Economy of Namibia

Gross Domestic Product 2012[i]

GDP (purchasing power parity): $16.84 billion

GDP real growth rate: 4%

GDP per capita (PPP): $7,800

GDP composition by sector 2012[ii]

Agriculture: 7.3%

Industry: 34.3%

Services: 58.4%

Inflation: 6%[iii]

Currency: Namibian dollar (NAD); South African rand (ZAR)

Business Languages

The commercial languages include the following;

  • English
  • Afrikaans
  • German

Transport

The key means of transport in Namibia include road transport which is regarded as one of the best in the country covering 44,500 kilometres, Railways which is operated by TransNamib covers 2,382 kilometres, Ports and harbours and Airport transport.

Energy

The Major sources of energy in Namibia are petroleum, hydropower, imported electricity and coal. The 57 % of population use traditional solid fuels in residential sector for heating, light and cooking.

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Challenges in Namibia

  • Poor primary health care services
  • Inadequate infrastructures
  • High rate of unemployment
  • Low productivity in order to increase income level

About The Author

John Muhaise-Bikalemesa (JMB), is the founder of Muhaise.com blog and bigdrumassociates.com company. Learn more about him here and connect with him on his social medias below

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