Namibia Economic Outlook

  • Growth moderated to 4.4% in 2015 on the back of low global commodity prices and should remain subdued in 2016 as fragile external demand dims the outlook.
  • Political stability and sound macroeconomic management are promoting investor confidence but education and skills must improve to achieve a more competitive and inclusive economy.
  • The public housing programme will need to be complemented with accelerated urban infrastructure development and further strengthening of rural growth centres to create more rural jobs and contain rapid rural to urban migration.

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Key Facts

Capital: Windhoek
Area: 824,000 sq km
Total Population 2017: 2.6 Million
Urban Population 2017: 73.50%
Female Population 2017: 49.70%
GDP: US$ 10.2 Billion
GNI Per Capita 2015: US$ 5,210
Inflation Rate: 6.00%
Crude Birth Rate (per 1000): 28.50%
Human Development Index (rank / 188): 125
Human Development Index (scale 0 to 1): 0.640
Membership Date: 06/05/1991
Cumulative Approvals (1967-2016): UA 637.4 Million

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Southern Africa Regional Development and Business Delivery Office

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

Tel: +27 12 003 6900