Namibia

Namibia Economic Outlook

  • Namibia’s GDP growth slowed slightly from 5% in 2012 to 4.2% in 2013, pulled down by the negative impact of drought conditions and a weak global demand for mineral exports.
  • The fiscal deficit is projected to increase in 2014 and 2015 because of the sustained expansionary fiscal policy.
  • Namibia’s growth prospects look promising, but downside risks associated with the global and South African economic outlook remain high.

Contacts

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. Ebrima Faal, RRC Director


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Key Facts

Flag:
Capital: Windhoek
Area: 824,000 sq km
Total Population 2013: 2.3 Million
Urban Population 2013: 39.53%
Female Population 2013: 51.45%
GDP: US$ 11.8 Billion
GNI Per Capita 2013: 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 (1967-2013): UA 373.9 Million

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