What is the GDP of Namibia?

Namibia's GDP is approximately $13.4 billion USD. The GDP growth rate is 3.7%.

What is the population of Namibia?

Namibia has a population of approximately 3 million people. The population growth rate is 2.2%.

What is the inflation rate in Namibia?

The inflation rate in Namibia is 4.2%.

What is the unemployment rate in Namibia?

The unemployment rate in Namibia is 19.3%.

What is the GDP per capita of Namibia?

Namibia's GDP per capita is approximately $4,413 USD.

Is Namibia a good country to invest in?

Namibia has an investment score of 50/100, classified as "Moderate" risk. Key sectors include Mining (Uranium, Diamonds), Tourism, Agriculture. Credit rating: NR.

How open is Namibia's economy to trade?

Namibia's trade openness (trade as % of GDP) is 110%. Exports total approximately $5.6B and imports $9.1B.

How much foreign investment does Namibia attract?

Foreign direct investment (FDI) in Namibia is 14.8% of GDP. This indicates strong foreign investor interest.

What are the main economic sectors in Namibia?

Namibia's economy is composed of services (54% of GDP), industry (29% of GDP), and agriculture (7% of GDP).

Can I start a business in Namibia as a foreigner?

Namibia offers various options for foreign entrepreneurs. Visit our business setup guide for Namibia for detailed information on entity types, registration steps, costs, tax rates, and foreign ownership rules.

Is Namibia's economy growing?

Namibia's GDP growth rate is 3.7%. This is above the global average, indicating strong economic momentum.

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Namibia Economy Overview

Name: Namibia Economic Data
Creator: NationsData
License: https://datacatalog.worldbank.org/public-licenses#cc-by

Sub-Saharan AfricaUpper MiddleCapital: WindhoekNAM

Moderate

Growing

13.4B USD

GDP (Nominal)

Growing at 3.7%

$4,413

GDP Per Capita

Middle income level

Population

+2.2% annual growth

High

4.2%

Inflation

Moderate

110%of GDP

Trade Openness

Strong

14.8%of GDP

FDI Inflows

Public Debt

High

19.3%

Unemployment

Deficit

-$3.5B

Trade Balance

GDP

Billion USD, nominal

$13.4B

2024+1.0B

GDP Growth

Annual %

3.7%

2024-0.7%

Inflation

Consumer prices, annual %

4.2%

2024-1.7%

Population

Millions

2024+0.1M

Economic Structure

Services54%

Industry29%

Agriculture7%

Investment Score Breakdown

Economic Health (30%)48

Political Safety (25%)65

Business Climate (20%)52

Financial Strength (15%)45

Growth Potential (10%)42

Key Sectors

Mining (Uranium, Diamonds)

12% of GDP

growing

Tourism

5% of GDP

growing

Agriculture

5% of GDP

stable

Fisheries

4% of GDP

stable

Should I Invest in Namibia?

HoldSetup: ModerateROI: Moderate

Namibia scores 50/100 on the NationsData Investment Index, rated "Moderate". Growth is healthy at 3.2%.

Investment Score50/100

GDP Growth3.2%

Inflation5.5%

FDI/GDP3.5%

Public Debt70%

Political Stability0.7

Strengths

+Good political stability and rule of law
+Healthy GDP growth at 3.2%

Risks

-Elevated inflation (5.5%) - factor into pricing strategy
-Elevated public debt (70% of GDP)
-Large current account deficit (-5%) - currency depreciation risk

Also Consider

Cabo Verde

Same region, similar income level, faster growth (4.8%)

Cote d\'Ivoire

Same region, similar income level, faster growth (6.5%)

South Africa

Same region, similar income level

Djibouti

Same region, similar income level, faster growth (5.5%)

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