06 Apr, 2020
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Namibia

Location Namibia AU Africa

We offer a data-driven country report for Namibia that explores inter alia population, international trading relationships, energy consumption, GDP growth, current account balances, and R&D investment. Additionally, CFI quotes from the Big Mac Index (courtesy of The Economist) which gives a rough idea of purchasing power parity. Other authoritative sources include The United Nations Conference on Trade and Development, The World Bank, and The International Money Fund. Visit us regularly for updates and new sources of key economic information on Namibia.[/vc_column_text][vc_column_text]

Its population in 2018 was 2,587,801 [1]

In 2015, 26.47% of its total energy
consumption was renewable [2]

In 2021, its GDP grew by 2.43% [2]

In 2021 it had a negative Current
Account Balance of US$bn 0.91 [3]

Its Expenditure on R&D (as a percentage of
GDP) in 2014 was 0.35% [2]

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What free trade areas or economic unions is it a member of?

Member of the African Continental Free Trade Area (AfCFTA) since 01/04/2019

Other members:

Benin, Burkina Faso, Cameroon, Chad, Congo, Côte d'Ivoire, Djibouti, Egypt, Equatorial Guinea, Eswatini, Ethiopia, Gabon, Gambia, Ghana, Guinea, Kenya, Mali, Mauritania, Niger, Nigeria, Rwanda, Sao Tome and Principe, Senegal, Sierra Leone, South Africa, Togo, Uganda, Western Sahara, Zimbabwe


What trade deals are there between African Continental Free Trade Area and other countries and economic unions?

None

Member of the Southern African Customs Union (SACU) since 01/01/1910

Other members:

Botswana, Eswatini, Lesotho, South Africa


What trade deals are there between Southern African Customs Union and other countries and economic unions?

SACU - EFTA free trade agreement (from 01/07/2006)

MERCOSUR - SACU partial scope agreement (from 01/04/2016)

UK - SACU+M trade agreement (from 01/01/2021)

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What trade deals are there with other countries and economic unions?

Namibia - Zimbabwe free trade agreement (from 30/04/1993)

Southern African Development Community (from 01/09/2000)

EU - Namibia (SADC) Economic Partnership Agreement (from 05/02/2018)

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Trade with the United Kingdom

Source: UK Office for National Statistics, October 2022.

Contains public sector information licensed under the Open Government Licence v3.0.

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