Namibia - Market OverviewNamibia - Market Overview
Namibia has a population of 2.4 million, but with the port of Walvis Bay under expansion, the country is positioning itself as a gateway to the more than 240 million people in the broader southern Africa market.
Namibia enjoys one of the most stable, peaceful political environments in Africa.
Primary infrastructure (roads, rail, air, energy and telecommunications) is relatively well developed and modern.
The economy is mostly export driven. Mining, tourism, fishing and agriculture are Namibia’s key industries.
While the United States is among Namibia’s top ten trading partners, imports into Namibia are dominated by South Africa, with 45 percent of the total.
The Namibian dollar (N$) is pegged one to one (1:1) to the South African Rand.
The World Bank ranked Namibia 107 among 190 countries in its 2019 Doing Business Report. Prepared by our U.S. Embassies abroad. With its network of 108 offices across the United States and in more than 75 countries, the U.S. Commercial Service of the U.S. Department of Commerce utilizes its global presence and international marketing expertise to help U.S. companies sell their products and services worldwide. Locate the U.S. Commercial Service trade specialist in the U.S. nearest you by visiting http://export.gov/usoffices.
Namibia enjoys one of the most stable, peaceful political environments in Africa.
Primary infrastructure (roads, rail, air, energy and telecommunications) is relatively well developed and modern.
The economy is mostly export driven. Mining, tourism, fishing and agriculture are Namibia’s key industries.
While the United States is among Namibia’s top ten trading partners, imports into Namibia are dominated by South Africa, with 45 percent of the total.
The Namibian dollar (N$) is pegged one to one (1:1) to the South African Rand.
The World Bank ranked Namibia 107 among 190 countries in its 2019 Doing Business Report. Prepared by our U.S. Embassies abroad. With its network of 108 offices across the United States and in more than 75 countries, the U.S. Commercial Service of the U.S. Department of Commerce utilizes its global presence and international marketing expertise to help U.S. companies sell their products and services worldwide. Locate the U.S. Commercial Service trade specialist in the U.S. nearest you by visiting http://export.gov/usoffices.