Market Research In Namibia

Namibia Profile:

  • Namibia, officially the Republic of Namibia is a country in southern Africa whose western border is the Atlantic Ocean.
  • Namibia is the world’s fifth-largest producer of uranium. With its rich alluvial diamond deposits makes Namibia a primary source for gem-quality diamonds.
  • Namibia also produces large quantities of zinc and is a smaller producer of gold and copper.
  • Namibia is a member state of the United Nations (UN), the Southern African Development Community (SADC), the African Union (AU) and the Commonwealth of Nations.
  • World Bank ranks Namibia at 87th out of 185 economies in terms of ease of doing business.

Namibia Economy:

  • Namibia’s economy is heavily dependent on the extraction and processing of minerals for export. Mining accounts for 11.5% of GDP but provides more than 50% of foreign exchange earnings.
  • GDP growth in 2016 slowed to 1%, however, due to contractions in both the construction and mining sectors, as well as the ongoing drought. Growth is expected to recover modestly in 2017 and 2018.
  • Namibia receives 30%-40% of its revenues from the Southern African Customs Union (SACU); volatility in the size of Namibia’s annual SACU allotment and global mineral prices complicates budget planning.
  • A high per capita GDP, relative to the region, obscures one of the world’s most unequal income distributions.
  • Namibia’s economy remains vulnerable to world commodity price fluctuations and drought.

Namibia Facts:

  • Population: 2.5 million
  • Capital: Windhoek
  • Largest city: Windhoek
  • Area: 824,292 sq km
  • Major language: Oshivambo languages 48.9%, Nama/Damara 11.3%, Afrikaans 10.4%, Otjiherero languages 8.6%, Kavango languages 8.5%, Caprivi languages 4.8%, English (official) 3.4%, other African languages 2.3%
  • Major religion: Christian 80% to 90% (at least 50% Lutheran), indigenous beliefs 10% to 20%
  • Life expectancy: 62.4 years (Male), 65.6 years (Female)
  • Monetary unit: 1 Namibia Dollar(N$, NAD) = 100 Cents
  • Main exports: Diamonds, copper, gold, zinc, lead, uranium; cattle, white fish, and mollusks
  • GNI per Capita: $10,400

Our Market Research Services in Namibia:

We Employ A Wide Range of Research Techniques in Namibia:

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