Namibia GDP Growth RateNamibia GDP Growth RateNamibia GDP Growth Rate

Namibia GDP Growth Rate

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Key data points


Last release
Observation period
Q2 2024
Next release
Forecast
Highest
12.28% on Mar 31, 2012
Lowest
−7.13% on Mar 31, 2010

About Namibia GDP Growth Rate


Category
GDP
Frequency
Quarterly
Units
%
Namibia has one of the biggest GDP per capita in Africa. Yet, due to an uneven distribution of income, half of the population lives below the poverty line. The Namibian economy is dependent on the extraction and processing of minerals like diamonds, uranium, lead, zinc, tin, silver, and tungsten. Subsistence agriculture is the main source of income for 50% of Namibians.