Namibia's economy is expected to grow by a moderate 2.4 percent of GDP in 2021 after a sharp contraction of 7.9 percent in 2020. The Central Bank has kept the policy rate at a historically low level of 3.75 percent to support the domestic economy amid low inflationary pressures. The current account moved from a deficit of 1.8 percent of GDP in 2019 to a surplus of 2.8 percent of GDP in 2020. International reserves increased to 6.3 months of import cover in 2021 from 4.3 months in 2020. Namibia received US$300 million in SDRs. (Download detailed Analysis Source : Report African Economic Outlook 2022 ; AfDB)
The Namibian Stock Exchange (NSX) has 39 listed companies, representing a market capitalization of $2.1 billion at the end of 2022. During the 2018-2020 periods, foreign direct investment flows into Namibia have trended downward from $279.9 million in 2017 to -$155.9 million in 2020. These flows rose to $411.6 million in 2021, an increase of 364%.
