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