HistoryCentral · Nation by Nation
HistoryCentral Est. 1996
Flag of Namibia
flag — Namibia
Nation by Nation

Namibia

Economy

$13.4 billion
GDP
World Bank · 2024
$4,413
GDP / Capita
World Bank · 2024
+3.7%
GDP Growth
World Bank · 2024
19.2%
Unemployment
World Bank · 2024

Namibia is an upper-middle-income but highly unequal economy in southwestern Africa, dependent on mining its rich mineral resources, with one of the world's most sparsely populated and arid territories.

Diamonds, uranium, and other minerals drive exports, and Namibia is developing offshore oil and green-hydrogen projects, though unemployment and inequality, legacies of apartheid-era rule, remain severe.

Key Sectors

The economy is led by mining — diamonds, uranium (Namibia is a top global producer), gold, and zinc — alongside fishing in its rich Atlantic waters, tourism, and cattle ranching.

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