Source
Central bank

Bank of Namibia

International Reserves

US$ 1.511 billion (Source: World Bank; Data updated: 2013)

Gross Domestic Product - GDP

US$ 13 billion (2014 estimate)

GDP (Purchasing Power Parity)

19 billion of International dollars (2014 estimate)

Real GDP growth
2003 2004 2005 2006 2007 2008 2009 2010
4.3% 12.3% 2.5% 7.1% 5.4% 3.4% -1.1% 6.3%
2011 2012 2013 2014*        
5.7% 5.0% 4.3% 4.3%        

*Estimate

GDP per capita - current prices

US$ 6,079 (2014 estimate)

GDP per capita - PPP

$8,603 International Dollars (2014 estimate)

GDP (PPP) - share of world total
1980 1990 2000 2010 20114*
N/A 0.02% 0.02% 0.02% 0.02%

*Estimate

 
 
Source
GDP - composition by sector
  • agriculture: 7.7% 
  • industry: 29.6% 
  • services: 62.6% (2013 estimate)
Gross domestic expenditure on R&D; (% of GDP)

N/A

 

Inflation
2011 2012 2013 2014*
5.0% 6.5% 6.2% 5.9%

*Estimate

Unemployment rate
2011 2012 2013 2014*
N/A N/A N/A N/A

*Estimate

Household saving rates

N/A

 

Public debt (General government gross debt as a % of GDP)
2010 2011 2012 2013 2014*
15.7% 22.9% 24.4% 26.6% 27.4%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2010 2011 2012 2013 2014*
-4.6% -6.6% -1.3% -4.7% -2.0%

*Estimate   

Government bond ratings

Standard & Poor's: N/A

Moody's rating: Baa3

Moody's outlook: STA

(Foreign Currency Government Bond Ratings; Data last updated Sept 2014)

Market value of publicly traded shares
2010* 2011 2012**
US$1.176 billion US$1.152 billion US$1.305 billion

*2010 Estimate     **2012 Estimate

Largest companies in Namibia

N/A

 
 
Source
Current account balance

US$ -674 million (2014 estimate)

Current account balance by percentage of GDP

-5.062% of GDP (2014 estimate)

Exports as percent of GDP(Exports of goods and services)

43.9% (2013)

(Data released on Oct 2014)

Shares in world total merchandising export

0.02% (2012)

(Data were released in March 2014)

Shares in world total commercial services export

0.02% (2012)

(Data were released in 2014)

Total exports

US$ 5.124 billion (2013 estimate) 

Export commodities

diamonds, copper, gold, zinc, lead, uranium; cattle, white fish and mollusks

Total imports

US$ 7,084 billion (2013 estimate) 

 
 
Source
Import commodities

foodstuffs; petroleum products and fuel, machinery and equipment, chemicals

Exports - major partners

N/A

Imports - major partners

N/A

FDI inflows
2011 2012 2013
US$ 816 million US$ 861 million US$ 699 million
FDI outflows
2011 2012 2013  
US$ 5 million US$ -6 million US$ -8 million  
Value of cross-border M&A;, by country of purchaser
2010 2011 2012 2013
US$ 0 million US$ 0 million US$ 0 million US$ 0 million
Cross-border M&A; deals worth over $3 billion completed in 2012(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 2013(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A

(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 - 189. A high ranking means the regulatory environment is more conducive to the starting and operation of a local firm.

Overall ranking: 98 out of 189 countries (2013)

Subcategories:

Starting a business: 132 out of 189 countries

Enforcing Contracts: 69 out of 189 countries

Registering Property: 178 out of 189 countries

Getting credit: 55 out of 189 countries

Protecting investors: 80 out of 189 countries

Trading across border: 141 out of 189 countries

Paying Taxes: 114 out of 189 countries

Dealing with Construction Permits: 31 out of 189 countries

Getting Electricity: 72 out of 189 countries

Resolving Insolvency: 85 out of 189 countries

(2013)

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

88

(2014-2015)

 

 

Index of Economic FreedomWSJ and Heritage Foundation

Ranking: 94 Score: 59.4 (Mostly Unfree) (2014)

(100=totally free 0=totally repressed )

 
 
Source
Time zone

UTC+1

Total area

824,292 sq km

Capital

Windhoek

Currency

Namibian dollars (NAD)

Government type

republic

Languages

Oshiwambo languages 48.9%, Nama/Damara 11.3%, Afrikaans 10.4% (common language of most of the population and about 60% of the white population), Otjiherero languages 8.6%, Kavango languages 8.5%, Caprivi languages 4.8%, English (official) 3.4%, other African languages 2.3%, other 1.7%

Religions

Christian 80% to 90% (Lutheran 50% at least), indigenous beliefs 10% to 20%

Total population
1990 2000 2010 2014* 2019**
1.345 million 1.828 million 2.12 million 2.192 million 2.284 million

*Estimate    **Forecast

 
 
Source
Urban population as % of total population
1960 1980 2000 2013
17.9% 25% 32% 45%
Population median age

22.8 years (2014 est.)

Population growth rate

0.67% (2014 est.)

Life expectancy

51.85 years  (2014 est.)

Adult literacy

88.8% (2010 estimate)

% of population living on less than $2 a day

43.2% (2010)

Inequality of wealth distribution (Gini index)

61.3 (2010)
(0=perfect equality, 100=absolute inequality)

Freedom House rating

Political Rights: 2
Civil Liberties: 2 (2014)

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

Total telephone subscribers as % of population

Fixed  8.0%   Mobile  110.2% (2013)
(fixed-telephone subscribers and mobile-cellular subscribers)

Internet users as % of total population

13.90% (2013)

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 210th (2014)

CO2 emissions(Metric tons of CO2 per capita)

1.5 (2010)

World's Best Developed & Emerging Markets Banks

World’s Best Treasury & Cash Management Providers

World's Best Subcustodian Banks

World's Best Banks By Region

World's Best Banks

2013

Best of…

Additional Awards