Namibia 2024
Detailed economic analysis and indicators for 2024
Key Economic Indicators (2024)
GDP (Current USD)
$12.62 billion
↑ 2.18% vs 2023GDP per Capita
$4,259.12
↑ 2.18% vs 2023GDP Growth (Annual %)
2.18%
↓ 1.98pp vs 2023Inflation Rate (CPI %)
4.24%
↓ 1.64pp vs 2023Year-over-Year Comparison
| Indicator | 2023 | 2024 | Change |
|---|---|---|---|
| GDP (Current USD) | $12.35 billion | $12.62 billion | +2.18% |
| GDP per Capita | $4,168.29 | $4,259.12 | +2.18% |
| GDP Growth (Annual %) | 4.16% | 2.18% | -1.98pp |
| Inflation (CPI %) | 5.88% | 4.24% | -1.64pp |
| Unemployment Rate (%) | 19.37% | 19.15% | -0.22pp |
All Economic Indicators (2024)
National Accounts
- GDP (Current USD)
- $12.62 billion
- GDP per Capita
- $4,259.12
- GDP Growth (Annual %)
- 2.18%
- Gross National Income
- N/A
Prices & Employment
- Inflation (CPI %)
- 4.24%
- Inflation (GDP Deflator %)
- N/A
- Unemployment Rate (%)
- 19.15%
- Interest Rate (Real %)
- N/A
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)
- N/A
- Government Debt (% GDP)
- N/A
- Data Last Updated
- 2025-10-23
Frequently Asked Questions
As of 2024, Namibia's Gross Domestic Product (GDP) is $12.62 billion. This represents the total value of goods and services produced in the country.
The GDP per capita in Namibia for 2024 is $4,259.12. GDP per capita is calculated by dividing the country's GDP by its population.
The Consumer Price Index (CPI) inflation rate in Namibia for 2024 is 4.24%. This measures the annual percentage change in the cost of consumer goods and services.
Namibia's annual GDP growth rate for 2024 is 2.18%. This indicates the rate at which the country's economy is expanding or contracting.
The unemployment rate in Namibia for 2024 is 19.15%. This represents the percentage of the labor force that is unemployed and actively seeking employment.