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Country Report Namibia May 2011
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HTMLOutlook for 2011-12: Forecast summary
| Forecast summary | ||||
| (% unless otherwise indicated) | ||||
| 2009a | 2010a | 2011b | 2012b | |
| Real GDP growth | -0.7 | 4.8c | 4.2 | 4.6 |
| Gross agricultural production growth | -4.1 | -0.2c | 1.5 | 1.8 |
| Consumer price inflation (av) | 8.8 | 4.5 | 5.0 | 5.3 |
| Consumer price inflation (end-period) | 7.0 | 3.1 | 4.4 | 6.6 |
| Lending rate (av) | 11.1 | 9.7 | 9.1 | 9.5 |
| Government balance (% of GDP)d | -1.1 | -6.3c | -8.4 | -6.5 |
| Exports of goods fob (US$ m) | 3,535 | 4,042 | 4,483 | 5,066 |
| Imports of goods fob (US$ m) | -4,519 | -4,880 | -5,393 | -6,256 |
| Current-account balance (US$ m) | -161 | 11 | -113 | -571 |
| Current-account balance (% of GDP) | -1.7 | 0.1c | -0.8 | -4.1 |
| External debt (year-end; US$ m) | 2,038 | 2,888 | 3,060 | 3,163 |
| Exchange rate N$:US$ (av) | 8.42 | 7.32 | 7.30 | 8.20 |
| Exchange rate N$:¥100 (av) | 8.99 | 8.32 | 8.93 | 10.12 |
| Exchange rate N$:€ (end-period) | 10.55 | 8.94 | 10.30 | 10.79 |
| Exchange rate N$:SDR (end-period) | 11.61 | 10.33 | 12.10 | 13.03 |
| a Actual. b Economist Intelligence Unit forecasts. c Economist Intelligence Unit estimate. d Fiscal years beginning April 1st. | ||||
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