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About
Namibia
Namibia
is situated on the south western corner of Africa and covers an area of
approximately 824,000 km2. It achieved independence on 21 March 1990
after more than a century of first German and then South African rule.
Results from the latest population census conducted in 2001 puts the
total population at 1.8 million people.

Namibia's
current President is His Excellency Honourable Hifikepunye
Pohamba.Namibia's Constitution enshrines fundamental human rights and
freedoms including the right to own property, a fair trial, and free
speech. Four national elections have been held in 1989, 1994, 1999 and
2004. The Constitution has been changed once to allow President Nujoma
to stand for a third term of five years. Following the 2004 elections,
SWAPO held 55 of the 72 seats in Parliament with the Congress of
Democrats (5 seats), the Democratic Turnhalle Alliance (4 seats), the
National Unity Democractic Organisation (3 seats), the United Democratic
Front (3 seats), the Republican Pary (1 seat) and the Monitor Action
Group (1 seat) holding the rest.
Namibia
has three tiers of government: national, regional and local. The country
is divided into thirteen administrative regions. At the time of the 2001
Census, an estimated 43% of the total population lived in the Omusati,
Oshana, Ohangwena and Oshikoto regions in the north of the country.
Between 1994 and 2002 the Namibian
economy grew by an average of 3.4% a year. In 2002 Gross Domestic
Product (GDP) stood at N$30.1 billion (US$4.6 billion) implying an
average income of around N$15,751 (US$2,413) per person. This places
Namibia in the lower middle income group of countries according to the
World Bank. However, the most recent estimate of income distribution
made using data from 2003/04 showed Namibia to have one of the most
skewed in the world with a Gini coefficient of 0.604.
Namibia's
economy relies heavily on international trade with imports and exports
each totalling more than half of GDP in value. Major exports include
beef, meat products, diamonds, uranium, a wide variety of fish products,
and beer. Namibia is the world's fifth largest diamond producer by value
and is a leader in the field of offshore diamond mining. The country
also has a significant tourism industry based around its magnificent
wildlife and landscapes.
Namibia
is a member of the Common Monetary Area (CMA) with South Africa,
Lesotho, and Swaziland. This means that Namibia's monetary system is
closely linked to that of South Africa, an economy some forty times
larger. Namibia's currency, the Namibia dollar (NAD), circulates on par
with the South African Rand (ZAR) which is also legal tender. With
certain exceptions, money flows freely between the two economies and
common exchange controls are maintained with the rest of the world.
Namibia
also belongs to the Southern African Customs Union (SACU) with South
Africa, Lesotho, Swaziland, and Botswana. Goods and services can be
traded freely within this area and a common external tariff applies to
imports from outside.
Namibia
is also a member of the Southern African Development Community (SADC),
the African Union (AU), the Non-Aligned Movement (NAM) as well as the
World Trade Organisation (WTO), the World Bank and the International
Monetary Fund.
Key
indicators
| Indicator |
Value |
Year |
Source |
| GDP |
N$39.6
billion |
2005 |
Preliminary
National Accounts 2006 |
| GDP per
capita |
N$18874 |
2005 |
Bank
of Namibia |
| Average
GDP growth per annum |
4.7% |
2005 |
Preliminary
National Accounts 2006 |
| Average
per capita GDP growth per annum |
7.1% |
2005 |
Preliminary
National Accounts 2006 |
| Gini
coefficient |
0.701 |
2003/04 |
National
Household I/E Survey 2003/04 |
| Imports as
% of GDP |
51.1% |
2005 |
Preliminary
National Accounts 2006 |
| Exports as
% of GDP |
47.6% |
2005 |
Preliminary
National Accounts 2006 |
| Average
annual inflation rate |
7.3% |
2006 |
Bank
of Namibia |
| Average
annual exchange rate N$:US$ |
6.5274 |
December
2005 |
Bank
of Namibia |
| Average
prime lending rate |
13.5% |
June
2007 |
Bank
of Namibia |
| Government
revenue and grants as % of GDP |
29.6% |
2005 |
Bank
of Namibia |
| Government
expenditure as % of GDP |
33.1% |
2005 |
Bank
of Namibia |
| Budget
deficit as % of GDP |
1.5% |
2004/05 |
Budget
2006/7 |
| Government
debt as % of GDP |
32.0% |
2004/05 |
Budget
2006/7 |
| Population |
1,830,330 |
2001 |
Population
and Housing Census 2001 |
| Population
growth rate |
2.6% |
2001 |
Population
and Housing Census 2001 |
| Number of
economically active people |
608,610 |
2004 |
Labour Force Survey
2004
|
| Central
government employment |
85,024 |
December
2003 |
Labour
Force Survey 2004 |
| Unemployment
as % of economically active |
37% |
2004 |
Labour
Force Survey 2004 |
| Life
expectancy at birth |
52
years |
1997 |
UN
Human Development Report 1999 |
| Crude HIV
prevalence ratio in pregnant women |
22.0% |
2002 |
Report
of the 2002 National HIV Sentinel Survey MoHSS |
| Communal
land as % of total land area |
41% |
1994 |
National
Development Plan 1 |
| Commercial
land as % of total land area |
44% |
1994 |
National
Development Plan 1 |
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