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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$76 424 31 Dec 2023 | Latest annual inflation 5.4% 30 Sep 2026 | Central area dam levels 43.4% 05 Oct 2026 |
| Government budget balance N$-17.7 bn 31 Mar 2026 | Government debt as % of GDP 64.0% 31 Dec 2025 | Credit rating Moodys: B1 Fitch: BB- |
Demographics
Population
3,022,401
Capital City
Windhoek
Official Language
English
Country Area
825615 km2
Country Group
Lower Middle Income
Inflation
Sep ’26 recorded an annual inflation rate of 5.4%, with the transport basket the largest contributor for the 5th consecutive month.
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) | August 2026 | 5 839.341 | 1.48% | 5.97% |
| Broad Money Supply (M2) | August 2026 | 183 762.056 | 1.32% | 10.24% |
| Private Sector Credit Extension | August 2026 | 127 455.272 | 1.52% | 3.33% |
| Credit Extension to Businesses | August 2026 | 53 940.201 | 2.93% | 5.95% |
| Credit Extension to Households | August 2026 | 73 161.171 | 0.58% | 4.94% |
| Mortgage Loans | August 2026 | 60 705.734 | -1.28% | 1.91% |
| Instalment and leasing | August 2026 | 18 585.597 | 1.13% | 18.72% |
| Overdrafts | August 2026 | 13 272.915 | 3.74% | 6.89% |
Exchange Rates and Commodity Prices
USD-ZAR X-Rate
16.50
EUR-ZAR X-Rate
18.51
Gold Spot ($/Oz)
4 140.74
Copper ($/Ton)
639.20
GBP-ZAR X-Rate
22.10
Brent Crude ($/bbl)
119.87
Platinum Spot ($/Oz)
1 632.07
Uranium (U$/lb)
90.05
Current Prices of Primary NSX Shares
SILP
N$127.99
CGP
N$30.40
NAM
N$0.72
FNB
N$59.95
NBS
N$32.16
ANE
N$8.79
ORY
N$13.64
NHL
N$3.40
LHN
N$6.51
PNH
N$12.35
SNO
N$14.92
MTC
N$9.68