Namibia: Economic growth, quarterly

* indicates monthly or quarterly data series
 Namibia

Economic growth, percent change in quarterly real GDP

 Latest value 4.37
 Reference Q4 2023
 Measure percent
 Data availability Q1 2008 - Q4 2023
 Average 2.51
 Min - Max -11.36 - 14.35
 Source Namibia Statistics Agency
The latest data from Q4 2023 show economic growth of 4.37 percent, which is an increase from the rate of growth of 3.16 percent in the previous quarter and an increase compared to the growth rate of 3.34 percent in the same quarter last year. The economic growth time series for Namibia cover the period from Q1 2008 to Q4 2023. During that time span, the average growth rate for Namibia was 2.51 percent. The lowest rate of growth of -11.36 percent was recorded in Q2 2020 while the highest growth rate was 14.35 percent in Q3 2013. See more information about that indicator and compare to other countries on our Economic growth page.
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* indicates monthly or quarterly data series


Recent values chart
Namibia - Economic growth, quarterly  - recent values

Historical chart
Namibia - Economic growth, quarterly  - historical chart - 2008-2023
Measure: percent
Source: Namibia Statistics Agency


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Definition: The percent change in the Gross Domestic Product from the same quarter last year using constant prices.

 Related indicators Latest value Reference Measure
 Economic growth 7.56 2022 percent
 GDP, constant dollars 11.5 2022 billion U.S. dollars
 GDP, current U.S. dollars 12.91 2022 billion U.S. dollars
 GDP per capita, current dollars 5,031.12 2022 U.S. dollars
 GDP per capita, PPP 9,763 2022 U.S. dollars
 GDP per capita, constant dollars 4,483.28 2022 U.S. dollars
 Economic growth, quarterly 3.16 Q3/2023 percent
 Gross Domestic Product (GDP) 59.74 Q3/2023 billion
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