Namibia


Namibia Country Report: GDP data and GDP forecasts; economic, financial and trade information; the best banks in Namibia; country and population overview

DATA ON GDP AND ECONOMIC INFORMATION
Central bank Bank of Namibia
International Reserves US$ 1.787 billion (Source: IMF; Data updated: 2012)
Gross Domestic Product - GDP US$ 12.72 billion (2009 estimate)
GDP (Purchasing Power Parity) 16.587 billion of International dollars (2009 estimate)
Real GDP growth
2001 2002 2003 2004 2005 2006 2007 2008
1.2% 4.8% 4.3% 12.3% 2.5% 7.1% 5.4% 3.4%
2009 2010 2011 2012*
-0.4% 6.6% 3.6% 4%

*Estimate

GDP per capita - current prices US$ 5,901 (2008 estimate)
GDP per capita - PPP $7,694 International Dollars (2008 estimate)
GDP (PPP) - share of world total
1980 1990 2000 2010 2015**
N/A 0.02% 0.02% 0.02% 0.02%

**Forecast

GDP - composition by sector
  • agriculture: 7.1% 
  • industry: 34.4% 
  • services: 58.5% (2011 estimate)
  • (Data released on February 2012)

Gross domestic expenditure on R&D (% of GDP) N/A

(Data released on March 2012)

Inflation
2009 2010 2011 2012*
8.8%(2008) 4.5% 5.8% 6.7%

*Estimate

Unemployment rate
2009 2010 2011 2012*
N/A N/A N/A(2009) N/A

*Estimate

Household saving rates N/A

(Data released on December 2011)

Public debt (General government gross debt as a % of GDP)
2008 2009 2010 2011 2012*
17.7% 15.9% 15.7% 21.9% 25.3%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2008 2009 2010 2011* 2012**
2.6% -1.1% -4.8% -7.9% -5.4%

*Estimate    **Forecast

Government bond ratings

Standard & Poor's: N/A

Moody's rating: Baa3

Moody's outlook: STA

(Foreign Currency Government Bond Ratings; Data last updated Dec 2011 and Nov 2012)

Market value of publicly traded shares
2009 2010 2011
US$846.3 million US$1.176 billion US$1.152 billion
Largest companies in Namibia N/A
DATA ON TRADE AND COMPETITIVENESS
Current account balance US$ -562 million (2009 estimate)(After 2008)
Current account balance by percentage of GDP -4.4% of GDP (2009 estimate)(2009)
Exports as percent of GDP

(Exports of goods and services)

38.9% (2010)

(Data released on April 2012)

Shares in world total merchandising export 0.02%(2007)

(Data were released in 2012 and refer to 2011)

Shares in world total commercial services export 0.02% (2011)(2007)

(Data were released in 2012)

Total exports US$4.657 billion (2012 estimate) 
Export commodities diamonds, copper, gold, zinc, lead, uranium; cattle, processed fish, karakul skins
Total imports US$5.762 billion (2012 estimate) 
Import commodities foodstuffs; petroleum products and fuel, machinery and equipment, chemicals
Exports - major partners N/A
Imports - major partners N/A
FDI inflows
2009 2010 2011
US$552 million US$712 million(2009) US$900 million(2009)
FDI outflows
2009 2010 2011
US$-3 million US$5 million US$-3 million
Value of cross-border M&A, by country of purchaser
2008 2009 2010 2011
N/A N/A(2009) N/A(2009) N/A
Cross-border M&A deals worth over $3 billion completed in 2010

(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A

(for a monthly update on M&A click here )

Cross-border M&A deals worth over $3 billion completed in 2011

(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A(2008 estimate)

(for a monthly update on M&A click here )

Best countries for doing business

World Bank/IFC Doing Business Project

(Economies are ranked on their ease of doing business, from 1 - 185. A high ranking means the regulatory environment is more conducive to the starting and operation of a local firm.)

Overall ranking: 87 out of 185 countries(2009) (2013)

Subcategories:

Starting a business: 133 out of 185 countries(2009)

Enforcing Contracts: 41 out of 185 countries

Registering Property: 169 out of 185 countries

Getting credit: 40 out of 185 countries

Protecting investors: 82 out of 185 countries

Trading across border: 140 out of 185 countries

Paying Taxes: 112 out of 185 countries

Dealing with Construction Permits: 56 out of 185 countries

Getting Electricity: 87 out of 185 countries

Resolving Insolvency: 59 out of 185 countries

(2013)

Global competitiveness ranking
(ranking by country on a basis of 144, the first is the best)
92

(2012)

Index of Economic Freedom

WSJ and Heritage Foundation

Ranking: 76 Score: 61.9 (Moderately Free) (2009)

(100=totally free 0=totally repressed )

COUNTRY AND POPULATION OVERVIEW
Time zone UTC+1
Total area 824,292 km2 (2006)
Capital Windhoek (2009)
Currency Namibian dollars (NAD) (2009)
Government type republic (2009)
Languages English 7% (official), Afrikaans common language of most of the population and about 60% of the white population, German 32%, indigenous languages 1% (includes Oshivambo, Herero, Nama)
Religions Christian 80% to 90% (Lutheran 50% at least), indigenous beliefs 10% to 20%
Total population
1980 1990 2000 2012* 2017**
N/A 1.35 million 1.83 million 2.16 million 2.25 million

*Estimate    **Forecast

Urban population as % of total population
1960 1980 2000 2011
17.9% 25.1% 32.4% 38.4%
Population median age 21 years (2010)
Population growth rate 1.8% (2011)
Life expectancy 62 years (2010)
Adult literacy 89% (2005/2010)
% of population living on less than $2 a day 62.20% (2011)
Inequality of wealth distribution (Gini index)

63.9 (2004)

(Data were released in 2011, 0=perfect equality, 100=absolute inequality)

Freedom House rating

Political Rights:2
Civil Liberties:2 (2011)

(1 represents the most free, 7 the least free)

Total telephone subscribers as % of population

110.98% (2011)

(sum of fixed telephone lines and mobile cellular subscribers)

Internet users as % of total population 12% (Data were released in 2012 and refer to 2011)
Cost of living - Mercer index

(ranking by city on a basis of 214; the 1st is the most expensive and the 214th is the least expensive)

Windhoek: 198th (2011)

CO2 emissions
(Metric tons of CO2 per capita)

1.5994 (Data were released in 2012 and refer to 2009)

GLOBAL FINANCE RANKINGS AND AWARDS

WORLD'S BEST EMERGING MARKET BANKS

2012:
  • COUNTRY WINNERS Standard Bank Namibia (Global, 2012)
2011:
  • COUNTRY WINNERS Standard Bank Namibia (National, 2011)
2010:
  • COUNTRY WINNERS Standard Bank Namibia (Global, 2010)
2009:
  • COUNTRY WINNERS Standard Bank Namibia (Global, 2009)
ARTICLES AND COUNTRIES REPORTS FROM GLOBAL FINANCE ARCHIVE