Ludwig von Mises Institute

Namibia

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Country summary

Capital

Windhoek

Borders

Angola 1,376 km, Botswana 1,360 km, South Africa 967 km, Zambia 233 km

Government type

republic

Population

2,108,665[1]

Population growth

0.95% (2010 est.)[1]

Life expectancy

51.24 years[1]

Unemployment

51.2% (2008 est.)[1]

Index of Economic Freedom

77[2]

Corruption Perceptions Index

56[3]

Doing Business ranking

66[4]


South Africa occupied the German colony of South-West Africa during World War I and administered it as a mandate until after World War II, when it annexed the territory. In 1966 the Marxist South-West Africa People's Organization (SWAPO) guerrilla group launched a war of independence for the area that became Namibia, but it was not until 1988 that South Africa agreed to end its administration in accordance with a UN peace plan for the entire region. Namibia has been governed by SWAPO since the country won independence in 1990. Hifikepunye POHAMBA was elected president in November 2004 in a landslide victory replacing Sam NUJOMA who led the country during its first 14 years of self rule. POHAMBA was reelected in November 2009.[1]

Economical characteristics[edit]

  • Currency: Namibian dollar (ISO code: NAD)
  • Central bank discount rate: 7% (31 December 2009)[1]
  • Commercial banks lending rate: 11.12% (31 December 2009 )[1]
  • Stock of money (M1): $1.983 billion (31 December 2008)[1]
  • Quasi money (with M1 makes M2): $1.158 billion (31 December 2008)[1]


Statistics[edit]

Statistic / Year 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008
GDP (million USD)[5] 3 386 3 909 3 547 3 361 4 934 6 606 7 262 7 981 8 837 8 837
Govt. debt (% of GDP)[6]
Govt. revenue (% of GDP)[7] 34.737 30.102 29.152 29.452 26.018 26.386 28.218 32.421 29.133
Govt. expenses (% of GDP)[8] 33.426 28.485 30.130 28.832 29.697 26.445 25.632 24.266 23.982
Debt to revenue (years)

References[edit]

Note: statistical data was rounded. Different sources may use different methodologies for their estimates. Debt to revenue is calculated by dividing the two variables from their original ('unrounded') values. It represents how long it would a government take to repay its entire debt if it used its whole revenue for this purpose.

  1. ↑ 1.0 1.1 1.2 1.3 1.4 1.5 1.6 1.7 1.8 CIA - The World Factbook. "Namibia", from The World Factbook. Referenced 2010-10-04.
  2. ↑ Heritage Foundation. "Namibia", Economic Freedom Score. A lower ranking is better; but please be careful when comparing between different countries or years. Referenced 2010-10-04.
  3. ↑ Transparency International. "Namibia", Corruption Perceptions Index 2009. A lower ranking is better; but please note that the numbers cannot be compared between countries or years due to different methodology. Referenced 2010-10-04.
  4. ↑ Doing Business. "Namibia", Doing Business 2010 (part of The World Bank Group). A lower ranking is better; but please be careful when comparing between different countries or years. Referenced 2010-10-04.
  5. ↑ World Bank. "Namibia: GDP", from World Bank Data. Referenced 2010-10-04.
  6. ↑ World Bank. "Namibia: government debt", from World Bank Data. Referenced 2010-10-04.
  7. ↑ World Bank. "Namibia: government revenue", from World Bank Data. Referenced 2010-10-04.
  8. ↑ World Bank. "Namibia: government expenses", from World Bank Data. Referenced 2010-10-04.

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