Real GDP Growth: Namibia
Namibia's real gdp growth is currently 3.8% as of 2026. # Namibia Real GDP Growth Namibia's real GDP growth stands at 3.
Current (2026)
3.8%
+5.6% y/y
Peak (1992)
9.3%
Low (2020)
-8.1%
Source
IMF World Economic Outlook
1991–2026 · 40 pts
Real GDP Growth — Namibia
1991 — 2026
Real GDP Growth — Namibia
Analysis# Namibia Real GDP Growth
Namibia's real GDP growth stands at 3.8% in 2026, marking a modest recovery from the pandemic-induced collapse. The country's economy peaked at 9.3% growth in 1992 but has contracted significantly over three decades, with a cumulative decline of 28.3% since 1991. Current growth rates remain well below historical highs, reflecting structural economic challenges despite recent stabilization.
The 2020 pandemic triggered a severe contraction of -8.1%, Namibia's worst performance on record. Recovery accelerated sharply in 2021-2022, with growth reaching 5.4%, before stabilizing around 3.6-3.8% from 2023 onward. This plateau suggests the economy has settled into a modest growth trajectory, with projections holding steady through 2026 as the country balances mining-dependent revenues with broader economic diversification efforts.
Historical Data
40 Rows| Year | Value | Change % |
|---|---|---|
| 2030 | 3.0% | +0.00% |
| 2029 | 3.0% | +0.00% |
| 2028 | 3.0% | +3.45% |
| 2027 | 2.9% | -23.68% |
| 2026 | 3.8% | +5.56% |
| 2025 | 3.6% | -2.70% |
| 2024 | 3.7% | -15.91% |
| 2023 | 4.4% | -18.52% |
| 2022 | 5.4% | +50.00% |
| 2021 | 3.6% | +144.44% |
| 2020 | -8.1% | -912.50% |
| 2019 | -0.8% | -172.73% |
| 2018 | 1.1% | +210.00% |
| 2017 | -1.0% | — |
| 2016 | 0.0% | -100.00% |
| 2015 | 4.3% | -29.51% |
| 2014 | 6.1% | +8.93% |
| 2013 | 5.6% | +9.80% |
| 2012 | 5.1% | +0.00% |
| 2011 | 5.1% | -15.00% |
Show all 40 rows
| Year | Value | Change % |
|---|---|---|
| 2010 | 6.0% | +1900.00% |
| 2009 | 0.3% | -88.46% |
| 2008 | 2.6% | -27.78% |
| 2007 | 3.6% | -7.69% |
| 2006 | 3.9% | -17.02% |
| 2005 | 4.7% | -28.79% |
| 2004 | 6.6% | +88.57% |
| 2003 | 3.5% | -47.76% |
| 2002 | 6.7% | +179.17% |
| 2001 | 2.4% | -31.43% |
| 2000 | 3.5% | +2.94% |
| 1999 | 3.4% | +3.03% |
| 1998 | 3.3% | -21.43% |
| 1997 | 4.2% | +31.25% |
| 1996 | 3.2% | -21.95% |
| 1995 | 4.1% | +36.67% |
| 1994 | 3.0% | +287.50% |
| 1993 | -1.6% | -117.20% |
| 1992 | 9.3% | +75.47% |
| 1991 | 5.3% | — |
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Demographics
People & population data
No demographic data available.