Namibia 2023
Detailed economic analysis and indicators for 2023
Key Economic Indicators (2023)
GDP (Current USD)
$12.35 billion
↓ 1.72% vs 2022GDP per Capita
$4,168.29
↓ 4.16% vs 2022GDP Growth (Annual %)
4.16%
↓ 1.19pp vs 2022Inflation Rate (CPI %)
5.88%
↓ 0.20pp vs 2022Year-over-Year Comparison
| Indicator | 2022 | 2023 | Change |
|---|---|---|---|
| GDP (Current USD) | $12.57 billion | $12.35 billion | -1.72% |
| GDP per Capita | $4,349.05 | $4,168.29 | -4.16% |
| GDP Growth (Annual %) | 5.35% | 4.16% | -1.19pp |
| Inflation (CPI %) | 6.08% | 5.88% | -0.20pp |
| Unemployment Rate (%) | 19.70% | 19.37% | -0.33pp |
All Economic Indicators (2023)
National Accounts
- GDP (Current USD)
- $12.35 billion
- GDP per Capita
- $4,168.29
- GDP Growth (Annual %)
- 4.16%
- Gross National Income
- $11.78 billion
Prices & Employment
- Inflation (CPI %)
- 5.88%
- Inflation (GDP Deflator %)
- 6.41%
- Unemployment Rate (%)
- 19.37%
- Interest Rate (Real %)
- 4.24%
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)
- -14.65%
- Government Debt (% GDP)
- N/A
- Data Last Updated
- 2025-10-23
Frequently Asked Questions
As of 2023, Namibia's Gross Domestic Product (GDP) is $12.35 billion. This represents the total value of goods and services produced in the country.
The GDP per capita in Namibia for 2023 is $4,168.29. GDP per capita is calculated by dividing the country's GDP by its population.
The Consumer Price Index (CPI) inflation rate in Namibia for 2023 is 5.88%. This measures the annual percentage change in the cost of consumer goods and services.
Namibia's annual GDP growth rate for 2023 is 4.16%. This indicates the rate at which the country's economy is expanding or contracting.
The unemployment rate in Namibia for 2023 is 19.37%. This represents the percentage of the labor force that is unemployed and actively seeking employment.