Economy of Namibia

Imports

Imports commoditiesfoodstuffs; petroleum products and fuel, machinery and equipment, chemicals

Exports

Exports commoditiesdiamonds, copper, gold, zinc, lead, uranium; cattle, processed fish, karakul skins

Economy sectors

Agriculture productsmillet, sorghum, peanuts, grapes; livestock; fish

Industrial productsmeatpacking, fish processing, dairy products, pasta and beverages; mining (diamonds, lead, zinc, tin, silver, tungsten, uranium, copper)

Economy

Inflation6.50 % (2012)5.00 % (2011)

Unemployment27.4 % (2012)19.8 % (2011)22.1 % (2010)

GDP - Official Exchange Rate12.3 Billion $ (2013)12.9 Billion $ (2012)12.5 Billion $ (2011)

GDP growth rate4.40 % (2013)5.00 % (2012)4.90 % (2011)

GDP per Capita (PPP)8,200 $ (2013)7,800 $ (2012)7,600 $ (2011)

GDP - Purchasing Power Parity17.8 Billion $ (2013)16.8 Billion $ (2012)16.2 Billion $ (2011)

GDP - Purchasing Power Parity of Namibia

GDP PPP per land area21,582 $ per square kilometer (2013)20,405 $ per square kilometer (2012)19,641 $ per square kilometer (2011)

Electricity

Electricity - installed generating capacity508 Thousand kW

Banking

Central bank discount rate5.50 % (2013)12.0 % (2010)7.00 % (2009)

Commercial bank prime lending rate9.25 % (2013)8.70 % (2012)8.73 % (2011)

Commercial bank prime lending rate of Namibia

GDP decomposition by sector

Agriculture % of GDP7.70 % (2013)7.90 % (2012)

Industry % of GDP29.6 % (2013)29.4 % (2012)

Services % of GDP62.6 % (2013)62.7 % (2012)

Tourism

International tourism, number of arrivals1.03 Million (2011)984 Thousand (2010)980 Thousand (2009)

Yearly Tourist arrivals to residents ratio47.8 % (2011)45.2 % (2010)45.7 % (2009)

Yearly Tourist arrivals to residents ratio of Namibia

Debt, Current Account Balance and Budget Deficit

Public debt (Percentage of GDP)27.2 % of GDP (2013)25.8 % of GDP (2012)26.8 % of GDP (2011)

Public debt (Percentage of GDP) of Namibia

Budget surplus (+) or deficit (-)-2.80 % of GDP

Current Account Balance (Percentage of GDP)-1.19 % of GDP (2011)0.95 % of GDP (2010)-1.40 % of GDP (2009)

Current Account Balance (Percentage of GDP) of Namibia

Current Account Balance (Total)-658.40 Million $ (2013)-414.00 Million $ (2012)-108.20 Million $ (2011)

Current Account Balance (Total) of Namibia

External Debt (Total)4.31 Billion $ (2013)4.29 Billion $ (2012)3.94 Billion $ (2011)

External Debt (Percentage of GDP)35.1 % of GDP (2013)33.3 % of GDP (2012)31.7 % of GDP (2011)

External Debt (Percentage of GDP) of Namibia

External Debt per Capita1,872 $ (2013)1,900 $ (2012)1,836 $ (2011)