CFI Data on Namibia
We offer a data-driven country report for Namibia that explores inter alia population, international trading relationships, energy consumption, GDP growth, current account balances, and R&D investment. Additionally, CFI quotes from the Big Mac Index (courtesy of The Economist) which gives a rough idea of purchasing power parity. Other authoritative sources include The United Nations Conference on Trade and Development, The World Bank, and The International Money Fund. Visit us regularly for updates and new sources of key economic information on Namibia.
Trade agreement information for Namibia
Does Namibia belong to any economic unions or free trade areas?
Member of the African Continental Free Trade Area (AfCFTA) since 01/04/2019
Other members:
Benin, Burkina Faso, Cameroon, Chad, Congo, Côte d'Ivoire, Djibouti, Egypt, Equatorial Guinea, Eswatini, Ethiopia, Gabon, Gambia, Ghana, Guinea, Kenya, Mali, Mauritania, Niger, Nigeria, Rwanda, Sao Tome and Principe, Senegal, Sierra Leone, South Africa, Togo, Uganda, Western Sahara, Zimbabwe
Member of the Southern African Customs Union (SACU) since 01/01/1910
Other members:
Botswana, Eswatini, Lesotho, South Africa
Which trade deals does Namibia have through its membership of the SACU?
SACU - EFTA free trade agreement (from 01/07/2006)
MERCOSUR - SACU partial scope agreement (from 01/04/2016)
UK - SACU+M trade agreement (from 01/01/2021)
What bilateral trade deals are there between Namibia and other countries and economic unions?
Southern African Development Community (from 01/09/2000)
EU - Namibia (SADC) Economic Partnership Agreement (from 05/02/2018)
Implementation dates might vary according to the date of the United Kindom's exit from the European UnionTrade between Namibia and the United Kingdom
Source: UK Office for National Statistics, October 2019.
Contains public sector information licensed under the Open Government Licence v3.0.
Its population in 2018 was 2,587,801 [1]
In 2015, 26.47% of its total energy
consumption was renewable [2]
In 2018, its GDP fell by 0.07% [2]
In 2018 it had a negative Current
Account Balance of US$bn0.85 [3]
Its Expenditure on R&D (as a percentage of
GDP) in 2014 was 0.34% [2]
Data sources