Namibia

1980

2026

2030

1980

2026

2030

Namibia Economic Statistics (2026)

GDP per capita (PPP) in 2026: $12,805—a middle income level.

The economy has grown at an average rate of 4.1% over the past 5 years.

GDP per capita (PPP)

$12,805

GDP growth

+3.8%

Inflation rate

3.6%

Key terms

GDP: — Gross Domestic Product—the total value of goods and services produced in a country annually.
GDP PPP: — GDP adjusted for purchasing power parity—what money actually buys in each country.
GDP per capita: — GDP divided by population—a measure of average economic output per person.
Inflation rate: — Annual percentage increase in the general price level of goods and services.
Fiscal balance: — Government revenue minus expenditure. Surplus if positive, deficit if negative.
Current account: — Net flow of goods, services, and transfers with the rest of the world.

Total economic output and annual growth rate

Total GDP is $16 billion, with steady growth of 3.8% in 2026.

Average economic output per person

GDP per capita is $5,182 in nominal terms, but $12,805 when adjusted for local purchasing power—indicating lower prices than in the US.

Consumer price inflation and labor market conditions

Inflation is 3.6% in 2026.

Government debt, revenue, and expenditure as percentage of GDP

Government debt is elevated at 63% of GDP. The government spends more than it collects (revenue: 32.9%, expenditure: 38.0% of GDP).

Fiscal balance and current account as percentage of GDP

The country is running a fiscal deficit of 5.1% and a current account deficit of 12.1% of GDP.

Namibia is a middle-income economy with GDP per capita (PPP) of $13k. The economy has been growing rapidly, averaging 4.1% annually.