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Namibia

Namibia Economic Outlook

Real GDP, which peaked at 6.1% in 2015, contracted by an estimated 1.0% in 2019, following a 0.5% contraction in 2018. Aggregate demand fell sharply in 2016 and 2017 as the government began fiscal consolidation to correct growing imbalances from high public spending and falling revenues from the Southern African Customs Union (SACU).

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Key Facts

Flag:
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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Contacts

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

Mr Kapil Kapoor, Director General