Real GDP Per Capita for Namibia
NAMNGDPRPCPCPPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.79
Year-over-Year Change
-46.99%
Date Range
1/1/2000 - 1/1/2026
Summary
This trend measures the real gross domestic product (GDP) per capita for Namibia, which is a key indicator of economic well-being and living standards.
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 per capita adjusts the total economic output of a country for population size, providing a more accurate assessment of a nation's economic productivity and the resources available to its citizens.
Methodology
The data is calculated by the World Bank using national accounts and population estimates.
Historical Context
Policymakers and analysts use this metric to evaluate Namibia's economic development and make informed decisions.
Key Facts
- Namibia's real GDP per capita was $4,957 in 2021.
- Real GDP per capita grew by 1.3% in Namibia from 2020 to 2021.
- Namibia's real GDP per capita is below the global average.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) per capita for Namibia, which is a key indicator of the country's economic productivity and living standards.
Q: Why is this trend relevant for users or analysts?
A: Real GDP per capita is an important metric for evaluating a country's economic development and the resources available to its citizens. It is used by policymakers, economists, and analysts to make informed decisions.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts data and population estimates.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess Namibia's economic performance, set development goals, and make informed decisions about policies and investments.
Q: Are there update delays or limitations?
A: The data is subject to the availability and reliability of national accounts and population data for Namibia, which may result in occasional delays or revisions.
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Citation
U.S. Federal Reserve, Real GDP Per Capita for Namibia (NAMNGDPRPCPCPPPT), retrieved from FRED.