Abstract
The recent uptrend in Namibia’s current account surplus reflects an increase in public and private savings. Tighter domestic investment rules will not reduce capital outflows. The phasing and macroeconomic impact of regulatory changes requires careful scrutiny. Market-based incentives for investment repatriation are attractive. Namibia’s non-renewable natural resource sector is a significant contributor to Namibia’s economy and it is important to continue management of its mineral resources wisely. Faster growth in low-skill job opportunities and more flexible labor market institutions will help tackle unemployment in the short-term.
V. The Challenges of Reducing Unemployment19
A. Introduction
129. High and persistent unemployment is one of the most pressing issues facing Namibia. Despite annual GDP growth of 4.6 percent during 2000 to 2005, the unemployment rate has risen from 34.5 percent in 2000 to 36.7 percent in 2004,20 which is high by broader African standards.
130. Employment growth has been inhibited by generally low skill levels, lack of diversification of the economy, and labor market inflexibilities. At independence in 1990, Namibia inherited a poor education system that did not prepare students well for the work place. Job opportunities have also been restricted by a heavy dependence on the capital-intensive mining and mineral processing. At the same time, labor market impediments have deterred job creation outside the mining sector.
131. Faster growth in low-skill job opportunities and more flexible labor market institutions would help tackle unemployment in the short run. While improvements in education and training are required over the long run, near-term job creation may require lower-skill, entry-level positions in manufacturing, tourism, and other service activities. More competitive labor costs and flexible labor market institutions would help encourage investments in these sectors.
B. Unemployment Overview
132. Weak job growth has resulted in rising unemployment. Employment growth of less than 1 percent per annum during 1992–2004 contrasted with annual labor force growth of about 3 percent, resulting in an increase in unemployment from 19 percent in 1992 to 37 percent in 2004, comparable to Lesotho and South Africa, but well above a number of other African peers (Table V.1).
Namibia: GDP Growth, Employment, and the Labor Force
Citation: IMF Staff Country Reports 2008, 082; 10.5089/9781451828450.002.A005
Labor Force Participation and Unemployment
Narrow definition, excluding those not looking for work
Labor Force Participation and Unemployment
| Country | Year | Labor Participation | Unemployment Rate 1/ |
|---|---|---|---|
| Namibia | 1997 | 53.5 | 19.5 |
| Namibia | 2000 | 54.0 | 20.2 |
| Namibia | 2004 | 47.9 | 21.9 |
| Botswana | 2006 | 57.2 | 15.3 |
| Cameroon | 2001 | 68.9 | 7.5 |
| Egypt | 2005 | 49.3 | 11.2 |
| Lesotho | 1999 | 64.0 | 27.3 |
| Mauritius | 2006 | 65.5 | 9.1 |
| South Africa | 2006 | 65.1 | 25.5 |
| Tunisia | 2005 | 54.9 | 14.2 |
Narrow definition, excluding those not looking for work
Labor Force Participation and Unemployment
| Country | Year | Labor Participation | Unemployment Rate 1/ |
|---|---|---|---|
| Namibia | 1997 | 53.5 | 19.5 |
| Namibia | 2000 | 54.0 | 20.2 |
| Namibia | 2004 | 47.9 | 21.9 |
| Botswana | 2006 | 57.2 | 15.3 |
| Cameroon | 2001 | 68.9 | 7.5 |
| Egypt | 2005 | 49.3 | 11.2 |
| Lesotho | 1999 | 64.0 | 27.3 |
| Mauritius | 2006 | 65.5 | 9.1 |
| South Africa | 2006 | 65.1 | 25.5 |
| Tunisia | 2005 | 54.9 | 14.2 |
Narrow definition, excluding those not looking for work
133. Unemployment varies significantly by region, gender, age, and education level. On a broad definition, including those seeking work, unemployment ranges regionally from a low of 19 percent to a high of 65 percent. On the same basis, rural unemployment is higher than urban (45 percent, compared to 29 percent), and women are more likely to be unemployed than men (43 percent, compared to 30 percent). Unemployment is particularly high among the young, reaching 57 percent in the 20–24 age group. Unemployment is also higher for those with lower education levels: those with less than secondary education face unemployment rates of over 30 percent (Figure V.2).
Namibia: Unemployment Characteristics
Citation: IMF Staff Country Reports 2008, 082; 10.5089/9781451828450.002.A005
134. Discouraged workers and underemployment are common. Almost half of the unemployed are not seeking jobs, while 56 percent of those actively looking for employment have been unemployed for more than 2 years. At the same time, nearly one third of employed workers experience some degree of underemployment and are interested in additional work.
Namibia: Discouraged Workers and Under Employment
Citation: IMF Staff Country Reports 2008, 082; 10.5089/9781451828450.002.A005
C. Contributions to High Unemployment
Low skills
135. Lack of skills and low educational attainment contribute to high unemployment. Compared to workers with no education, those with senior secondary education (beyond grade 10) face a 60 to 80 percent higher probability of being employed (Figure V.4). Perhaps surprisingly, primary and Junior secondary education does not appear to strengthen Job prospects. This finding is consistent with a recent World Bank (2005) study, which finds a negative return on primary education in raising employees’ wage levels. The apparently weak impact of education through the Junior secondary level is a concern, given that only 20 percent of the working age population is educated beyond this point.
Namibia: Education and Employment Probability
Citation: IMF Staff Country Reports 2008, 082; 10.5089/9781451828450.002.A005
136. Scarcity of skilled workers results in high wage premia. Skilled workers earn about 5 times the wage of the unskilled, and for professional and managerial workers, wages are about 10 times higher. These skill premia appear large, by international standards (Table V.2).
Wage Differentials
Namibia Wage Differential 2001–07
Wage Differentials
Namibia Wage Differential 2001–07
| 2001–04 | 2005–07 | |
|---|---|---|
| Unskilled | 1 | 1 |
| Semi-skilled | 3 | 3 |
| Skilled | 5 | 5 |
| Highly skilled, professional | 10 | 9 |
| Highly skilled, managerial | 17 | 12 |
Wage Differentials
Namibia Wage Differential 2001–07
| 2001–04 | 2005–07 | |
|---|---|---|
| Unskilled | 1 | 1 |
| Semi-skilled | 3 | 3 |
| Skilled | 5 | 5 |
| Highly skilled, professional | 10 | 9 |
| Highly skilled, managerial | 17 | 12 |
Wage Differential in Selected Countries
Median wage of skilled to unskilled, staff estimate
90th to 10th percentile of wage for manufacturing workers in 1995, Avalos and Savvides (2003)
Weighted average wage of college graduate to high school diploma in the mid 90s, Murphy and Welch (2002)
Wage Differential in Selected Countries
| Differential | ||
|---|---|---|
| Namibia | 5 | 1/ |
| Latin America | 4.3 | 2/ |
| East Asia | 3.4 | 2/ |
| US | 1.8 | 3/ |
Median wage of skilled to unskilled, staff estimate
90th to 10th percentile of wage for manufacturing workers in 1995, Avalos and Savvides (2003)
Weighted average wage of college graduate to high school diploma in the mid 90s, Murphy and Welch (2002)
Wage Differential in Selected Countries
| Differential | ||
|---|---|---|
| Namibia | 5 | 1/ |
| Latin America | 4.3 | 2/ |
| East Asia | 3.4 | 2/ |
| US | 1.8 | 3/ |
Median wage of skilled to unskilled, staff estimate
90th to 10th percentile of wage for manufacturing workers in 1995, Avalos and Savvides (2003)
Weighted average wage of college graduate to high school diploma in the mid 90s, Murphy and Welch (2002)
Economic structure
137. Structural change has been biased against those with lower skills. Although the primary and secondary sectors offer proportionally more low-skill jobs, employment in these sectors declined between 1997 to 2004 by 3.6 percent and 0.8 percent per annum, respectively. By contrast, jobs in the service sector, which tend to be more high-skill, expanded by 1.7 percent per annum (Figure V.5). The bias of structural change toward high-skill jobs has also been noted for the South African labor market by Rodrik (2006). As in Namibia, this trend has been associated in South Africa with a stubbornly high unemployment for labor force participants with limited education and skills.
Namibia: Annual Employment Growth by Industry, 1997–2004
Citation: IMF Staff Country Reports 2008, 082; 10.5089/9781451828450.002.A005
138. Mining and agriculture are not the answer. The mining sector is highly capital-intensive, and although employment has been rising, the base is very small, and unable to make a significant dent in unemployment. While the agricultural sector is a large employer of low-skill workers, value-added per worker is low (as well as incomes), and employment has been declining over the past decade. Moreover, with very low rainfall, Namibia is less well-suited to agricultural production than many economies, including a number of regional peers.
139. Manufacturing is possibly an option, though the base is also small. The manufacturing sector accounts for just 12–13 percent of employment and GDP. With a population of just two million, Namibia cannot build a manufacturing base without developing export markets. Progress on this front is also lagging, with manufacturing goods representing a smaller share of merchandise exports than for many peers (Table V.3). Beyond manufacturing, job options include construction and labor-intensive service sectors, including tourism.
Manufacturing Share in GDP and Merchandise Exports
Data for 2005, unless otherwise indicated.
Data for 2003.
Data for 2002.
Manufacturing Share in GDP and Merchandise Exports
| Country | Manufacturing, value added (% of GDP) 1/ |
Manufactures exports (% of merchandise exports) 1/ |
|
|---|---|---|---|
| Namibia | 13 | 41 | 2/ |
| Botswana | 4 | 86 | 2/ |
| Lesotho | 16 | n.a. | |
| South Africa | 19 | 57 | |
| Swaziland | 37 | 76 | 3/ |
| China | 33 | 92 | |
| Indonesia | 28 | 47 | |
| Korea | 28 | 91 | |
| Thailand | 35 | 77 |
Data for 2005, unless otherwise indicated.
Data for 2003.
Data for 2002.
Manufacturing Share in GDP and Merchandise Exports
| Country | Manufacturing, value added (% of GDP) 1/ |
Manufactures exports (% of merchandise exports) 1/ |
|
|---|---|---|---|
| Namibia | 13 | 41 | 2/ |
| Botswana | 4 | 86 | 2/ |
| Lesotho | 16 | n.a. | |
| South Africa | 19 | 57 | |
| Swaziland | 37 | 76 | 3/ |
| China | 33 | 92 | |
| Indonesia | 28 | 47 | |
| Korea | 28 | 91 | |
| Thailand | 35 | 77 |
Data for 2005, unless otherwise indicated.
Data for 2003.
Data for 2002.
Labor costs
140. Wage levels need to be competitive for labor-intensive export sectors in a global market. A recent World Bank report shows that the median monthly wage for a production worker in Namibia is higher than most other middle-income countries, except South Africa. While this is matched by relatively high productivity and capital intensity for existing companies, it could be an obstacle to the expansion of low-skill employment.
Namibia: Median Monthly Wage for Production Workers
(U.S. dollars)
Citation: IMF Staff Country Reports 2008, 082; 10.5089/9781451828450.002.A005
141. It is also important to minimize non-wage labor cost. Non-wage benefits constitute an important part of the overall labor cost in Namibia. The new Labor Act will increase minimum annual leave from 24 consecutive days (about 18 working days) to 24 working days; a further 5 days of compassionate leave will also be provided.21 These leave benefits are generous compared to many potential export competitors (Table V.4).
Statutory Leave Comparisons
Unemployment data for 2004.
Leave of 24 consecutive days.
Leave of 24 working days plus 5 compassionate days.
Leave after 1 year’s service.
Leave rises from 8 days with up to 2 years’ service to 16 days with 5 years or more with one employer.
Leave after one year’s service.
Statutory Leave Comparisons
| GDP Per Capita (PPP basis, 2006) |
Unemployment Rate, (%, 2006) |
Paid Annual Leave (days) |
|
|---|---|---|---|
| Namibia | |||
| Current 1/, 2/ | 8,600 | 22 | 18 |
| New Labor Act 3/ | 29 | ||
| South Africa | 13,000 | 26 | 15 |
| Botswana 1/ | 15,700 | 24 | 15 |
| Chile 4/ | 12,800 | 8 | 15 |
| Malaysia 5/ | 12,000 | 3 | 8–16 |
| Thailand 6/ | 9,200 | 2 | 6 |
Unemployment data for 2004.
Leave of 24 consecutive days.
Leave of 24 working days plus 5 compassionate days.
Leave after 1 year’s service.
Leave rises from 8 days with up to 2 years’ service to 16 days with 5 years or more with one employer.
Leave after one year’s service.
Statutory Leave Comparisons
| GDP Per Capita (PPP basis, 2006) |
Unemployment Rate, (%, 2006) |
Paid Annual Leave (days) |
|
|---|---|---|---|
| Namibia | |||
| Current 1/, 2/ | 8,600 | 22 | 18 |
| New Labor Act 3/ | 29 | ||
| South Africa | 13,000 | 26 | 15 |
| Botswana 1/ | 15,700 | 24 | 15 |
| Chile 4/ | 12,800 | 8 | 15 |
| Malaysia 5/ | 12,000 | 3 | 8–16 |
| Thailand 6/ | 9,200 | 2 | 6 |
Unemployment data for 2004.
Leave of 24 consecutive days.
Leave of 24 working days plus 5 compassionate days.
Leave after 1 year’s service.
Leave rises from 8 days with up to 2 years’ service to 16 days with 5 years or more with one employer.
Leave after one year’s service.
Labor market institutions
142. Rigidities in hiring and firing have been a deterrent to employment. The Namibian labor market is characterized by a high level of regulation. Private sector employers have complained about the difficulty in hiring part-time labor and expatriate workers. Lack of appropriate regulatory measures for temporary employment agencies have reduced contract jobs for unskilled and semi skilled workers. On the other hand, the burdensome and ineffective process of firing employees under the old Labor Act has made employers cautious in increasing employment levels (Box V.1).
Labor Dispute Resolution in Namibia
Under the 1992 Act, labor disputes should be first resolved at the District Labor Courts, which handle complaints from either an employee or an employer on issues concerning labor laws, employment contracts or collective bargaining agreements. This results in an adversarial labor relations, with cases appealed to the higher labor courts and a high incidence of strikes and lockouts. The system has also been criticized for its low efficiency and difficulties in enforcing decisions resulted from its complicated structure. The new Labor Act seeks to improve the resolution process by using conciliation and arbitration instead of the District Labor Courts. Under the new Act, dispute will be referred to a Labor Commissioner, who appoints a conciliator and oversees the whole process of conciliation and arbitration. The conciliator is required to resolve the case within 30 days. If this fails, the parties can seek arbitration based on mutual agreement. In certain cases, the Labor Commissioner may require compulsory arbitration.
143. Strong union power is a feature of the Namibian labor market. Union membership is particularly high among government employees (57 percent), and unions appear to have been successful in raising the incomes of their members, with the 2003 Household Survey indicating that the mean hourly wage for a trade union member is about 45 percent higher than for a non-union member.
Namibia: Unionization
Citation: IMF Staff Country Reports 2008, 082; 10.5089/9781451828450.002.A005
D. Policies to Reduce Unemployment
144. Over the longer term, strengthened education and training are a top priority for reducing unemployment. Efforts are needed to strengthen the quality of education through the junior secondary level, increase the proportion of students benefiting from higher secondary and tertiary education, and provide continuing education and training for those in the workforce. The government has initiated several programs in this area. A center-piece is the government’s Education and Training Sector Improvement Program (ETSIP), which aims to improve the quality of general education, develop the use of information and communication technology, and expand vocational education and training. The program is to be implemented in three phases over 15 years, and funding was secured in May 2007 for the first phase from a coalition of development partners including the World Bank.
145. Policy measures are also needed to open up low skill employment. This will be important, given the time required to strengthen education and training in a broad-based manner. Given the limited prospects for job growth in mining and agriculture, policies should be focused on tackling obstacles to investment and growth of labor-intensive sectors such as manufacturing and construction.
146. More flexible labor market institutions could encourage labor demand. Relaxing the work permit regime to permit entry by foreign workers with critical skills could create rather than eliminate jobs for nationals by broadening the economic base. In addition, steps to eliminate undue restrictions on temporary work and worker dismissals could encourage employers to increase hiring. The latter is being addressed in the new Labor Act through a proposed expansion of conciliation and arbitration.
147. A more pro-business approach within the public sector would also be beneficial. It is important that public sector employees recognize the contribution of the private sector to job creation, and be helpful in minimizing any undue bureaucratic obstacles. This approach could be fostered through training provided to the civil service in the planned National Institute of Public Administration and Management, scheduled for opening in 2009.
Namibia: GDP and Gross National Income (GNI) at Current Prices, 2001–06 1/
Columns may not sum due to rounding error.
Namibia: GDP and Gross National Income (GNI) at Current Prices, 2001–06 1/
| 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | ||
|---|---|---|---|---|---|---|---|
| (In millions of Namibia dollars) | |||||||
| GDP at factor cost | 25,192 | 29,878 | 30,879 | 32,680 | 35,581 | 42,367 | |
| Compensation of employees | 10,616 | 12,012 | 13,051 | 13,903 | 14,973 | 16,473 | |
| Consumption of fixed capital | 3,561 | 4,073 | 5,303 | 5,913 | 6,585 | 6,300 | |
| Net operating surplus | 11,015 | 13,793 | 12,525 | 12,863 | 14,023 | 19,594 | |
| Taxes on production and imports | 3,158 | 3,582 | 3,104 | 4,030 | 4,367 | 4,847 | |
| Subsidies | -663 | -552 | -140 | -213 | -238 | -244 | |
| GDP at market prices | 27,686 | 32,908 | 33,842 | 36,476 | 39,711 | 46,971 | |
| Net primary incomes from rest of world | -10 | 356 | 1,732 | 539 | -715 | -489 | |
| Receivable from rest of world | 1,704 | 1,803 | 2,123 | 1,483 | 955 | 1,185 | |
| Payable to rest of world | -1,714 | -1,447 | -391 | -944 | -1,670 | -1,674 | |
| GNI at market prices | 27,677 | 33,264 | 35,574 | 37,035 | 38,996 | 46,482 | |
| Net current transfers | 2,985 | 2,894 | 3,467 | 4,304 | 4,262 | 6,465 | |
| Receivable from rest of world | 3,297 | 3,202 | 3,670 | 4,529 | 4,548 | 6,771 | |
| Payable to rest of world | -312 | -308 | -203 | -225 | -286 | -306 | |
| Gross national disposable income | 30,661 | 36,158 | 39,041 | 41,339 | 43,258 | 52,947 | |
| Memorandum items: | |||||||
| Real GNI at constant 1995 prices | 17,541 | 19,054 | 18,942 | 19,282 | 20,580 | 22,483 | |
| Percentage change | 5.6 | 8.6 | -0.6 | 1.8 | 6.7 | 9.2 | |
| Per capita GDP at current market prices | 14,346 | 16,789 | 17,041 | 18,154 | 19,550 | 22,934 | |
| Per capita GNI at current market prices | 15,887 | 18,447 | 19,658 | 20,574 | 21,296 | 25,852 | |
Columns may not sum due to rounding error.
Namibia: GDP and Gross National Income (GNI) at Current Prices, 2001–06 1/
| 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | ||
|---|---|---|---|---|---|---|---|
| (In millions of Namibia dollars) | |||||||
| GDP at factor cost | 25,192 | 29,878 | 30,879 | 32,680 | 35,581 | 42,367 | |
| Compensation of employees | 10,616 | 12,012 | 13,051 | 13,903 | 14,973 | 16,473 | |
| Consumption of fixed capital | 3,561 | 4,073 | 5,303 | 5,913 | 6,585 | 6,300 | |
| Net operating surplus | 11,015 | 13,793 | 12,525 | 12,863 | 14,023 | 19,594 | |
| Taxes on production and imports | 3,158 | 3,582 | 3,104 | 4,030 | 4,367 | 4,847 | |
| Subsidies | -663 | -552 | -140 | -213 | -238 | -244 | |
| GDP at market prices | 27,686 | 32,908 | 33,842 | 36,476 | 39,711 | 46,971 | |
| Net primary incomes from rest of world | -10 | 356 | 1,732 | 539 | -715 | -489 | |
| Receivable from rest of world | 1,704 | 1,803 | 2,123 | 1,483 | 955 | 1,185 | |
| Payable to rest of world | -1,714 | -1,447 | -391 | -944 | -1,670 | -1,674 | |
| GNI at market prices | 27,677 | 33,264 | 35,574 | 37,035 | 38,996 | 46,482 | |
| Net current transfers | 2,985 | 2,894 | 3,467 | 4,304 | 4,262 | 6,465 | |
| Receivable from rest of world | 3,297 | 3,202 | 3,670 | 4,529 | 4,548 | 6,771 | |
| Payable to rest of world | -312 | -308 | -203 | -225 | -286 | -306 | |
| Gross national disposable income | 30,661 | 36,158 | 39,041 | 41,339 | 43,258 | 52,947 | |
| Memorandum items: | |||||||
| Real GNI at constant 1995 prices | 17,541 | 19,054 | 18,942 | 19,282 | 20,580 | 22,483 | |
| Percentage change | 5.6 | 8.6 | -0.6 | 1.8 | 6.7 | 9.2 | |
| Per capita GDP at current market prices | 14,346 | 16,789 | 17,041 | 18,154 | 19,550 | 22,934 | |
| Per capita GNI at current market prices | 15,887 | 18,447 | 19,658 | 20,574 | 21,296 | 25,852 | |
Columns may not sum due to rounding error.
Namibia: GDP by Industrial Origin at Current Prices, 2001–06 1/
Columns may not sum due to rounding error.
Namibia: GDP by Industrial Origin at Current Prices, 2001–06 1/
| 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | ||||
|---|---|---|---|---|---|---|---|---|---|
| (In millions of Namibia dollars) | |||||||||
| GDP at basic prices | 24,916 | 29,747 | 31,187 | 32,930 | 35,798 | 42,698 | |||
| Agriculture | 1,137 | 1,687 | 1,814 | 1,873 | 2,398 | 2,909 | |||
| Commercial agriculture | 711 | 1,309 | 1,353 | 1,294 | 1,681 | 1,945 | |||
| Subsistence agriculture | 425 | 378 | 461 | 579 | 717 | 963 | |||
| Fishing | 1,445 | 1,608 | 1,757 | 1,547 | 1,916 | 1,958 | |||
| Mining and quarrying | 3,663 | 4,565 | 2,975 | 3,489 | 3,391 | 5,518 | |||
| Diamond mining | 2,854 | 3,427 | 2,630 | 3,048 | 2,782 | 4,054 | |||
| Other mining and quarrying | 809 | 1,138 | 345 | 441 | 609 | 1,463 | |||
| Subtotal, primary industries | 6,244 | 7,859 | 6,546 | 6,909 | 7,704 | 10,385 | |||
| Manufacturing | 2,604 | 3,305 | 3,870 | 4,001 | 4,055 | 5,628 | |||
| Meat processing | 142 | 143 | 139 | 126 | 121 | 81 | |||
| Fish processing | 494 | 703 | 876 | 750 | 466 | 608 | |||
| Food products and beverages | 1,215 | 1,515 | 1,650 | 1,690 | 1,772 | 1,979 | |||
| Other manufacturing | 753 | 944 | 1,205 | 1,434 | 1,696 | 2,959 | |||
| Electricity and water | 620 | 854 | 1,003 | 1,197 | 1,344 | 1,250 | |||
| Construction | 789 | 725 | 1,029 | 1,100 | 1,247 | 1,743 | |||
| Subtotal, secondary industries | 4,013 | 4,884 | 5,901 | 6,298 | 6,646 | 8,621 | |||
| Wholesale and retail trade and repairs | 3,004 | 3,428 | 3,987 | 3,985 | 4,235 | 5,191 | |||
| Hotels and restaurants | 477 | 576 | 648 | 653 | 670 | 724 | |||
| Transport and communications | 1,533 | 2,083 | 2,382 | 2,671 | 3,019 | 3,341 | |||
| Transport and storage | 975 | 1,289 | 1,409 | 1,497 | 1,639 | 1,848 | |||
| Post and telecommunications | 558 | 794 | 973 | 1,173 | 1,380 | 1,493 | |||
| Finance, real estate, and business services | 3,131 | 3,562 | 3,973 | 4,361 | 4,779 | 7,115 | |||
| Financial intermediation | 964 | 1,088 | 1,249 | 1,213 | 1,455 | 1,562 | |||
| Financial services indirectly measured | -330 | -359 | -432 | -394 | -440 | -544 | |||
| Real estate and business services | 2,497 | 2,832 | 3,156 | 3,542 | 3,764 | 4,073 | |||
| Owner-occupied dwellings | 1,317 | 1,449 | 1,593 | 1,748 | 1,861 | 2,024 | |||
| Other real estate and business services | 1,180 | 1,382 | 1,563 | 1,794 | 1,902 | 2,048 | |||
| Community, social, and personal services | 216 | 244 | 281 | 282 | 320 | 354 | |||
| General government | 5,810 | 6,553 | 6,863 | 7,142 | 7,752 | 8,269 | |||
| Other producers | 487 | 558 | 606 | 647 | 673 | 721 | |||
| Subtotal, tertiary industries | 14,659 | 17,002 | 18,740 | 19,722 | 21,448 | 23,692 | |||
| Taxes less subsidies on products | 2,771 | 3,161 | 2,655 | 3,567 | 3,913 | 4,273 | |||
| GDP at current market prices | 27,686 | 32,908 | 33,842 | 36,496 | 39,711 | 46,971 | |||
Columns may not sum due to rounding error.
Namibia: GDP by Industrial Origin at Current Prices, 2001–06 1/
| 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | ||||
|---|---|---|---|---|---|---|---|---|---|
| (In millions of Namibia dollars) | |||||||||
| GDP at basic prices | 24,916 | 29,747 | 31,187 | 32,930 | 35,798 | 42,698 | |||
| Agriculture | 1,137 | 1,687 | 1,814 | 1,873 | 2,398 | 2,909 | |||
| Commercial agriculture | 711 | 1,309 | 1,353 | 1,294 | 1,681 | 1,945 | |||
| Subsistence agriculture | 425 | 378 | 461 | 579 | 717 | 963 | |||
| Fishing | 1,445 | 1,608 | 1,757 | 1,547 | 1,916 | 1,958 | |||
| Mining and quarrying | 3,663 | 4,565 | 2,975 | 3,489 | 3,391 | 5,518 | |||
| Diamond mining | 2,854 | 3,427 | 2,630 | 3,048 | 2,782 | 4,054 | |||
| Other mining and quarrying | 809 | 1,138 | 345 | 441 | 609 | 1,463 | |||
| Subtotal, primary industries | 6,244 | 7,859 | 6,546 | 6,909 | 7,704 | 10,385 | |||
| Manufacturing | 2,604 | 3,305 | 3,870 | 4,001 | 4,055 | 5,628 | |||
| Meat processing | 142 | 143 | 139 | 126 | 121 | 81 | |||
| Fish processing | 494 | 703 | 876 | 750 | 466 | 608 | |||
| Food products and beverages | 1,215 | 1,515 | 1,650 | 1,690 | 1,772 | 1,979 | |||
| Other manufacturing | 753 | 944 | 1,205 | 1,434 | 1,696 | 2,959 | |||
| Electricity and water | 620 | 854 | 1,003 | 1,197 | 1,344 | 1,250 | |||
| Construction | 789 | 725 | 1,029 | 1,100 | 1,247 | 1,743 | |||
| Subtotal, secondary industries | 4,013 | 4,884 | 5,901 | 6,298 | 6,646 | 8,621 | |||
| Wholesale and retail trade and repairs | 3,004 | 3,428 | 3,987 | 3,985 | 4,235 | 5,191 | |||
| Hotels and restaurants | 477 | 576 | 648 | 653 | 670 | 724 | |||
| Transport and communications | 1,533 | 2,083 | 2,382 | 2,671 | 3,019 | 3,341 | |||
| Transport and storage | 975 | 1,289 | 1,409 | 1,497 | 1,639 | 1,848 | |||
| Post and telecommunications | 558 | 794 | 973 | 1,173 | 1,380 | 1,493 | |||
| Finance, real estate, and business services | 3,131 | 3,562 | 3,973 | 4,361 | 4,779 | 7,115 | |||
| Financial intermediation | 964 | 1,088 | 1,249 | 1,213 | 1,455 | 1,562 | |||
| Financial services indirectly measured | -330 | -359 | -432 | -394 | -440 | -544 | |||
| Real estate and business services | 2,497 | 2,832 | 3,156 | 3,542 | 3,764 | 4,073 | |||
| Owner-occupied dwellings | 1,317 | 1,449 | 1,593 | 1,748 | 1,861 | 2,024 | |||
| Other real estate and business services | 1,180 | 1,382 | 1,563 | 1,794 | 1,902 | 2,048 | |||
| Community, social, and personal services | 216 | 244 | 281 | 282 | 320 | 354 | |||
| General government | 5,810 | 6,553 | 6,863 | 7,142 | 7,752 | 8,269 | |||
| Other producers | 487 | 558 | 606 | 647 | 673 | 721 | |||
| Subtotal, tertiary industries | 14,659 | 17,002 | 18,740 | 19,722 | 21,448 | 23,692 | |||
| Taxes less subsidies on products | 2,771 | 3,161 | 2,655 | 3,567 | 3,913 | 4,273 | |||
| GDP at current market prices | 27,686 | 32,908 | 33,842 | 36,496 | 39,711 | 46,971 | |||
Columns may not sum due to rounding error.
Namibia: Sector Shares of GDP at Current Prices, 2001–06
Namibia: Sector Shares of GDP at Current Prices, 2001–06
| 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | ||||
|---|---|---|---|---|---|---|---|---|---|
| (In percent of GDP) | |||||||||
| GDP at basic prices | 90.0 | 90.4 | 92.2 | 90.2 | 90.1 | 90.9 | |||
| Agriculture | 4.1 | 5.1 | 5.4 | 5.1 | 6.0 | 6.2 | |||
| Commercial agriculture | 2.6 | 4.0 | 4.0 | 3.5 | 4.2 | 4.1 | |||
| Subsistence agriculture | 1.5 | 1.1 | 1.4 | 1.6 | 1.8 | 2.1 | |||
| Fishing | 5.2 | 4.9 | 5.2 | 4.2 | 4.8 | 4.2 | |||
| Mining and quarrying | 13.2 | 13.9 | 8.8 | 9.6 | 8.5 | 11.7 | |||
| Diamond mining | 10.3 | 10.4 | 7.8 | 8.4 | 7.0 | 8.6 | |||
| Other mining and quarrying | 2.9 | 3.5 | 1.0 | 1.2 | 1.5 | 3.1 | |||
| Subtotal, primary industries | 22.6 | 23.9 | 19.3 | 18.9 | 19.4 | 22.1 | |||
| Manufacturing | 9.4 | 10.0 | 11.4 | 11.0 | 10.2 | 12.0 | |||
| Meat processing | 0.5 | 0.4 | 0.4 | 0.3 | 0.3 | 0.2 | |||
| Fish processing | 1.8 | 2.1 | 2.6 | 2.1 | 1.2 | 1.3 | |||
| Food products and beverages | 4.4 | 4.6 | 4.9 | 4.6 | 4.5 | 4.2 | |||
| Other manufacturing | 2.7 | 2.9 | 3.6 | 3.9 | 4.3 | 6.3 | |||
| Electricity and water | 2.2 | 2.6 | 3.0 | 3.3 | 3.4 | 2.7 | |||
| Construction | 2.8 | 2.2 | 3.0 | 3.0 | 3.1 | 3.7 | |||
| Subtotal, secondary industries | 14.5 | 14.8 | 17.4 | 17.3 | 16.7 | 18.4 | |||
| Wholesale and retail trade and repairs | 10.8 | 10.4 | 11.8 | 10.9 | 10.7 | 11.1 | |||
| Hotels and restaurants | 1.7 | 1.7 | 1.9 | 1.8 | 1.7 | 1.5 | |||
| Transport and communications | 5.5 | 6.3 | 7.0 | 7.3 | 7.6 | 7.1 | |||
| Transport and storage | 3.5 | 3.9 | 4.2 | 4.1 | 4.1 | 3.9 | |||
| Post and telecommunications | 2.0 | 2.4 | 2.9 | 3.2 | 3.5 | 3.2 | |||
| Finance, real estate, and business services | 11.3 | 10.8 | 11.7 | 11.9 | 12.0 | 15.1 | |||
| Financial intermediation | 3.5 | 3.3 | 3.7 | 3.3 | 3.7 | 3.3 | |||
| Financial services indirectly measured | -1.2 | -1.1 | -1.3 | -1.1 | -1.1 | -1.2 | |||
| Real estate and business services | 9.0 | 8.6 | 9.3 | 9.7 | 9.5 | 8.7 | |||
| Owner-occupied dwellings | 4.8 | 4.4 | 4.7 | 4.8 | 4.7 | 4.3 | |||
| Other real estate and business services | 4.3 | 4.2 | 4.6 | 4.9 | 4.8 | 4.4 | |||
| Community, social, and personal services | 0.8 | 0.7 | 0.8 | 0.8 | 0.8 | 0.8 | |||
| General government | 21.0 | 19.9 | 20.3 | 19.6 | 19.5 | 17.6 | |||
| Other producers | 1.8 | 1.7 | 1.8 | 1.8 | 1.7 | 1.5 | |||
| Subtotal, tertiary industries | 52.9 | 51.7 | 55.4 | 54.0 | 54.0 | 50.4 | |||
| Taxes less subsidies on products | 10.0 | 9.6 | 7.8 | 9.8 | 9.9 | 9.1 | |||
| GDP at market prices | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | |||
Namibia: Sector Shares of GDP at Current Prices, 2001–06
| 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | ||||
|---|---|---|---|---|---|---|---|---|---|
| (In percent of GDP) | |||||||||
| GDP at basic prices | 90.0 | 90.4 | 92.2 | 90.2 | 90.1 | 90.9 | |||
| Agriculture | 4.1 | 5.1 | 5.4 | 5.1 | 6.0 | 6.2 | |||
| Commercial agriculture | 2.6 | 4.0 | 4.0 | 3.5 | 4.2 | 4.1 | |||
| Subsistence agriculture | 1.5 | 1.1 | 1.4 | 1.6 | 1.8 | 2.1 | |||
| Fishing | 5.2 | 4.9 | 5.2 | 4.2 | 4.8 | 4.2 | |||
| Mining and quarrying | 13.2 | 13.9 | 8.8 | 9.6 | 8.5 | 11.7 | |||
| Diamond mining | 10.3 | 10.4 | 7.8 | 8.4 | 7.0 | 8.6 | |||
| Other mining and quarrying | 2.9 | 3.5 | 1.0 | 1.2 | 1.5 | 3.1 | |||
| Subtotal, primary industries | 22.6 | 23.9 | 19.3 | 18.9 | 19.4 | 22.1 | |||
| Manufacturing | 9.4 | 10.0 | 11.4 | 11.0 | 10.2 | 12.0 | |||
| Meat processing | 0.5 | 0.4 | 0.4 | 0.3 | 0.3 | 0.2 | |||
| Fish processing | 1.8 | 2.1 | 2.6 | 2.1 | 1.2 | 1.3 | |||
| Food products and beverages | 4.4 | 4.6 | 4.9 | 4.6 | 4.5 | 4.2 | |||
| Other manufacturing | 2.7 | 2.9 | 3.6 | 3.9 | 4.3 | 6.3 | |||
| Electricity and water | 2.2 | 2.6 | 3.0 | 3.3 | 3.4 | 2.7 | |||
| Construction | 2.8 | 2.2 | 3.0 | 3.0 | 3.1 | 3.7 | |||
| Subtotal, secondary industries | 14.5 | 14.8 | 17.4 | 17.3 | 16.7 | 18.4 | |||
| Wholesale and retail trade and repairs | 10.8 | 10.4 | 11.8 | 10.9 | 10.7 | 11.1 | |||
| Hotels and restaurants | 1.7 | 1.7 | 1.9 | 1.8 | 1.7 | 1.5 | |||
| Transport and communications | 5.5 | 6.3 | 7.0 | 7.3 | 7.6 | 7.1 | |||
| Transport and storage | 3.5 | 3.9 | 4.2 | 4.1 | 4.1 | 3.9 | |||
| Post and telecommunications | 2.0 | 2.4 | 2.9 | 3.2 | 3.5 | 3.2 | |||
| Finance, real estate, and business services | 11.3 | 10.8 | 11.7 | 11.9 | 12.0 | 15.1 | |||
| Financial intermediation | 3.5 | 3.3 | 3.7 | 3.3 | 3.7 | 3.3 | |||
| Financial services indirectly measured | -1.2 | -1.1 | -1.3 | -1.1 | -1.1 | -1.2 | |||
| Real estate and business services | 9.0 | 8.6 | 9.3 | 9.7 | 9.5 | 8.7 | |||
| Owner-occupied dwellings | 4.8 | 4.4 | 4.7 | 4.8 | 4.7 | 4.3 | |||
| Other real estate and business services | 4.3 | 4.2 | 4.6 | 4.9 | 4.8 | 4.4 | |||
| Community, social, and personal services | 0.8 | 0.7 | 0.8 | 0.8 | 0.8 | 0.8 | |||
| General government | 21.0 | 19.9 | 20.3 | 19.6 | 19.5 | 17.6 | |||
| Other producers | 1.8 | 1.7 | 1.8 | 1.8 | 1.7 | 1.5 | |||
| Subtotal, tertiary industries | 52.9 | 51.7 | 55.4 | 54.0 | 54.0 | 50.4 | |||
| Taxes less subsidies on products | 10.0 | 9.6 | 7.8 | 9.8 | 9.9 | 9.1 | |||
| GDP at market prices | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | |||
Namibia: GDP by Industrial Origin at Constant 1995 Prices, 2001–06 1/
Columns may not sum due to rounding error.
Namibia: GDP by Industrial Origin at Constant 1995 Prices, 2001–06 1/
| 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | ||||
|---|---|---|---|---|---|---|---|---|---|
| (In millions of Namibia dollars) | |||||||||
| GDP at constant basic prices | 13,488 | 14,439 | 14,986 | 16,088 | 16,938 | 17,650 | |||
| Agriculture | 899 | 975 | 1,010 | 1,019 | 1,130 | 1,175 | |||
| Commercial agriculture | 589 | 723 | 755 | 681 | 738 | 746 | |||
| Subsistence agriculture | 310 | 252 | 255 | 338 | 391 | 430 | |||
| Fishing | 631 | 703 | 732 | 666 | 643 | 612 | |||
| Mining and quarrying | 1,117 | 1,296 | 1,237 | 1,688 | 1,665 | 1,922 | |||
| Diamond mining | 803 | 942 | 909 | 1,260 | 1,217 | 1,524 | |||
| Other mining and quarrying | 314 | 355 | 328 | 428 | 448 | 398 | |||
| Subtotal, primary industries | 2,647 | 2,974 | 2,979 | 3,372 | 3,438 | 3,709 | |||
| Manufacturing | 1,657 | 1,816 | 1,911 | 1,968 | 2,009 | 1,842 | |||
| Meat processing | 107 | 109 | 97 | 88 | 95 | 84 | |||
| Fish processing | 204 | 183 | 277 | 269 | 256 | 159 | |||
| Food products and beverages | 808 | 875 | 872 | 885 | 929 | 980 | |||
| Other manufacturing | 538 | 648 | 665 | 726 | 728 | 618 | |||
| Electricity and water | 228 | 230 | 266 | 279 | 315 | 299 | |||
| Construction | 527 | 459 | 564 | 562 | 586 | 777 | |||
| Subtotal, secondary industries | 2,412 | 2,505 | 2,741 | 2,808 | 2,910 | 2,918 | |||
| Wholesale and retail trade and repairs | 1,496 | 1,607 | 1,674 | 1,801 | 1,915 | 2,117 | |||
| Hotels and restaurants | 292 | 316 | 332 | 321 | 322 | 332 | |||
| Transport and communications | 1,196 | 1,332 | 1,372 | 1,558 | 1,815 | 2,014 | |||
| Transport and storage | 725 | 837 | 753 | 816 | 863 | 964 | |||
| Post and telecommunications | 471 | 494 | 619 | 741 | 952 | 1,050 | |||
| Finance, real estate, and business services | 1,733 | 1,854 | 1,958 | 2,123 | 2,263 | 2,316 | |||
| Financial intermediation | 498 | 514 | 564 | 646 | 768 | 788 | |||
| Financial services indirectly measured | -158 | -155 | -178 | -206 | -233 | -276 | |||
| Real estate and business services | 1,393 | 1,494 | 1,572 | 1,683 | 1,728 | 1,804 | |||
| Owner-occupied dwellings | 711 | 740 | 759 | 778 | 816 | 861 | |||
| Other real estate and business services | 682 | 754 | 813 | 906 | 912 | 943 | |||
| Community, social, and personal services | 133 | 137 | 144 | 135 | 140 | 144 | |||
| General government | 3,281 | 3,408 | 3,475 | 3,650 | 3,811 | 3,769 | |||
| Other producers | 298 | 307 | 310 | 318 | 324 | 330 | |||
| Subtotal, tertiary industries | 8,428 | 8,959 | 9,266 | 9,907 | 10,591 | 11,023 | |||
| Taxes less subsidies on products | 1,974 | 2,055 | 2,083 | 2,112 | 2,140 | 2,204 | |||
| GDP at constant 1995 prices | 15,462 | 16,494 | 17,069 | 18,201 | 19,077 | 19,854 | |||
| Memorandum items: | |||||||||
| GDP at current basic prices | 24,916 | 29,747 | 31,187 | 32,930 | 35,798 | 42,698 | |||
| GDP deflator | 179 | 200 | 198 | 201 | 208 | 237 | |||
| GDP at current market prices | 27,686 | 32,908 | 33,842 | 36,496 | 39,711 | 46,971 | |||
Columns may not sum due to rounding error.
Namibia: GDP by Industrial Origin at Constant 1995 Prices, 2001–06 1/
| 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | ||||
|---|---|---|---|---|---|---|---|---|---|
| (In millions of Namibia dollars) | |||||||||
| GDP at constant basic prices | 13,488 | 14,439 | 14,986 | 16,088 | 16,938 | 17,650 | |||
| Agriculture | 899 | 975 | 1,010 | 1,019 | 1,130 | 1,175 | |||
| Commercial agriculture | 589 | 723 | 755 | 681 | 738 | 746 | |||
| Subsistence agriculture | 310 | 252 | 255 | 338 | 391 | 430 | |||
| Fishing | 631 | 703 | 732 | 666 | 643 | 612 | |||
| Mining and quarrying | 1,117 | 1,296 | 1,237 | 1,688 | 1,665 | 1,922 | |||
| Diamond mining | 803 | 942 | 909 | 1,260 | 1,217 | 1,524 | |||
| Other mining and quarrying | 314 | 355 | 328 | 428 | 448 | 398 | |||
| Subtotal, primary industries | 2,647 | 2,974 | 2,979 | 3,372 | 3,438 | 3,709 | |||
| Manufacturing | 1,657 | 1,816 | 1,911 | 1,968 | 2,009 | 1,842 | |||
| Meat processing | 107 | 109 | 97 | 88 | 95 | 84 | |||
| Fish processing | 204 | 183 | 277 | 269 | 256 | 159 | |||
| Food products and beverages | 808 | 875 | 872 | 885 | 929 | 980 | |||
| Other manufacturing | 538 | 648 | 665 | 726 | 728 | 618 | |||
| Electricity and water | 228 | 230 | 266 | 279 | 315 | 299 | |||
| Construction | 527 | 459 | 564 | 562 | 586 | 777 | |||
| Subtotal, secondary industries | 2,412 | 2,505 | 2,741 | 2,808 | 2,910 | 2,918 | |||
| Wholesale and retail trade and repairs | 1,496 | 1,607 | 1,674 | 1,801 | 1,915 | 2,117 | |||
| Hotels and restaurants | 292 | 316 | 332 | 321 | 322 | 332 | |||
| Transport and communications | 1,196 | 1,332 | 1,372 | 1,558 | 1,815 | 2,014 | |||
| Transport and storage | 725 | 837 | 753 | 816 | 863 | 964 | |||
| Post and telecommunications | 471 | 494 | 619 | 741 | 952 | 1,050 | |||
| Finance, real estate, and business services | 1,733 | 1,854 | 1,958 | 2,123 | 2,263 | 2,316 | |||
| Financial intermediation | 498 | 514 | 564 | 646 | 768 | 788 | |||
| Financial services indirectly measured | -158 | -155 | -178 | -206 | -233 | -276 | |||
| Real estate and business services | 1,393 | 1,494 | 1,572 | 1,683 | 1,728 | 1,804 | |||
| Owner-occupied dwellings | 711 | 740 | 759 | 778 | 816 | 861 | |||
| Other real estate and business services | 682 | 754 | 813 | 906 | 912 | 943 | |||
| Community, social, and personal services | 133 | 137 | 144 | 135 | 140 | 144 | |||
| General government | 3,281 | 3,408 | 3,475 | 3,650 | 3,811 | 3,769 | |||
| Other producers | 298 | 307 | 310 | 318 | 324 | 330 | |||
| Subtotal, tertiary industries | 8,428 | 8,959 | 9,266 | 9,907 | 10,591 | 11,023 | |||
| Taxes less subsidies on products | 1,974 | 2,055 | 2,083 | 2,112 | 2,140 | 2,204 | |||
| GDP at constant 1995 prices | 15,462 | 16,494 | 17,069 | 18,201 | 19,077 | 19,854 | |||
| Memorandum items: | |||||||||
| GDP at current basic prices | 24,916 | 29,747 | 31,187 | 32,930 | 35,798 | 42,698 | |||
| GDP deflator | 179 | 200 | 198 | 201 | 208 | 237 | |||
| GDP at current market prices | 27,686 | 32,908 | 33,842 | 36,496 | 39,711 | 46,971 | |||
Columns may not sum due to rounding error.
Namibia: GDP Growth by Industrial Origin at Constant 1995 Prices, 2001–06
Namibia: GDP Growth by Industrial Origin at Constant 1995 Prices, 2001–06
| 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | ||||
|---|---|---|---|---|---|---|---|---|---|
| (Annual percentage change) | |||||||||
| GDP at constant basic prices | 2.1 | 7.1 | 3.8 | 7.4 | 5.3 | 4.2 | |||
| Agriculture | -14.9 | 8.5 | 3.6 | 0.9 | 10.9 | 4.0 | |||
| Commercial agriculture | -9.2 | 22.8 | 4.4 | -9.8 | 8.4 | 1.1 | |||
| Subsistence agriculture | -24.0 | -18.7 | 1.2 | 32.5 | 15.7 | 10.0 | |||
| Fishing | -1.5 | 11.4 | 4.2 | -9.0 | -3.5 | -4.8 | |||
| Mining and quarrying | -6.1 | 16.0 | -4.6 | 36.5 | -1.4 | 15.4 | |||
| Diamond mining | -5.1 | 17.3 | -3.5 | 38.6 | -3.4 | 25.2 | |||
| Other mining and quarrying | -8.5 | 13.1 | -7.6 | 30.5 | 4.7 | -11.2 | |||
| Subtotal, primary industries | -8.3 | 12.4 | 0.2 | 13.2 | 2.0 | 7.9 | |||
| Manufacturing | 5.5 | 9.6 | 5.2 | 3.0 | 2.1 | -8.3 | |||
| Meat processing | 6.4 | 2.1 | -11.2 | -9.3 | 8.0 | -11.6 | |||
| Fish processing | -15.3 | -10.3 | 51.4 | -2.9 | -4.8 | -37.9 | |||
| Food products and beverages | 4.4 | 8.3 | -0.4 | 1.5 | 5.0 | 5.5 | |||
| Other manufacturing | 18.3 | 20.5 | 2.6 | 9.2 | 0.3 | -15.1 | |||
| Electricity and water | -23.8 | 1.1 | 15.4 | 4.9 | 12.9 | -5.1 | |||
| Construction | 53.1 | -13.0 | 22.9 | -0.4 | 4.3 | 32.6 | |||
| Subtotal, secondary industries | 8.9 | 3.9 | 9.4 | 2.4 | 3.6 | 0.3 | |||
| Wholesale and retail trade and repairs | 2.8 | 7.4 | 4.2 | 7.6 | 6.3 | 10.5 | |||
| Hotels and restaurants | 8.4 | 8.4 | 4.9 | -3.3 | 0.3 | 3.1 | |||
| Transport and communications | 14.0 | 11.4 | 3.0 | 13.6 | 16.5 | 11.0 | |||
| Transport and storage | 8.1 | 15.4 | -10.0 | 8.4 | 5.8 | 11.7 | |||
| Post and telecommunications | 24.3 | 5.0 | 25.3 | 19.7 | 28.5 | 10.3 | |||
| Finance, real estate, and business services | 3.4 | 7.0 | 5.6 | 8.4 | 6.6 | 2.3 | |||
| Financial intermediation | 1.7 | 3.3 | 9.7 | 14.5 | 18.9 | 2.6 | |||
| Financial services indirectly measured | 4.5 | -1.9 | 15.1 | 15.7 | 13.1 | 18.5 | |||
| Real estate and business services | 4.1 | 7.3 | 5.2 | 7.1 | 2.7 | 4.4 | |||
| Owner-occupied dwellings | 2.5 | 4.1 | 2.6 | 2.5 | 4.9 | 5.5 | |||
| Other real estate and business services | 5.8 | 10.6 | 7.8 | 11.4 | 0.7 | 3.4 | |||
| Community, social, and personal services | 0.2 | 2.9 | 5.2 | -6.3 | 3.7 | 2.9 | |||
| General government | 1.4 | 3.9 | 2.0 | 5.0 | 4.4 | -1.1 | |||
| Other producers | 2.2 | 2.9 | 1.0 | 2.6 | 1.9 | 1.9 | |||
| Subtotal, tertiary industries | 3.9 | 6.3 | 3.4 | 6.9 | 6.9 | 4.1 | |||
| Taxes less subsidies on products | 4.5 | 4.1 | 1.4 | 1.4 | 1.3 | 3.0 | |||
| GDP at constant 1995 prices | 2.4 | 6.7 | 3.5 | 6.6 | 4.8 | 4.1 | |||
| Memorandum items: | |||||||||
| GDP at current basic prices | 16.6 | 19.4 | 4.8 | 5.6 | 8.7 | 19.3 | |||
| GDP deflator | 14.1 | 11.4 | -0.6 | 1.1 | 3.8 | 13.7 | |||
| GDP at current market prices | 16.9 | 18.9 | 2.8 | 7.8 | 8.8 | 18.3 | |||
Namibia: GDP Growth by Industrial Origin at Constant 1995 Prices, 2001–06
| 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | ||||
|---|---|---|---|---|---|---|---|---|---|
| (Annual percentage change) | |||||||||
| GDP at constant basic prices | 2.1 | 7.1 | 3.8 | 7.4 | 5.3 | 4.2 | |||
| Agriculture | -14.9 | 8.5 | 3.6 | 0.9 | 10.9 | 4.0 | |||
| Commercial agriculture | -9.2 | 22.8 | 4.4 | -9.8 | 8.4 | 1.1 | |||
| Subsistence agriculture | -24.0 | -18.7 | 1.2 | 32.5 | 15.7 | 10.0 | |||
| Fishing | -1.5 | 11.4 | 4.2 | -9.0 | -3.5 | -4.8 | |||
| Mining and quarrying | -6.1 | 16.0 | -4.6 | 36.5 | -1.4 | 15.4 | |||
| Diamond mining | -5.1 | 17.3 | -3.5 | 38.6 | -3.4 | 25.2 | |||
| Other mining and quarrying | -8.5 | 13.1 | -7.6 | 30.5 | 4.7 | -11.2 | |||
| Subtotal, primary industries | -8.3 | 12.4 | 0.2 | 13.2 | 2.0 | 7.9 | |||
| Manufacturing | 5.5 | 9.6 | 5.2 | 3.0 | 2.1 | -8.3 | |||
| Meat processing | 6.4 | 2.1 | -11.2 | -9.3 | 8.0 | -11.6 | |||
| Fish processing | -15.3 | -10.3 | 51.4 | -2.9 | -4.8 | -37.9 | |||
| Food products and beverages | 4.4 | 8.3 | -0.4 | 1.5 | 5.0 | 5.5 | |||
| Other manufacturing | 18.3 | 20.5 | 2.6 | 9.2 | 0.3 | -15.1 | |||
| Electricity and water | -23.8 | 1.1 | 15.4 | 4.9 | 12.9 | -5.1 | |||
| Construction | 53.1 | -13.0 | 22.9 | -0.4 | 4.3 | 32.6 | |||
| Subtotal, secondary industries | 8.9 | 3.9 | 9.4 | 2.4 | 3.6 | 0.3 | |||
| Wholesale and retail trade and repairs | 2.8 | 7.4 | 4.2 | 7.6 | 6.3 | 10.5 | |||
| Hotels and restaurants | 8.4 | 8.4 | 4.9 | -3.3 | 0.3 | 3.1 | |||
| Transport and communications | 14.0 | 11.4 | 3.0 | 13.6 | 16.5 | 11.0 | |||
| Transport and storage | 8.1 | 15.4 | -10.0 | 8.4 | 5.8 | 11.7 | |||
| Post and telecommunications | 24.3 | 5.0 | 25.3 | 19.7 | 28.5 | 10.3 | |||
| Finance, real estate, and business services | 3.4 | 7.0 | 5.6 | 8.4 | 6.6 | 2.3 | |||
| Financial intermediation | 1.7 | 3.3 | 9.7 | 14.5 | 18.9 | 2.6 | |||
| Financial services indirectly measured | 4.5 | -1.9 | 15.1 | 15.7 | 13.1 | 18.5 | |||
| Real estate and business services | 4.1 | 7.3 | 5.2 | 7.1 | 2.7 | 4.4 | |||
| Owner-occupied dwellings | 2.5 | 4.1 | 2.6 | 2.5 | 4.9 | 5.5 | |||
| Other real estate and business services | 5.8 | 10.6 | 7.8 | 11.4 | 0.7 | 3.4 | |||
| Community, social, and personal services | 0.2 | 2.9 | 5.2 | -6.3 | 3.7 | 2.9 | |||
| General government | 1.4 | 3.9 | 2.0 | 5.0 | 4.4 | -1.1 | |||
| Other producers | 2.2 | 2.9 | 1.0 | 2.6 | 1.9 | 1.9 | |||
| Subtotal, tertiary industries | 3.9 | 6.3 | 3.4 | 6.9 | 6.9 | 4.1 | |||
| Taxes less subsidies on products | 4.5 | 4.1 | 1.4 | 1.4 | 1.3 | 3.0 | |||
| GDP at constant 1995 prices | 2.4 | 6.7 | 3.5 | 6.6 | 4.8 | 4.1 | |||
| Memorandum items: | |||||||||
| GDP at current basic prices | 16.6 | 19.4 | 4.8 | 5.6 | 8.7 | 19.3 | |||
| GDP deflator | 14.1 | 11.4 | -0.6 | 1.1 | 3.8 | 13.7 | |||
| GDP at current market prices | 16.9 | 18.9 | 2.8 | 7.8 | 8.8 | 18.3 | |||
Namibia: Expenditure on GDP, 2001–06 1/
Columns may not sum due to rounding error.
Changes in inventories includes only livestock, ores and minerals. Discrepency includes other changes in inventories.
Namibia: Expenditure on GDP, 2001–06 1/
| 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | |||||
|---|---|---|---|---|---|---|---|---|---|---|
| (In millions of Namibia dollars) | ||||||||||
| Expenditure on GDP at market prices | 27,686 | 32,908 | 33,842 | 36,496 | 39,711 | 46,971 | ||||
| Gross domestic expenditure | 30,434 | 33,477 | 37,853 | 39,424 | 40,874 | 46,314 | ||||
| Final consumption expenditure | 23,949 | 26,981 | 27,766 | 30,059 | 30,617 | 33,758 | ||||
| Private | 16,094 | 18,289 | 18,797 | 21,031 | 20,882 | 23,204 | ||||
| General government | 7,856 | 8,692 | 8,969 | 9,027 | 9,734 | 10,554 | ||||
| Gross capital formation | 6,073 | 6,964 | 9,867 | 9,190 | 9,727 | 12,235 | ||||
| Public | 2,417 | 2,052 | 2,383 | 2,673 | 2,640 | 2,923 | ||||
| Producers of government services | 1,059 | 1,042 | 1,058 | 1,340 | 1,497 | 1,673 | ||||
| Public corporations and enterprises | 1,358 | 1,010 | 1,325 | 1,333 | 1,143 | 1,250 | ||||
| Private | 3,656 | 4,912 | 7,484 | 6,692 | 7,087 | 9,312 | ||||
| Changes in inventories 2/ | 412 | -468 | 220 | 175 | 530 | 321 | ||||
| Discrepency 2/ | -968 | 77 | -2,790 | -693 | 197 | 799 | ||||
| Net exports | -1,780 | -646 | -1,221 | -2,235 | -1,360 | -142 | ||||
| Exports of goods and services | 12,446 | 16,320 | 17,396 | 16,757 | 18,901 | 24,534 | ||||
| Imports of goods and services | 14,226 | 16,966 | 18,617 | 18,992 | 20,261 | 24,676 | ||||
| (Percent of expenditure on GDP) | ||||||||||
| Gross domestic expenditure | 109.9 | 101.7 | 111.9 | 108.0 | 102.9 | 98.6 | ||||
| Final consumption expenditure | 86.5 | 82.0 | 82.0 | 82.4 | 77.1 | 71.9 | ||||
| General government | 28.4 | 26.4 | 26.5 | 24.7 | 24.5 | 22.5 | ||||
| Private | 58.1 | 55.6 | 55.5 | 57.6 | 52.6 | 49.4 | ||||
| Gross capital formation | 21.9 | 21.2 | 29.2 | 25.2 | 24.5 | 26.0 | ||||
| Public | 8.7 | 6.2 | 7.0 | 7.3 | 6.6 | 6.2 | ||||
| Private | 13.2 | 14.9 | 22.1 | 18.3 | 17.8 | 19.8 | ||||
| Changes in inventories 2/ | 1.5 | -1.4 | 0.7 | 0.5 | 1.3 | 0.7 | ||||
| Discrepency 2/ | -3.5 | 0.2 | -8.2 | -1.9 | 0.5 | 1.7 | ||||
| Net exports | -6.4 | -2.0 | -3.6 | -6.1 | -3.4 | -0.3 | ||||
| Exports of goods and services | 45.0 | 49.6 | 51.4 | 45.9 | 47.6 | 52.2 | ||||
| Imports of goods and services | 51.4 | 51.6 | 55.0 | 52.0 | 51.0 | 52.5 | ||||
Columns may not sum due to rounding error.
Changes in inventories includes only livestock, ores and minerals. Discrepency includes other changes in inventories.
Namibia: Expenditure on GDP, 2001–06 1/
| 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | |||||
|---|---|---|---|---|---|---|---|---|---|---|
| (In millions of Namibia dollars) | ||||||||||
| Expenditure on GDP at market prices | 27,686 | 32,908 | 33,842 | 36,496 | 39,711 | 46,971 | ||||
| Gross domestic expenditure | 30,434 | 33,477 | 37,853 | 39,424 | 40,874 | 46,314 | ||||
| Final consumption expenditure | 23,949 | 26,981 | 27,766 | 30,059 | 30,617 | 33,758 | ||||
| Private | 16,094 | 18,289 | 18,797 | 21,031 | 20,882 | 23,204 | ||||
| General government | 7,856 | 8,692 | 8,969 | 9,027 | 9,734 | 10,554 | ||||
| Gross capital formation | 6,073 | 6,964 | 9,867 | 9,190 | 9,727 | 12,235 | ||||
| Public | 2,417 | 2,052 | 2,383 | 2,673 | 2,640 | 2,923 | ||||
| Producers of government services | 1,059 | 1,042 | 1,058 | 1,340 | 1,497 | 1,673 | ||||
| Public corporations and enterprises | 1,358 | 1,010 | 1,325 | 1,333 | 1,143 | 1,250 | ||||
| Private | 3,656 | 4,912 | 7,484 | 6,692 | 7,087 | 9,312 | ||||
| Changes in inventories 2/ | 412 | -468 | 220 | 175 | 530 | 321 | ||||
| Discrepency 2/ | -968 | 77 | -2,790 | -693 | 197 | 799 | ||||
| Net exports | -1,780 | -646 | -1,221 | -2,235 | -1,360 | -142 | ||||
| Exports of goods and services | 12,446 | 16,320 | 17,396 | 16,757 | 18,901 | 24,534 | ||||
| Imports of goods and services | 14,226 | 16,966 | 18,617 | 18,992 | 20,261 | 24,676 | ||||
| (Percent of expenditure on GDP) | ||||||||||
| Gross domestic expenditure | 109.9 | 101.7 | 111.9 | 108.0 | 102.9 | 98.6 | ||||
| Final consumption expenditure | 86.5 | 82.0 | 82.0 | 82.4 | 77.1 | 71.9 | ||||
| General government | 28.4 | 26.4 | 26.5 | 24.7 | 24.5 | 22.5 | ||||
| Private | 58.1 | 55.6 | 55.5 | 57.6 | 52.6 | 49.4 | ||||
| Gross capital formation | 21.9 | 21.2 | 29.2 | 25.2 | 24.5 | 26.0 | ||||
| Public | 8.7 | 6.2 | 7.0 | 7.3 | 6.6 | 6.2 | ||||
| Private | 13.2 | 14.9 | 22.1 | 18.3 | 17.8 | 19.8 | ||||
| Changes in inventories 2/ | 1.5 | -1.4 | 0.7 | 0.5 | 1.3 | 0.7 | ||||
| Discrepency 2/ | -3.5 | 0.2 | -8.2 | -1.9 | 0.5 | 1.7 | ||||
| Net exports | -6.4 | -2.0 | -3.6 | -6.1 | -3.4 | -0.3 | ||||
| Exports of goods and services | 45.0 | 49.6 | 51.4 | 45.9 | 47.6 | 52.2 | ||||
| Imports of goods and services | 51.4 | 51.6 | 55.0 | 52.0 | 51.0 | 52.5 | ||||
Columns may not sum due to rounding error.
Changes in inventories includes only livestock, ores and minerals. Discrepency includes other changes in inventories.
Namibia: National Consumer Price Index (NCPI), January 2005–October 2007
(Index, December 2001=100)
Namibia: National Consumer Price Index (NCPI), January 2005–October 2007
(Index, December 2001=100)
| Food | Beverages and Tobacco |
Clothing and Footwear |
Housing, Fuel, and Power |
Household Goods |
Health | Transport | Communications | Recreation and Culture |
Education | Hotels, cafes and Restaurants |
Miscellaneous Goods and Services |
All items | 12 Month Inflation |
||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Weights | 29.6 | 3.3 | 5.1 | 20.6 | 5.6 | 1.5 | 14.8 | 0.9 | 2.5 | 7.4 | 1.6 | 7.1 | 100.0 | ||
| 2005 | |||||||||||||||
| January | 122.9 | 124.1 | 109.8 | 123.8 | 112.5 | 113.4 | 128.7 | 108.6 | 110.7 | 138.8 | 124.9 | 109.4 | 121.7 | 2.5 | |
| February | 123.0 | 124.2 | 109.7 | 122.6 | 112.5 | 113.6 | 129.7 | 108.5 | 111.7 | 140.8 | 126.0 | 109.5 | 121.9 | 2.6 | |
| March | 122.8 | 127.3 | 109.4 | 122.6 | 112.4 | 113.1 | 128.2 | 108.5 | 110.1 | 140.8 | 125.6 | 107.5 | 121.3 | 1.7 | |
| April | 123.7 | 129.5 | 109.4 | 122.3 | 112.5 | 113.3 | 129.1 | 108.5 | 110.9 | 140.8 | 126.3 | 108.2 | 121.8 | 1.6 | |
| May | 121.8 | 130.6 | 108.8 | 122.3 | 112.8 | 113.7 | 130.0 | 108.5 | 111.9 | 140.8 | 126.3 | 108.0 | 121.4 | 0.9 | |
| June | 122.2 | 131.2 | 108.6 | 122.4 | 113.5 | 113.6 | 130.5 | 108.5 | 111.3 | 140.8 | 126.7 | 107.8 | 121.6 | 1.2 | |
| July | 123.1 | 131.9 | 108.6 | 125.3 | 113.8 | 113.6 | 130.5 | 108.5 | 111.2 | 140.8 | 127.5 | 108.1 | 122.6 | 1.7 | |
| August | 124.3 | 132.1 | 108.6 | 126.0 | 114.6 | 113.3 | 133.8 | 108.5 | 110.7 | 140.8 | 127.8 | 107.6 | 123.5 | 2.2 | |
| September | 125.7 | 132.3 | 106.6 | 126.1 | 115.0 | 113.8 | 136.6 | 108.5 | 110.9 | 140.8 | 127.7 | 107.5 | 124.2 | 3.0 | |
| October | 127.2 | 132.4 | 107.0 | 126.1 | 115.7 | 109.5 | 136.7 | 108.8 | 111.0 | 140.8 | 128.5 | 107.3 | 124.5 | 2.9 | |
| November | 127.9 | 132.5 | 106.2 | 126.1 | 116.2 | 109.9 | 136.7 | 108.8 | 111.2 | 140.8 | 129.1 | 107.5 | 124.8 | 3.4 | |
| December | 128.2 | 133.3 | 105.3 | 126.3 | 115.7 | 109.9 | 136.6 | 108.8 | 112.2 | 140.8 | 129.1 | 107.5 | 125.0 | 3.5 | |
| Average | 124.4 | 130.1 | 108.2 | 124.3 | 113.9 | 112.6 | 132.3 | 108.6 | 111.2 | 140.6 | 127.1 | 108.0 | 122.9 | 2.3 | |
| 2006 | |||||||||||||||
| January | 128.7 | 133.8 | 104.7 | 126.4 | 115.4 | 110.0 | 137.6 | 108.8 | 112.2 | 149.9 | 130.5 | 109.5 | 126.1 | 3.6 | |
| February | 128.3 | 134.3 | 104.2 | 126.5 | 115.6 | 109.6 | 137.9 | 109.0 | 111.8 | 149.9 | 131.4 | 114.2 | 126.4 | 3.7 | |
| March | 129.5 | 137.5 | 103.5 | 126.5 | 115.7 | 109.7 | 138.0 | 109.0 | 112.8 | 149.9 | 131.7 | 114.3 | 126.9 | 4.6 | |
| April | 129.7 | 138.8 | 103.9 | 126.5 | 115.9 | 110.2 | 138.8 | 109.0 | 112.9 | 149.9 | 132.1 | 114.6 | 127.2 | 4.4 | |
| May | 130.6 | 139.2 | 104.5 | 126.6 | 115.8 | 110.1 | 138.9 | 109.0 | 113.1 | 149.9 | 132.9 | 114.6 | 127.5 | 5.0 | |
| June | 131.3 | 139.6 | 104.1 | 126.7 | 116.1 | 110.0 | 141.0 | 109.1 | 113.4 | 149.9 | 133.9 | 113.6 | 128.0 | 5.3 | |
| July | 131.2 | 140.4 | 103.6 | 129.3 | 116.1 | 110.0 | 142.5 | 109.1 | 114.3 | 149.9 | 134.6 | 115.4 | 128.9 | 5.1 | |
| August | 132.4 | 141.7 | 105.9 | 129.9 | 116.5 | 110.1 | 147.5 | 109.1 | 114.5 | 149.9 | 134.9 | 115.7 | 130.2 | 5.4 | |
| September | 134.2 | 142.6 | 106.7 | 130.2 | 118.5 | 110.1 | 147.8 | 109.1 | 114.9 | 149.9 | 135.9 | 116.1 | 131.0 | 5.5 | |
| October | 136.1 | 142.7 | 106.2 | 130.2 | 118.6 | 110.5 | 149.2 | 109.3 | 115.4 | 149.9 | 136.7 | 116.2 | 131.7 | 5.8 | |
| November | 138.6 | 143.0 | 106.2 | 130.3 | 118.7 | 110.6 | 149.2 | 109.8 | 115.6 | 149.9 | 136.7 | 116.8 | 132.4 | 6.1 | |
| December | 139.5 | 143.2 | 106.6 | 130.5 | 119.2 | 110.9 | 147.2 | 109.8 | 115.8 | 149.9 | 137.3 | 116.9 | 132.5 | 6.0 | |
| Average | 132.5 | 139.7 | 105.0 | 128.3 | 116.8 | 110.2 | 143.0 | 109.2 | 113.9 | 149.9 | 134.1 | 114.8 | 129.1 | 5.1 | |
| 2007 | |||||||||||||||
| January | 140.6 | 143.1 | 107.0 | 130.9 | 119.2 | 114.2 | 146.2 | 109.9 | 117.6 | 158.9 | 138.9 | 117.1 | 133.7 | 6.0 | |
| February | 140.8 | 143.2 | 106.8 | 131.0 | 120.2 | 115.1 | 147.5 | 109.9 | 117.4 | 158.9 | 139.5 | 116.9 | 134.0 | 6.0 | |
| March | 142.7 | 148.0 | 108.4 | 131.0 | 120.5 | 115.3 | 147.1 | 109.9 | 118.5 | 158.9 | 140.5 | 116.7 | 134.9 | 6.3 | |
| April | 145.0 | 149.0 | 107.7 | 131.0 | 120.9 | 115.4 | 148.9 | 109.9 | 118.8 | 158.9 | 141.6 | 116.9 | 135.9 | 6.8 | |
| May | 146.5 | 150.0 | 107.6 | 131.1 | 121.0 | 115.0 | 150.0 | 109.9 | 118.9 | 158.9 | 141.3 | 117.0 | 136.6 | 7.1 | |
| June | 147.1 | 150.6 | 107.4 | 130.0 | 121.7 | 115.2 | 151.0 | 109.9 | 119.3 | 158.9 | 142.3 | 117.1 | 137.0 | 7.0 | |
| July | 148.8 | 151.6 | 107.6 | 133.7 | 121.8 | 115.4 | 152.7 | 109.9 | 119.3 | 158.9 | 142.7 | 117.3 | 138.2 | 7.2 | |
| August | 150.6 | 152.5 | 108.6 | 134.5 | 121.9 | 115.4 | 152.9 | 109.9 | 119.5 | 158.9 | 143.2 | 117.6 | 139.1 | 6.8 | |
| September | 152.2 | 152.2 | 109.5 | 134.6 | 122.3 | 115.4 | 154.9 | 109.9 | 118.7 | 158.9 | 145.3 | 117.2 | 139.8 | 6.7 | |
| October | 154.5 | 152.8 | 109.1 | 134.8 | 122.2 | 115.6 | 155.2 | 113.4 | 118.7 | 158.9 | 146.0 | 117.4 | 140.4 | 6.6 | |
Namibia: National Consumer Price Index (NCPI), January 2005–October 2007
(Index, December 2001=100)
| Food | Beverages and Tobacco |
Clothing and Footwear |
Housing, Fuel, and Power |
Household Goods |
Health | Transport | Communications | Recreation and Culture |
Education | Hotels, cafes and Restaurants |
Miscellaneous Goods and Services |
All items | 12 Month Inflation |
||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Weights | 29.6 | 3.3 | 5.1 | 20.6 | 5.6 | 1.5 | 14.8 | 0.9 | 2.5 | 7.4 | 1.6 | 7.1 | 100.0 | ||
| 2005 | |||||||||||||||
| January | 122.9 | 124.1 | 109.8 | 123.8 | 112.5 | 113.4 | 128.7 | 108.6 | 110.7 | 138.8 | 124.9 | 109.4 | 121.7 | 2.5 | |
| February | 123.0 | 124.2 | 109.7 | 122.6 | 112.5 | 113.6 | 129.7 | 108.5 | 111.7 | 140.8 | 126.0 | 109.5 | 121.9 | 2.6 | |
| March | 122.8 | 127.3 | 109.4 | 122.6 | 112.4 | 113.1 | 128.2 | 108.5 | 110.1 | 140.8 | 125.6 | 107.5 | 121.3 | 1.7 | |
| April | 123.7 | 129.5 | 109.4 | 122.3 | 112.5 | 113.3 | 129.1 | 108.5 | 110.9 | 140.8 | 126.3 | 108.2 | 121.8 | 1.6 | |
| May | 121.8 | 130.6 | 108.8 | 122.3 | 112.8 | 113.7 | 130.0 | 108.5 | 111.9 | 140.8 | 126.3 | 108.0 | 121.4 | 0.9 | |
| June | 122.2 | 131.2 | 108.6 | 122.4 | 113.5 | 113.6 | 130.5 | 108.5 | 111.3 | 140.8 | 126.7 | 107.8 | 121.6 | 1.2 | |
| July | 123.1 | 131.9 | 108.6 | 125.3 | 113.8 | 113.6 | 130.5 | 108.5 | 111.2 | 140.8 | 127.5 | 108.1 | 122.6 | 1.7 | |
| August | 124.3 | 132.1 | 108.6 | 126.0 | 114.6 | 113.3 | 133.8 | 108.5 | 110.7 | 140.8 | 127.8 | 107.6 | 123.5 | 2.2 | |
| September | 125.7 | 132.3 | 106.6 | 126.1 | 115.0 | 113.8 | 136.6 | 108.5 | 110.9 | 140.8 | 127.7 | 107.5 | 124.2 | 3.0 | |
| October | 127.2 | 132.4 | 107.0 | 126.1 | 115.7 | 109.5 | 136.7 | 108.8 | 111.0 | 140.8 | 128.5 | 107.3 | 124.5 | 2.9 | |
| November | 127.9 | 132.5 | 106.2 | 126.1 | 116.2 | 109.9 | 136.7 | 108.8 | 111.2 | 140.8 | 129.1 | 107.5 | 124.8 | 3.4 | |
| December | 128.2 | 133.3 | 105.3 | 126.3 | 115.7 | 109.9 | 136.6 | 108.8 | 112.2 | 140.8 | 129.1 | 107.5 | 125.0 | 3.5 | |
| Average | 124.4 | 130.1 | 108.2 | 124.3 | 113.9 | 112.6 | 132.3 | 108.6 | 111.2 | 140.6 | 127.1 | 108.0 | 122.9 | 2.3 | |
| 2006 | |||||||||||||||
| January | 128.7 | 133.8 | 104.7 | 126.4 | 115.4 | 110.0 | 137.6 | 108.8 | 112.2 | 149.9 | 130.5 | 109.5 | 126.1 | 3.6 | |
| February | 128.3 | 134.3 | 104.2 | 126.5 | 115.6 | 109.6 | 137.9 | 109.0 | 111.8 | 149.9 | 131.4 | 114.2 | 126.4 | 3.7 | |
| March | 129.5 | 137.5 | 103.5 | 126.5 | 115.7 | 109.7 | 138.0 | 109.0 | 112.8 | 149.9 | 131.7 | 114.3 | 126.9 | 4.6 | |
| April | 129.7 | 138.8 | 103.9 | 126.5 | 115.9 | 110.2 | 138.8 | 109.0 | 112.9 | 149.9 | 132.1 | 114.6 | 127.2 | 4.4 | |
| May | 130.6 | 139.2 | 104.5 | 126.6 | 115.8 | 110.1 | 138.9 | 109.0 | 113.1 | 149.9 | 132.9 | 114.6 | 127.5 | 5.0 | |
| June | 131.3 | 139.6 | 104.1 | 126.7 | 116.1 | 110.0 | 141.0 | 109.1 | 113.4 | 149.9 | 133.9 | 113.6 | 128.0 | 5.3 | |
| July | 131.2 | 140.4 | 103.6 | 129.3 | 116.1 | 110.0 | 142.5 | 109.1 | 114.3 | 149.9 | 134.6 | 115.4 | 128.9 | 5.1 | |
| August | 132.4 | 141.7 | 105.9 | 129.9 | 116.5 | 110.1 | 147.5 | 109.1 | 114.5 | 149.9 | 134.9 | 115.7 | 130.2 | 5.4 | |
| September | 134.2 | 142.6 | 106.7 | 130.2 | 118.5 | 110.1 | 147.8 | 109.1 | 114.9 | 149.9 | 135.9 | 116.1 | 131.0 | 5.5 | |
| October | 136.1 | 142.7 | 106.2 | 130.2 | 118.6 | 110.5 | 149.2 | 109.3 | 115.4 | 149.9 | 136.7 | 116.2 | 131.7 | 5.8 | |
| November | 138.6 | 143.0 | 106.2 | 130.3 | 118.7 | 110.6 | 149.2 | 109.8 | 115.6 | 149.9 | 136.7 | 116.8 | 132.4 | 6.1 | |
| December | 139.5 | 143.2 | 106.6 | 130.5 | 119.2 | 110.9 | 147.2 | 109.8 | 115.8 | 149.9 | 137.3 | 116.9 | 132.5 | 6.0 | |
| Average | 132.5 | 139.7 | 105.0 | 128.3 | 116.8 | 110.2 | 143.0 | 109.2 | 113.9 | 149.9 | 134.1 | 114.8 | 129.1 | 5.1 | |
| 2007 | |||||||||||||||
| January | 140.6 | 143.1 | 107.0 | 130.9 | 119.2 | 114.2 | 146.2 | 109.9 | 117.6 | 158.9 | 138.9 | 117.1 | 133.7 | 6.0 | |
| February | 140.8 | 143.2 | 106.8 | 131.0 | 120.2 | 115.1 | 147.5 | 109.9 | 117.4 | 158.9 | 139.5 | 116.9 | 134.0 | 6.0 | |
| March | 142.7 | 148.0 | 108.4 | 131.0 | 120.5 | 115.3 | 147.1 | 109.9 | 118.5 | 158.9 | 140.5 | 116.7 | 134.9 | 6.3 | |
| April | 145.0 | 149.0 | 107.7 | 131.0 | 120.9 | 115.4 | 148.9 | 109.9 | 118.8 | 158.9 | 141.6 | 116.9 | 135.9 | 6.8 | |
| May | 146.5 | 150.0 | 107.6 | 131.1 | 121.0 | 115.0 | 150.0 | 109.9 | 118.9 | 158.9 | 141.3 | 117.0 | 136.6 | 7.1 | |
| June | 147.1 | 150.6 | 107.4 | 130.0 | 121.7 | 115.2 | 151.0 | 109.9 | 119.3 | 158.9 | 142.3 | 117.1 | 137.0 | 7.0 | |
| July | 148.8 | 151.6 | 107.6 | 133.7 | 121.8 | 115.4 | 152.7 | 109.9 | 119.3 | 158.9 | 142.7 | 117.3 | 138.2 | 7.2 | |
| August | 150.6 | 152.5 | 108.6 | 134.5 | 121.9 | 115.4 | 152.9 | 109.9 | 119.5 | 158.9 | 143.2 | 117.6 | 139.1 | 6.8 | |
| September | 152.2 | 152.2 | 109.5 | 134.6 | 122.3 | 115.4 | 154.9 | 109.9 | 118.7 | 158.9 | 145.3 | 117.2 | 139.8 | 6.7 | |
| October | 154.5 | 152.8 | 109.1 | 134.8 | 122.2 | 115.6 | 155.2 | 113.4 | 118.7 | 158.9 | 146.0 | 117.4 | 140.4 | 6.6 | |
Namibia: Financial Operations of the Central Government, 2001/02–2006/07 1/
Fiscal year begins April 1.
Transfers from the common revenue pool (customs and excise) of the Southern African Customs Union.
Includes externally financed project spending (except for roads) that is not channeled through the state account.
Namibia: Financial Operations of the Central Government, 2001/02–2006/07 1/
| 2001/02 | 2002/03 | 2003/04 | 2004/05 | 2005/06 | 2006/07 Est. |
|||||
|---|---|---|---|---|---|---|---|---|---|---|
| (In millions of Namibia dollars) | ||||||||||
| Revenue and grants | 8,960 | 10,469 | 9,754 | 11,388 | 13,075 | 16,893 | ||||
| Revenue | 8,902 | 10,435 | 9,720 | 11,317 | 13,036 | 16,843 | ||||
| Tax revenue | 8,054 | 9,196 | 8,633 | 10,358 | 11,887 | 15,734 | ||||
| Personal income tax | 1,833 | 2,181 | 2,334 | 2,662 | 2,905 | 3,374 | ||||
| Corporate income tax | 1,335 | 2,113 | 1,198 | 1,222 | 1,573 | 2,161 | ||||
| Diamond mining | 764 | 1,157 | 175 | 301 | 199 | 360 | ||||
| Other mining | 106 | 284 | 3 | 8 | 1 | 351 | ||||
| Non-mining | 465 | 672 | 1,020 | 913 | 1,373 | 1,451 | ||||
| VAT and sales taxes | 1,938 | 2,009 | 1,756 | 1,828 | 3,108 | 3,002 | ||||
| International taxes (SACU receipts) 2/ | 2,641 | 2,597 | 3,036 | 4,207 | 3,892 | 6,698 | ||||
| Other | 306 | 296 | 309 | 439 | 408 | 500 | ||||
| Nontax revenue | 847 | 1,239 | 1,087 | 959 | 1,150 | 1,109 | ||||
| Diamond royalties | 286 | 479 | 302 | 385 | 405 | 482 | ||||
| Administrative fees, including license revenu | 258 | 388 | 461 | 349 | 519 | 412 | ||||
| Other | 303 | 372 | 324 | 225 | 226 | 215 | ||||
| Grants (tied) | 58 | 34 | 34 | 70 | 39 | 50 | ||||
| Expenditures | 10,256 | 11,573 | 12,335 | 12,640 | 13,279 | 15,243 | ||||
| Current expenditure | 8,717 | 9,482 | 10,387 | 10,684 | 11,614 | 12,512 | ||||
| Personnel | 4,326 | 4,709 | 5,117 | 5,446 | 5,889 | 6,213 | ||||
| Goods and services | 2,034 | 2,057 | 2,150 | 1,957 | 2,018 | 2,289 | ||||
| Interest payments | 587 | 823 | 865 | 999 | 1,162 | 1,263 | ||||
| Domestic | 559 | 772 | 814 | 930 | 1,080 | 1,169 | ||||
| Foreign | 28 | 52 | 51 | 69 | 82 | 94 | ||||
| Subsidies and current transfers | 1,770 | 1,893 | 2,255 | 2,282 | 2,546 | 2,747 | ||||
| Other | 0 | 0 | 0 | 0 | 0 | 0 | ||||
| Capital expenditure | 1,082 | 1,457 | 1,561 | 1,627 | 1,490 | 2,097 | ||||
| Acquisition of capital assets | 1,038 | 1,370 | 1,470 | 1,421 | 1,384 | … | ||||
| Capital transfers | 44 | 87 | 91 | 206 | 106 | … | ||||
| Net lending | 456 | 634 | 387 | 329 | 175 | 633 | ||||
| Overall balance 3/ | -1,296 | -1,104 | -2,581 | -1,253 | -204 | 1,650 | ||||
| Primary balance 3/ | -709 | -280 | -1,716 | -253 | 958 | 2,912 | ||||
| Statistical discrepancy | -132 | -27 | -59 | 200 | 9 | -66 | ||||
| Financing | 1,164 | 1,076 | 2,522 | 1,452 | 213 | -1,716 | ||||
| Domestic | 1,062 | 815 | 2,306 | 1,254 | 101 | -2,561 | ||||
| External | 103 | 261 | 216 | 198 | 112 | 162 | ||||
| Disbursements | 110 | 275 | 235 | 226 | 146 | 196 | ||||
| Amortization | -7 | -14 | -19 | -27 | -34 | -34 | ||||
| Privatization | 0 | 0 | 0 | 0 | 0 | 683 | ||||
Fiscal year begins April 1.
Transfers from the common revenue pool (customs and excise) of the Southern African Customs Union.
Includes externally financed project spending (except for roads) that is not channeled through the state account.
Namibia: Financial Operations of the Central Government, 2001/02–2006/07 1/
| 2001/02 | 2002/03 | 2003/04 | 2004/05 | 2005/06 | 2006/07 Est. |
|||||
|---|---|---|---|---|---|---|---|---|---|---|
| (In millions of Namibia dollars) | ||||||||||
| Revenue and grants | 8,960 | 10,469 | 9,754 | 11,388 | 13,075 | 16,893 | ||||
| Revenue | 8,902 | 10,435 | 9,720 | 11,317 | 13,036 | 16,843 | ||||
| Tax revenue | 8,054 | 9,196 | 8,633 | 10,358 | 11,887 | 15,734 | ||||
| Personal income tax | 1,833 | 2,181 | 2,334 | 2,662 | 2,905 | 3,374 | ||||
| Corporate income tax | 1,335 | 2,113 | 1,198 | 1,222 | 1,573 | 2,161 | ||||
| Diamond mining | 764 | 1,157 | 175 | 301 | 199 | 360 | ||||
| Other mining | 106 | 284 | 3 | 8 | 1 | 351 | ||||
| Non-mining | 465 | 672 | 1,020 | 913 | 1,373 | 1,451 | ||||
| VAT and sales taxes | 1,938 | 2,009 | 1,756 | 1,828 | 3,108 | 3,002 | ||||
| International taxes (SACU receipts) 2/ | 2,641 | 2,597 | 3,036 | 4,207 | 3,892 | 6,698 | ||||
| Other | 306 | 296 | 309 | 439 | 408 | 500 | ||||
| Nontax revenue | 847 | 1,239 | 1,087 | 959 | 1,150 | 1,109 | ||||
| Diamond royalties | 286 | 479 | 302 | 385 | 405 | 482 | ||||
| Administrative fees, including license revenu | 258 | 388 | 461 | 349 | 519 | 412 | ||||
| Other | 303 | 372 | 324 | 225 | 226 | 215 | ||||
| Grants (tied) | 58 | 34 | 34 | 70 | 39 | 50 | ||||
| Expenditures | 10,256 | 11,573 | 12,335 | 12,640 | 13,279 | 15,243 | ||||
| Current expenditure | 8,717 | 9,482 | 10,387 | 10,684 | 11,614 | 12,512 | ||||
| Personnel | 4,326 | 4,709 | 5,117 | 5,446 | 5,889 | 6,213 | ||||
| Goods and services | 2,034 | 2,057 | 2,150 | 1,957 | 2,018 | 2,289 | ||||
| Interest payments | 587 | 823 | 865 | 999 | 1,162 | 1,263 | ||||
| Domestic | 559 | 772 | 814 | 930 | 1,080 | 1,169 | ||||
| Foreign | 28 | 52 | 51 | 69 | 82 | 94 | ||||
| Subsidies and current transfers | 1,770 | 1,893 | 2,255 | 2,282 | 2,546 | 2,747 | ||||
| Other | 0 | 0 | 0 | 0 | 0 | 0 | ||||
| Capital expenditure | 1,082 | 1,457 | 1,561 | 1,627 | 1,490 | 2,097 | ||||
| Acquisition of capital assets | 1,038 | 1,370 | 1,470 | 1,421 | 1,384 | … | ||||
| Capital transfers | 44 | 87 | 91 | 206 | 106 | … | ||||
| Net lending | 456 | 634 | 387 | 329 | 175 | 633 | ||||
| Overall balance 3/ | -1,296 | -1,104 | -2,581 | -1,253 | -204 | 1,650 | ||||
| Primary balance 3/ | -709 | -280 | -1,716 | -253 | 958 | 2,912 | ||||
| Statistical discrepancy | -132 | -27 | -59 | 200 | 9 | -66 | ||||
| Financing | 1,164 | 1,076 | 2,522 | 1,452 | 213 | -1,716 | ||||
| Domestic | 1,062 | 815 | 2,306 | 1,254 | 101 | -2,561 | ||||
| External | 103 | 261 | 216 | 198 | 112 | 162 | ||||
| Disbursements | 110 | 275 | 235 | 226 | 146 | 196 | ||||
| Amortization | -7 | -14 | -19 | -27 | -34 | -34 | ||||
| Privatization | 0 | 0 | 0 | 0 | 0 | 683 | ||||
Fiscal year begins April 1.
Transfers from the common revenue pool (customs and excise) of the Southern African Customs Union.
Includes externally financed project spending (except for roads) that is not channeled through the state account.
Namibia: Central Government Revenue and Grants, 2001/02–2006/07 1/
Fiscal year begins April 1.
Transfers from the common revenue pool (customs and excise) of the Southern African Customs Union.
Namibia: Central Government Revenue and Grants, 2001/02–2006/07 1/
| 2001/02 | 2002/03 | 2003/04 | 2004/05 | 2005/06 | 2006/07 Est. |
|||||
|---|---|---|---|---|---|---|---|---|---|---|
| (In millions of Namibia dollars) | ||||||||||
| Tax revenue | 8,054 | 9,196 | 8,633 | 10,358 | 11,887 | 15,734 | ||||
| Taxes on income/profits | 3,286 | 4,442 | 3,618 | 4,024 | 4,576 | 5,676 | ||||
| Personal | 1,833 | 2,181 | 2,334 | 2,662 | 2,905 | 3,374 | ||||
| Corporate | 1,335 | 2,113 | 1,198 | 1,222 | 1,573 | 2,161 | ||||
| Mining | 871 | 1,441 | 179 | 309 | 200 | 711 | ||||
| Diamond | 764 | 1,157 | 175 | 301 | 199 | 360 | ||||
| Other mining | 106 | 284 | 3 | 8 | 1 | 351 | ||||
| Other sectors | 465 | 672 | 1,020 | 913 | 1,373 | 1,451 | ||||
| Other income/profits taxes | 117 | 149 | 86 | 140 | 97 | 141 | ||||
| Property taxes | 64 | 79 | 75 | 86 | 110 | 142 | ||||
| Taxes on goods and services | 2,063 | 2,077 | 1,903 | 2,041 | 3,309 | 3,218 | ||||
| VAT and sales taxes | 1,938 | 2,009 | 1,756 | 1,828 | 3,108 | 3,002 | ||||
| Fuel levy | 58 | -7 | 64 | 119 | 88 | 86 | ||||
| Stamp duties | 68 | 76 | 83 | 94 | 113 | 130 | ||||
| Taxes on international trade (SACU receipts) 2/ | 2,641 | 2,597 | 3,036 | 4,207 | 3,892 | 6,698 | ||||
| Nontax revenue | 847 | 1,239 | 1,087 | 959 | 1,150 | 1,109 | ||||
| Property income | 571 | 831 | 607 | 594 | 613 | 678 | ||||
| Diamond royalties | 286 | 479 | 302 | 385 | 405 | 482 | ||||
| Fishing quota levies | 108 | 128 | 118 | 104 | 70 | 98 | ||||
| Interest on loans, investments, and central bank deposits | 54 | 62 | 27 | 30 | 44 | 60 | ||||
| Dividends from parastatals | 124 | 81 | 79 | 15 | 45 | 9 | ||||
| Compensation for use of the Rand | 0 | 81 | 81 | 60 | 50 | 29 | ||||
| Administrative fees, including license revenues | 258 | 388 | 461 | 349 | 519 | 412 | ||||
| Fines and forfeitures | 18 | 20 | 19 | 17 | 18 | 19 | ||||
| Total revenue | 8,902 | 10,435 | 9,720 | 11,317 | 13,036 | 16,843 | ||||
| Grants (tied) | 58 | 34 | 34 | 70 | 39 | 50 | ||||
| Recurrent activity | 3 | 10 | 34 | 70 | 39 | 0 | ||||
| Development projects | 55 | 24 | 0 | 0 | 0 | 50 | ||||
| Revenue and grants | 8,960 | 10,469 | 9,754 | 11,388 | 13,075 | 16,893 | ||||
| Memorandum item: | ||||||||||
| GDP at current market prices | 28,992 | 33,142 | 34,506 | 37,300 | 41,526 | 48,280 | ||||
Fiscal year begins April 1.
Transfers from the common revenue pool (customs and excise) of the Southern African Customs Union.
Namibia: Central Government Revenue and Grants, 2001/02–2006/07 1/
| 2001/02 | 2002/03 | 2003/04 | 2004/05 | 2005/06 | 2006/07 Est. |
|||||
|---|---|---|---|---|---|---|---|---|---|---|
| (In millions of Namibia dollars) | ||||||||||
| Tax revenue | 8,054 | 9,196 | 8,633 | 10,358 | 11,887 | 15,734 | ||||
| Taxes on income/profits | 3,286 | 4,442 | 3,618 | 4,024 | 4,576 | 5,676 | ||||
| Personal | 1,833 | 2,181 | 2,334 | 2,662 | 2,905 | 3,374 | ||||
| Corporate | 1,335 | 2,113 | 1,198 | 1,222 | 1,573 | 2,161 | ||||
| Mining | 871 | 1,441 | 179 | 309 | 200 | 711 | ||||
| Diamond | 764 | 1,157 | 175 | 301 | 199 | 360 | ||||
| Other mining | 106 | 284 | 3 | 8 | 1 | 351 | ||||
| Other sectors | 465 | 672 | 1,020 | 913 | 1,373 | 1,451 | ||||
| Other income/profits taxes | 117 | 149 | 86 | 140 | 97 | 141 | ||||
| Property taxes | 64 | 79 | 75 | 86 | 110 | 142 | ||||
| Taxes on goods and services | 2,063 | 2,077 | 1,903 | 2,041 | 3,309 | 3,218 | ||||
| VAT and sales taxes | 1,938 | 2,009 | 1,756 | 1,828 | 3,108 | 3,002 | ||||
| Fuel levy | 58 | -7 | 64 | 119 | 88 | 86 | ||||
| Stamp duties | 68 | 76 | 83 | 94 | 113 | 130 | ||||
| Taxes on international trade (SACU receipts) 2/ | 2,641 | 2,597 | 3,036 | 4,207 | 3,892 | 6,698 | ||||
| Nontax revenue | 847 | 1,239 | 1,087 | 959 | 1,150 | 1,109 | ||||
| Property income | 571 | 831 | 607 | 594 | 613 | 678 | ||||
| Diamond royalties | 286 | 479 | 302 | 385 | 405 | 482 | ||||
| Fishing quota levies | 108 | 128 | 118 | 104 | 70 | 98 | ||||
| Interest on loans, investments, and central bank deposits | 54 | 62 | 27 | 30 | 44 | 60 | ||||
| Dividends from parastatals | 124 | 81 | 79 | 15 | 45 | 9 | ||||
| Compensation for use of the Rand | 0 | 81 | 81 | 60 | 50 | 29 | ||||
| Administrative fees, including license revenues | 258 | 388 | 461 | 349 | 519 | 412 | ||||
| Fines and forfeitures | 18 | 20 | 19 | 17 | 18 | 19 | ||||
| Total revenue | 8,902 | 10,435 | 9,720 | 11,317 | 13,036 | 16,843 | ||||
| Grants (tied) | 58 | 34 | 34 | 70 | 39 | 50 | ||||
| Recurrent activity | 3 | 10 | 34 | 70 | 39 | 0 | ||||
| Development projects | 55 | 24 | 0 | 0 | 0 | 50 | ||||
| Revenue and grants | 8,960 | 10,469 | 9,754 | 11,388 | 13,075 | 16,893 | ||||
| Memorandum item: | ||||||||||
| GDP at current market prices | 28,992 | 33,142 | 34,506 | 37,300 | 41,526 | 48,280 | ||||
Fiscal year begins April 1.
Transfers from the common revenue pool (customs and excise) of the Southern African Customs Union.
Namibia: Central Government Revenue and Grants (Percent of GDP), 2001/02–2006/07 1/
Fiscal year begins April 1.
Transfers from the common revenue pool (customs and excise) of the Southern African Customs Union.
Namibia: Central Government Revenue and Grants (Percent of GDP), 2001/02–2006/07 1/
| 2001/02 | 2002/03 | 2003/04 | 2004/05 | 2005/06 | 2006/07 Est. |
|||||
|---|---|---|---|---|---|---|---|---|---|---|
| Tax revenue | 27.8 | 27.7 | 25.0 | 27.8 | 28.6 | 32.6 | ||||
| Taxes on income/profits | 11.3 | 13.4 | 10.5 | 10.8 | 11.0 | 11.8 | ||||
| Personal | 6.3 | 6.6 | 6.8 | 7.1 | 7.0 | 7.0 | ||||
| Corporate | 4.6 | 6.4 | 3.5 | 3.3 | 3.8 | 4.5 | ||||
| Mining | 3.0 | 4.3 | 0.5 | 0.8 | 0.5 | 1.5 | ||||
| Diamond | 2.6 | 3.5 | 0.5 | 0.8 | 0.5 | 0.7 | ||||
| Other mining | 0.4 | 0.9 | 0.0 | 0.0 | 0.0 | 0.7 | ||||
| Other sectors | 1.6 | 2.0 | 3.0 | 2.4 | 3.3 | 3.0 | ||||
| Other income/profits taxes | 0.4 | 0.4 | 0.3 | 0.4 | 0.2 | 0.3 | ||||
| Property taxes | 0.2 | 0.2 | 0.2 | 0.2 | 0.3 | 0.3 | ||||
| Taxes on goods and services | 7.1 | 6.3 | 5.5 | 5.5 | 8.0 | 6.7 | ||||
| VAT and sales taxes | 6.7 | 6.1 | 5.1 | 4.9 | 7.5 | 6.2 | ||||
| Fuel levy | 0.2 | 0.0 | 0.2 | 0.3 | 0.2 | 0.2 | ||||
| Stamp duties | 0.2 | 0.2 | 0.2 | 0.3 | 0.3 | 0.3 | ||||
| Taxes on international trade (SACU receipts) 2/ | 9.1 | 7.8 | 8.8 | 11.3 | 9.4 | 13.9 | ||||
| Nontax revenue | 2.9 | 3.7 | 3.2 | 2.6 | 2.8 | 2.3 | ||||
| Property income | 2.0 | 2.5 | 1.8 | 1.6 | 1.5 | 1.4 | ||||
| Diamond royalties | 1.0 | 1.4 | 0.9 | 1.0 | 1.0 | 1.0 | ||||
| Fishing quota levies | 0.4 | 0.4 | 0.3 | 0.3 | 0.2 | 0.2 | ||||
| Interest on loans, investments, and central bank deposits | 0.2 | 0.2 | 0.1 | 0.1 | 0.1 | 0.1 | ||||
| Dividends from parastatals | 0.4 | 0.2 | 0.2 | 0.0 | 0.1 | 0.0 | ||||
| Compensation for use of the Rand | 0.0 | 0.2 | 0.2 | 0.2 | 0.1 | 0.1 | ||||
| Administrative fees, including license revenues | 0.9 | 1.2 | 1.3 | 0.9 | 1.3 | 0.9 | ||||
| Fines and forfeitures | 0.1 | 0.1 | 0.1 | 0.0 | 0.0 | 0.0 | ||||
| Total revenue | 30.7 | 31.5 | 28.2 | 30.3 | 31.4 | 34.9 | ||||
| Grants (tied) | 0.2 | 0.1 | 0.1 | 0.2 | 0.1 | 0.1 | ||||
| Recurrent activity | 0.0 | 0.0 | 0.1 | 0.2 | 0.1 | 0.0 | ||||
| Development projects | 0.2 | 0.1 | 0.0 | 0.0 | 0.0 | 0.1 | ||||
| Revenue and grants | 30.9 | 31.6 | 28.3 | 30.5 | 31.5 | 35.0 | ||||
Fiscal year begins April 1.
Transfers from the common revenue pool (customs and excise) of the Southern African Customs Union.
Namibia: Central Government Revenue and Grants (Percent of GDP), 2001/02–2006/07 1/
| 2001/02 | 2002/03 | 2003/04 | 2004/05 | 2005/06 | 2006/07 Est. |
|||||
|---|---|---|---|---|---|---|---|---|---|---|
| Tax revenue | 27.8 | 27.7 | 25.0 | 27.8 | 28.6 | 32.6 | ||||
| Taxes on income/profits | 11.3 | 13.4 | 10.5 | 10.8 | 11.0 | 11.8 | ||||
| Personal | 6.3 | 6.6 | 6.8 | 7.1 | 7.0 | 7.0 | ||||
| Corporate | 4.6 | 6.4 | 3.5 | 3.3 | 3.8 | 4.5 | ||||
| Mining | 3.0 | 4.3 | 0.5 | 0.8 | 0.5 | 1.5 | ||||
| Diamond | 2.6 | 3.5 | 0.5 | 0.8 | 0.5 | 0.7 | ||||
| Other mining | 0.4 | 0.9 | 0.0 | 0.0 | 0.0 | 0.7 | ||||
| Other sectors | 1.6 | 2.0 | 3.0 | 2.4 | 3.3 | 3.0 | ||||
| Other income/profits taxes | 0.4 | 0.4 | 0.3 | 0.4 | 0.2 | 0.3 | ||||
| Property taxes | 0.2 | 0.2 | 0.2 | 0.2 | 0.3 | 0.3 | ||||
| Taxes on goods and services | 7.1 | 6.3 | 5.5 | 5.5 | 8.0 | 6.7 | ||||
| VAT and sales taxes | 6.7 | 6.1 | 5.1 | 4.9 | 7.5 | 6.2 | ||||
| Fuel levy | 0.2 | 0.0 | 0.2 | 0.3 | 0.2 | 0.2 | ||||
| Stamp duties | 0.2 | 0.2 | 0.2 | 0.3 | 0.3 | 0.3 | ||||
| Taxes on international trade (SACU receipts) 2/ | 9.1 | 7.8 | 8.8 | 11.3 | 9.4 | 13.9 | ||||
| Nontax revenue | 2.9 | 3.7 | 3.2 | 2.6 | 2.8 | 2.3 | ||||
| Property income | 2.0 | 2.5 | 1.8 | 1.6 | 1.5 | 1.4 | ||||
| Diamond royalties | 1.0 | 1.4 | 0.9 | 1.0 | 1.0 | 1.0 | ||||
| Fishing quota levies | 0.4 | 0.4 | 0.3 | 0.3 | 0.2 | 0.2 | ||||
| Interest on loans, investments, and central bank deposits | 0.2 | 0.2 | 0.1 | 0.1 | 0.1 | 0.1 | ||||
| Dividends from parastatals | 0.4 | 0.2 | 0.2 | 0.0 | 0.1 | 0.0 | ||||
| Compensation for use of the Rand | 0.0 | 0.2 | 0.2 | 0.2 | 0.1 | 0.1 | ||||
| Administrative fees, including license revenues | 0.9 | 1.2 | 1.3 | 0.9 | 1.3 | 0.9 | ||||
| Fines and forfeitures | 0.1 | 0.1 | 0.1 | 0.0 | 0.0 | 0.0 | ||||
| Total revenue | 30.7 | 31.5 | 28.2 | 30.3 | 31.4 | 34.9 | ||||
| Grants (tied) | 0.2 | 0.1 | 0.1 | 0.2 | 0.1 | 0.1 | ||||
| Recurrent activity | 0.0 | 0.0 | 0.1 | 0.2 | 0.1 | 0.0 | ||||
| Development projects | 0.2 | 0.1 | 0.0 | 0.0 | 0.0 | 0.1 | ||||
| Revenue and grants | 30.9 | 31.6 | 28.3 | 30.5 | 31.5 | 35.0 | ||||
Fiscal year begins April 1.
Transfers from the common revenue pool (customs and excise) of the Southern African Customs Union.
Namibia: Central Government Expenditure, 2001/02–2006/07 1/
Fiscal year begins April 1.
This includes externally financed project spending (except for roads) that is not channeled through the state account.
Namibia: Central Government Expenditure, 2001/02–2006/07 1/
| 2001/02 | 2002/03 | 2003/04 | 2004/05 | 2005/06 | 2006/07 Est. |
||||
|---|---|---|---|---|---|---|---|---|---|
| (In millions of Namibia dollars) | |||||||||
| Current expenditure | 8,717 | 9,482 | 10,387 | 10,684 | 11,614 | 12,512 | |||
| Personnel | 4,326 | 4,709 | 5,117 | 5,446 | 5,889 | 6,213 | |||
| Wages and salaries | … | … | … | 4,729 | 5,144 | … | |||
| Pension contributions | … | … | … | 588 | 628 | … | |||
| Cash benefits | … | … | … | 129 | 117 | … | |||
| Goods and services | 2,034 | 2,057 | 2,150 | 1,957 | 2,018 | 2,289 | |||
| Interest payments | 587 | 823 | 865 | 999 | 1,162 | 1,263 | |||
| Domestic | 559 | 772 | 814 | 930 | 1,080 | 1,169 | |||
| Foreign | 28 | 52 | 51 | 69 | 82 | 94 | |||
| Subsidies and current transfers | 1,770 | 1,893 | 2,255 | 2,282 | 2,546 | 2,747 | |||
| Other current expenditure | 0 | 0 | 0 | 0 | 0 | 0 | |||
| Capital expenditure | 1,082 | 1,457 | 1,561 | 1,627 | 1,490 | 2,097 | |||
| Acquisition of capital assets 2/ | 1,038 | 1,370 | 1,470 | 1,421 | 1,384 | … | |||
| Capital transfers | 44 | 87 | 91 | 206 | 106 | … | |||
| Net lending | 456 | 634 | 387 | 329 | 175 | 633 | |||
| Lending | 478 | 650 | 400 | 366 | 208 | 651 | |||
| Repayments | -21 | -16 | -13 | -37 | -32 | -17 | |||
| Total expenditure and net lending | 10,256 | 11,573 | 12,335 | 12,640 | 13,279 | 15,243 | |||
| Memorandum item: | |||||||||
| GDP at current market prices | 28,992 | 33,142 | 34,506 | 37,300 | 41,526 | 48,280 | |||
Fiscal year begins April 1.
This includes externally financed project spending (except for roads) that is not channeled through the state account.
Namibia: Central Government Expenditure, 2001/02–2006/07 1/
| 2001/02 | 2002/03 | 2003/04 | 2004/05 | 2005/06 | 2006/07 Est. |
||||
|---|---|---|---|---|---|---|---|---|---|
| (In millions of Namibia dollars) | |||||||||
| Current expenditure | 8,717 | 9,482 | 10,387 | 10,684 | 11,614 | 12,512 | |||
| Personnel | 4,326 | 4,709 | 5,117 | 5,446 | 5,889 | 6,213 | |||
| Wages and salaries | … | … | … | 4,729 | 5,144 | … | |||
| Pension contributions | … | … | … | 588 | 628 | … | |||
| Cash benefits | … | … | … | 129 | 117 | … | |||
| Goods and services | 2,034 | 2,057 | 2,150 | 1,957 | 2,018 | 2,289 | |||
| Interest payments | 587 | 823 | 865 | 999 | 1,162 | 1,263 | |||
| Domestic | 559 | 772 | 814 | 930 | 1,080 | 1,169 | |||
| Foreign | 28 | 52 | 51 | 69 | 82 | 94 | |||
| Subsidies and current transfers | 1,770 | 1,893 | 2,255 | 2,282 | 2,546 | 2,747 | |||
| Other current expenditure | 0 | 0 | 0 | 0 | 0 | 0 | |||
| Capital expenditure | 1,082 | 1,457 | 1,561 | 1,627 | 1,490 | 2,097 | |||
| Acquisition of capital assets 2/ | 1,038 | 1,370 | 1,470 | 1,421 | 1,384 | … | |||
| Capital transfers | 44 | 87 | 91 | 206 | 106 | … | |||
| Net lending | 456 | 634 | 387 | 329 | 175 | 633 | |||
| Lending | 478 | 650 | 400 | 366 | 208 | 651 | |||
| Repayments | -21 | -16 | -13 | -37 | -32 | -17 | |||
| Total expenditure and net lending | 10,256 | 11,573 | 12,335 | 12,640 | 13,279 | 15,243 | |||
| Memorandum item: | |||||||||
| GDP at current market prices | 28,992 | 33,142 | 34,506 | 37,300 | 41,526 | 48,280 | |||
Fiscal year begins April 1.
This includes externally financed project spending (except for roads) that is not channeled through the state account.
Namibia: Central Government Expenditure (Percent of GDP), 2001/02–2006/07 1/
Fiscal year begins April 1.
This includes externally financed project spending (except for roads) that is not channeled through the state account.
Namibia: Central Government Expenditure (Percent of GDP), 2001/02–2006/07 1/
| 2001/02 | 2002/03 | 2003/04 | 2004/05 | 2005/06 | 2006/07 Est. |
||||
|---|---|---|---|---|---|---|---|---|---|
| Current expenditure | 30.1 | 28.6 | 30.1 | 28.6 | 28.0 | 25.9 | |||
| Personnel | 14.9 | 14.2 | 14.8 | 14.6 | 14.2 | 12.9 | |||
| Wages and salaries | … | … | … | 12.7 | 12.4 | … | |||
| Pension contributions | … | … | … | 1.6 | 1.5 | … | |||
| Cash benefits | … | … | … | 0.3 | 0.3 | … | |||
| Goods and services | 7.0 | 6.2 | 6.2 | 5.2 | 4.9 | 4.7 | |||
| Interest payments | 2.0 | 2.5 | 2.5 | 2.7 | 2.8 | 2.6 | |||
| Domestic | 1.9 | 2.3 | 2.4 | 2.5 | 2.6 | 2.4 | |||
| Foreign | 0.1 | 0.2 | 0.1 | 0.2 | 0.2 | 0.2 | |||
| Subsidies and current transfers | 6.1 | 5.7 | 6.5 | 6.1 | 6.1 | 5.7 | |||
| Other current expenditure | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | |||
| Capital expenditure | 3.7 | 4.4 | 4.5 | 4.4 | 3.6 | 4.3 | |||
| Acquisition of capital assets 2/ | 3.6 | 4.1 | 4.3 | 3.8 | 3.3 | … | |||
| Capital transfers | 0.2 | 0.3 | 0.3 | 0.6 | 0.3 | … | |||
| Net lending | 1.6 | 1.9 | 1.1 | 0.9 | 0.4 | 1.3 | |||
| Lending | 1.6 | 2.0 | 1.2 | 1.0 | 0.5 | 1.3 | |||
| Repayments | -0.1 | 0.0 | 0.0 | -0.1 | -0.1 | 0.0 | |||
| Total expenditure and net lending | 35.4 | 34.9 | 35.7 | 33.9 | 32.0 | 31.6 | |||
Fiscal year begins April 1.
This includes externally financed project spending (except for roads) that is not channeled through the state account.
Namibia: Central Government Expenditure (Percent of GDP), 2001/02–2006/07 1/
| 2001/02 | 2002/03 | 2003/04 | 2004/05 | 2005/06 | 2006/07 Est. |
||||
|---|---|---|---|---|---|---|---|---|---|
| Current expenditure | 30.1 | 28.6 | 30.1 | 28.6 | 28.0 | 25.9 | |||
| Personnel | 14.9 | 14.2 | 14.8 | 14.6 | 14.2 | 12.9 | |||
| Wages and salaries | … | … | … | 12.7 | 12.4 | … | |||
| Pension contributions | … | … | … | 1.6 | 1.5 | … | |||
| Cash benefits | … | … | … | 0.3 | 0.3 | … | |||
| Goods and services | 7.0 | 6.2 | 6.2 | 5.2 | 4.9 | 4.7 | |||
| Interest payments | 2.0 | 2.5 | 2.5 | 2.7 | 2.8 | 2.6 | |||
| Domestic | 1.9 | 2.3 | 2.4 | 2.5 | 2.6 | 2.4 | |||
| Foreign | 0.1 | 0.2 | 0.1 | 0.2 | 0.2 | 0.2 | |||
| Subsidies and current transfers | 6.1 | 5.7 | 6.5 | 6.1 | 6.1 | 5.7 | |||
| Other current expenditure | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | |||
| Capital expenditure | 3.7 | 4.4 | 4.5 | 4.4 | 3.6 | 4.3 | |||
| Acquisition of capital assets 2/ | 3.6 | 4.1 | 4.3 | 3.8 | 3.3 | … | |||
| Capital transfers | 0.2 | 0.3 | 0.3 | 0.6 | 0.3 | … | |||
| Net lending | 1.6 | 1.9 | 1.1 | 0.9 | 0.4 | 1.3 | |||
| Lending | 1.6 | 2.0 | 1.2 | 1.0 | 0.5 | 1.3 | |||
| Repayments | -0.1 | 0.0 | 0.0 | -0.1 | -0.1 | 0.0 | |||
| Total expenditure and net lending | 35.4 | 34.9 | 35.7 | 33.9 | 32.0 | 31.6 | |||
Fiscal year begins April 1.
This includes externally financed project spending (except for roads) that is not channeled through the state account.
Namibia: Outstanding Debt of Central Government, 2001/02–2006/07 1/
Fiscal year begins April 1. Unless otherwise indicated, data correspond to debt stocks at the end of each fiscal year.
Namibia: Outstanding Debt of Central Government, 2001/02–2006/07 1/
| 2001/02 | 2002/03 | 2003/04 | 2004/05 | 2005/06 | 2006/07 | |||
|---|---|---|---|---|---|---|---|---|
| (In millions of Namibia dollars) | ||||||||
| Domestic debt | 5,947 | 6,712 | 8,606 | 10,543 | 10,690 | 10,928 | ||
| Treasury bills | 3,211 | 3,618 | 5,041 | 5,615 | 4,763 | 3,950 | ||
| 91 days | 1,449 | 1,004 | 300 | 310 | 226 | 300 | ||
| 182 days | 1,190 | 1,236 | 2,190 | 1,180 | 900 | 820 | ||
| 365 days | 572 | 1,378 | 2,551 | 4,125 | 3,637 | 2,830 | ||
| Internal registered stock (IRS) | 2,736 | 3,094 | 3,565 | 4,927 | 5,927 | 6,978 | ||
| less than 2 years term-to-maturity | 669 | 1,164 | 1,069 | 1,816 | 1,778 | 1,778 | ||
| 3 - 5 years term-to-maturity | 985 | 442 | 655 | 1,702 | 1,750 | 2,597 | ||
| 6 - 10 years term-to-maturity | 1,082 | 1,213 | 1,263 | 1,114 | 1,863 | 1,647 | ||
| above 11 years term-to-maturity | 0 | 275 | 579 | 296 | 536 | 955 | ||
| Foreign debt | 1,561 | 1,212 | 1,607 | 2,016 | 1,843 | 2,710 | ||
| Bilateral | 889 | 743 | 926 | 1,181 | 1,019 | 1,630 | ||
| Multilateral | 672 | 469 | 682 | 835 | 824 | 1,080 | ||
| Total government debt | 7,507 | 7,924 | 10,213 | 12,559 | 12,533 | 13,638 | ||
| Government-guaranteed debt | 3,310 | 3,226 | 3,203 | 2,438 | 3,505 | 3,768 | ||
| Domestic | 829 | 1,005 | 1,135 | 1,341 | 1,495 | 1,761 | ||
| Foreign | 2,481 | 2,222 | 2,067 | 1,097 | 2,010 | 2,007 | ||
| Government and government-guaranteed debt | 10,817 | 11,151 | 13,416 | 14,996 | 16,038 | 17,406 | ||
| (Percent of GDP) | ||||||||
| Government debt | 25.9 | 23.9 | 29.6 | 33.7 | 30.2 | 28.2 | ||
| Domestic | 20.5 | 20.3 | 24.9 | 28.3 | 25.7 | 22.6 | ||
| Foreign | 5.4 | 3.7 | 4.7 | 5.4 | 4.4 | 5.6 | ||
| Government-guaranteed debt | 11.4 | 9.7 | 9.3 | 6.5 | 8.4 | 7.8 | ||
| Government and government-guaranteed debt | 37.3 | 33.6 | 38.9 | 40.2 | 38.6 | 36.1 | ||
| Memorandum item: | ||||||||
| GDP at current market prices | 28,992 | 33,142 | 34,506 | 37,300 | 41,526 | 48,280 | ||
Fiscal year begins April 1. Unless otherwise indicated, data correspond to debt stocks at the end of each fiscal year.
Namibia: Outstanding Debt of Central Government, 2001/02–2006/07 1/
| 2001/02 | 2002/03 | 2003/04 | 2004/05 | 2005/06 | 2006/07 | |||
|---|---|---|---|---|---|---|---|---|
| (In millions of Namibia dollars) | ||||||||
| Domestic debt | 5,947 | 6,712 | 8,606 | 10,543 | 10,690 | 10,928 | ||
| Treasury bills | 3,211 | 3,618 | 5,041 | 5,615 | 4,763 | 3,950 | ||
| 91 days | 1,449 | 1,004 | 300 | 310 | 226 | 300 | ||
| 182 days | 1,190 | 1,236 | 2,190 | 1,180 | 900 | 820 | ||
| 365 days | 572 | 1,378 | 2,551 | 4,125 | 3,637 | 2,830 | ||
| Internal registered stock (IRS) | 2,736 | 3,094 | 3,565 | 4,927 | 5,927 | 6,978 | ||
| less than 2 years term-to-maturity | 669 | 1,164 | 1,069 | 1,816 | 1,778 | 1,778 | ||
| 3 - 5 years term-to-maturity | 985 | 442 | 655 | 1,702 | 1,750 | 2,597 | ||
| 6 - 10 years term-to-maturity | 1,082 | 1,213 | 1,263 | 1,114 | 1,863 | 1,647 | ||
| above 11 years term-to-maturity | 0 | 275 | 579 | 296 | 536 | 955 | ||
| Foreign debt | 1,561 | 1,212 | 1,607 | 2,016 | 1,843 | 2,710 | ||
| Bilateral | 889 | 743 | 926 | 1,181 | 1,019 | 1,630 | ||
| Multilateral | 672 | 469 | 682 | 835 | 824 | 1,080 | ||
| Total government debt | 7,507 | 7,924 | 10,213 | 12,559 | 12,533 | 13,638 | ||
| Government-guaranteed debt | 3,310 | 3,226 | 3,203 | 2,438 | 3,505 | 3,768 | ||
| Domestic | 829 | 1,005 | 1,135 | 1,341 | 1,495 | 1,761 | ||
| Foreign | 2,481 | 2,222 | 2,067 | 1,097 | 2,010 | 2,007 | ||
| Government and government-guaranteed debt | 10,817 | 11,151 | 13,416 | 14,996 | 16,038 | 17,406 | ||
| (Percent of GDP) | ||||||||
| Government debt | 25.9 | 23.9 | 29.6 | 33.7 | 30.2 | 28.2 | ||
| Domestic | 20.5 | 20.3 | 24.9 | 28.3 | 25.7 | 22.6 | ||
| Foreign | 5.4 | 3.7 | 4.7 | 5.4 | 4.4 | 5.6 | ||
| Government-guaranteed debt | 11.4 | 9.7 | 9.3 | 6.5 | 8.4 | 7.8 | ||
| Government and government-guaranteed debt | 37.3 | 33.6 | 38.9 | 40.2 | 38.6 | 36.1 | ||
| Memorandum item: | ||||||||
| GDP at current market prices | 28,992 | 33,142 | 34,506 | 37,300 | 41,526 | 48,280 | ||
Fiscal year begins April 1. Unless otherwise indicated, data correspond to debt stocks at the end of each fiscal year.
Namibia: Summary Accounts of the Bank of Namibia, 2003–07
Namibia: Summary Accounts of the Bank of Namibia, 2003–07
| 2003 | 2004 | 2005 | 2006 | 2007 | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dec. | Dec. | Dec. | Mar. | Jun. | Sep. | Dec. | Mar. | Jun. | Sep. | |||||||
| Bank of Namibia | (In millions of Namibia dollars) | |||||||||||||||
| Net Foreign Assets | 2,110.3 | 1,977.3 | 1,983.9 | 2,457.7 | 2,677.9 | 3,119.2 | 3,164.3 | 5,690.9 | 6,086.1 | 5,868.4 | ||||||
| Foreign Assets | 2,117.2 | 1,985.7 | 1,998.0 | 2,470.0 | 2,688.3 | 3,517.0 | 3,573.6 | 6,095.6 | 6,486.3 | 5,947.0 | ||||||
| Foreign Liabilities | -6.9 | -8.4 | -14.1 | -12.2 | -10.4 | -397.8 | -409.3 | 404.7 | 400.2 | 78.6 | ||||||
| Net Domestic Assets | -937.4 | -738.7 | -611.4 | -1,187.7 | -1,347.6 | -1,660.3 | -1,631.9 | -4,238.3 | -4,575.1 | -4,301.9 | ||||||
| Net Domestic Liabilities | -401.4 | -637.4 | -79.5 | -648.0 | -501.4 | -652.5 | -744.5 | -3,199.8 | -3,650.7 | -3,263.4 | ||||||
| Net Credit to Nonfinancial Public Sector | -430.1 | -889.7 | -608.1 | -843.1 | -1,348.2 | -1,766.1 | -2,093.3 | -5,155.0 | -5,691.1 | -3,608.6 | ||||||
| Net Credit to Central Government | -430.1 | -889.7 | -608.1 | -843.1 | -1,348.2 | -1,766.1 | -2,093.3 | -5,155.0 | -5,691.1 | -3,608.6 | ||||||
| Net Credit to State and Local Government | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | ||||||
| Net Credit to Public Nonfinancial Corporations | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | ||||||
| Credit to Private Sector | 19.0 | 13.6 | 13.4 | 13.6 | 13.7 | 14.5 | 15.8 | 16.5 | 15.8 | 16.2 | ||||||
| Net Credit to Financial Corporations | 9.7 | 238.7 | 515.2 | 181.6 | 833.1 | 1,099.2 | 1,333.0 | 1,938.8 | 2,024.6 | 329.1 | ||||||
| Other Items (net) | -621.7 | -101.3 | -531.9 | -539.8 | -846.2 | -1,007.9 | -887.4 | -1,038.5 | -924.4 | -1,038.6 | ||||||
| Monetary Base | 1,172.9 | 1,238.6 | 1,372.5 | 1,270.0 | 1,330.2 | 1,459.0 | 1,532.4 | 1,452.6 | 1,511.0 | 1,566.5 | ||||||
| Currency in Circulation | 918.9 | 945.8 | 1,026.8 | 922.8 | 976.4 | 1,041.3 | 1,151.4 | 1,046.5 | 1,080.8 | 1,136.5 | ||||||
| Other Depository Corporation Liabilities | 254.0 | 292.8 | 345.7 | 347.2 | 353.8 | 417.7 | 381.0 | 406.1 | 430.2 | 429.9 | ||||||
| Bank of Namibia | (Growth rates) | |||||||||||||||
| Net Foreign Assets | … | -6.3 | 0.3 | 28.5 | 42.9 | 71.6 | 59.5 | 131.6 | 127.3 | 88.1 | ||||||
| Foreign Assets | … | -6.2 | 0.6 | 28.3 | 42.2 | 91.9 | 78.9 | 146.8 | 141.3 | 69.1 | ||||||
| Foreign Liabilities | … | 21.8 | 67.9 | -3.2 | -36.2 | 2,624.7 | 2,802.8 | -3,417.2 | -3,947.6 | -119.8 | ||||||
| Net Domestic Assets | … | -21.2 | -17.2 | 148.1 | 120.4 | 0.0 | 166.9 | 256.8 | 239.5 | 159.1 | ||||||
| Net Domestic Liabilities | … | 58.8 | -87.5 | 3.1 | 490.4 | -1,121.1 | 836.6 | 393.8 | 628.1 | 400.1 | ||||||
| Net Credit to Nonfinancial Public Sector | … | 106.9 | -31.7 | -7.2 | 303.0 | 808.5 | 244.2 | 511.4 | 322.1 | 104.3 | ||||||
| Net Credit to Central Government | … | 106.9 | -31.7 | -7.2 | 303.0 | 808.5 | 244.2 | 511.4 | 322.1 | 104.3 | ||||||
| Net Credit to State and Local Government | … | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | ||||||
| Net Credit to Public Nonfinancial Corporations | … | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | ||||||
| Credit to Private Sector | … | -28.6 | -1.3 | -6.4 | -5.6 | 6.1 | 17.8 | 21.2 | 15.7 | 12.1 | ||||||
| Net Credit to Financial Corporations | … | 2,373.4 | 115.8 | -31.6 | 254.3 | 349.3 | 158.8 | 967.7 | 143.0 | -70.1 | ||||||
| Other Items (net) | … | -83.7 | 425.1 | -0.5 | 59.1 | 0.0 | 66.8 | 92.4 | 9.2 | 3.0 | ||||||
| Monetary Base | … | 5.6 | 10.8 | 4.7 | 8.0 | 8.9 | 11.7 | 14.4 | 13.6 | 7.4 | ||||||
| Currency in Circulation | … | 2.9 | 8.6 | 0.4 | 7.7 | 9.1 | 12.1 | 13.4 | 10.7 | 9.1 | ||||||
| Other Depository Corporation Liabilities | … | 15.3 | 18.1 | 17.8 | 8.8 | 8.5 | 10.2 | 17.0 | 21.6 | 2.9 | ||||||
Namibia: Summary Accounts of the Bank of Namibia, 2003–07
| 2003 | 2004 | 2005 | 2006 | 2007 | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dec. | Dec. | Dec. | Mar. | Jun. | Sep. | Dec. | Mar. | Jun. | Sep. | |||||||
| Bank of Namibia | (In millions of Namibia dollars) | |||||||||||||||
| Net Foreign Assets | 2,110.3 | 1,977.3 | 1,983.9 | 2,457.7 | 2,677.9 | 3,119.2 | 3,164.3 | 5,690.9 | 6,086.1 | 5,868.4 | ||||||
| Foreign Assets | 2,117.2 | 1,985.7 | 1,998.0 | 2,470.0 | 2,688.3 | 3,517.0 | 3,573.6 | 6,095.6 | 6,486.3 | 5,947.0 | ||||||
| Foreign Liabilities | -6.9 | -8.4 | -14.1 | -12.2 | -10.4 | -397.8 | -409.3 | 404.7 | 400.2 | 78.6 | ||||||
| Net Domestic Assets | -937.4 | -738.7 | -611.4 | -1,187.7 | -1,347.6 | -1,660.3 | -1,631.9 | -4,238.3 | -4,575.1 | -4,301.9 | ||||||
| Net Domestic Liabilities | -401.4 | -637.4 | -79.5 | -648.0 | -501.4 | -652.5 | -744.5 | -3,199.8 | -3,650.7 | -3,263.4 | ||||||
| Net Credit to Nonfinancial Public Sector | -430.1 | -889.7 | -608.1 | -843.1 | -1,348.2 | -1,766.1 | -2,093.3 | -5,155.0 | -5,691.1 | -3,608.6 | ||||||
| Net Credit to Central Government | -430.1 | -889.7 | -608.1 | -843.1 | -1,348.2 | -1,766.1 | -2,093.3 | -5,155.0 | -5,691.1 | -3,608.6 | ||||||
| Net Credit to State and Local Government | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | ||||||
| Net Credit to Public Nonfinancial Corporations | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | ||||||
| Credit to Private Sector | 19.0 | 13.6 | 13.4 | 13.6 | 13.7 | 14.5 | 15.8 | 16.5 | 15.8 | 16.2 | ||||||
| Net Credit to Financial Corporations | 9.7 | 238.7 | 515.2 | 181.6 | 833.1 | 1,099.2 | 1,333.0 | 1,938.8 | 2,024.6 | 329.1 | ||||||
| Other Items (net) | -621.7 | -101.3 | -531.9 | -539.8 | -846.2 | -1,007.9 | -887.4 | -1,038.5 | -924.4 | -1,038.6 | ||||||
| Monetary Base | 1,172.9 | 1,238.6 | 1,372.5 | 1,270.0 | 1,330.2 | 1,459.0 | 1,532.4 | 1,452.6 | 1,511.0 | 1,566.5 | ||||||
| Currency in Circulation | 918.9 | 945.8 | 1,026.8 | 922.8 | 976.4 | 1,041.3 | 1,151.4 | 1,046.5 | 1,080.8 | 1,136.5 | ||||||
| Other Depository Corporation Liabilities | 254.0 | 292.8 | 345.7 | 347.2 | 353.8 | 417.7 | 381.0 | 406.1 | 430.2 | 429.9 | ||||||
| Bank of Namibia | (Growth rates) | |||||||||||||||
| Net Foreign Assets | … | -6.3 | 0.3 | 28.5 | 42.9 | 71.6 | 59.5 | 131.6 | 127.3 | 88.1 | ||||||
| Foreign Assets | … | -6.2 | 0.6 | 28.3 | 42.2 | 91.9 | 78.9 | 146.8 | 141.3 | 69.1 | ||||||
| Foreign Liabilities | … | 21.8 | 67.9 | -3.2 | -36.2 | 2,624.7 | 2,802.8 | -3,417.2 | -3,947.6 | -119.8 | ||||||
| Net Domestic Assets | … | -21.2 | -17.2 | 148.1 | 120.4 | 0.0 | 166.9 | 256.8 | 239.5 | 159.1 | ||||||
| Net Domestic Liabilities | … | 58.8 | -87.5 | 3.1 | 490.4 | -1,121.1 | 836.6 | 393.8 | 628.1 | 400.1 | ||||||
| Net Credit to Nonfinancial Public Sector | … | 106.9 | -31.7 | -7.2 | 303.0 | 808.5 | 244.2 | 511.4 | 322.1 | 104.3 | ||||||
| Net Credit to Central Government | … | 106.9 | -31.7 | -7.2 | 303.0 | 808.5 | 244.2 | 511.4 | 322.1 | 104.3 | ||||||
| Net Credit to State and Local Government | … | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | ||||||
| Net Credit to Public Nonfinancial Corporations | … | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | ||||||
| Credit to Private Sector | … | -28.6 | -1.3 | -6.4 | -5.6 | 6.1 | 17.8 | 21.2 | 15.7 | 12.1 | ||||||
| Net Credit to Financial Corporations | … | 2,373.4 | 115.8 | -31.6 | 254.3 | 349.3 | 158.8 | 967.7 | 143.0 | -70.1 | ||||||
| Other Items (net) | … | -83.7 | 425.1 | -0.5 | 59.1 | 0.0 | 66.8 | 92.4 | 9.2 | 3.0 | ||||||
| Monetary Base | … | 5.6 | 10.8 | 4.7 | 8.0 | 8.9 | 11.7 | 14.4 | 13.6 | 7.4 | ||||||
| Currency in Circulation | … | 2.9 | 8.6 | 0.4 | 7.7 | 9.1 | 12.1 | 13.4 | 10.7 | 9.1 | ||||||
| Other Depository Corporation Liabilities | … | 15.3 | 18.1 | 17.8 | 8.8 | 8.5 | 10.2 | 17.0 | 21.6 | 2.9 | ||||||
Namibia: Monetary Survey, 2003–07
Namibia: Monetary Survey, 2003–07
| 2003 | 2004 | 2005 | 2006 | 2007 | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dec. | Dec. | Dec. | Mar. | Jun. | Sep. | Dec. | Mar. | Jun. | Sep. | |||||
| Monetary Survey | (In millions of Namibia dollars) | |||||||||||||
| Net Foreign Assets | 1,259.6 | 970.3 | -156.3 | 723.3 | 1,496.2 | 3,944.3 | 4,844.5 | 6,898.3 | 6,959.6 | 7,834.3 | ||||
| Foreign Assets | 3,639.3 | 3,294.5 | 2,283.6 | 3,384.6 | 3,717.6 | 5,312.4 | 6,315.8 | 8,303.5 | 8,372.5 | 8,811.8 | ||||
| Foreign Liabilities | -2,379.7 | -2,324.2 | -2,440.0 | -2,661.3 | -2,221.4 | -1,368.2 | -1,471.3 | -1,405.2 | -1,412.9 | -977.5 | ||||
| Net Domestic Assets | 12,367.0 | 14,858.6 | 17,526.5 | 18,030.9 | 19,049.8 | 17,567.6 | 17,695.7 | 15,691.2 | 15,537.4 | 17,866.8 | ||||
| Net Domestic Credit | 17,346.6 | 21,169.4 | 25,670.1 | 26,543.5 | 27,672.3 | 27,940.0 | 28,397.5 | 27,301.8 | 27,782.2 | 30,197.9 | ||||
| Net Credit to Nonfinancial Public Sector | 670.3 | 1,239.0 | 1,717.6 | 1,510.1 | 1,038.3 | 418.9 | 341.5 | -2,350.0 | -2,479.4 | -1,035.5 | ||||
| Net Credit to Central Government | 506.7 | 871.7 | 1,405.7 | 1,088.2 | 608.4 | 183.6 | 113.3 | -2,671.4 | -2,883.5 | -1,086.7 | ||||
| Credit to Central Government | 1,702.1 | 2,180.3 | 2,586.1 | 2,528.4 | 2,661.9 | 2,464.0 | 2,767.3 | 3,107.8 | 3,279.2 | 3,046.3 | ||||
| Liabilities to Central Government | -1,195.4 | -1,308.6 | -1,180.3 | -1,440.3 | -2,053.5 | -2,280.4 | -2,654.0 | 5,779.3 | 6,162.7 | 4,133.0 | ||||
| Net Credit to State and Local Government | 19.3 | 15.6 | 22.4 | 28.7 | 25.0 | 31.3 | 48.2 | 33.0 | 36.0 | 56.7 | ||||
| Net Credit to Public Nonfinancial Corporations | 144.3 | 351.7 | 289.5 | 393.2 | 404.9 | 204.0 | 180.0 | 288.5 | 368.1 | -5.5 | ||||
| Credit to the Private Sector | 16,676.3 | 19,918.7 | 23,922.4 | 24,748.2 | 25,803.0 | 26,789.2 | 27,436.6 | 28,634.4 | 29,193.9 | 30,040.3 | ||||
| Net Credit to Other Financial Corporations | 0.0 | 11.7 | 30.1 | 285.2 | 831.0 | 731.9 | 619.4 | 1,017.3 | 1,067.7 | 1,193.1 | ||||
| Other Items (net) | -4,979.5 | -6,310.8 | -8,143.6 | -8,512.6 | -8,622.5 | -10,372.4 | -10,701.8 | -11,610.6 | -12,244.8 | -12,331.1 | ||||
| Broad Money (M2) | 13,626.7 | 15,828.9 | 17,370.2 | 18,754.2 | 20,546.0 | 21,511.9 | 22,540.2 | 22,589.5 | 22,497.0 | 25,701.1 | ||||
| Narrow Money (M1) | 8,080.8 | 9,569.8 | 9,408.8 | 11,433.9 | 12,090.5 | 12,850.8 | 13,701.1 | 14,826.9 | 13,361.4 | 15,235.3 | ||||
| Currency in Circulation | 584.6 | 632.7 | 680.0 | 681.0 | 726.7 | 785.6 | 763.4 | 797.4 | 814.5 | 861.8 | ||||
| Demand Deposits | 7,496.1 | 8,937.1 | 8,728.8 | 10,752.9 | 11,363.8 | 12,065.2 | 12,937.7 | 14,029.4 | 12,546.9 | 14,373.4 | ||||
| Other Deposits | 5,545.9 | 6,259.1 | 7,961.4 | 7,308.9 | 8,446.0 | 8,655.2 | 8,833.3 | 7,756.7 | 9,129.7 | 10,459.9 | ||||
| Monetary Survey | (Growth rates) | |||||||||||||
| Net Foreign Assets | … | -23.0 | -116.1 | -54.1 | 1,478.3 | -6,040.2 | -3,199.5 | 853.7 | 365.1 | 98.6 | ||||
| Foreign Assets | … | -9.5 | -30.7 | 5.1 | 57.7 | 150.0 | 176.6 | 145.3 | 125.2 | 65.9 | ||||
| Foreign Liabilities | … | -2.3 | 5.0 | 61.8 | -1.8 | -37.6 | -39.7 | -47.2 | -36.4 | -28.6 | ||||
| Net Domestic Assets | … | 20.1 | 18.0 | 20.9 | 11.4 | 2.5 | 1.0 | -13.0 | -18.4 | 1.7 | ||||
| Net Domestic Credit | … | 22.0 | 21.3 | 20.5 | 17.7 | 14.4 | 10.6 | 2.9 | 0.4 | 8.1 | ||||
| Net Credit to Nonfinancial Public Sector | … | 84.9 | 38.6 | 28.2 | -41.4 | -73.6 | -80.1 | -255.6 | -338.8 | -347.2 | ||||
| Net Credit to Central Government | … | 72.0 | 61.3 | 33.6 | -56.4 | -86.2 | -91.9 | -345.5 | -573.9 | -691.9 | ||||
| Credit to Central Government | … | 28.1 | 18.6 | 16.8 | 20.8 | 18.3 | 7.0 | 22.9 | 23.2 | 23.6 | ||||
| Liabilities to Central Government | … | 9.5 | -9.8 | 6.7 | 154.3 | 204.7 | 124.9 | -501.3 | -400.1 | -281.2 | ||||
| Net Credit to State and Local Government | … | -19.3 | 43.6 | 245.8 | 204.9 | 138.9 | 115.2 | 15.0 | 44.1 | 81.3 | ||||
| Net Credit to Public Nonfinancial Corporations | … | 143.8 | -17.7 | 10.5 | 10.3 | -14.5 | -37.8 | -26.6 | -9.1 | -102.7 | ||||
| Credit to the Private Sector | … | 19.4 | 20.1 | 19.0 | 19.0 | 17.4 | 14.7 | 15.7 | 13.1 | 12.1 | ||||
| Net Credit to Other Financial Corporations | … | … | 157.3 | 397.7 | 1,301.3 | 3,320.1 | 1,957.8 | 256.7 | 28.5 | 63.0 | ||||
| Other Items (net) | … | 26.7 | 29.0 | 19.5 | 34.4 | 42.2 | 31.4 | 36.4 | 42.0 | 18.9 | ||||
| Broad Money (M2) | … | 16.2 | 9.7 | 13.7 | 19.5 | 26.1 | 29.8 | 20.5 | 9.5 | 19.5 | ||||
| Narrow Money (M1) | … | 18.4 | -1.7 | 25.8 | 24.3 | 32.8 | 45.6 | 29.7 | 10.5 | 18.6 | ||||
| Currency in Circulation | … | 8.2 | 7.5 | 8.3 | 10.7 | 12.6 | 12.3 | 17.1 | 12.1 | 9.7 | ||||
| Demand Deposits | … | 19.2 | -2.3 | 27.1 | 25.3 | 34.4 | 48.2 | 30.5 | 10.4 | 19.1 | ||||
| Other Deposits | … | 12.9 | 27.2 | -1.2 | 13.1 | 17.1 | 11.0 | 6.1 | 8.1 | 20.9 | ||||
Namibia: Monetary Survey, 2003–07
| 2003 | 2004 | 2005 | 2006 | 2007 | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dec. | Dec. | Dec. | Mar. | Jun. | Sep. | Dec. | Mar. | Jun. | Sep. | |||||
| Monetary Survey | (In millions of Namibia dollars) | |||||||||||||
| Net Foreign Assets | 1,259.6 | 970.3 | -156.3 | 723.3 | 1,496.2 | 3,944.3 | 4,844.5 | 6,898.3 | 6,959.6 | 7,834.3 | ||||
| Foreign Assets | 3,639.3 | 3,294.5 | 2,283.6 | 3,384.6 | 3,717.6 | 5,312.4 | 6,315.8 | 8,303.5 | 8,372.5 | 8,811.8 | ||||
| Foreign Liabilities | -2,379.7 | -2,324.2 | -2,440.0 | -2,661.3 | -2,221.4 | -1,368.2 | -1,471.3 | -1,405.2 | -1,412.9 | -977.5 | ||||
| Net Domestic Assets | 12,367.0 | 14,858.6 | 17,526.5 | 18,030.9 | 19,049.8 | 17,567.6 | 17,695.7 | 15,691.2 | 15,537.4 | 17,866.8 | ||||
| Net Domestic Credit | 17,346.6 | 21,169.4 | 25,670.1 | 26,543.5 | 27,672.3 | 27,940.0 | 28,397.5 | 27,301.8 | 27,782.2 | 30,197.9 | ||||
| Net Credit to Nonfinancial Public Sector | 670.3 | 1,239.0 | 1,717.6 | 1,510.1 | 1,038.3 | 418.9 | 341.5 | -2,350.0 | -2,479.4 | -1,035.5 | ||||
| Net Credit to Central Government | 506.7 | 871.7 | 1,405.7 | 1,088.2 | 608.4 | 183.6 | 113.3 | -2,671.4 | -2,883.5 | -1,086.7 | ||||
| Credit to Central Government | 1,702.1 | 2,180.3 | 2,586.1 | 2,528.4 | 2,661.9 | 2,464.0 | 2,767.3 | 3,107.8 | 3,279.2 | 3,046.3 | ||||
| Liabilities to Central Government | -1,195.4 | -1,308.6 | -1,180.3 | -1,440.3 | -2,053.5 | -2,280.4 | -2,654.0 | 5,779.3 | 6,162.7 | 4,133.0 | ||||
| Net Credit to State and Local Government | 19.3 | 15.6 | 22.4 | 28.7 | 25.0 | 31.3 | 48.2 | 33.0 | 36.0 | 56.7 | ||||
| Net Credit to Public Nonfinancial Corporations | 144.3 | 351.7 | 289.5 | 393.2 | 404.9 | 204.0 | 180.0 | 288.5 | 368.1 | -5.5 | ||||
| Credit to the Private Sector | 16,676.3 | 19,918.7 | 23,922.4 | 24,748.2 | 25,803.0 | 26,789.2 | 27,436.6 | 28,634.4 | 29,193.9 | 30,040.3 | ||||
| Net Credit to Other Financial Corporations | 0.0 | 11.7 | 30.1 | 285.2 | 831.0 | 731.9 | 619.4 | 1,017.3 | 1,067.7 | 1,193.1 | ||||
| Other Items (net) | -4,979.5 | -6,310.8 | -8,143.6 | -8,512.6 | -8,622.5 | -10,372.4 | -10,701.8 | -11,610.6 | -12,244.8 | -12,331.1 | ||||
| Broad Money (M2) | 13,626.7 | 15,828.9 | 17,370.2 | 18,754.2 | 20,546.0 | 21,511.9 | 22,540.2 | 22,589.5 | 22,497.0 | 25,701.1 | ||||
| Narrow Money (M1) | 8,080.8 | 9,569.8 | 9,408.8 | 11,433.9 | 12,090.5 | 12,850.8 | 13,701.1 | 14,826.9 | 13,361.4 | 15,235.3 | ||||
| Currency in Circulation | 584.6 | 632.7 | 680.0 | 681.0 | 726.7 | 785.6 | 763.4 | 797.4 | 814.5 | 861.8 | ||||
| Demand Deposits | 7,496.1 | 8,937.1 | 8,728.8 | 10,752.9 | 11,363.8 | 12,065.2 | 12,937.7 | 14,029.4 | 12,546.9 | 14,373.4 | ||||
| Other Deposits | 5,545.9 | 6,259.1 | 7,961.4 | 7,308.9 | 8,446.0 | 8,655.2 | 8,833.3 | 7,756.7 | 9,129.7 | 10,459.9 | ||||
| Monetary Survey | (Growth rates) | |||||||||||||
| Net Foreign Assets | … | -23.0 | -116.1 | -54.1 | 1,478.3 | -6,040.2 | -3,199.5 | 853.7 | 365.1 | 98.6 | ||||
| Foreign Assets | … | -9.5 | -30.7 | 5.1 | 57.7 | 150.0 | 176.6 | 145.3 | 125.2 | 65.9 | ||||
| Foreign Liabilities | … | -2.3 | 5.0 | 61.8 | -1.8 | -37.6 | -39.7 | -47.2 | -36.4 | -28.6 | ||||
| Net Domestic Assets | … | 20.1 | 18.0 | 20.9 | 11.4 | 2.5 | 1.0 | -13.0 | -18.4 | 1.7 | ||||
| Net Domestic Credit | … | 22.0 | 21.3 | 20.5 | 17.7 | 14.4 | 10.6 | 2.9 | 0.4 | 8.1 | ||||
| Net Credit to Nonfinancial Public Sector | … | 84.9 | 38.6 | 28.2 | -41.4 | -73.6 | -80.1 | -255.6 | -338.8 | -347.2 | ||||
| Net Credit to Central Government | … | 72.0 | 61.3 | 33.6 | -56.4 | -86.2 | -91.9 | -345.5 | -573.9 | -691.9 | ||||
| Credit to Central Government | … | 28.1 | 18.6 | 16.8 | 20.8 | 18.3 | 7.0 | 22.9 | 23.2 | 23.6 | ||||
| Liabilities to Central Government | … | 9.5 | -9.8 | 6.7 | 154.3 | 204.7 | 124.9 | -501.3 | -400.1 | -281.2 | ||||
| Net Credit to State and Local Government | … | -19.3 | 43.6 | 245.8 | 204.9 | 138.9 | 115.2 | 15.0 | 44.1 | 81.3 | ||||
| Net Credit to Public Nonfinancial Corporations | … | 143.8 | -17.7 | 10.5 | 10.3 | -14.5 | -37.8 | -26.6 | -9.1 | -102.7 | ||||
| Credit to the Private Sector | … | 19.4 | 20.1 | 19.0 | 19.0 | 17.4 | 14.7 | 15.7 | 13.1 | 12.1 | ||||
| Net Credit to Other Financial Corporations | … | … | 157.3 | 397.7 | 1,301.3 | 3,320.1 | 1,957.8 | 256.7 | 28.5 | 63.0 | ||||
| Other Items (net) | … | 26.7 | 29.0 | 19.5 | 34.4 | 42.2 | 31.4 | 36.4 | 42.0 | 18.9 | ||||
| Broad Money (M2) | … | 16.2 | 9.7 | 13.7 | 19.5 | 26.1 | 29.8 | 20.5 | 9.5 | 19.5 | ||||
| Narrow Money (M1) | … | 18.4 | -1.7 | 25.8 | 24.3 | 32.8 | 45.6 | 29.7 | 10.5 | 18.6 | ||||
| Currency in Circulation | … | 8.2 | 7.5 | 8.3 | 10.7 | 12.6 | 12.3 | 17.1 | 12.1 | 9.7 | ||||
| Demand Deposits | … | 19.2 | -2.3 | 27.1 | 25.3 | 34.4 | 48.2 | 30.5 | 10.4 | 19.1 | ||||
| Other Deposits | … | 12.9 | 27.2 | -1.2 | 13.1 | 17.1 | 11.0 | 6.1 | 8.1 | 20.9 | ||||
Namibia: Interest Rates, 2001–07
South African Reserve Bank’s repo rate.
Average tender rate for 91-day bills.
For South Africa, rates are upper margin of interest on time deposits of 88-91 days. For Namibia, rates are weighted averages of demand deposits, 88-day notice deposits, savings deposits, and deposits with a maturity of more than one year of two largest commercial banks.
For South Africa, prime overdraft rate of major banks. For Namibia, weighted average of different lending instruments.
Headline inflation for South Africa; Windhoek consumer price index for Namibia until 2004, NCPI from 2005 on.
Deflated by consumer price indices.
Namibia: Interest Rates, 2001–07
| 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 Oct. |
|||
|---|---|---|---|---|---|---|---|---|---|
| Short-term interest rates | (Annual averages in percent) | ||||||||
| Bank rate (end of period) | |||||||||
| In South Africa 1/ | 9.50 | 13.50 | 8.00 | 7.50 | 7.00 | 9.00 | 10.50 | ||
| In Namibia | 9.25 | 12.75 | 7.75 | 7.50 | 7.00 | 9.00 | 10.50 | ||
| Money market rate | |||||||||
| In South Africa | 8.49 | 11.11 | 10.93 | 7.15 | 6.62 | 7.19 | 9.92 | ||
| In Namibia | 9.53 | 10.46 | 10.03 | 6.93 | 6.93 | 7.12 | 8.97 | ||
| Treasury bill rate 2/ | |||||||||
| In South Africa | 9.68 | 11.16 | 10.67 | 7.53 | 6.91 | 7.34 | 9.77 | ||
| In Namibia | 9.29 | 11.00 | 10.51 | 7.78 | 7.09 | 7.26 | 9.16 | ||
| Commercial bank deposit rate 3/ | |||||||||
| In South Africa | 9.37 | 10.77 | 9.76 | 6.55 | 6.04 | 7.14 | 9.84 | ||
| In Namibia | 6.79 | 7.81 | 8.76 | 6.35 | 6.24 | 6.30 | 7.95 | ||
| Commercial bank lending rate 4/ | |||||||||
| In South Africa | 13.77 | 15.75 | 14.96 | 11.29 | 10.63 | 11.17 | 14.00 | ||
| In Namibia | 14.53 | 13.84 | 14.70 | 11.39 | 10.61 | 11.18 | 13.56 | ||
| Long-term interest rate | |||||||||
| Government bond yield in South Africa | 11.41 | 11.50 | 9.62 | 9.53 | 8.07 | 7.94 | 8.12 | ||
| Government bond yield in Namibia | 11.39 | 12.86 | 12.72 | 11.88 | 10.52 | 9.49 | 8.92 | ||
| Memorandum items: | |||||||||
| Consumer price inflation | |||||||||
| In South Africa 5/ | 5.7 | 9.2 | 5.9 | 1.4 | 3.4 | 4.6 | 6.8 | ||
| In Namibia 5/ | 9.5 | 11.3 | 7.2 | 4.1 | 2.3 | 5.1 | 6.7 | ||
| Real interest rates 6/ | |||||||||
| Commercial bank deposits | |||||||||
| In South Africa | 3.47 | 1.47 | 3.69 | 5.10 | 2.56 | 2.39 | 2.88 | ||
| In Namibia | -2.51 | -3.18 | 1.50 | 2.12 | 3.89 | 1.19 | 1.20 | ||
| Commercial bank lending | |||||||||
| In South Africa | 7.63 | 6.03 | 8.60 | 9.77 | 6.99 | 6.24 | 6.77 | ||
| In Namibia | 4.56 | 2.24 | 7.04 | 6.95 | 8.16 | 5.83 | 6.45 | ||
| Government bond yield | |||||||||
| In South Africa | 5.40 | 2.14 | 3.55 | 8.03 | 4.51 | 3.15 | 1.26 | ||
| In Namibia | 1.69 | 1.36 | 5.19 | 7.43 | 8.07 | 4.22 | 2.10 | ||
South African Reserve Bank’s repo rate.
Average tender rate for 91-day bills.
For South Africa, rates are upper margin of interest on time deposits of 88-91 days. For Namibia, rates are weighted averages of demand deposits, 88-day notice deposits, savings deposits, and deposits with a maturity of more than one year of two largest commercial banks.
For South Africa, prime overdraft rate of major banks. For Namibia, weighted average of different lending instruments.
Headline inflation for South Africa; Windhoek consumer price index for Namibia until 2004, NCPI from 2005 on.
Deflated by consumer price indices.
Namibia: Interest Rates, 2001–07
| 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 Oct. |
|||
|---|---|---|---|---|---|---|---|---|---|
| Short-term interest rates | (Annual averages in percent) | ||||||||
| Bank rate (end of period) | |||||||||
| In South Africa 1/ | 9.50 | 13.50 | 8.00 | 7.50 | 7.00 | 9.00 | 10.50 | ||
| In Namibia | 9.25 | 12.75 | 7.75 | 7.50 | 7.00 | 9.00 | 10.50 | ||
| Money market rate | |||||||||
| In South Africa | 8.49 | 11.11 | 10.93 | 7.15 | 6.62 | 7.19 | 9.92 | ||
| In Namibia | 9.53 | 10.46 | 10.03 | 6.93 | 6.93 | 7.12 | 8.97 | ||
| Treasury bill rate 2/ | |||||||||
| In South Africa | 9.68 | 11.16 | 10.67 | 7.53 | 6.91 | 7.34 | 9.77 | ||
| In Namibia | 9.29 | 11.00 | 10.51 | 7.78 | 7.09 | 7.26 | 9.16 | ||
| Commercial bank deposit rate 3/ | |||||||||
| In South Africa | 9.37 | 10.77 | 9.76 | 6.55 | 6.04 | 7.14 | 9.84 | ||
| In Namibia | 6.79 | 7.81 | 8.76 | 6.35 | 6.24 | 6.30 | 7.95 | ||
| Commercial bank lending rate 4/ | |||||||||
| In South Africa | 13.77 | 15.75 | 14.96 | 11.29 | 10.63 | 11.17 | 14.00 | ||
| In Namibia | 14.53 | 13.84 | 14.70 | 11.39 | 10.61 | 11.18 | 13.56 | ||
| Long-term interest rate | |||||||||
| Government bond yield in South Africa | 11.41 | 11.50 | 9.62 | 9.53 | 8.07 | 7.94 | 8.12 | ||
| Government bond yield in Namibia | 11.39 | 12.86 | 12.72 | 11.88 | 10.52 | 9.49 | 8.92 | ||
| Memorandum items: | |||||||||
| Consumer price inflation | |||||||||
| In South Africa 5/ | 5.7 | 9.2 | 5.9 | 1.4 | 3.4 | 4.6 | 6.8 | ||
| In Namibia 5/ | 9.5 | 11.3 | 7.2 | 4.1 | 2.3 | 5.1 | 6.7 | ||
| Real interest rates 6/ | |||||||||
| Commercial bank deposits | |||||||||
| In South Africa | 3.47 | 1.47 | 3.69 | 5.10 | 2.56 | 2.39 | 2.88 | ||
| In Namibia | -2.51 | -3.18 | 1.50 | 2.12 | 3.89 | 1.19 | 1.20 | ||
| Commercial bank lending | |||||||||
| In South Africa | 7.63 | 6.03 | 8.60 | 9.77 | 6.99 | 6.24 | 6.77 | ||
| In Namibia | 4.56 | 2.24 | 7.04 | 6.95 | 8.16 | 5.83 | 6.45 | ||
| Government bond yield | |||||||||
| In South Africa | 5.40 | 2.14 | 3.55 | 8.03 | 4.51 | 3.15 | 1.26 | ||
| In Namibia | 1.69 | 1.36 | 5.19 | 7.43 | 8.07 | 4.22 | 2.10 | ||
South African Reserve Bank’s repo rate.
Average tender rate for 91-day bills.
For South Africa, rates are upper margin of interest on time deposits of 88-91 days. For Namibia, rates are weighted averages of demand deposits, 88-day notice deposits, savings deposits, and deposits with a maturity of more than one year of two largest commercial banks.
For South Africa, prime overdraft rate of major banks. For Namibia, weighted average of different lending instruments.
Headline inflation for South Africa; Windhoek consumer price index for Namibia until 2004, NCPI from 2005 on.
Deflated by consumer price indices.
Namibia: Selected Indicators of Stock Exchange Activity, 2001–07
(Based on calendar years, with listings and share price figures stated as of December 31)
As of October.
Namibia: Selected Indicators of Stock Exchange Activity, 2001–07
(Based on calendar years, with listings and share price figures stated as of December 31)
| 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 1/ | |||
|---|---|---|---|---|---|---|---|---|---|
| Tradings on the Namibia Stock Exchange | |||||||||
| Number of deals | 5,038 | 2,951 | 2,294 | 2,582 | 2,372 | 2,549 | 1,905 | ||
| Volume (millions of shares traded) | 143 | 118 | 122 | 159 | 121 | 235 | 207 | ||
| Value traded (millions of Namibia dollars) | 2,030 | 1,380 | 2,037 | 3,042 | 3,367 | 6,714 | 9,606 | ||
| Listings and share price figures | |||||||||
| Overall market | |||||||||
| Number of listed companies overall | 37 | 35 | 35 | 32 | 27 | 28 | 25 | ||
| Market capitalization (millions of Namibia dollars) | 511,651 | 386,617 | 460,315 | 573,878 | 769,585 | 112,542 | 131,202 | ||
| Index (year-end) | 392 | 305 | 347 | 426 | 582 | 828 | 1,016 | ||
| Local market | |||||||||
| Number of local listed companies | 14 | 12 | 11 | 9 | 9 | 9 | 7 | ||
| Local market capitalization (millions of Namibia dollars) | 1,805 | 1,728 | 2,054 | 2,492 | 2,630 | 3,820 | 4,594 | ||
| Local index (year-end) | 59 | 47 | 58 | 67 | 72 | 91 | 129 | ||
As of October.
Namibia: Selected Indicators of Stock Exchange Activity, 2001–07
(Based on calendar years, with listings and share price figures stated as of December 31)
| 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 1/ | |||
|---|---|---|---|---|---|---|---|---|---|
| Tradings on the Namibia Stock Exchange | |||||||||
| Number of deals | 5,038 | 2,951 | 2,294 | 2,582 | 2,372 | 2,549 | 1,905 | ||
| Volume (millions of shares traded) | 143 | 118 | 122 | 159 | 121 | 235 | 207 | ||
| Value traded (millions of Namibia dollars) | 2,030 | 1,380 | 2,037 | 3,042 | 3,367 | 6,714 | 9,606 | ||
| Listings and share price figures | |||||||||
| Overall market | |||||||||
| Number of listed companies overall | 37 | 35 | 35 | 32 | 27 | 28 | 25 | ||
| Market capitalization (millions of Namibia dollars) | 511,651 | 386,617 | 460,315 | 573,878 | 769,585 | 112,542 | 131,202 | ||
| Index (year-end) | 392 | 305 | 347 | 426 | 582 | 828 | 1,016 | ||
| Local market | |||||||||
| Number of local listed companies | 14 | 12 | 11 | 9 | 9 | 9 | 7 | ||
| Local market capitalization (millions of Namibia dollars) | 1,805 | 1,728 | 2,054 | 2,492 | 2,630 | 3,820 | 4,594 | ||
| Local index (year-end) | 59 | 47 | 58 | 67 | 72 | 91 | 129 | ||
As of October.
Namibia: Balance of Payments, 2001–06
Southern African Customs Union.
Gross foreign assets of the Bank of Namibia.
Namibia: Balance of Payments, 2001–06
| 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| (In millions of U.S. dollars) | ||||||||||||
| Current account | 59.7 | 115.0 | 299.9 | 461.7 | 344.4 | 1,106.1 | ||||||
| Trade balance | -198.9 | -207.6 | -460.2 | -283.6 | -265.3 | 94.8 | ||||||
| Exports, f.o.b. | 1,142.4 | 1,072.4 | 1,250.9 | 1,823.4 | 2,066.7 | 2,652.3 | ||||||
| Of which: diamonds | 524.1 | 533.3 | 510.9 | 824.5 | 848.3 | 1,083.8 | ||||||
| other minerals | 194.4 | 200.3 | 182.6 | 227.5 | 275.0 | 474.7 | ||||||
| fish | 157.4 | 149.8 | 229.5 | 178.7 | 155.9 | 204.8 | ||||||
| Imports, f.o.b. | -1,341.3 | -1,280.0 | -1,711.1 | -2,107.0 | -2,331.9 | -2,557.5 | ||||||
| Services | 16.5 | 37.1 | 138.6 | 54.9 | 43.1 | 97.2 | ||||||
| Transportation (net) | -45.3 | -38.1 | -6.6 | -109.9 | -107.8 | -48.5 | ||||||
| Travel | 163.3 | 152.5 | 230.0 | 281.4 | 239.7 | 265.3 | ||||||
| Other services | -101.5 | -77.2 | -84.7 | -116.6 | -88.8 | -119.8 | ||||||
| Income | -104.6 | 10.1 | 163.2 | 23.1 | -103.1 | -35.8 | ||||||
| Compensation of employees | -0.9 | -1.3 | -4.1 | -4.2 | -3.6 | -5.9 | ||||||
| Investment income | -103.6 | 11.5 | 167.3 | 27.3 | -99.5 | -29.9 | ||||||
| Current transfers | 346.7 | 275.3 | 458.3 | 667.3 | 669.7 | 949.9 | ||||||
| Government (net) | 333.7 | 264.5 | 437.3 | 644.8 | 649.0 | 927.1 | ||||||
| Of which: SACU receipts 1/ | 313.9 | 248.0 | 386.8 | 606.8 | 650.1 | 893.9 | ||||||
| Capital and financial account | 137.6 | -213.0 | -281.9 | -604.7 | -451.9 | -1,236.8 | ||||||
| Capital account | 94.8 | 40.8 | 67.3 | 77.2 | 79.4 | 84.7 | ||||||
| Financial account | 42.8 | -253.8 | -349.2 | -681.9 | -531.3 | -1,321.5 | ||||||
| Direct investment | 378.1 | 187.3 | 159.1 | 248.4 | 360.4 | 339.1 | ||||||
| Portfolio investment | -420.5 | -422.3 | -633.5 | -842.6 | -1,043.7 | -1,112.4 | ||||||
| Other investment | 43.3 | 97.2 | 108.9 | -54.3 | 114.4 | -407.9 | ||||||
| Reserve assets (increase -) | 41.9 | -115.9 | 16.2 | -33.4 | 37.5 | -140.3 | ||||||
| Net errors and omissions | -197.3 | 98.0 | -18.0 | 143.0 | 107.5 | 130.7 | ||||||
| Memorandum items: | ||||||||||||
| Current account (excluding official transfers) | -274.0 | -149.5 | -137.3 | -183.1 | -304.6 | 179.0 | ||||||
| Current account/GDP (in percent) | ||||||||||||
| Excluding current official transfers | -8.5 | -4.8 | -3.1 | -3.2 | -4.9 | 2.6 | ||||||
| Including current official transfers | 1.9 | 3.7 | 6.7 | 8.2 | 5.5 | 15.9 | ||||||
| International reserves (end-of-period) 2/ | 224.0 | 336.2 | 318.9 | 352.7 | 315.9 | 512.7 | ||||||
| In months of imports of goods and services | 1.7 | 2.7 | 1.9 | 1.7 | 1.4 | 2.1 | ||||||
| Exchange rates | ||||||||||||
| Namibia dollars per U.S. dollar (period average) | 8.60 | 10.52 | 7.56 | 6.45 | 6.36 | 6.77 | ||||||
| Namibia dollars per U.S. dollar (end-of-period) | 12.13 | 8.64 | 6.64 | 5.63 | 6.33 | 6.97 | ||||||
| US$ per Namibia dollars (period average) | 0.12 | 0.10 | 0.13 | 0.16 | 0.16 | 0.15 | ||||||
| US$ per Namibia dollars (end-of-period) | 0.08 | 0.12 | 0.15 | 0.18 | 0.16 | 0.14 | ||||||
Southern African Customs Union.
Gross foreign assets of the Bank of Namibia.
Namibia: Balance of Payments, 2001–06
| 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| (In millions of U.S. dollars) | ||||||||||||
| Current account | 59.7 | 115.0 | 299.9 | 461.7 | 344.4 | 1,106.1 | ||||||
| Trade balance | -198.9 | -207.6 | -460.2 | -283.6 | -265.3 | 94.8 | ||||||
| Exports, f.o.b. | 1,142.4 | 1,072.4 | 1,250.9 | 1,823.4 | 2,066.7 | 2,652.3 | ||||||
| Of which: diamonds | 524.1 | 533.3 | 510.9 | 824.5 | 848.3 | 1,083.8 | ||||||
| other minerals | 194.4 | 200.3 | 182.6 | 227.5 | 275.0 | 474.7 | ||||||
| fish | 157.4 | 149.8 | 229.5 | 178.7 | 155.9 | 204.8 | ||||||
| Imports, f.o.b. | -1,341.3 | -1,280.0 | -1,711.1 | -2,107.0 | -2,331.9 | -2,557.5 | ||||||
| Services | 16.5 | 37.1 | 138.6 | 54.9 | 43.1 | 97.2 | ||||||
| Transportation (net) | -45.3 | -38.1 | -6.6 | -109.9 | -107.8 | -48.5 | ||||||
| Travel | 163.3 | 152.5 | 230.0 | 281.4 | 239.7 | 265.3 | ||||||
| Other services | -101.5 | -77.2 | -84.7 | -116.6 | -88.8 | -119.8 | ||||||
| Income | -104.6 | 10.1 | 163.2 | 23.1 | -103.1 | -35.8 | ||||||
| Compensation of employees | -0.9 | -1.3 | -4.1 | -4.2 | -3.6 | -5.9 | ||||||
| Investment income | -103.6 | 11.5 | 167.3 | 27.3 | -99.5 | -29.9 | ||||||
| Current transfers | 346.7 | 275.3 | 458.3 | 667.3 | 669.7 | 949.9 | ||||||
| Government (net) | 333.7 | 264.5 | 437.3 | 644.8 | 649.0 | 927.1 | ||||||
| Of which: SACU receipts 1/ | 313.9 | 248.0 | 386.8 | 606.8 | 650.1 | 893.9 | ||||||
| Capital and financial account | 137.6 | -213.0 | -281.9 | -604.7 | -451.9 | -1,236.8 | ||||||
| Capital account | 94.8 | 40.8 | 67.3 | 77.2 | 79.4 | 84.7 | ||||||
| Financial account | 42.8 | -253.8 | -349.2 | -681.9 | -531.3 | -1,321.5 | ||||||
| Direct investment | 378.1 | 187.3 | 159.1 | 248.4 | 360.4 | 339.1 | ||||||
| Portfolio investment | -420.5 | -422.3 | -633.5 | -842.6 | -1,043.7 | -1,112.4 | ||||||
| Other investment | 43.3 | 97.2 | 108.9 | -54.3 | 114.4 | -407.9 | ||||||
| Reserve assets (increase -) | 41.9 | -115.9 | 16.2 | -33.4 | 37.5 | -140.3 | ||||||
| Net errors and omissions | -197.3 | 98.0 | -18.0 | 143.0 | 107.5 | 130.7 | ||||||
| Memorandum items: | ||||||||||||
| Current account (excluding official transfers) | -274.0 | -149.5 | -137.3 | -183.1 | -304.6 | 179.0 | ||||||
| Current account/GDP (in percent) | ||||||||||||
| Excluding current official transfers | -8.5 | -4.8 | -3.1 | -3.2 | -4.9 | 2.6 | ||||||
| Including current official transfers | 1.9 | 3.7 | 6.7 | 8.2 | 5.5 | 15.9 | ||||||
| International reserves (end-of-period) 2/ | 224.0 | 336.2 | 318.9 | 352.7 | 315.9 | 512.7 | ||||||
| In months of imports of goods and services | 1.7 | 2.7 | 1.9 | 1.7 | 1.4 | 2.1 | ||||||
| Exchange rates | ||||||||||||
| Namibia dollars per U.S. dollar (period average) | 8.60 | 10.52 | 7.56 | 6.45 | 6.36 | 6.77 | ||||||
| Namibia dollars per U.S. dollar (end-of-period) | 12.13 | 8.64 | 6.64 | 5.63 | 6.33 | 6.97 | ||||||
| US$ per Namibia dollars (period average) | 0.12 | 0.10 | 0.13 | 0.16 | 0.16 | 0.15 | ||||||
| US$ per Namibia dollars (end-of-period) | 0.08 | 0.12 | 0.15 | 0.18 | 0.16 | 0.14 | ||||||
Southern African Customs Union.
Gross foreign assets of the Bank of Namibia.
Namibia: Merchandise Exports by Commodity Group, 2001–First Half of 2007
Namibia: Merchandise Exports by Commodity Group, 2001–First Half of 2007
| 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | |||
|---|---|---|---|---|---|---|---|---|---|
| First Half | |||||||||
| (US$ Millions) | |||||||||
| Exports, f.o.b. | 1,142.4 | 1,072.4 | 1,250.9 | 1,823.4 | 2,066.7 | 2,652.3 | 1,341.3 | ||
| Diamonds | 524.1 | 533.3 | 510.9 | 824.5 | 848.3 | 1,083.8 | 469.9 | ||
| Other minerals | 194.4 | 200.3 | 182.6 | 227.5 | 275.0 | 474.7 | 338.6 | ||
| Fish | 157.4 | 149.8 | 229.5 | 178.7 | 155.9 | 204.8 | 146.0 | ||
| Unproceesed fish, lobster & crab | 41.0 | 38.0 | 27.9 | 44.8 | 50.9 | 54.2 | 19.0 | ||
| Processed fish | 116.5 | 111.8 | 201.6 | 133.9 | 105.0 | 150.6 | 127.0 | ||
| Other manufactured products | 124.3 | 66.3 | 156.5 | 308.5 | 403.3 | 559.4 | 248.1 | ||
| Food and live animals | 121.8 | 117.3 | 161.3 | 194.4 | 265.5 | 269.7 | 132.9 | ||
| Meat & meat preparations | 73.0 | 53.2 | 78.2 | 99.7 | 147.5 | 144.7 | 68.3 | ||
| Other commodities | 1.5 | 1.6 | 2.8 | 4.5 | 4.6 | 4.3 | 2.0 | ||
| Other exports | 18.9 | 3.9 | 7.4 | 85.3 | 114.0 | 55.7 | 3.7 | ||
| (Growth rates) | |||||||||
| Exports, f.o.b. | -13.4 | -6.1 | 16.6 | 45.8 | 13.3 | 28.3 | … | ||
| Diamonds | -14.5 | 1.8 | -4.2 | 61.4 | 2.9 | 27.8 | … | ||
| Other minerals | 5.5 | 3.0 | -8.8 | 24.6 | 20.8 | 72.6 | … | ||
| Fish | -14.8 | -4.9 | 53.2 | -22.1 | -12.7 | 31.3 | … | ||
| Unproceesed fish, lobster & crab | 32.2 | -7.2 | -26.7 | 60.7 | 13.6 | 6.5 | … | ||
| Processed fish | -24.3 | -4.0 | 80.4 | -33.6 | -21.5 | 43.4 | … | ||
| Other manufactured products | -0.3 | -46.7 | 136.1 | 97.2 | 30.7 | 38.7 | … | ||
| Food and live animals | -0.5 | -3.7 | 37.6 | 20.5 | 36.6 | 1.6 | … | ||
| Meat & meat preparations | -31.7 | -27.2 | 47.1 | 27.4 | 48.0 | -1.9 | … | ||
| Other commodities | -28.1 | 6.6 | 71.4 | 61.5 | 1.4 | -6.0 | … | ||
| Other exports | -45.5 | -79.5 | 90.8 | 1,052.6 | 33.7 | -51.1 | … | ||
| (Percent of Total) | |||||||||
| Exports, f.o.b. | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | ||
| Diamonds | 45.9 | 49.7 | 40.8 | 45.2 | 41.0 | 40.9 | 35.0 | ||
| Other minerals | 17.0 | 18.7 | 14.6 | 12.5 | 13.3 | 17.9 | 25.2 | ||
| Fish | 13.8 | 14.0 | 18.3 | 9.8 | 7.5 | 7.7 | 10.9 | ||
| Unproceesed fish, lobster & crab | 3.6 | 3.5 | 2.2 | 2.5 | 2.5 | 2.0 | 1.4 | ||
| Processed fish | 10.2 | 10.4 | 16.1 | 7.3 | 5.1 | 5.7 | 9.5 | ||
| Other manufactured products | 10.9 | 6.2 | 12.5 | 16.9 | 19.5 | 21.1 | 18.5 | ||
| Food and live animals | 10.7 | 10.9 | 12.9 | 10.7 | 12.8 | 10.2 | 9.9 | ||
| Meat & meat preparations | 6.4 | 5.0 | 6.3 | 5.5 | 7.1 | 5.5 | 5.1 | ||
| Other commodities | 0.1 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | ||
| Other exports | 1.7 | 0.4 | 0.6 | 4.7 | 5.5 | 2.1 | 0.3 | ||
Namibia: Merchandise Exports by Commodity Group, 2001–First Half of 2007
| 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | |||
|---|---|---|---|---|---|---|---|---|---|
| First Half | |||||||||
| (US$ Millions) | |||||||||
| Exports, f.o.b. | 1,142.4 | 1,072.4 | 1,250.9 | 1,823.4 | 2,066.7 | 2,652.3 | 1,341.3 | ||
| Diamonds | 524.1 | 533.3 | 510.9 | 824.5 | 848.3 | 1,083.8 | 469.9 | ||
| Other minerals | 194.4 | 200.3 | 182.6 | 227.5 | 275.0 | 474.7 | 338.6 | ||
| Fish | 157.4 | 149.8 | 229.5 | 178.7 | 155.9 | 204.8 | 146.0 | ||
| Unproceesed fish, lobster & crab | 41.0 | 38.0 | 27.9 | 44.8 | 50.9 | 54.2 | 19.0 | ||
| Processed fish | 116.5 | 111.8 | 201.6 | 133.9 | 105.0 | 150.6 | 127.0 | ||
| Other manufactured products | 124.3 | 66.3 | 156.5 | 308.5 | 403.3 | 559.4 | 248.1 | ||
| Food and live animals | 121.8 | 117.3 | 161.3 | 194.4 | 265.5 | 269.7 | 132.9 | ||
| Meat & meat preparations | 73.0 | 53.2 | 78.2 | 99.7 | 147.5 | 144.7 | 68.3 | ||
| Other commodities | 1.5 | 1.6 | 2.8 | 4.5 | 4.6 | 4.3 | 2.0 | ||
| Other exports | 18.9 | 3.9 | 7.4 | 85.3 | 114.0 | 55.7 | 3.7 | ||
| (Growth rates) | |||||||||
| Exports, f.o.b. | -13.4 | -6.1 | 16.6 | 45.8 | 13.3 | 28.3 | … | ||
| Diamonds | -14.5 | 1.8 | -4.2 | 61.4 | 2.9 | 27.8 | … | ||
| Other minerals | 5.5 | 3.0 | -8.8 | 24.6 | 20.8 | 72.6 | … | ||
| Fish | -14.8 | -4.9 | 53.2 | -22.1 | -12.7 | 31.3 | … | ||
| Unproceesed fish, lobster & crab | 32.2 | -7.2 | -26.7 | 60.7 | 13.6 | 6.5 | … | ||
| Processed fish | -24.3 | -4.0 | 80.4 | -33.6 | -21.5 | 43.4 | … | ||
| Other manufactured products | -0.3 | -46.7 | 136.1 | 97.2 | 30.7 | 38.7 | … | ||
| Food and live animals | -0.5 | -3.7 | 37.6 | 20.5 | 36.6 | 1.6 | … | ||
| Meat & meat preparations | -31.7 | -27.2 | 47.1 | 27.4 | 48.0 | -1.9 | … | ||
| Other commodities | -28.1 | 6.6 | 71.4 | 61.5 | 1.4 | -6.0 | … | ||
| Other exports | -45.5 | -79.5 | 90.8 | 1,052.6 | 33.7 | -51.1 | … | ||
| (Percent of Total) | |||||||||
| Exports, f.o.b. | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | ||
| Diamonds | 45.9 | 49.7 | 40.8 | 45.2 | 41.0 | 40.9 | 35.0 | ||
| Other minerals | 17.0 | 18.7 | 14.6 | 12.5 | 13.3 | 17.9 | 25.2 | ||
| Fish | 13.8 | 14.0 | 18.3 | 9.8 | 7.5 | 7.7 | 10.9 | ||
| Unproceesed fish, lobster & crab | 3.6 | 3.5 | 2.2 | 2.5 | 2.5 | 2.0 | 1.4 | ||
| Processed fish | 10.2 | 10.4 | 16.1 | 7.3 | 5.1 | 5.7 | 9.5 | ||
| Other manufactured products | 10.9 | 6.2 | 12.5 | 16.9 | 19.5 | 21.1 | 18.5 | ||
| Food and live animals | 10.7 | 10.9 | 12.9 | 10.7 | 12.8 | 10.2 | 9.9 | ||
| Meat & meat preparations | 6.4 | 5.0 | 6.3 | 5.5 | 7.1 | 5.5 | 5.1 | ||
| Other commodities | 0.1 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | ||
| Other exports | 1.7 | 0.4 | 0.6 | 4.7 | 5.5 | 2.1 | 0.3 | ||
Namibia: Mineral Exports, 2001–First Half of 2007
Namibia: Mineral Exports, 2001–First Half of 2007
| 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | |
|---|---|---|---|---|---|---|---|
| First Half | |||||||
| N$ Millions | |||||||
| Diamonds | 4,508.9 | 5,608.3 | 3,864.6 | 5,317.9 | 5,397.3 | 7,334.1 | 3,366.8 |
| Uranium | 998.5 | 1,206.5 | 592.2 | 750.3 | 926.3 | 1,554.8 | 1,535.1 |
| Zinc | 134.6 | 140.2 | 197.8 | 211.0 | 279.0 | 764.3 | 386.9 |
| Gold | 207.7 | 301.0 | 219.7 | 158.9 | 228.0 | 358.6 | 227.2 |
| Copper | 200.7 | 261.4 | 184.1 | 212.9 | 194.3 | 312.8 | 154.3 |
| Silver | 24.8 | 63.1 | 28.3 | 31.0 | 35.7 | 88.1 | 28.0 |
| Lead | 31.1 | 48.0 | 56.4 | 45.9 | 34.2 | 75.1 | 30.6 |
| Other | 75.1 | 86.3 | 102.6 | 57.4 | 51.9 | 58.3 | 64.3 |
| TOTAL | 6,181.4 | 7,714.8 | 5,245.9 | 6,785.5 | 7,146.8 | 10,546.2 | 5,793.1 |
| Official exchange rate (average) | 8.60 | 10.52 | 7.56 | 6.45 | 6.36 | 6.77 | 7.17 |
| US$ Millions | |||||||
| Diamonds | 524.1 | 533.3 | 510.9 | 824.5 | 848.3 | 1,083.8 | 469.9 |
| Uranium | 116.1 | 114.7 | 78.3 | 116.3 | 145.6 | 229.8 | 214.3 |
| Zinc | 15.6 | 13.3 | 26.2 | 32.7 | 43.9 | 112.9 | 54.0 |
| Gold | 24.1 | 28.6 | 29.0 | 24.6 | 35.8 | 53.0 | 31.7 |
| Copper | 23.3 | 24.9 | 24.3 | 33.0 | 30.5 | 46.2 | 21.5 |
| Silver | 2.9 | 6.0 | 3.7 | 4.8 | 5.6 | 13.0 | 3.9 |
| Lead | 3.6 | 4.6 | 7.5 | 7.1 | 5.4 | 11.1 | 4.3 |
| Other | 8.7 | 8.2 | 13.6 | 8.9 | 8.2 | 8.6 | 9.0 |
| TOTAL | 718.5 | 733.6 | 693.5 | 1,052.0 | 1,123.3 | 1,558.4 | 808.5 |
Namibia: Mineral Exports, 2001–First Half of 2007
| 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | |
|---|---|---|---|---|---|---|---|
| First Half | |||||||
| N$ Millions | |||||||
| Diamonds | 4,508.9 | 5,608.3 | 3,864.6 | 5,317.9 | 5,397.3 | 7,334.1 | 3,366.8 |
| Uranium | 998.5 | 1,206.5 | 592.2 | 750.3 | 926.3 | 1,554.8 | 1,535.1 |
| Zinc | 134.6 | 140.2 | 197.8 | 211.0 | 279.0 | 764.3 | 386.9 |
| Gold | 207.7 | 301.0 | 219.7 | 158.9 | 228.0 | 358.6 | 227.2 |
| Copper | 200.7 | 261.4 | 184.1 | 212.9 | 194.3 | 312.8 | 154.3 |
| Silver | 24.8 | 63.1 | 28.3 | 31.0 | 35.7 | 88.1 | 28.0 |
| Lead | 31.1 | 48.0 | 56.4 | 45.9 | 34.2 | 75.1 | 30.6 |
| Other | 75.1 | 86.3 | 102.6 | 57.4 | 51.9 | 58.3 | 64.3 |
| TOTAL | 6,181.4 | 7,714.8 | 5,245.9 | 6,785.5 | 7,146.8 | 10,546.2 | 5,793.1 |
| Official exchange rate (average) | 8.60 | 10.52 | 7.56 | 6.45 | 6.36 | 6.77 | 7.17 |
| US$ Millions | |||||||
| Diamonds | 524.1 | 533.3 | 510.9 | 824.5 | 848.3 | 1,083.8 | 469.9 |
| Uranium | 116.1 | 114.7 | 78.3 | 116.3 | 145.6 | 229.8 | 214.3 |
| Zinc | 15.6 | 13.3 | 26.2 | 32.7 | 43.9 | 112.9 | 54.0 |
| Gold | 24.1 | 28.6 | 29.0 | 24.6 | 35.8 | 53.0 | 31.7 |
| Copper | 23.3 | 24.9 | 24.3 | 33.0 | 30.5 | 46.2 | 21.5 |
| Silver | 2.9 | 6.0 | 3.7 | 4.8 | 5.6 | 13.0 | 3.9 |
| Lead | 3.6 | 4.6 | 7.5 | 7.1 | 5.4 | 11.1 | 4.3 |
| Other | 8.7 | 8.2 | 13.6 | 8.9 | 8.2 | 8.6 | 9.0 |
| TOTAL | 718.5 | 733.6 | 693.5 | 1,052.0 | 1,123.3 | 1,558.4 | 808.5 |
Namibia: External Trade Indices, 2001–06
Namibia: External Trade Indices, 2001–06
| 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | ||
|---|---|---|---|---|---|---|---|
| (In U.S. dollar terms, 2001 =100) | |||||||
| Exports | |||||||
| Value | 100.0 | 93.9 | 109.5 | 159.6 | 180.9 | 232.3 | |
| Volume | 100.0 | 89.8 | 99.9 | 130.6 | 136.6 | 153.1 | |
| Price | 100.0 | 104.6 | 109.6 | 122.2 | 132.4 | 151.7 | |
| Imports | |||||||
| Value | 100.0 | 95.4 | 127.6 | 157.1 | 173.9 | 190.7 | |
| Volume | 100.0 | 91.7 | 117.1 | 140.3 | 150.3 | 159.7 | |
| Price | 100.0 | 104.1 | 108.9 | 112.0 | 115.7 | 119.4 | |
| Terms of trade | 100.0 | 100.5 | 100.6 | 109.1 | 114.4 | 127.1 | |
| (Annual change in percent) | |||||||
| Exports | |||||||
| Value | 15.6 | -6.1 | 16.6 | 45.8 | 13.3 | 28.4 | |
| Volume | -17.6 | -10.2 | 11.3 | 30.7 | 4.6 | 12.1 | |
| Price | 5.0 | 4.6 | 4.9 | 11.5 | 8.3 | 14.6 | |
| Imports | |||||||
| Value | 2.3 | -4.6 | 33.7 | 23.1 | 10.7 | 9.7 | |
| Volume | -2.2 | -8.3 | 27.7 | 19.8 | 7.1 | 6.3 | |
| Price | 50.8 | 4.1 | 4.7 | 2.8 | 3.3 | 3.2 | |
| Terms of trade | 0.5 | 0.5 | 0.2 | 8.5 | 4.8 | 11.1 | |
Namibia: External Trade Indices, 2001–06
| 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | ||
|---|---|---|---|---|---|---|---|
| (In U.S. dollar terms, 2001 =100) | |||||||
| Exports | |||||||
| Value | 100.0 | 93.9 | 109.5 | 159.6 | 180.9 | 232.3 | |
| Volume | 100.0 | 89.8 | 99.9 | 130.6 | 136.6 | 153.1 | |
| Price | 100.0 | 104.6 | 109.6 | 122.2 | 132.4 | 151.7 | |
| Imports | |||||||
| Value | 100.0 | 95.4 | 127.6 | 157.1 | 173.9 | 190.7 | |
| Volume | 100.0 | 91.7 | 117.1 | 140.3 | 150.3 | 159.7 | |
| Price | 100.0 | 104.1 | 108.9 | 112.0 | 115.7 | 119.4 | |
| Terms of trade | 100.0 | 100.5 | 100.6 | 109.1 | 114.4 | 127.1 | |
| (Annual change in percent) | |||||||
| Exports | |||||||
| Value | 15.6 | -6.1 | 16.6 | 45.8 | 13.3 | 28.4 | |
| Volume | -17.6 | -10.2 | 11.3 | 30.7 | 4.6 | 12.1 | |
| Price | 5.0 | 4.6 | 4.9 | 11.5 | 8.3 | 14.6 | |
| Imports | |||||||
| Value | 2.3 | -4.6 | 33.7 | 23.1 | 10.7 | 9.7 | |
| Volume | -2.2 | -8.3 | 27.7 | 19.8 | 7.1 | 6.3 | |
| Price | 50.8 | 4.1 | 4.7 | 2.8 | 3.3 | 3.2 | |
| Terms of trade | 0.5 | 0.5 | 0.2 | 8.5 | 4.8 | 11.1 | |
Namibia: Merchandise Imports by Commodity Group, 2001–06
Namibia: Merchandise Imports by Commodity Group, 2001–06
| 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | ||
|---|---|---|---|---|---|---|---|
| Preliminary | |||||||
| (US$ Millions) | |||||||
| Total imports, c.i.f. | 1,421.3 | 1,397.8 | 2,334.2 | 2,407.6 | 2,524.8 | 2,815.9 | |
| Food, live animals, beverages, and tobacco | 22.3 | 18.2 | 61.3 | 85.2 | 92.7 | 80.8 | |
| Textiles, clothing, footwear | 25.2 | 24.5 | 44.2 | 43.0 | 47.6 | 56.1 | |
| Wood, paper and paper products, furniture | 84.8 | 67.2 | 123.8 | 128.2 | 140.3 | 136.9 | |
| Mineral fuels and lubricants | 170.0 | 169.8 | 256.3 | 171.2 | 188.0 | 192.9 | |
| Chemicals, plastic, medical, rubber | 62.9 | 67.1 | 99.5 | 105.8 | 116.0 | 126.4 | |
| Metal and metal products | 4.2 | 6.5 | 7.1 | 12.7 | 25.5 | 23.1 | |
| Machinery and electrical goods | 281.8 | 276.4 | 452.4 | 465.4 | 468.6 | 576.9 | |
| Vehicles and transport equipment | 168.2 | 142.0 | 264.0 | 351.8 | 388.2 | 423.6 | |
| All other imports | 601.8 | 626.1 | 1,025.5 | 1,044.2 | 1,057.8 | 1,199.1 | |
| (Growth rates) | |||||||
| Total imports, c.i.f. | -1.7 | 67.0 | 3.1 | 4.9 | 11.5 | ||
| Food, live animals, beverages, and tobacco | -18.5 | 237.1 | 39.0 | 8.7 | -12.8 | ||
| Textiles, clothing, footwear | -2.8 | 80.0 | -2.7 | 10.8 | 17.7 | ||
| Wood, paper and paper products, furniture | -20.8 | 84.2 | 3.6 | 9.4 | -2.5 | ||
| Mineral fuels and lubricants | -0.1 | 51.0 | -33.2 | 9.8 | 2.6 | ||
| Chemicals, plastic, medical, rubber | 6.8 | 48.3 | 6.3 | 9.6 | 8.9 | ||
| Metal and metal products | 52.4 | 9.8 | 78.2 | 101.6 | -9.3 | ||
| Machinery and electrical goods | -1.9 | 63.7 | 2.9 | 0.7 | 23.1 | ||
| Vehicles and transport equipment | -15.6 | 85.9 | 33.3 | 10.3 | 9.1 | ||
| All other imports | 4.0 | 63.8 | 1.8 | 1.3 | 13.4 | ||
| Memorandum items: | |||||||
| Total imports, f.o.b. (in millions of U.S. dollars) | 1,341.3 | 1,280.0 | 1,711.1 | 2,107.0 | 2,331.9 | 2,557.5 | |
| Imports, f.o.b./ imports, c.i.f. (in percent) | 94.4 | 91.6 | 73.3 | 87.5 | 92.4 | 90.8 | |
Namibia: Merchandise Imports by Commodity Group, 2001–06
| 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | ||
|---|---|---|---|---|---|---|---|
| Preliminary | |||||||
| (US$ Millions) | |||||||
| Total imports, c.i.f. | 1,421.3 | 1,397.8 | 2,334.2 | 2,407.6 | 2,524.8 | 2,815.9 | |
| Food, live animals, beverages, and tobacco | 22.3 | 18.2 | 61.3 | 85.2 | 92.7 | 80.8 | |
| Textiles, clothing, footwear | 25.2 | 24.5 | 44.2 | 43.0 | 47.6 | 56.1 | |
| Wood, paper and paper products, furniture | 84.8 | 67.2 | 123.8 | 128.2 | 140.3 | 136.9 | |
| Mineral fuels and lubricants | 170.0 | 169.8 | 256.3 | 171.2 | 188.0 | 192.9 | |
| Chemicals, plastic, medical, rubber | 62.9 | 67.1 | 99.5 | 105.8 | 116.0 | 126.4 | |
| Metal and metal products | 4.2 | 6.5 | 7.1 | 12.7 | 25.5 | 23.1 | |
| Machinery and electrical goods | 281.8 | 276.4 | 452.4 | 465.4 | 468.6 | 576.9 | |
| Vehicles and transport equipment | 168.2 | 142.0 | 264.0 | 351.8 | 388.2 | 423.6 | |
| All other imports | 601.8 | 626.1 | 1,025.5 | 1,044.2 | 1,057.8 | 1,199.1 | |
| (Growth rates) | |||||||
| Total imports, c.i.f. | -1.7 | 67.0 | 3.1 | 4.9 | 11.5 | ||
| Food, live animals, beverages, and tobacco | -18.5 | 237.1 | 39.0 | 8.7 | -12.8 | ||
| Textiles, clothing, footwear | -2.8 | 80.0 | -2.7 | 10.8 | 17.7 | ||
| Wood, paper and paper products, furniture | -20.8 | 84.2 | 3.6 | 9.4 | -2.5 | ||
| Mineral fuels and lubricants | -0.1 | 51.0 | -33.2 | 9.8 | 2.6 | ||
| Chemicals, plastic, medical, rubber | 6.8 | 48.3 | 6.3 | 9.6 | 8.9 | ||
| Metal and metal products | 52.4 | 9.8 | 78.2 | 101.6 | -9.3 | ||
| Machinery and electrical goods | -1.9 | 63.7 | 2.9 | 0.7 | 23.1 | ||
| Vehicles and transport equipment | -15.6 | 85.9 | 33.3 | 10.3 | 9.1 | ||
| All other imports | 4.0 | 63.8 | 1.8 | 1.3 | 13.4 | ||
| Memorandum items: | |||||||
| Total imports, f.o.b. (in millions of U.S. dollars) | 1,341.3 | 1,280.0 | 1,711.1 | 2,107.0 | 2,331.9 | 2,557.5 | |
| Imports, f.o.b./ imports, c.i.f. (in percent) | 94.4 | 91.6 | 73.3 | 87.5 | 92.4 | 90.8 | |
Namibia: Imports (c.i.f) by Country of Origin, 2001–06
Namibia: Imports (c.i.f) by Country of Origin, 2001–06
| 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | ||
|---|---|---|---|---|---|---|---|
| (In millions of Namibia dollars) | |||||||
| Belgium | 43.1 | 88.1 | 77.5 | 61.2 | 103.1 | 68.7 | |
| Canada | … | 121.4 | 5.6 | 5.9 | 9.7 | 23.9 | |
| China | 141.4 | 121.4 | 194.6 | 182.1 | 255.6 | 659.4 | |
| France | 71.2 | 150.3 | 93.7 | 29.8 | 33.3 | 62.5 | |
| Germany | 253.8 | 426.7 | 375.6 | 284.8 | 307.7 | 425.1 | |
| India | 29.1 | 48.6 | 74.2 | 137.4 | 83.3 | 139.6 | |
| Isreal | 24.0 | … | 91.5 | 4.7 | 7.8 | 16.6 | |
| Japan | 23.7 | … | 94.7 | 55.9 | 30.8 | 44.1 | |
| Netherlands | 49.9 | 46.9 | 43.8 | 33.0 | 80.6 | 56.2 | |
| New Zealand | … | … | 0.5 | 1.0 | 0.1 | 0.9 | |
| Russian Federation | … | … | 17.2 | 9.2 | 8.6 | 16.5 | |
| Singapore | … | 141.9 | 94.0 | 48.8 | 39.8 | 52.1 | |
| South Africa | 10,736.0 | 10,507.7 | 14,573.4 | 13,239.3 | 13,364.3 | 15,698.5 | |
| Spain | 108.4 | 169.4 | 258.5 | 102.1 | 227.6 | 135.1 | |
| Switzerland | 253.8 | 169.4 | 88.9 | 69.4 | 131.8 | 160.6 | |
| United Kingdom | 152.0 | 357.7 | 211.9 | 400.1 | 172.1 | 160.7 | |
| United States of America | 117.0 | 272.5 | 149.3 | 115.8 | 125.2 | 283.1 | |
| Zimbabwe | 46.0 | … | 235.1 | 120.9 | 130.6 | 126.4 | |
| Sub-total | 12,049.3 | 12,622.1 | 16,680.1 | 14,901.2 | 15,112.0 | 18,129.9 | |
| Other | 493.3 | 964.2 | 1,203.8 | 627.6 | 951.1 | 925.6 | |
| Total | 12,542.6 | 13,586.3 | 17,883.9 | 15,528.8 | 16,063.1 | 19,055.6 | |
| (In percent of total) | |||||||
| Belgium | 0.3 | 0.6 | 0.4 | 0.4 | 0.6 | 0.4 | |
| Canada | … | 0.9 | 0.0 | 0.0 | 0.1 | 0.1 | |
| China | 1.1 | 0.9 | 1.1 | 1.2 | 1.6 | 3.5 | |
| France | 0.6 | 1.1 | 0.5 | 0.2 | 0.2 | 0.3 | |
| Germany | 2.0 | 3.1 | 2.1 | 1.8 | 1.9 | 2.2 | |
| India | 0.2 | 0.4 | 0.4 | 0.9 | 0.5 | 0.7 | |
| Isreal | 0.2 | … | 0.5 | 0.0 | 0.0 | 0.1 | |
| Japan | 0.2 | … | 0.5 | 0.4 | 0.2 | 0.2 | |
| Netherlands | 0.4 | 0.3 | 0.2 | 0.2 | 0.5 | 0.3 | |
| New Zealand | … | … | 0.0 | 0.0 | 0.0 | 0.0 | |
| Russian Federation | … | … | 0.1 | 0.1 | 0.1 | 0.1 | |
| Singapore | … | 1.0 | 0.5 | 0.3 | 0.2 | 0.3 | |
| South Africa | 85.6 | 77.3 | 81.5 | 85.3 | 83.2 | 82.4 | |
| Spain | 0.9 | 1.2 | 1.4 | 0.7 | 1.4 | 0.7 | |
| Switzerland | 2.0 | 1.2 | 0.5 | 0.4 | 0.8 | 0.8 | |
| United Kingdom | 1.2 | 2.6 | 1.2 | 2.6 | 1.1 | 0.8 | |
| United States of America | 0.9 | 2.0 | 0.8 | 0.7 | 0.8 | 1.5 | |
| Zimbabwe | 0.4 | … | 1.3 | 0.8 | 0.8 | 0.7 | |
| Sub-total | 96.1 | 92.9 | 93.3 | 96.0 | 94.1 | 95.1 | |
| Other | 3.9 | 7.1 | 6.7 | 4.0 | 5.9 | 4.9 | |
| Total | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | |
Namibia: Imports (c.i.f) by Country of Origin, 2001–06
| 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | ||
|---|---|---|---|---|---|---|---|
| (In millions of Namibia dollars) | |||||||
| Belgium | 43.1 | 88.1 | 77.5 | 61.2 | 103.1 | 68.7 | |
| Canada | … | 121.4 | 5.6 | 5.9 | 9.7 | 23.9 | |
| China | 141.4 | 121.4 | 194.6 | 182.1 | 255.6 | 659.4 | |
| France | 71.2 | 150.3 | 93.7 | 29.8 | 33.3 | 62.5 | |
| Germany | 253.8 | 426.7 | 375.6 | 284.8 | 307.7 | 425.1 | |
| India | 29.1 | 48.6 | 74.2 | 137.4 | 83.3 | 139.6 | |
| Isreal | 24.0 | … | 91.5 | 4.7 | 7.8 | 16.6 | |
| Japan | 23.7 | … | 94.7 | 55.9 | 30.8 | 44.1 | |
| Netherlands | 49.9 | 46.9 | 43.8 | 33.0 | 80.6 | 56.2 | |
| New Zealand | … | … | 0.5 | 1.0 | 0.1 | 0.9 | |
| Russian Federation | … | … | 17.2 | 9.2 | 8.6 | 16.5 | |
| Singapore | … | 141.9 | 94.0 | 48.8 | 39.8 | 52.1 | |
| South Africa | 10,736.0 | 10,507.7 | 14,573.4 | 13,239.3 | 13,364.3 | 15,698.5 | |
| Spain | 108.4 | 169.4 | 258.5 | 102.1 | 227.6 | 135.1 | |
| Switzerland | 253.8 | 169.4 | 88.9 | 69.4 | 131.8 | 160.6 | |
| United Kingdom | 152.0 | 357.7 | 211.9 | 400.1 | 172.1 | 160.7 | |
| United States of America | 117.0 | 272.5 | 149.3 | 115.8 | 125.2 | 283.1 | |
| Zimbabwe | 46.0 | … | 235.1 | 120.9 | 130.6 | 126.4 | |
| Sub-total | 12,049.3 | 12,622.1 | 16,680.1 | 14,901.2 | 15,112.0 | 18,129.9 | |
| Other | 493.3 | 964.2 | 1,203.8 | 627.6 | 951.1 | 925.6 | |
| Total | 12,542.6 | 13,586.3 | 17,883.9 | 15,528.8 | 16,063.1 | 19,055.6 | |
| (In percent of total) | |||||||
| Belgium | 0.3 | 0.6 | 0.4 | 0.4 | 0.6 | 0.4 | |
| Canada | … | 0.9 | 0.0 | 0.0 | 0.1 | 0.1 | |
| China | 1.1 | 0.9 | 1.1 | 1.2 | 1.6 | 3.5 | |
| France | 0.6 | 1.1 | 0.5 | 0.2 | 0.2 | 0.3 | |
| Germany | 2.0 | 3.1 | 2.1 | 1.8 | 1.9 | 2.2 | |
| India | 0.2 | 0.4 | 0.4 | 0.9 | 0.5 | 0.7 | |
| Isreal | 0.2 | … | 0.5 | 0.0 | 0.0 | 0.1 | |
| Japan | 0.2 | … | 0.5 | 0.4 | 0.2 | 0.2 | |
| Netherlands | 0.4 | 0.3 | 0.2 | 0.2 | 0.5 | 0.3 | |
| New Zealand | … | … | 0.0 | 0.0 | 0.0 | 0.0 | |
| Russian Federation | … | … | 0.1 | 0.1 | 0.1 | 0.1 | |
| Singapore | … | 1.0 | 0.5 | 0.3 | 0.2 | 0.3 | |
| South Africa | 85.6 | 77.3 | 81.5 | 85.3 | 83.2 | 82.4 | |
| Spain | 0.9 | 1.2 | 1.4 | 0.7 | 1.4 | 0.7 | |
| Switzerland | 2.0 | 1.2 | 0.5 | 0.4 | 0.8 | 0.8 | |
| United Kingdom | 1.2 | 2.6 | 1.2 | 2.6 | 1.1 | 0.8 | |
| United States of America | 0.9 | 2.0 | 0.8 | 0.7 | 0.8 | 1.5 | |
| Zimbabwe | 0.4 | … | 1.3 | 0.8 | 0.8 | 0.7 | |
| Sub-total | 96.1 | 92.9 | 93.3 | 96.0 | 94.1 | 95.1 | |
| Other | 3.9 | 7.1 | 6.7 | 4.0 | 5.9 | 4.9 | |
| Total | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | |
Namibia: Exports by Country of Destination, 2001–06
Namibia: Exports by Country of Destination, 2001–06
| 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | ||
|---|---|---|---|---|---|---|---|
| (In millions of Namibia dollars) | |||||||
| Angola | 603.0 | 1,944.0 | 3,152.2 | 1,523.4 | 1,145.3 | 1,309.9 | |
| Australia | … | 53.0 | 60.9 | 35.0 | 58.2 | 51.6 | |
| Belgium | 64.0 | 78.5 | 58.8 | 48.9 | 57.4 | 83.1 | |
| Botswana | 53.3 | 63.6 | 107.5 | 78.8 | 75.4 | 103.1 | |
| Canada | … | 42.5 | 136.6 | 346.4 | 511.4 | 866.7 | |
| China | 54.7 | … | 107.2 | 205.1 | 288.5 | 332.5 | |
| Congo | 41.8 | 95.1 | 355.1 | 66.0 | 74.0 | 310.7 | |
| France | 201.7 | 842.4 | 161.3 | 1,561.6 | 94.6 | 275.7 | |
| Germany | 102.2 | 153.6 | 150.0 | 230.3 | 593.7 | 740.4 | |
| Ghana | … | 73.7 | 155.0 | 9.0 | 33.3 | 30.2 | |
| Iceland | … | 126.5 | 55.2 | 22.1 | 1.1 | 0.3 | |
| Italy | 204.6 | 243.1 | 309.6 | 266.0 | 395.4 | 1,654.1 | |
| Japan | 79.1 | 178.9 | 108.7 | 106.5 | 171.5 | 285.4 | |
| Netherlands | 157.5 | 179.7 | 160.5 | 139.3 | 219.0 | 249.5 | |
| Russian Federation | … | … | 56.4 | 11.0 | 15.4 | 26.0 | |
| South Africa | 2,471.7 | 3,396.8 | 3,202.8 | 4,055.5 | 4,864.3 | 5,668.5 | |
| Spain | 1,538.1 | 1,622.8 | 2,035.8 | 1,061.5 | 1,150.2 | 1,372.6 | |
| Switzerland | … | 40.7 | 38.8 | 35.4 | 47.1 | 162.8 | |
| United Kingdom | 4,103.4 | 3,281.7 | 2,641.9 | 3,407.3 | 3,274.3 | 5,877.7 | |
| United States of America | 346.0 | 421.2 | 655.9 | 1,258.8 | 1,454.5 | 555.2 | |
| Zimbabwe | 36.4 | … | 27.6 | 22.8 | 35.3 | 33.4 | |
| Sub-total | 10,057.5 | 12,837.9 | 13,737.8 | 14,490.7 | 14,559.9 | 19,989.4 | |
| Other | 391.7 | 522.0 | 601.0 | 1,226.8 | 1,388.6 | 2,976.4 | |
| Total | 10,449.2 | 13,359.9 | 14,338.8 | 15,717.5 | 15,948.5 | 22,965.8 | |
| (In percent of total) | |||||||
| Angola | 5.8 | 14.6 | 22.0 | 9.7 | 7.2 | 5.7 | |
| Australia | … | 0.4 | 0.4 | 0.2 | 0.4 | 0.2 | |
| Belgium | 0.6 | 0.6 | 0.4 | 0.3 | 0.4 | 0.4 | |
| Botswana | 0.5 | 0.5 | 0.7 | 0.5 | 0.5 | 0.4 | |
| Canada | … | 0.3 | 1.0 | 2.2 | 3.2 | 3.8 | |
| China | 0.5 | … | 0.7 | 1.3 | 1.8 | 1.4 | |
| Congo | 0.4 | 0.7 | 2.5 | 0.4 | 0.5 | 1.4 | |
| France | 1.9 | 6.3 | 1.1 | 9.9 | 0.6 | 1.2 | |
| Germany | 1.0 | 1.1 | 1.0 | 1.5 | 3.7 | 3.2 | |
| Ghana | … | 0.6 | 1.1 | 0.1 | 0.2 | 0.1 | |
| Iceland | … | 0.9 | 0.4 | 0.1 | 0.0 | 0.0 | |
| Italy | 2.0 | 1.8 | 2.2 | 1.7 | 2.5 | 7.2 | |
| Japan | 0.8 | 1.3 | 0.8 | 0.7 | 1.1 | 1.2 | |
| Netherlands | 1.5 | 1.3 | 1.1 | 0.9 | 1.4 | 1.1 | |
| Russian Federation | … | … | 0.4 | 0.1 | 0.1 | 0.1 | |
| South Africa | 23.7 | 25.4 | 22.3 | 25.8 | 30.5 | 24.7 | |
| Spain | 14.7 | 12.1 | 14.2 | 6.8 | 7.2 | 6.0 | |
| Switzerland | … | 0.3 | 0.3 | 0.2 | 0.3 | 0.7 | |
| United Kingdom | 39.3 | 24.6 | 18.4 | 21.7 | 20.5 | 25.6 | |
| United States of America | 3.3 | 3.2 | 4.6 | 8.0 | 9.1 | 2.4 | |
| Zimbabwe | 0.3 | … | 0.2 | 0.1 | 0.2 | 0.1 | |
| Sub-total | 96.3 | 96.1 | 95.8 | 92.2 | 91.3 | 87.0 | |
| Other | 3.7 | 3.9 | 4.2 | 7.8 | 8.7 | 13.0 | |
| Total | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | |
Namibia: Exports by Country of Destination, 2001–06
| 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | ||
|---|---|---|---|---|---|---|---|
| (In millions of Namibia dollars) | |||||||
| Angola | 603.0 | 1,944.0 | 3,152.2 | 1,523.4 | 1,145.3 | 1,309.9 | |
| Australia | … | 53.0 | 60.9 | 35.0 | 58.2 | 51.6 | |
| Belgium | 64.0 | 78.5 | 58.8 | 48.9 | 57.4 | 83.1 | |
| Botswana | 53.3 | 63.6 | 107.5 | 78.8 | 75.4 | 103.1 | |
| Canada | … | 42.5 | 136.6 | 346.4 | 511.4 | 866.7 | |
| China | 54.7 | … | 107.2 | 205.1 | 288.5 | 332.5 | |
| Congo | 41.8 | 95.1 | 355.1 | 66.0 | 74.0 | 310.7 | |
| France | 201.7 | 842.4 | 161.3 | 1,561.6 | 94.6 | 275.7 | |
| Germany | 102.2 | 153.6 | 150.0 | 230.3 | 593.7 | 740.4 | |
| Ghana | … | 73.7 | 155.0 | 9.0 | 33.3 | 30.2 | |
| Iceland | … | 126.5 | 55.2 | 22.1 | 1.1 | 0.3 | |
| Italy | 204.6 | 243.1 | 309.6 | 266.0 | 395.4 | 1,654.1 | |
| Japan | 79.1 | 178.9 | 108.7 | 106.5 | 171.5 | 285.4 | |
| Netherlands | 157.5 | 179.7 | 160.5 | 139.3 | 219.0 | 249.5 | |
| Russian Federation | … | … | 56.4 | 11.0 | 15.4 | 26.0 | |
| South Africa | 2,471.7 | 3,396.8 | 3,202.8 | 4,055.5 | 4,864.3 | 5,668.5 | |
| Spain | 1,538.1 | 1,622.8 | 2,035.8 | 1,061.5 | 1,150.2 | 1,372.6 | |
| Switzerland | … | 40.7 | 38.8 | 35.4 | 47.1 | 162.8 | |
| United Kingdom | 4,103.4 | 3,281.7 | 2,641.9 | 3,407.3 | 3,274.3 | 5,877.7 | |
| United States of America | 346.0 | 421.2 | 655.9 | 1,258.8 | 1,454.5 | 555.2 | |
| Zimbabwe | 36.4 | … | 27.6 | 22.8 | 35.3 | 33.4 | |
| Sub-total | 10,057.5 | 12,837.9 | 13,737.8 | 14,490.7 | 14,559.9 | 19,989.4 | |
| Other | 391.7 | 522.0 | 601.0 | 1,226.8 | 1,388.6 | 2,976.4 | |
| Total | 10,449.2 | 13,359.9 | 14,338.8 | 15,717.5 | 15,948.5 | 22,965.8 | |
| (In percent of total) | |||||||
| Angola | 5.8 | 14.6 | 22.0 | 9.7 | 7.2 | 5.7 | |
| Australia | … | 0.4 | 0.4 | 0.2 | 0.4 | 0.2 | |
| Belgium | 0.6 | 0.6 | 0.4 | 0.3 | 0.4 | 0.4 | |
| Botswana | 0.5 | 0.5 | 0.7 | 0.5 | 0.5 | 0.4 | |
| Canada | … | 0.3 | 1.0 | 2.2 | 3.2 | 3.8 | |
| China | 0.5 | … | 0.7 | 1.3 | 1.8 | 1.4 | |
| Congo | 0.4 | 0.7 | 2.5 | 0.4 | 0.5 | 1.4 | |
| France | 1.9 | 6.3 | 1.1 | 9.9 | 0.6 | 1.2 | |
| Germany | 1.0 | 1.1 | 1.0 | 1.5 | 3.7 | 3.2 | |
| Ghana | … | 0.6 | 1.1 | 0.1 | 0.2 | 0.1 | |
| Iceland | … | 0.9 | 0.4 | 0.1 | 0.0 | 0.0 | |
| Italy | 2.0 | 1.8 | 2.2 | 1.7 | 2.5 | 7.2 | |
| Japan | 0.8 | 1.3 | 0.8 | 0.7 | 1.1 | 1.2 | |
| Netherlands | 1.5 | 1.3 | 1.1 | 0.9 | 1.4 | 1.1 | |
| Russian Federation | … | … | 0.4 | 0.1 | 0.1 | 0.1 | |
| South Africa | 23.7 | 25.4 | 22.3 | 25.8 | 30.5 | 24.7 | |
| Spain | 14.7 | 12.1 | 14.2 | 6.8 | 7.2 | 6.0 | |
| Switzerland | … | 0.3 | 0.3 | 0.2 | 0.3 | 0.7 | |
| United Kingdom | 39.3 | 24.6 | 18.4 | 21.7 | 20.5 | 25.6 | |
| United States of America | 3.3 | 3.2 | 4.6 | 8.0 | 9.1 | 2.4 | |
| Zimbabwe | 0.3 | … | 0.2 | 0.1 | 0.2 | 0.1 | |
| Sub-total | 96.3 | 96.1 | 95.8 | 92.2 | 91.3 | 87.0 | |
| Other | 3.7 | 3.9 | 4.2 | 7.8 | 8.7 | 13.0 | |
| Total | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | |
Namibia: Developments in the Exchange Rate of the Namibia Dollar, 1998–07
(Period averages; 2000=100)
Namibia: Developments in the Exchange Rate of the Namibia Dollar, 1998–07
(Period averages; 2000=100)
| Effective Exchange Rate | Namibia dollar per foreign currency | ||||||
|---|---|---|---|---|---|---|---|
| Nominal | Real | Euro | U.S. Dollar |
Botswana Pula |
South African Rand |
||
| 1998 | 110.4 | 98.8 | 6.2 | 5.5 | 1.3 | 1.0 | |
| 1999 | 103.8 | 98.3 | 6.5 | 6.1 | 1.3 | 1.0 | |
| 2000 | 100.0 | 100.0 | 6.4 | 6.9 | 1.4 | 1.0 | |
| 2001 | 90.0 | 95.0 | 7.7 | 8.6 | 1.5 | 1.0 | |
| 2002 | 77.3 | 87.2 | 9.9 | 10.5 | 1.7 | 1.0 | |
| 2003 | 89.6 | 104.6 | 8.6 | 7.6 | 1.6 | 1.0 | |
| 2004 | 93.9 | 111.9 | 8.0 | 6.4 | 1.4 | 1.0 | |
| 2005 | 95.0 | 112.7 | 7.9 | 6.4 | 1.3 | 1.0 | |
| 2006 | 91.0 | 109.8 | 8.5 | 6.8 | 1.2 | 1.0 | |
| 2007 | |||||||
| January | 85.8 | 104.9 | 9.3 | 7.2 | 1.2 | 1.0 | |
| February | 85.7 | 104.8 | 9.4 | 7.2 | 1.2 | 1.0 | |
| March | 84.1 | 103.4 | 9.7 | 7.3 | 1.2 | 1.0 | |
| April | 85.2 | 104.8 | 9.6 | 7.1 | 1.2 | 1.0 | |
| May | 86.0 | 106.2 | 9.5 | 7.0 | 1.1 | 1.0 | |
| June | 84.9 | 104.8 | 9.6 | 7.2 | 1.1 | 1.0 | |
| July | 85.5 | 105.9 | 9.6 | 7.0 | 1.1 | 1.0 | |
| August | 83.7 | 104.1 | 9.8 | 7.2 | 1.2 | 1.0 | |
| September | 84.0 | 104.6 | 9.9 | 7.1 | 1.1 | 1.0 | |
| October | 86.0 | 107.1 | 9.6 | 6.8 | 1.1 | 1.0 | |
Namibia: Developments in the Exchange Rate of the Namibia Dollar, 1998–07
(Period averages; 2000=100)
| Effective Exchange Rate | Namibia dollar per foreign currency | ||||||
|---|---|---|---|---|---|---|---|
| Nominal | Real | Euro | U.S. Dollar |
Botswana Pula |
South African Rand |
||
| 1998 | 110.4 | 98.8 | 6.2 | 5.5 | 1.3 | 1.0 | |
| 1999 | 103.8 | 98.3 | 6.5 | 6.1 | 1.3 | 1.0 | |
| 2000 | 100.0 | 100.0 | 6.4 | 6.9 | 1.4 | 1.0 | |
| 2001 | 90.0 | 95.0 | 7.7 | 8.6 | 1.5 | 1.0 | |
| 2002 | 77.3 | 87.2 | 9.9 | 10.5 | 1.7 | 1.0 | |
| 2003 | 89.6 | 104.6 | 8.6 | 7.6 | 1.6 | 1.0 | |
| 2004 | 93.9 | 111.9 | 8.0 | 6.4 | 1.4 | 1.0 | |
| 2005 | 95.0 | 112.7 | 7.9 | 6.4 | 1.3 | 1.0 | |
| 2006 | 91.0 | 109.8 | 8.5 | 6.8 | 1.2 | 1.0 | |
| 2007 | |||||||
| January | 85.8 | 104.9 | 9.3 | 7.2 | 1.2 | 1.0 | |
| February | 85.7 | 104.8 | 9.4 | 7.2 | 1.2 | 1.0 | |
| March | 84.1 | 103.4 | 9.7 | 7.3 | 1.2 | 1.0 | |
| April | 85.2 | 104.8 | 9.6 | 7.1 | 1.2 | 1.0 | |
| May | 86.0 | 106.2 | 9.5 | 7.0 | 1.1 | 1.0 | |
| June | 84.9 | 104.8 | 9.6 | 7.2 | 1.1 | 1.0 | |
| July | 85.5 | 105.9 | 9.6 | 7.0 | 1.1 | 1.0 | |
| August | 83.7 | 104.1 | 9.8 | 7.2 | 1.2 | 1.0 | |
| September | 84.0 | 104.6 | 9.9 | 7.1 | 1.1 | 1.0 | |
| October | 86.0 | 107.1 | 9.6 | 6.8 | 1.1 | 1.0 | |
References
Avalos, Antonio and Andreas Savvides, “On the Determinants of the Wage Differential in Latin America and East Asia: Openness, Technology Transfer and Labor Supply,” LAEBA Working Paper No. 19, Inter-American Development Bank, October 2003.
Banerjee, Abhijit, Sebastian Galiani, Jin Levinsohn, and Ingrid Woolard, “Why Has Unemployment Risen in the New South Africa,” NBER Working Paper No. 13167, June 2007.
Fox, Louise and Melissa Sekkel, “Work in Progress: Job Creation and the Quality of Growth in Africa,” World Bank discussion paper, November 2006.
Marope, Mmantsetsa, “Namibia Human Capital and Knowledge Development for Economic Growth with Equity,” World Bank Africa Region Human Development Working Paper Series 84, February 2005.
Murphy, Kevin and Finis Welch, “Wage Differentials in the 1990s: Is the Glass Half-full or Half-empty?”, in The Causes and Consequences of Increasing Inequality, edited by Finis Welch, Chicago and London: University of Chicago Press, 2001, pp. 341-64.
Namibia Labor Force Survey 1997, 2000, 2004
Rodrik, Dani, “Understanding South Africa’s Economic Puzzles,” NBER Working Paper No. 12565, October 2006.
The Wage Bargaining Report 2004, 2005.
Prepared by Chuling Chen (AFR).
Broad definition. Data from Namibia Labour Force Survey 2000, 2004.
Employers will also be required under the new Labor Law to contribute to the benefits of workers on maternity leave, in contrast to the current regime, where payments are funded by the Social Security Commission.
