Namibia Economy

By: EconomyWatch   Date: 30 June 2010

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Namibia is a lower middle-income country comes under Sub Saharan African region, according to the classification made by the World Bank on the basis of income and region for the year 2006. The country has a total surface area of 824.3 thousand square kilometers as in 204 with a forest area of 80,330 square kilometers in 2000.

 

Namibia Economy Social Indicators

The country has total population of 2.0 millions as of the year 2004 with an annual growth rate of 1.2 percent in the same year.

Population Growth(Annual %)

 

 

The following table shows the demographic and social indicators of the country over the years.

Social Indicators 2000 2003 2004
Population, total 1.9 million 2.0 million 2.0 million
Population growth (annual %) 2.2 1.3 1.2
Life expectancy at birth, total (years) 52.3 48.0 47.5
Fertility rate, total (births per woman) 4.3 3.9 3.8
Mortality rate, infant (per 1,000 live births) 50.0 .. 46.8
Mortality rate, under-5 (per 1,000) 69.0 .. 63.4

Economic Indicators Of Namibia Economy

 

GDP Growth (Annual %)

 

Mining and mineral products exports have made the country's economy stronger in the recent years. Important economic indicators of the country over the years are as follows:

Econmic Indicator 2000 2003 2004
GNI, Atlas method (current US$) 3.5 billion 3.9 billion 4.8 billion
GNI per capita, Atlas method (current US$) 1,870.0 1,990.0 2,380.0
GDP (current US$) 3.4 billion 4.5 billion 5.7 billion
GDP growth (annual %) 3.5 3.5 6.0
Inflation, GDP deflator (annual %) 10.7 -0.6 2.9

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