Oshiwambo languages 49.7, Nama/Damara 11, Kavango languages 10.4, Afrikaans 9.4, Herero languages 9.2, Zambezi languages 4.9, English, other African languages 1.5, other European languages 0.7, other 1
Economic Overview
Key economic indicators for Namibia
GDP:
$29.944 billion
GDP per Capita:
$10,100
GDP Growth:
4.16%
Inflation:
5.88%
Unemployment:
19.42%
Public Debt:
4.64% of GDP
Credit Rating:
BB (2019)
Political System
Governance structure of Namibia
Government Type:
presidential republic
Head of State:
Acting President Nangolo MBUMBA (since 4 February 2024)
Head of Government:
Acting President Nangolo MBUMBA (since 4 February 2024)
Judiciary:
Supreme Court (consists of the chief justice and at least 3 judges in quorum sessions)
Administrative Divisions:
14 regions; Erongo, Hardap, //Karas, Kavango East, Kavango West, Khomas, Kunene, Ohangwena, Omaheke, Omusati, Oshana, Oshikoto, Otjozondjupa, Zambezi; note - the Karas Region was renamed //Karas in September 2013 to include the alveolar lateral click of the Khoekhoegowab language
Major Political Parties
Not specified
International Relations
Global position and alliances
UN Member:
Yes
EU Member:
No
Diplomatic Presence:
1605 New Hampshire Avenue NW, Washington, DC 20009
Major Alliances and Organizations
AU
Economic Sectors & Trade
Detailed economic breakdown
Major Economic Sectors
Agriculture
7.7% (2023 est.)
Industry
30% (2023 est.)
Services
53.4% (2023 est.)note: figures may not total 100% due to non-allocated consumption not captured in sector-reported data
Trade Volume
Exports:
$5.691 billion
Imports:
$8.283 billion
Major Trading Partners
South Africa 27
China 12
Botswana 8
Belgium 7
France 5
Economic Outlook
Namibia has a 4.16% GDP growth rate with 5.88% inflation. The economy is characterized by a strong agriculture sector.