Nomad Watch
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Namibia

NA · NAM · #34 · 15 cities

Nomad score 48/100 Compare

Key indicators

GDP per capita (PPP) (2031)
$16,304
GDP (2031)
$22.5B
GDP growth (2031)
3.0% →
Inflation (2031)
3.0% →
Unemployment (2025)
19.3% ↑
Population (2031)
3.4M
Population growth (2031)
1.7% ↓
Gini index (2015)
59.1
Government debt (2031)
75.7% of GDP
Current account (2031)
-12.1% of GDP
FDI inflows (2024)
$1.9B
Life expectancy (2024)
67.5 yrs
Health spending (2023)
9.5% of GDP
Internet users (2024)
64.9%
Mobile subscriptions (2024)
85.2/100
Trade openness (2025)
108.6% of GDP
Exchange rate (2025)
17.89/USD
Foreign reserves (2025)
$3.1B
Source: World Bank + IMF World Economic Outlook. Most recent data: 2031.

GDP overview

Nominal GDP and real growth. Dashed = IMF forecast.

GDP per capita (PPP)

Purchasing power parity adjusted, in international dollars

Inflation (CPI)

Unemployment

ILO modeled estimate

Population

Fiscal and trade

Government debt (2031)
75.7% of GDP
Current account (2031)
-12.1% of GDP
FDI inflows (2024)
$1.9B

Income inequality (Gini)

Gini index (2015)
0.59
Assessment
Very high inequality
Source: World Bank PIP via OWID. 0 = perfect equality, 1 = maximum inequality.

Business environment

New business density (2024)
6.74/1k
Tax revenue (2024)
33.9% of GDP
Services sector (2025)
55.0% of GDP

Financial access and costs

ATMs per 100k (2024)
67.2
Bank branches per 100k (2024)
7.9
ICT service exports (2024)
2.0%
Goods and services tax (2024)
10.8%

Historical data

Historical economic data
Year GDP GDP/cap PPP Growth Inflation Unemp. Population Gini Debt Curr. acct FDI Life exp. Health Internet FX rate
2031 * $22.5B $16,304 3.0% 3.0% - 3.4M - 75.7% -12.1% - - - - -
2030 * $21.4B $15,788 3.0% 3.0% - 3.3M - 74.5% -12.0% - - - - -
2029 * $20.3B $15,271 3.1% 3.0% - 3.3M - 73.3% -12.7% - - - - -
2028 * $19.2B $14,727 3.0% 3.0% - 3.2M - 72.4% -13.3% - - - - -
2027 * $18.4B $14,292 2.7% 3.4% - 3.2M - 71.2% -13.6% - - - - -
2026 * $17.3B $13,736 2.4% 3.9% - 3.1M - 70.5% -15.7% - - - - -
2025 $14.8B $11,986 2.4% 3.5% 19.3% 3.0M - 70.2% -13.2% - - - - 17.89
2024 $13.4B $11,698 3.7% 4.2% 19.2% 3.0M - 69.8% -14.2% $1.9B 67.5 - 64.9% 18.33
2023 $12.4B $11,248 4.4% 5.9% 19.2% 2.9M - 67.9% -15.2% $2.3B 67.4 9.5% 63.7% 18.45
2022 $12.6B $10,661 5.4% 6.1% 19.6% 2.9M - 70.1% -12.6% $1.1B 64.2 9.6% 63.0% 16.36
2021 $12.4B $9,709 3.6% 3.6% 20.9% 2.8M - 69.6% -10.8% $840.3M 60.9 10.2% 60.3% 14.78
2020 $10.6B $9,354 -8.1% 2.2% 21.0% 2.7M - 64.3% 3.9% -$150.2M 64.1 9.6% 57.9% 16.46
2019 $12.5B $9,609 -0.8% 3.7% 19.9% 2.6M - 57.6% -1.8% -$176.5M 63.6 8.9% 49.8% 14.45
2018 $13.7B $9,854 1.1% 4.3% 19.9% 2.5M - 48.7% -3.6% $234.4M 62.6 8.6% 42.8% 13.23
2017 $12.9B $9,888 -1.0% 6.1% 21.8% 2.5M - 43.8% -4.4% $280.5M 61.7 8.7% 36.8% 13.31
2016 $10.7B $10,200 0.0% 6.7% 23.4% 2.4M - 45.8% -16.5% $358.7M 60.8 9.3% 31.0% 14.71
2015 $11.5B $10,466 4.3% 3.4% 20.8% 2.3M 59.1 42.1% -13.6% $838.9M 60.0 10.0% 25.7% 12.88
2014 $12.4B $10,365 6.1% 5.3% 18.5% 2.3M - 27.6% -9.4% $445.6M 59.3 8.4% 14.8% 10.84
2013 $12.2B $9,699 5.6% 5.6% 19.0% 2.2M - 26.1% -8.2% $777.1M 58.5 10.1% 13.9% 9.75
2012 $13.0B $9,364 5.1% 6.7% 16.8% 2.2M - 24.6% -8.6% $1.0B 57.7 10.2% 12.9% 8.19
2011 $12.4B $9,002 5.1% 5.0% 19.5% 2.1M - 27.4% -6.9% $803.6M 56.7 10.9% 12.0% 7.30
2010 $11.3B $8,538 6.0% 4.9% 22.1% 2.1M - 16.3% -4.0% $287.5M 56.1 10.6% 11.6% 7.33
2009 $8.9B $8,079 0.3% 9.5% 22.3% 2.1M 61.0 15.9% -3.6% $829.1M 55.4 9.9% 6.5% 8.52
2008 $8.5B $8,125 2.6% 9.1% 22.0% 2.0M - 19.1% -0.1% $750.4M 54.7 10.7% 5.3% 8.25
2007 $8.7B $7,875 3.6% 6.5% 22.1% 2.0M - 19.4% 8.6% $669.2M 54.0 11.4% 4.8% 7.05
2006 $7.7B $7,374 3.9% 5.0% 21.9% 2.0M - 26.1% 14.0% $610.2M 53.2 11.3% 4.4% 6.77
2005 $7.3B $6,767 4.7% 2.3% 22.1% 2.0M - 26.9% 4.5% $389.9M 52.6 10.8% 4.0% 6.38
Source: World Bank + IMF World Economic Outlook. * = IMF forecast.

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