Namibia 2020
Detailed economic analysis and indicators for 2020
Key Economic Indicators (2020)
GDP (Current USD)
$10.58 billion
↓ 15.61% vs 2019GDP per Capita
$3,878.59
↓ 18.03% vs 2019GDP Growth (Annual %)
-8.10%
↓ 7.26pp vs 2019Inflation Rate (CPI %)
2.21%
↓ 1.51pp vs 2019Year-over-Year Comparison
| Indicator | 2019 | 2020 | Change |
|---|---|---|---|
| GDP (Current USD) | $12.54 billion | $10.58 billion | -15.61% |
| GDP per Capita | $4,731.92 | $3,878.59 | -18.03% |
| GDP Growth (Annual %) | -0.84% | -8.10% | -7.26pp |
| Inflation (CPI %) | 3.72% | 2.21% | -1.51pp |
| Unemployment Rate (%) | 19.92% | 21.00% | +1.08pp |
All Economic Indicators (2020)
National Accounts
- GDP (Current USD)
- $10.58 billion
- GDP per Capita
- $3,878.59
- GDP Growth (Annual %)
- -8.10%
- Gross National Income
- $10.54 billion
Prices & Employment
- Inflation (CPI %)
- 2.21%
- Inflation (GDP Deflator %)
- 4.63%
- Unemployment Rate (%)
- 21.00%
- Interest Rate (Real %)
- 3.09%
Trade & Investment
- Exports (Goods & Services)
- N/A
- Imports (Goods & Services)
- N/A
- FDI Inflow
- N/A
- FDI Outflow
- N/A
Balance & Debt
- Current Account Balance (% GDP)
- 2.99%
- Government Debt (% GDP)
- N/A
- Data Last Updated
- 2025-10-23
Frequently Asked Questions
As of 2020, Namibia's Gross Domestic Product (GDP) is $10.58 billion. This represents the total value of goods and services produced in the country.
The GDP per capita in Namibia for 2020 is $3,878.59. GDP per capita is calculated by dividing the country's GDP by its population.
The Consumer Price Index (CPI) inflation rate in Namibia for 2020 is 2.21%. This measures the annual percentage change in the cost of consumer goods and services.
Namibia's annual GDP growth rate for 2020 is -8.10%. This indicates the rate at which the country's economy is expanding or contracting.
The unemployment rate in Namibia for 2020 is 21.00%. This represents the percentage of the labor force that is unemployed and actively seeking employment.