Overview
• The Namibian economy is dependent on the extraction and processing of minerals for export. The mining sector accounts for 20% of GDP. Although the per capita GDP is five times the per capita GDP of Africa's poorest countries, the majority of Namibians live in pronounced poverty due to large-scale unemployment and inequality of income distribution. The Namibian economy is closely linked with the South African.

GDP
• US$ 3.1 bn. (2001estimate)
GDP - Real Growth Rate
• 4% (2001 estimate)
GDP - Per Capita
• N$ 11,736.
GDP - Composition by Sector
• Agriculture: 11.3%
• Industry: 32.7%
• Services: 55.9% (2001 estimate)

Inflation Rate
•8.8% (2001)


Main Sectors
• Mining, fishing, tourism and agriculture


Fastest Growing Sector
• Tourism


Largest Employer
• Agriculture 46%


Labour Force
• 500,000


Labour Force by Occupation
• Agriculture: 47%
• Industry: 20%
• Services: 33% (1999 estimate)

Unemployment Rate
• 30 - 40% including underemployment (1997 estimate)

Budget
• Revenues: NAD 11,2bn
• Expenditure: NAD 12,2bn

Public Debt
• 27.9%

Industries
• Meat packing
• Fish processing
• Dairy products
• Mining

Agricultural Products
• Millet, sorghum, peanuts, livestock, fish.

Exports (US$ millions: 2001)
• Total exports (fob): 1,367
• Diamonds: 560
• All minerals except diamonds: 199
• Manufacturing: 301

Export Commodities
• Diamonds, copper, gold, uranium, zinc, lead, cattle, processed fish, karakul skins.

Export Partners
• United Kingdom 43%, South Africa (26%), Spain 14%, France 8%, Japan (1998 estimate)

Imports (US$ millions: 2001)
• Total imports (cif): 1,610
• Food: 344
• Fuel and energy: 95
• Capital goods: 534

Import Commodities
• Foodstuffs, petroleum products and fuel, machinery and equipment, chemicals.

Import Partners
• South Africa 81%, United States 4%, Germany 2% (1997 estimate)

Currency
•Namibian Dollar (NAD), linked to the South African Rand (ZAR)