Namibia GDP Growth Rate (2026)
Namibia has a resource-rich Southern African economy supported by mining, services, tourism, agriculture, and trade. This page explores its GDP growth trend, historical performance, regional position, and outlook.
GDP Growth Rate 2026
+2.4%
Annual real GDP growth
World Rank
#120
Out of 195 countries
Change vs 2025
0.0 pp
2025: +2.4%
Africa Rank
#44
Out of 54 countries
1. Namibia GDP Growth Rate in 2026
Namibian economic growth is influenced by mining, commodity prices, tourism, household demand, and investment. Diamond and uranium production remain especially important.
2. Namibia GDP Growth Rate Trends (1991–2026)
Namibia’s growth history has been shaped by mining cycles, tourism, regional trade, and public investment. Resource industries have remained central to exports.
3. Namibia GDP Growth Rate (Historical Data)
| Year | GDP Growth Rate | Change (pp) |
|---|---|---|
| 2026 | +2.4% | 0.0 pp |
| 2025 | +2.4% | -1.3 pp |
| 2024 | +3.7% | -0.7 pp |
| 2023 | +4.4% | -1.0 pp |
| 2022 | +5.4% | +1.8 pp |
| 2021 | +3.6% | +11.7 pp |
| 2020 | -8.1% | -7.3 pp |
| 2019 | -0.8% | -1.9 pp |
| 2018 | +1.1% | +2.1 pp |
| 2017 | -1.0% | -1.0 pp |
| 2016 | 0.0% | -4.3 pp |
| 2015 | +4.3% | -1.8 pp |
| 2014 | +6.1% | +0.5 pp |
| 2013 | +5.6% | +0.5 pp |
| 2012 | +5.1% | 0.0 pp |
| 2011 | +5.1% | -0.9 pp |
| 2010 | +6.0% | +5.7 pp |
| 2009 | +0.3% | -2.3 pp |
| 2008 | +2.6% | -1.0 pp |
| 2007 | +3.6% | -0.3 pp |
| 2006 | +3.9% | -0.8 pp |
| 2005 | +4.7% | -1.9 pp |
| 2004 | +6.6% | +3.1 pp |
| 2003 | +3.5% | -3.2 pp |
| 2002 | +6.7% | +4.3 pp |
| 2001 | +2.4% | -1.1 pp |
| 2000 | +3.5% | +0.1 pp |
| 1999 | +3.4% | +0.1 pp |
| 1998 | +3.3% | -0.9 pp |
| 1997 | +4.2% | +1.0 pp |
| 1996 | +3.2% | -0.9 pp |
| 1995 | +4.1% | +1.1 pp |
| 1994 | +3.0% | +4.6 pp |
| 1993 | -1.6% | -10.9 pp |
| 1992 | +9.3% | +4.0 pp |
| 1991 | +5.3% | — |
4. Namibia GDP Growth Performance
Current Growth Rate
+2.4%
(2026 to 2026)
5-Year Average
+3.7%
(2022 to 2026)
10-Year Average
+1.3%
(2017 to 2026)
20-Year Average
+2.6%
(2007 to 2026)
The economy benefits from substantial mineral resources and strong institutions, but high unemployment and limited diversification constrain broader growth.
5. Namibia GDP Growth Rate vs Africa and World
Namibia
+2.4%
Africa Average
+4.1%
World Average
+2.8%
0.0%
2.1%
4.1%
Annual real GDP growth (%)
Namibia’s GDP growth rate is approximately
1.7 pp
below the
Africa average
and
0.4 pp
below the world average.
6. Namibia GDP Growth Rate Ranking in Africa
| Rank | Country | GDP Growth Rate |
|---|---|---|
| #40 | Eritrea | +2.8% |
| #41 | Gabon | +2.7% |
| #42 | Central African Republic | +2.6% |
| #43 | Somalia | +2.6% |
| #44 | Namibia | +2.4% |
| #45 | Angola | +2.3% |
| #46 | Malawi | +2.2% |
| #47 | Senegal | +2.2% |
| #48 | Tunisia | +2.1% |
7. Top 10 Fastest-Growing Countries in the World (2026)
8. GDP Growth Rate and Economy Size in Namibia
Namibia GDP (Nominal)
$17.3 Billion
(2026)
Namibia GDP Growth Rate
+2.4%
(2026)
Namibia’s growth can outperform regional peers during strong mining cycles, while commodity dependence creates significant volatility.
Explore more:
Namibia GDP
9. Namibia GDP Growth Rate Forecast
The outlook depends on mining investment, tourism, energy projects, and domestic demand. Commodity swings and unemployment remain important risks.
| Year | GDP Growth Rate | Change |
|---|---|---|
| 2027 | +2.7% | +0.3 pp |
| 2028 | +3.0% | +0.3 pp |
| 2029 | +3.1% | +0.1 pp |
| 2030 | +3.0% | -0.1 pp |
10. Namibia GDP Growth Rate: Key Findings
Namibia GDP growth rate is estimated at +2.4% in 2026.
It ranks #120 globally and #44 in Africa by annual GDP growth rate.
The growth rate was unchanged compared with 2025.
The 5-year average GDP growth rate is +3.7%.
The 10-year average GDP growth rate is +1.3%.
The current rate is 1.7 percentage points below the Africa average.
The current rate is 0.4 percentage points below the world average.
The forecast GDP growth rate is +3.0% in 2030, 0.6 percentage points above the 2026 rate.
11. What Is GDP Growth Rate?
GDP growth rate measures the percentage change in a country’s real gross domestic product from one period to the next, usually year over year.
GDP Growth Rate
=
(Real GDPₜ − Real GDPₜ₋₁)
÷
Real GDPₜ₋₁ × 100
A positive rate indicates economic expansion, while a negative rate indicates contraction. Real GDP growth is preferred for growth comparisons because it adjusts for price changes.
12. Methodology and Data Sources
Primary Source:
International Monetary Fund (IMF)
Additional Source:
World Bank
Measure:
Annual percentage change in real GDP
Unit:
Percent (%)
Comparisons:
Year-to-year rate differences are shown in percentage points (pp)
Update Frequency:
Annually and when new forecasts are released
Last Updated:
November 2026
13. Namibia GDP Growth Rate FAQs
Namibia GDP growth rate is estimated at +2.4% in 2026.
Namibia ranks #120 globally and #44 in Africa by annual GDP growth rate.
The economy is expanding, with real GDP growth of approximately +2.4% in 2026.
Namibia GDP growth rate was +4.3% in 2015.
Namibia GDP growth rate is 1.7 percentage points below the Africa average.
15. Explore GDP Growth Rate
Disclaimer:
All data are estimates based on IMF, World Bank,
United Nations and related economic datasets.
Figures may differ from official national statistics.