International Trade in Namibia

International Trade in Namibia

The Namibian economy slowed down significantly following the beginning of the recession, which has lead to a decline in the mining sector demand, as well as in tourism. After shrinking by 0.8% in 2009, growth became again positive in 2010, reaching 4.4% and should become more stable in the... Read more

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Import and Export Services in Namibia (71)

  • MARS EXIM PVT LTD

    MARS EXIM PVT LTD

    Direct Marketing, Namibia

    Our company is Govt. of India Recognized Export House .Our main line of products are Light engineering goods which includes : •...
  • Pronto Global Air & Ocean Freight

    Pronto Global Air & Ocean Freight

    Freight Forwarder, Namibia

    By choosing Pronto Global Air & Ocean Freight, you have selected one of the leading and most respected freight forwarding companies...

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Overview About International Trade in Namibia

Economic Overview

The Namibian economy slowed down significantly following the beginning of the recession, which has lead to a decline in the mining sector demand, as well as in tourism. After shrinking by 0.8% in 2009, growth became again positive in 2010, reaching 4.4% and should become more stable in the coming years.

The Namibian government launched a medium term economic plan in 2008, the Third National Development Plan (NDP3), which covers the period of 2008-12 and aims at transforming Namibia into an industrialized nation by 2030. The 2010-2011 budget, which is as ambitious as the previous one, foresees a budget deficit of 7.1% of the GDP. Emphasis is placed on the development of education, the defense sector and healthcare.

Namibia is a poor country, where income inequalities are amongst the highest in the world. HIV affects almost 20% of the population and the unemployment rate is more than 30%.

 

FDI in Figures

With government support, foreign investment in Namibia continued to raise in 2008, increasing the FDI stocks in terms of GDP percentage. However, the global recession has caused FDI to diminish since 2007. With the progress of the economic recovery, this trend should be

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