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Country Report Namibia March 2011
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HTMLData and charts: Annual data and forecast
| 2006a | 2007a | 2008a | 2009a | 2010b | 2011c | 2012c | |
| GDP | |||||||
| Nominal GDP (US$ m) | 7,987 | 8,809 | 8,962 | 9,280 | 12,777 | 13,495 | 13,668 |
| Nominal GDP (N$ m) | 54,028 | 62,080 | 74,016 | 78,169 | 93,465 | 103,099 | 114,405 |
| Real GDP growth (%) | 7.1 | 5.4 | 4.3 | -0.7 | 4.6 | 4.3 | 4.5 |
| Expenditure on GDP (% real change) | |||||||
| Private consumption | 8.7 | 6.1 | 5.3 | 5.9 | 6.7 | 5.7 | 5.8 |
| Government consumption | 11.0 | 12.6 | 8.2 | 9.8 | 5.3 | 7.0 | 5.7 |
| Gross fixed investment | 29.8 | 12.1 | 13.1 | -1.6 | 7.1 | 8.8 | 12.0 |
| Exports of goods & services | 15.3 | 6.4 | 5.2 | -14.9 | 3.2 | 15.1 | 14.7 |
| Imports of goods & services | 16.3 | 31.8 | 6.9 | 4.1 | -0.9 | 15.7 | 17.9 |
| Origin of GDP (% real change) | |||||||
| Agriculture | -0.7 | -9.3 | 0.4 | -4.1 | -0.2 | 2.0 | 2.7 |
| Industry | 14.3 | 6.1 | 2.2 | -11.9 | 10.1 | 5.9 | 7.3 |
| Services | 5.5 | 7.4 | 5.8 | 4.4 | 3.3 | 4.7 | 3.6 |
| Population and income | |||||||
| Population (m) | 2.1 | 2.1 | 2.1 | 2.2 | 2.2 | 2.3 | 2.3 |
| GDP per head (US$ at PPP) | 5,839 | 6,213 | 6,495 | 6,388 | 6,593 | 6,857 | 7,199 |
| Fiscal indicators (% of GDP)d | |||||||
| Public-sector revenue | 36.4 | 31.8 | 31.2 | 28.1b | 25.2 | 21.2 | 23.8 |
| Public-sector expenditure | 31.7 | 26.7 | 29.2 | 31.5b | 32.3 | 29.9 | 28.5 |
| Public-sector balance | 4.7 | 5.1 | 2.0 | -3.4b | -7.1 | -8.7 | -4.7 |
| Net public debt | 28.3 | 18.9 | 18.0 | 15.1b | 20.0 | 26.8 | 29.0 |
| Prices and financial indicators | |||||||
| Exchange rate N$:US$ (end-period) | 7.04 | 6.86 | 9.30 | 7.36 | 6.59a | 8.05 | 8.75 |
| Exchange rate N$:€ (end-period) | 9.29 | 10.02 | 12.93 | 10.55 | 8.88a | 9.73 | 10.41 |
| Consumer prices (end-period; %) | 6.0 | 7.1 | 10.9 | 7.0 | 3.1a | 4.1 | 7.3 |
| Stock of money M1 (% change) | 45.6 | 6.8 | 26.9 | 13.2 | 11.2 | 10.3 | 15.4 |
| Stock of money M2 (% change) | 29.8 | 10.1 | 17.9 | 6.3 | 17.2 | 10.3 | 16.7 |
| Lending interest rate (av; %) | 11.2 | 12.9 | 13.7 | 11.1 | 9.7 | 9.5 | 10.0 |
| Current account (US$ m) | |||||||
| Trade balance | 102 | -180 | -717 | -984 | -784 | -910 | -1,190 |
| Goods: exports fob | 2,647 | 2,922 | 3,116 | 3,535 | 4,075 | 4,483 | 5,066 |
| Goods: imports fob | -2,544 | -3,102 | -3,833 | -4,519 | -4,859 | -5,393 | -6,256 |
| Services balance | 96 | 85 | -34 | -88 | -36 | -23 | -38 |
| Income balance | -63 | -158 | -155 | -70 | -337 | -389 | -422 |
| Current transfers balance | 880 | 946 | 950 | 980 | 1,285 | 856 | 1,108 |
| Current-account balance | 1,016 | 693 | 45 | -161 | 128 | -467 | -543 |
| External debt (US$ m) | |||||||
| Debt stock | 1,475 | 983 | 1,883 | 2,160 | 2,595 | 2,628 | 2,712 |
| Debt service paid | 399 | 342 | 397 | 400 | 439 | 445 | 454 |
| Principal repayments | 391 | 334 | 390 | 388 | 423 | 425 | 432 |
| Interest | 8 | 8 | 8 | 12 | 16 | 20 | 23 |
| International reserves (US$ m) | |||||||
| Total international reserves | 450 | 896 | 1,293 | 2,051 | 1,797 | 1,637 | 1,680 |
| a Actual. b Economist Intelligence Unit estimates. c Economist Intelligence Unit forecasts. d Fiscal years starting in April. | |||||||
| Sources: Bank of Namibia; Central Bureau of Statistics; IMF, International Financial Statistics. | |||||||
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