Namibia: Economy

Economic Trivia

Mining accounts for more than half of foreign exchange earnings.

Trade Source: United Nations Comtrade
Note: Top 3 trade partners are calculated by imports + exports.

Top 3 Trade Partners (2014): South Africa, Botswana, and South Korea
Top 3 Exported Goods (2014): Precious Stones & Metals, Ships & Boats, and Ores

Top Industries Source: CIA World Factbook

Meatpacking; Fish Processing; Dairy Products; Pasta and Beverages

Gross Domestic Product (GDP) Source: The World Bank

GDP, PPP (current international) $25,606,197,768 (2015)
GDP Growth Rate (annual %) 5.664% (2015)
GDP Per Capita, PPP (current international) $10,414 (2015)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 130/193 (2015)

Economic Indicators Source: The World Bank

Inflation, consumer prices (annual %) 3.406% (2015)
External debt stocks, total (DOD, current US$) Data unavailable
Total tax rate (% of commercial profits) 21.3% (2015)
Real Interest Rate (5 year average %) 9.255% (2015)
Manufacturing, value added (% of GDP) 9.192% (2015)
Current Account Balance (BoP, current US$) ($1,459,940,830) (2015)
Click on a row to display its 5-year graph on the right.

Labor and Employment Source: The World Bank

Labor Force, Total 901,859 (2014)
Employment in Agriculture (% of total employment) 31.4% (2013)
Employment in Industry (% of total employment) 14.4% (2013)
Employment in Services (% of total employment) 54.2% (2013)
Unemployment Rate 18.6% (2014)
Click on a row to display its 5-year graph on the right.
Imports of goods and services (current US$) $7,805,329,889 (2015)
Exports of goods and services (current US$) $5,069,282,235 (2015)
Total Merchandise Trade (% of GDP) 92.628% (2014)
FDI, net inflows (BoP, current US$) $1,060,290,755 (2015)
Commercial Service Exports (current US$) $1,021,079,284 (2014)
Click on a row to display its 5-year graph on the right.

How to interpret the graph: The purpose of this graph is to take a snapshot of a country’s economy in comparison to other economies. For example, Namibia’s Exports rank is higher than (please wait...) of the countries in the dataset. For Exports, FDI and GDP measures, a higher rank (closer to 100%) indicates a stronger economy. Conversely, for Unemployment and Inflation, a lower rank (closer to 0%) indicates a stronger economy.

Due to unavailable data the following indicators have been omitted:
  • Exports
  • FDI, net inflows
  • GDP Growth Rate
  • GDP Per Capita
  • Inflation
  • Unemployment

Glossary