Namibia's higher-middle-income economy, with a per capita GDP of $4,660, blends modern and subsistence sectors. Mining, particularly diamonds and uranium, agriculture, fishing, and tourism drive growth, projected at 3.8%. Exports include minerals and cattle, while imports like petroleum create trade deficits. High unemployment and inequality persist, worsened by droughts. Recent developments include a surge in diamond production, offshore oil discoveries, and plans for a sovereign wealth fund. These efforts aim to bolster economic resilience, reduce dependence on raw materials, and promote diversification through tourism and sustainable practices.
World Bank GDP economic data: 2010-2024. Last updated Oct 2025.
Namibia GDP Statistics by Year
| Year | GDP Size (in billions $) |
| 2024 | 13 |
| 2023 | 12 |
| 2022 | 13 |
| 2021 | 12 |
| 2020 | 11 |
| 2019 | 13 |
| 2018 | 14 |
| 2017 | 13 |
| 2016 | 11 |
| 2015 | 11 |
| 2014 | 12 |
| 2013 | 12 |
| 2012 | 13 |
| 2011 | 13 |
| 2010 | 11 |