Oil And Gas Exploration In Namibia To Bolster Import Demand Over Coming Quarters
Country Risk / Namibia / Fri 29 Dec, 2023
Key View
- We expect that Namibia’s current account deficit will narrow from 13.0% of GDP in 2022 to 12.5% in 2023 as the import bill declines more sharply than export receipts.
- We see the deficit remaining stable at 12.5% of GDP in 2024, as a further improvement in the trade balance is offset by rising services imports related to oil and