Institute for Public Policy Research
home About IPPR Publications Database About Namibia Links

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

 

 

 


© IPPR 2008

14 Nachtigal Street PO Box 6566 Ausspannplatz Windhoek Namibia +264 61 240514 Fax +264 61 240516 info@ippr.org.na  www.ippr.org.na

Incorporated Association Not for Gain Registration Number 21/2000/468

Trustees: M M C Koep, D Motinga, P Hailonga van Dijk, G Hopwood (ex-officio), R C D Sherbourne,  W Lindeke, A du Pisani