Country risk report · Africa
Namibia
Political RiskLow
Operational RiskMedium
Security RiskLow
Summary
Namibia, located in southern Africa, is renowned for its breathtaking landscapes, including the Namib Desert, one of the world’s oldest deserts, and the Etosha National Park, a significant wildlife reserve. The country shares borders with Angola and Zambia to the north, Botswana to the east, South Africa to the south, and the Atlantic Ocean to the west. Despite being geographically vast, Namibia has a population of approximately 2.7 million (2024 estimate), making it one of the least densely populated countries globally. This sparse population distribution results in challenges related to infrastructure development and service delivery.
Windhoek, the capital city, is the economic, political, and cultural hub of Namibia. The country’s economy is heavily reliant on mining, which contributes about 10% of GDP and accounts for over 50% of export earnings. Namibia is a major global producer of uranium and diamonds, with other key mineral exports including zinc, gold, and copper. In addition to mining, agriculture (focused on livestock and fisheries) and tourism are significant contributors to the economy. Tourism capitalizes on Namibia’s natural beauty, drawing visitors to its deserts, national parks, and cultural heritage sites.
Despite being classified as an upper-middle-income country, Namibia faces several economic challenges, including high unemployment rates (estimated at 33%), significant income inequality, and overreliance on commodity exports. These issues have spurred government efforts to diversify the economy, focusing on renewable energy, value-added manufacturing, and technology sectors. Namibia is a member of the Southern African Development Community (SADC) and the Southern African Customs Union (SACU), benefiting from regional trade and economic integration.
- Capital
- Windhoek
- Population
- 2.7 million (2024 estimate)
- Official Language
- English (widely spoken alongside Afrikaans, Oshiwambo, and other indigenous languages)
- Currency
- Namibian Dollar (NAD), pegged to the South African Rand
- Key Industries
- Mining (diamonds, uranium, zinc), agriculture (livestock, fisheries), tourism, renewable energy, manufacturing
- GDP
- $13 billion (2023 estimate)
- GDP Growth
- 2.7% (2023 estimate)
Table of contents
- Namibia | Overview
- Political Risk Summary
- Political Stability
- Regulatory Risk
- Contract Enforcement
- Integrity and Corruption
- Sovereign Risk
- Operational Risk Summary
- Institutional Risk
- Infrastructure Risk
- Labour Risk
- Security Risk Summary
- Crime Risk
- Terrorism Risk
- War Risk
- Civil Unrest
- Kidnap Risk
Risk levels in the report
From the report’s summary page. The full report explains each level and lists the key concerns behind it.
- Very Low
- Low
- Medium
- High
- Very High
| Category | Risk level |
|---|---|
| Political Risk | Low |
| Political Stability | Low |
| Regulatory Risk | Low |
| Contract Enforcement | Medium |
| Integrity and Corruption | Medium |
| Sovereign Risk | Medium |
| Operational Risk | Medium |
| Institutional Risk | Medium |
| Infrastructure Risk | Medium |
| Labour Risk | Low |
| Security Risk | Low |
| Crime | Low |
| Terrorism | Very Low |
| War Risk | Very Low |
| Civil Unrest | Low |
| Kidnap Risk | Very Low |
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