- Economic growth recovered strongly in 2010 from the impact of the global economic crisis, but moderated in 2012. Despite the prevailing expansionary fiscal stance maintained by the government, the improvement in the fiscal deficit position in 2012 is mainly on account of large Southern African Customs Union (SACU) transfers.
- Namibia’s growth prospects for the medium-term remain favourable, but downside risks stemming from global uncertainties are elevated.
- Further efforts are required for Namibia to put in place stronger policies and strategies for managing its available mineral resources and promoting value addition of mining products in order to make growth more inclusive and increase the resilience of Namibia’s medium-term growth prospects.
Strategic Expansion of Walvis Bay Container Terminal
Grant- New Port of Walvis Bay Container Terminal Project
|Area:||824,000 sq km|
|Total Population 2012:||2.4 Million|
|Urban Population 2012:||39.20%|
|Female Population 2012:||50.27%|
|GDP:||US$ 12.1 Billion|
|GNI Per Capita 2012:||US$ 4,700|
|Crude Birth Rate (per 1000):||25.44%|
|Human Development Index (rank / 187):||128|
|Human Development Index (scale 0 to 1):||0.608|
|Cumulative Approvals (1967-2012):||UA 174.5 Million|