Economy of Namibia

  • Agriculture: 9.2%
  • Industry: 34.8 %
  • Services: 56% ( 2009)

Namibia has a largely market-oriented economic system. The main economic activities are mining, fishing, fish processing, agriculture and tourism.

Generally

Since the country's independence from the Republic of South Africa in 1990 also trade and modern services greatly contribute to the economic strength of the country. In addition, the development assistance is a supportive source of income, with Germany by governmental and non -governmental organizations with about 20 million € / year one of the major donor countries.

686,000 of the approximately two million inhabitants of the country are employed ( as of 2008). Namibia also has one of the densest and most developed road networks in Africa and with the port of Walvis Bay and the port of Lüderitz two modern harbors. A good railway network completes the infrastructure foundations.

Mining

With a share of 20 percent of GDP and 50 percent of exports, mining is the main industry in Namibia. Especially the rich diamond ( Namdeb ) and uranium ore deposits ( Rössing Mine ) make Namibia one of the world's leading raw materials in these mining nations. Further research and production of natural gas ( Kudu gas field ) is the development of energy resources.

In addition the winning drying of, inter alia, the following minerals: lead, gold, copper, magnesium, silver, and zinc as well as a number of industrial minerals and gemstones.

Telecommunications, transport, finance, tourism

Namibia has a South African and fair infrastructure and services with Windhoek, Swakopmund and the north -lying urban and industrial areas as the biggest economic centers.

  • Telecom Namibia has a wide telecommunications system expanded ( with 138,100 fixed-network, mobile network 800 300 and 101 000 Internet connections; 2008),
  • Air Namibia offers scheduled flights to many national, regional and international airports; and 129 airports in many parts of the country. International air traffic runs via an airport in Windhoek and Walvis Bay International Airport.
  • Namibia Stock Exchange was due to the mature and healthy economic structure of Africa 's second most important market develop ( according to the Johannesburg Stock Exchange ).

International tourism is a major industry in Namibia and is strongly increasing importance. Namibia has numerous and unique landscape and nature parks: Safaris, Lodges ( guest farms ) as well as ecologically sustainable incentive trips. And urban areas are reinforced included in the development of tourism, may have so that previously disadvantaged groups in the positive development part. In 2008 more than 920,000 people visited Namibia.

Foreign trade

Main trading partner is South Africa.

Namibia is a member of the World Trade Organization ( WTO), the Southern African Development Community ( SADC) and the Southern African Customs Union (SACU ) ( other members of SACU: Swaziland, Lesotho, South Africa and Botswana ). The accounting units SACU require a de facto monetary union. Is particularly relevant that trade goods Namibia can be handled in South African ports by Customs of the Republic of South Africa by the Agreement.

Foreign-exchange reserves Namibian dollar Gross domestic product Mining in Namibia Tourism in Namibia Economy of Africa Economy of Djibouti Economy of Eritrea Economy of Gabon Economy of Guinea Economy of Madagascar Economy of Nigeria Economy of Zambia Economy of Senegal Economy of Zimbabwe Economy of Somalia Economy of Sudan Economy of Tanzania
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