Real Gross Domestic Product for Namibia
NAMNGDPRPCPPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.71
Year-over-Year Change
-39.18%
Date Range
1/1/2000 - 1/1/2026
Summary
The Real Gross Domestic Product (GDP) for Namibia measures the total value of all goods and services produced in the country, adjusted for inflation. This metric is crucial for economists and policymakers to assess the overall health and growth of the Namibian economy.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
Real GDP is a comprehensive indicator of a country's economic performance. It provides insights into productivity, living standards, and the nation's ability to generate wealth. Analyzing trends in Namibia's real GDP helps inform economic policies, investments, and development strategies.
Methodology
The data is calculated by the Namibia Statistics Agency using established national accounting principles.
Historical Context
Namibia's real GDP is closely monitored by international institutions, domestic policymakers, and global investors to gauge the country's macroeconomic conditions.
Key Facts
- Namibia's real GDP per capita was $4,923 in 2021.
- The economy grew by 2.4% in 2021 after contracting in 2020.
- Agriculture, mining, and tourism are key sectors driving Namibia's GDP.
FAQs
Q: What does this economic trend measure?
A: The Real Gross Domestic Product (GDP) for Namibia measures the total value of all goods and services produced in the country, adjusted for inflation.
Q: Why is this trend relevant for users or analysts?
A: Analyzing Namibia's real GDP provides crucial insights into the country's overall economic performance, productivity, and development, informing policy decisions and investment strategies.
Q: How is this data collected or calculated?
A: The data is calculated by the Namibia Statistics Agency using established national accounting principles.
Q: How is this trend used in economic policy?
A: Namibia's real GDP is closely monitored by international institutions, domestic policymakers, and global investors to gauge the country's macroeconomic conditions and inform economic policies and development strategies.
Q: Are there update delays or limitations?
A: The data is subject to the release schedule and methodological updates of the Namibia Statistics Agency.
Related Trends
Percentage of Foreign Bank Assets Among Total Bank Assets for Namibia
DDOI14NAA156NWDB
Number of Identified Exporters to Namibia from North Dakota
NDNAMA475SCEN
Number of Identified Exporters to Namibia from Massachusetts
MANAMA475SCEN
Number of Identified Exporters to Namibia from Washington
WANAMA475SCEN
Firms with a Bank Loan or Line of Credit to Total Firms for Namibia
DDAI03NAA156NWDB
Use of Financial Services, Assets: Outstanding Loans to Households at Commercial Banks for Namibia
NAMFCSODCHXDC
Citation
U.S. Federal Reserve, Real Gross Domestic Product for Namibia (NAMNGDPRPCPPPT), retrieved from FRED.