GDP Growth Rate
Year -
3.71%
In 2024, Namibia experienced a significant a decrease in its GDP growth rate, which fall to 3.71% from 4.44% in 2023. Additionally, the GDP per capita growth rate in Namibia decrease to 1.42% in 2024, compared to 1.85% in 2023.
In 2024, Namibia experienced a decrease in economic performance, with the GDP growth rate falling by 0.73%. Additionally, the GDP per capita growth rate decrease by 0.43%.
| Year | GDP Growth | Net Chg | GDP Capita Growth | Net Chg |
|---|---|---|---|---|
| 1961 | - | - | - | - |
| 1962 | - | - | - | - |
| 1963 | - | - | - | - |
| 1964 | - | - | - | - |
| 1965 | - | - | - | - |
| 1966 | - | - | - | - |
| 1967 | - | - | - | - |
| 1968 | - | - | - | - |
| 1969 | - | - | - | - |
| 1970 | - | - | - | - |
| 1971 | - | - | - | - |
| 1972 | - | - | - | - |
| 1973 | - | - | - | - |
| 1974 | - | - | - | - |
| 1975 | - | - | - | - |
| 1976 | - | - | - | - |
| 1977 | - | - | - | - |
| 1978 | - | - | - | - |
| 1979 | - | - | - | - |
| 1980 | - | - | - | - |
| 1981 | 0.97 | - | -0.15 | - |
| 1982 | -0.4% | -1.37% | -2.15% | -2.00% |
| 1983 | -1.82% | -1.42% | -4.4% | -2.25% |
| 1984 | -0.24% | 1.58% | -2.9% | 1.50% |
| 1985 | 0.46% | 0.70% | -2.37% | 0.53% |
| 1986 | 4.77% | 4.31% | 1.6% | 3.97% |
| 1987 | 3.55% | -1.22% | 0.29% | -1.31% |
| 1988 | 0.81% | -2.74% | -2.67% | -2.96% |
| 1989 | 1.86% | 1.05% | -4.4% | -1.73% |
| 1990 | 2.05% | 0.19% | -3.94% | 0.46% |
| 1991 | 8.17% | 6.12% | 4.62% | 8.56% |
| 1992 | 7.19% | -0.98% | 3.84% | -0.78% |
| 1993 | -1.58% | -8.77% | -4.67% | -8.51% |
| 1994 | 1.73% | 3.31% | -1.38% | 3.29% |
| 1995 | 3.9% | 2.17% | 0.92% | 2.30% |
| 1996 | 3.19% | -0.71% | 0.44% | -0.48% |
| 1997 | 4.22% | 1.03% | 1.56% | 1.12% |
| 1998 | 3.29% | -0.93% | 0.7% | -0.86% |
| 1999 | 3.37% | 0.08% | 0.83% | 0.13% |
| 2000 | 3.49% | 0.12% | 1.09% | 0.26% |
| 2001 | 1.18% | -2.31% | -0.91% | -2.00% |
| 2002 | 4.79% | 3.61% | 2.96% | 3.87% |
| 2003 | 4.24% | -0.55% | 2.75% | -0.21% |
| 2004 | 12.27% | 8.03% | 10.85% | 8.10% |
| 2005 | 2.53% | -9.74% | 1.25% | -9.60% |
| 2006 | 7.07% | 4.54% | 5.71% | 4.46% |
| 2007 | 5.37% | -1.70% | 3.98% | -1.73% |
| 2008 | 2.65% | -2.72% | 1.22% | -2.76% |
| 2009 | 0.3% | -2.35% | -1.17% | -2.39% |
| 2010 | 6.04% | 5.74% | 4.41% | 5.58% |
| 2011 | 5.09% | -0.95% | 3.3% | -1.11% |
| 2012 | 5.06% | -0.03% | 2.75% | -0.55% |
| 2013 | 5.61% | 0.55% | 2.9% | 0.15% |
| 2014 | 6.09% | 0.48% | 3.36% | 0.46% |
| 2015 | 4.26% | -1.83% | 1.53% | -1.83% |
| 2016 | 0.03% | -4.23% | -2.63% | -4.16% |
| 2017 | -1.03% | -1.06% | -3.7% | -1.07% |
| 2018 | 1.06% | 2.09% | -1.7% | 2.00% |
| 2019 | -0.84% | -1.90% | -3.58% | -1.88% |
| 2020 | -8.1% | -7.26% | -10.74% | -7.16% |
| 2021 | 3.6% | 11.70% | 0.59% | 11.33% |
| 2022 | 5.4% | 1.80% | 2.51% | 1.92% |
| 2023 | 4.44% | -0.96% | 1.85% | -0.66% |
| 2024 | 3.71% | -0.73% | 1.42% | -0.43% |