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This paper investigates macroeconomic determinants of the balance of payments in Namibia for the period 1999 to 2009. The investigation was conducted through cointegrated vector autoregression methods. The investigation reveals that fiscal balance, GDP and interest rate are the main determinants of balance of payments in Namibia. Increase in GDP and interest rate causes an improvement in the balance of payments. The positive effect of GDP on balance of payments suggests that expansion of exportdoi:10.5539/ijbm.v7n3p173 fatcat:3ycpgcrvsjcnbdczoxrlmuei4i