ECONOMIC INFORMATION

Population - 1.8m-

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Population growth - 1.47%

GDP (current US$) - $2.79bn (2002)

GDP per capita - $1,532

GDP per capita on a purchasing price parity basis - $4,448

GDP growth - 3.0% (2002)

Industrial production growth - n/a

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Inflation (12-month average) - 7.1% (2002)

Exports of goods and services as % of GDP - 47.7%

Top 3 export markets - UK, South Africa, Spain

Local currency (change vs. US$ Jan 1-Nov 26, 2003) - Dollar (29.7%)

WEF Growth Competitiveness ranking * - 52/102

WEF Business Competitiveness ranking ** - 55/95

Local industries - Meatpacking, fish processing, dairy products,

mining (diamond, lead, zinc, tin, silver, tungsten, uranium, copper)

Languages - English

GOVERNANCE

World Bank Governance Matters III ***

Political stability - 0.46

Government effectiveness - 0.18

Regulatory quality - 0.26

Rule of law - 0.45

Control of corruption - 0.21

Economic Freedom ranking - 52/165

UN Human Development Index ranking - 124/175

FDI INFORMATION

Region Sub-Saharan Africa

No. of projects (Jan-Sep 2003) - 4

Market-share of projects in the region - 1.7%

Value of projects relative to GNP - 36.4%

Top destination sectors - Metals & Mining, Textiles

Top 3 source countries - UK, Russia, Malaysia

Top 3 investors - Anglo-American, Ramatex, Alrosa

IPA Name - Namibia Investment Centre

Web address - www.grnnet.gov.na

Telephone +264 61 283 7254

* World Economic Forum Growth Competitiveness Ranking assesses an economy’s ability to grow consistently

** World Economic Forum Business Competitiveness Ranking assesses the microeconomic factors that contribute to economic growth

*** The score given is a deviation from the global mean score of zero. Ranged between –2.5 and +2.5, the higher the score, the better the performance

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