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Latest Annual Economic Data
| Real GDP growth 1.73% 31 Dec 2025 | Real GDP N$160.1 bn 31 Dec 2025 | Labour force 867 246 31 Dec 2023 |
| Nominal GDP growth 7.90% 31 Dec 2025 | Nominal GDP N$269.8 bn 31 Dec 2025 | Unemployment rate 54.8% 31 Dec 2023 |
| GDP per capita N$76 424 31 Dec 2023 | Latest annual inflation 5.0% 31 Aug 2026 | Central area dam levels 46.3% 31 Aug 2026 |
| Government budget balance N$-17.7 bn 31 Mar 2026 | Government debt as % of GDP 64.0% 31 Dec 2025 | Credit rating Moodys: B1 Fitch: BB- |
Demographics
Inflation
Aug ’26 recorded an annual inflation rate of 5.0%, driven mostly by acceleration in the transport basket, making up 39.5% of the month’s inflation. The upward pressure on transport prices has started to transmit into the inflation baskets, namely food & NAB, and household goods & services.
All Items
Real GDP Growth
Namibia recorded its slowest annual growth since ‘20, decelerating sharply to 1.7% in ’25 compared to an upwardly revised growth figure of 3.8% for ’24. While many of the individual sectors did well, outside of the top two performers, Construction (up 20.2%) and Water & Electricity (up 12.6%), all industries adding to growth were from the tertiary industries. Primary industries saw a second straight year of contraction, down a huge 7.2% in ’25. That decline was primarily off the back of livestock farming and diamond mining contractions.?
Real GDP growth
1.7%Private Sector Credit Extension
| Latest Figures | Date | Value (N$ millions) | % Month on Month | % Year on Year |
|---|---|---|---|---|
| Currency in Circulation (M0) | July 2026 | 5 754.406 | 2.68% | 7.96% |
| Broad Money Supply (M2) | July 2026 | 181 376.785 | 1.69% | 9.09% |
| Private Sector Credit Extension | July 2026 | 125 552.396 | -0.25% | 2.25% |
| Credit Extension to Businesses | July 2026 | 52 406.987 | -1.46% | 3.68% |
| Credit Extension to Households | July 2026 | 72 737.820 | 0.61% | 4.60% |
| Mortgage Loans | July 2026 | 61 492.973 | 2.40% | 3.37% |
| Instalment and leasing | July 2026 | 18 378.736 | 0.59% | 18.61% |
| Overdrafts | July 2026 | 12 794.028 | -1.60% | 2.30% |