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THE ECONOMIC OVERVIEW

Fuel Pump Nozzles

Economic Overview

  1. Nominal GDP: N$ 245.1 bn;

  2. GDP growth (2024) at 3.71% (World Bank, Bank of Namibia)

  3. Namibia recorded a Real GDP growth of 4.16% in 2023 — primarily driven by the mining and quarrying sectors (Diamonds, Uranium, Gold, Zinc,exploration Investment, etc) 

  4. Net Foreign Direct Investment (FDI) inflow totalled N$35 billion—the highest on record in 2025;

  5. Namibia’s GDP per capita now stands at N$78,711 (2024);

  6. The Namibian economy is largely Import-driven, with key imports including  petroleum oils and oils obtained from bituminous minerals,  motor vehicles and copper ores and concentrates.

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