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Namibia real GDPNamibia real GDPNamibia real GDP

Namibia real GDP

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Key data points


Last release
—
Observation period
Q4 2024
Next release
—
Forecast
—
Highest
‪41.11 B‬ USD on Dec 31, 2024
Lowest
‪10.27 B‬ USD on Mar 31, 2004

About Namibia real GDP


Category
GDP
Source
Central Bureau of Statistics
Frequency
Quarterly
Units
USD

Namibia in figures — see more economic indicators tied to NAGDPCP.
NAFYGDPG
Full Year GDP Growth
NAGDP
GDP
NAGDPA
GDP From Agriculture
NAGDPC
GDP From Construction
NAGDPCP
Real GDP
NAGDPMAN
GDP From Manufacturing
NAGDPMIN
GDP From Mining
NAGDPPA
GDP From Public Administration
NAGDPPC
GDP Per Capita
NAGDPPCP
GDP Per Capita PPP
NAGDPQQ
GDP Growth Rate
NAGDPS
GDP From Services
NAGDPT
GDP From Transport
NAGDPU
GDP From Utilities
NAGDPYY
GDP Growth
NAGFCF
Gross Fixed Capital Formation
NAGNP
Gross National Product

Frequently Asked Questions


Real GDP is calculated using a GDP price deflator, which is the difference in prices between the current year and the base year. Then nominal GDP (GDP adjusted for inflation) is divided by this deflator, yielding real GDP. Nominal GDP is usually higher than real GDP because inflation is typically a positive number.
Since GDP measures an economy's output, it is subject to inflationary pressure. So real GDP is a measure of an economy's output adjusted for inflation.
Last quarter Namibia real GDP was 41.11 B USD, and the quarter before it reached 38.2 B USD.