NAMIBIA

Commodity driven economy faces multiple crises

C4

HIGH RISK for enterprise

  • Economic risk

  • Business environment risk

  • Political risk

  • Commercial risk

  • Financing risk

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GDP USD 10.267bn (World ranking 131, World Bank 2016)
Population 2.48 million (World ranking 141, World Bank 2016)
Form of state Republic
Head of government Hage GEINGOB 
Next elections 2019, presidential and legislative
  • Stable democracy since independence in 1990, with successful transitions following elections.
  • Close association with South Africa through customs and monetary unions.
  • Natural resource base includes substantial diamond deposits (including offshore).
  • Manageable external debt ratios.
  • Land reform program is a policy priority and there are lingering concerns that it may yet spiral into a Zimbabwe-style land–grab.
  • Strong links with South Africa engender dependence.
  • Limited economic diversification - overinvestment in mining took its toll.
  • Small population with a high proportion of HIV/AIDS infections and limited arable land area.
  • Poverty and unemployment remain high.
  • Volatile fiscal and current accounts.

Trade structure by destination/origin

(% of total)

Exports Rank Imports
Botswana 17%
1
57% South Africa
South Africa 15%
2
10% Botswana
Switzerland 11%
3
4% China
Belgium 6%
4
3% Zambia
Zambia 6%
5
3% United States

Trade structure by product

(% of total)

Exports Rank Imports
Non metallic mineral manufactures, n.e.s. 23%
1
12% Petroleum, petroleum products and related materials
Non-ferrous metals 15%
2
10% Non metallic mineral manufactures, n.e.s.
Fish, crustaceans, molluscs and preparations thereof 14%
3
9% Road vehicles
Metalliferous ores and metal scrap 14%
4
6% Other transport equipment
Gold, non-monetary (excluding gold ores and concentrates) 5%
5
4% Non-ferrous metals

Contact

Contact Euler Hermes

Economic Research Team

research@eulerhermes.com

Contact Stéphane Colliac

Senior Economist for Africa and France

Stéphane.Colliac@eulerhermes.com

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