Namibia Economic Outlook

  • 2014 growth accelerated to 5.3% and should remain strong in coming years as new mines start production and exports grow.
  • Political stability and prudent fiscal management have made Namibia attractive for investment but it must boost quality of education and training to improve skills and enhance competitiveness.
  • Namibia must deepen reforms to get better value from agriculture and extend nonmineral diversification to create jobs and reinforce spatial inclusion.


Southern Africa Resource Center (SARC)

African Development Bank Group
339 Witch-Hazel Avenue
Highveld Ext. 78
Centurion, South Africa

Tel: +27 12 003 6900

Mr. Kennedy Mbekeani, Officer-in-Charge

Key Facts

Capital: Windhoek
Area: 824,000 sq km
Total Population 2015: 2.3 Million
Urban Population 2015: 39.53%
Female Population 2015: 51.45%
GDP: US$ 11.8 Billion
GNI Per Capita 2015: US$ 5,610
Inflation Rate: 5.76%
Crude Birth Rate (per 1000): 26.03%
Human Development Index (rank / 187): 128
Human Development Index (scale 0 to 1): 0.608
Membership Date: 06/05/1991
Cumulative Approvals (1967-2015): UA 637.0 Million

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