Gross Domestic Product for Namibia
MKTGDPNAA646NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
13,372,354,268.54
Year-over-Year Change
2.53%
Date Range
1/1/1980 - 1/1/2024
Summary
The Gross Domestic Product (GDP) for Namibia measures the total monetary value of all goods and services produced within the country. It is a key indicator of economic health and development.
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
GDP represents the size and performance of Namibia's economy. It is widely used by economists, policymakers, and investors to analyze economic trends, assess policies, and make informed decisions.
Methodology
The data is collected and calculated by the World Bank based on national accounts information.
Historical Context
GDP is a critical metric for understanding Namibia's macroeconomic conditions and its position in the global economy.
Key Facts
- Namibia's GDP was $10.78 billion in 2021.
- GDP per capita in Namibia was $4,251 in 2021.
- Agriculture accounts for 6.4% of Namibia's GDP.
FAQs
Q: What does this economic trend measure?
A: The Gross Domestic Product (GDP) for Namibia measures the total monetary value of all final goods and services produced within the country's borders over a specific time period.
Q: Why is this trend relevant for users or analysts?
A: GDP is a fundamental indicator of a country's economic performance and development. It is closely watched by policymakers, economists, and investors to assess Namibia's macroeconomic conditions and its position in the global economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank based on Namibia's national accounts information.
Q: How is this trend used in economic policy?
A: GDP data is used by policymakers in Namibia and international institutions to monitor economic growth, evaluate the effectiveness of policies, and make informed decisions about fiscal, monetary, and development strategies.
Q: Are there update delays or limitations?
A: The GDP data for Namibia is typically published with a lag of several months, and may be subject to revisions as more complete information becomes available.
Related Trends
Percentage of Foreign Banks Among Total Banks for Namibia
DDOI13NAA156NWDB
Use of Financial Services: Key Indicators, Household Borrowers from Commercial Banks Per 1000 Adults for Namibia
NAMFCRODCHANUM
Number of Identified Exporters to Namibia from Iowa
IANAMA475SCEN
Amount Outstanding of International Debt Securities for All Issuers, All Maturities, Residence of Issuer in Namibia
IDSAMRIAONA
Amount Outstanding of International Debt Securities for Issuers in General Government Sector, All Maturities, Residence of Issuer in Namibia
IDSGAMRIAONA
Financial System Deposits to GDP for Namibia
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Citation
U.S. Federal Reserve, Gross Domestic Product for Namibia (MKTGDPNAA646NWDB), retrieved from FRED.