Frontier Markets: Namibia

Namibia’s fortunes may be about to change dramatically, as recent surveys have shown its offshore geology could rival the biggest oil discoveries of recent years. But even without its oil prospects, Namibia has quietly established itself as an attractive investment destination. A recent Bloomberg Markets study placed Namibia among the world’s 20 most attractive emerging markets from an investment standpoint.

 
 
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 (2015 estimate)

GDP (Purchasing Power Parity)

25 billion of International dollars (2015 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* 2015*      
5.7% 5.0% 4.3% 4.3% 4.5%      

*Estimate

GDP per capita - current prices

US$ 5,467 (2014 estimate)

GDP per capita - PPP

10,764 International Dollars (2014 estimate)

GDP (PPP) - share of world total
1980 1990 2000 2010 2015*
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% 5.6% 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% 25.5% 27.6%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2010 2011 2012 2013 2014*
-4.6% -6.6% -1.4% -4.7% -6.0%

*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