Current account deficit narrows to N$9.9 billion in Q1
Namibia’s current account deficit narrowed during the first quarter of 2026 as lower services payments and reduced net investment income outflows strengthened the country’s external position, even as the economy recorded faster growth and inflation remained relatively subdued.
CHAMWE KAIRA
Namibia’s current account deficit narrowed during the first quarter of 2026 as lower services payments and reduced net investment income outflows strengthened the country’s external position, even as the economy recorded faster growth and inflation remained relatively subdued.
According to the Bank of Namibia, the current account deficit narrowed to N$9.9 billion during the first quarter of 2026, down from N$10.6 billion in the preceding quarter and N$13.4 billion in the corresponding quarter of 2025.
The improvement was mainly attributed to lower services payments and reduced net investment income outflows.
As a share of quarterly gross domestic product (GDP), the current account deficit improved to 14%, compared to 14.8% in the previous quarter and 20.3% in the first quarter of 2025.
