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General profile: Namibia

GENERAL INFORMATION FOR 2024
Exchange rate
Population
Population
Exchange rates
GDP
GDP
3.030 Millions
18.334 NAD/US$
13 254 Millions current US$
Land area¹
Land area
CPI growth (%)
CPI growth
GDP growth
GDP growth
(u) 823 290 km²
..
3.30 %
INTERNATIONAL MERCHANDISE TRADE
More data on UNCTADstat
+18.4 %
Merchandise exports growth rate in 2024
Total merchandise trade
(millions of US$)
2005
2010
2015
2024
Merchandise exports
2 070
4 026
4 067
6 544
Merchandise imports
2 577
(e) 5 570
7 697
8 882
Merchandise trade balance
-507
(e) -1 544
-3 630
-2 338
Export structure by product group in 2024
(as % of total exports)
33 %33 %18 %18 %5 %5 %24 %24 %20 %20 %
Top 5 partners in 2024
(exports, millions of US$)
1 2499779734823781 249977973482378
INTERNATIONAL TRADE IN SERVICES
More data on UNCTADstat
Total trade in services²
(millions of US$)
2005
2010
2015
2024
Services exports
411
678
878
1 288
Services imports
367
696
681
2 429
Services trade balance
44
-17
197
-1 141
Services exports by main category²
(as % of total services)
2005
2010
2015
2024
Transport
5.5
25.8
9.5
25.7
Travel
84.6
47.2
53.0
33.8
Other services
10.0
16.9
20.9
30.1
TRADE INDICES
More data on UNCTADstat
11797998694111168126102100105107100991008275777410710410010010610210310510410097919696919093109106
ECONOMIC TRENDS
More data on UNCTADstat
+3.3 %
Gross domestic product growth rate in 2024
Economic indicators
(millions of US$ unless otherwise specified)
2005
2010
2015
2024
GDP, current
7 248
11 431
11 335
13 254
GDP per capita, current US$
3 686
5 418
4 774
4 374
Real GDP growth, y-on-y, %
2.53
6.04
4.26
3.30
Current account balance, % of GDP
4.55
-3.92
-13.76
-14.49
Exchange rate (/US$)
6.377
7.330
12.882
18.334
GDP by expenditure in 2023
(as % of total GDP)
73.321.827.843.466.273.321.827.843.466.2
FDI AND EXTERNAL FINANCIAL RESOURCES
More data on UNCTADstat
+0.3 %
FDI outflows as % of GDP in 2024
Financial flows
(millions of US$ unless otherwise specified)
2005
2010
2015
2024
FDI inflows
385.24
283.80
888.00
2 063.00
FDI outflows
12.64
4.90
102.24
40.81
Personal remittances, % of GDP
..
0.61
0.41
1.08
Financial flows trends
(millions of US$)
142.7125.282.472.364.065.653.748.366.546.780.764.180.178.869.22 0632 3031 072851-146-1792092803568884417701 061817284841720733387385226149181365186FDI Inwards flowsFDI Inwards flowsFDI Inwards flowsMigrant's remittances receiptsMigrant's remittances receiptsMigrant's remittances receipts
TRADE IN GOODS AND SERVICES
More data on UNCTADstat
Trade balance indicators²
(as % and index)
2005
2010
2015
2024
Balance, % of GDP
-2.96
-12.52
-28.03
-31.02
Balance, % of imports
-7.98
-24.17
-45.19
-44.69
Normalized balance
-0.042
-0.137
-0.292
-0.288
Trade openness²
(sum of imports and exports as % of GDP)
1081109884798081809196100929086919697817771
LIVING AREA
Population by living area in 2024
(% of population)
Urban 56%Urban 56%Rural 44%Rural 44%
OTHER INDICATORS
More data on UNCTADstat
0.002 %
Share of the total world merchant fleet in 2024
Maritime transport indicators
 
2005
2010
2015
2024
Merchant fleet, national flag (thousands of DWT)
..
70
21
56
Container port throughput (TEU)
..
247 743
237 546
..
Information economy indicators
(as % of)
2005
2010
2015
2024
Share of ICT goods, % of total exports
0.54
0.51
0.58
0.08
Share of ICT goods, % of total imports
4.82
3.58
2.74
2.59
Share of workforce involved in the ICT sector
..
..
..
..
Source: UNCTADstat (http://unctadstat.unctad.org)
Notes:
1
Land area refers to the total area of a country excluding area under inland water bodies. It differs from the country area, that includes area under inland water bodies, but excludes offshore territorial waters.
2
Statistics presented correspond to the 6th edition of the IMF Balance of Payments and International Investment Position Manual (BPM6, 2009).
e
Estimated.
u
Estimated. Data refers to 2020.
Symbols for missing values:
0
Zero means that the amount is nil or negligible
..
No value reported or collected
_
Not applicable
...
Not available, including no quotation
#
Non-relevant calculation
-
Not publishable
***
Negative accumulation of flows; Value included in regional and global totals
Abbreviations & acronyms:
DWT:
Dead weight tons
FDI:
Foreign direct investment
GDP:
Gross domestic product
ICT:
Information and communication technology
TEU:
Twenty foot equivalent unit
US$:
United States dollar
Disclaimer:
The designations employed and the presentation of the material on UNCTADstat do not imply the expression of any opinion whatsoever on the part of the secretariat of the United Nations concerning the legal status of any country, territory, city or area, or of its authorities, or concerning the delimitation of its frontiers or boundaries.
Where the designations "economy" or "country or area" appear in texts or tables, they cover regions, countries, territories, cities or areas.

UNCTAD strives for the highest level of accuracy and is committed to promptly correcting any errors on its part. It does not guarantee or make any express or implied representations regarding the accuracy, reliability, correctness, fitness for use for a particular purpose, or otherwise, whatsoever, of any of the tables in UNCTADstat.
Generation date: 02 December 2025