This was mainly due to the decline in oil exports and deceleration of agriculture output. Namibia s economic performance is in large part determined by global demand for commodities, and therefore a global slowdown can have an adverse impact on the economy. Namibia statistics agency namibia social statistics 2010 2014 5 forward in its content namibia social statistics report is the most extensive and recent publication on social statistics in namibia that offers a broad picture of social processes in the country. A debt sustainability analysis prepared by the staff of the imf. In south africa wildlife land is so far secure, but demand for land outside these areas is extremely high. Namibia selected issues this selected issues paper on namibia was prepared by a staff team of the international.
Thus, according to table 2, we have nine key k industries with the numbers 2, 7, 9, 10, 12, 14, 15, 18, and 22. Given these characteristics of namibia rainfall climate, it. The resilient performance of our economy is also reflected in the trading volumes and share price performance on the namibian stock exchange. As one of the best performing economies in the world, namibias. Economic growth namibias gdp growth slowed significantly in 2016 with the weak growth rate. Relations with namibia raul fuentes milani introduction the signing of the namibian declaration of independence on 21 march 1990, bringing to life namibia as a sovereign democratic state, remains a high point in history and an inspiration for many peoples in the world, regardless of nationality.
Most data refers to 2019 indicates the most recent available. Nile crocodile ministry of environment and tourism namibia. Currently, the namibia vision 2030 is being implemented through a mediumterm document for national development, called ndp 4. This years coverage includes a record number of 148 economies, accounting for over 98 percent of global gdp. The gross domestic product gdp in namibia contracted 10. A digital version pdf of this report is available at.
December 2014 149 one might define the poor as those whose economic opportunities are severely limited by parental wealth, race, religion or other traits solon, 1999. Our work touches lives around the world every day often in invisible ways. Economic outlook april 2019 682 kb economic outlook update december 2018 1,1 mb economic outlook july 2018 1,2 mb. Although the majority of the population engages in subsistence agriculture and herding, namibia has more than 200,000 skilled workers and a considerable number of welltrained professionals and managerials. The role of smes in employment creation and economic. Printed by john meinert printing pty ltd in windhoek, namibia. The world health organization who is building a better future for people everywhere. An assessment of economic and commercial diplomacy in. Overview of inflation and economic growth in namibia 2. Section 3 of the act sets out the object of the authority as follows.
The elections were the first on the african continent to use electronic voting. The gross domestic product gdp in namibia was worth 12. Pdf the social and economic challenges of the namibian. Isbn 97899945796 fes working for social democracy 2014 final for dd 2 1122015 8. Bank of namibia act, 2020 act 1 of 2020 by laws issued under bank of namibia act. Nevertheless, experts criticise the dominating role of the executive and the governments restrictions on freedom of expression and assembly amnesty international 20 as well as the excessive force used against journalists reporters without borders 20. The annual real gdp growth rate during 200208 was strong, averaging 5. The interface of namibia s foreign relations and economic cooperation lesley blaauw introduction the end of the cold war posed a new challenge for both international relations theorists and foreign policy practitioners. Since the 1990s the country has had strong economic. The root causes of poverty national planning commission. The statistic shows gross domestic product gdp in namibia from 1995. The primary industry contributed an average of 20%. The role of mining in economic development in namibia post2008 global economic crisis walter augusto fernandes a research report submitted to the faculty of engineering and the built environment, university of the witwatersrand, johannesburg, in fulfilment of the requirements for the degree of master of science in engineering.
Namibia s economy over the past three decades, but growth has not been sufficiently inclusive. The namibian economy has recovered from the global economic crisis. Inflation and economic growth in namibia namibia achieved independence on the 21st march 1990. However, the public finances are in a dire state owing to high precoronavirus covid19 crisis levels of borrowing, with the severe financial and economic impact of the pandemic expected to limit namibia s economic recovery in 2021, despite a return to growth. In 2019, namibias gross domestic product amounted to around. International journal of education and research vol. The test which confronted them was how to establish a. The latter was especially relevant in relation to namibia s economic growth in 20, when a drought plagued the country. Prevention of counterfeiting of currency act, 1965. An electronic version pdf of the publication is available at na. Gdp per capita of smics of ssa on average increased by more than 5 times over the last 30 years compared to only 1. The bank of namibia expects real gdp to contract by 0. Drought conditions and management strategies in namibia.
Terms of reference for feasibility study of unemployment. Jan 27, 2020 namibia s economy is heavily dependent on the extraction and processing of minerals for export. Subject to this act and the road fund administration act, the object of the authority is to manage the national roads. Agriculture also plays an important role in namibia s economy, employing about 30% of the labour force, though its contribution to gdp is modest table 1. Health lays the foundation for vibrant and productive communities, stronger economies, safer nations and a better world. The elections were the first on the african continent to use electronic voting a total of nine candidates ran for the presidency, whilst 16 political parties contested the national assembly elections. The mining sectors contribution to gross domestic product gdp shrunk from about 47 percent in 1978 to 19. Namibia s national agenda for children 20122016 government of the republic of namibia 2011. Relative to ssa, namibia has a good core physical infrastructure, largely in terms of transport networks, electricity distribution lines, dams, and telecommunications. While no single measure can capture the complete situation, the global gender gap index presented in this report seeks to measure one important aspect of gender equality. Conversely they are considered a serious problem animal where they occur resulting in significant social and economic costs. The role of mining in economic development in namibia post. The social and economic challenges of the namibian children. However, socio economic inequalities inherited from the past apartheid system remain extremely high and structural constraints to growth have hampered job creation.
Republic of namibia ministry of education, arts and. Four challenges for namibias pm geingob global risk. General elections were held in namibia on 28 november 2014, although early voting took place in foreign polling stations and for seagoing personnel on 14 november. Botswana, cape verde, lesotho, mauritius, namibia, seychelles, and swaziland. Hileni shifotoka, junior advisor, gizpartnership for economic growth programme namibia leonard kamwi, head of advocacy and research, ncci namibia chamber of commerce and industry presented at the publicprivate dialogue 2014 workshop frankfurt, march 36 2014 1 background and context. Surely, the effect terms of trade on gdp growth on an economy is continuously debated. The study uses quarterly data for namibia covering the period of 2000. The indicator that is used to represent banking sector development is the ratio of credit extended to the private sector by the banks to gross domestic product gdp.
However, the report highlights a number of challenges that children. Global information technology report 2014 the world. The nonoil sector continued to be the main growth driver. This is mainly attributed to a considerable adjustment by 10. Mar 17, 2021 ncpi in may 2020, the annual inflation rate slowed to 2. The bank of namibia also revised its growth projection for 2019 to just 0. An assessment of economic and commercial diplomacy in micro. Gross domestic product gdp growth accelerated to 5. Namibia s president, hage geingob, will remain in power in 202125, as will the ruling quasisocialist swapo party. For this publication, the data cover the time period from 2010 to 2014. The social and economic challenges of the namibian. Real gdp growth is expected to moderate to 4 percent. Namibia economy, politics and gdp growth summary the.
Percentage shares of actual and budgeted total expenditure by vote in namibia, 2014 15201617. And inflation pressures are at doubledigits january 2014 annual inflation head. In 1990, during the economic redressing as a result of transition from apartheid to democracy, namibia inherited a dual economy with four related challenges. Economic influences on elephant management in southern africa1. Ncpi in may 2020, the annual inflation rate slowed to 2. It leads the list of countries by income inequality with a gini coefficient of 59. Project background considering the high unemployment rate in namibia, the continuing global economic meltdown which leads to layoffs and the general poverty situation in the country, ssc decided to explore the possibility of introducing an unemployment insurance ui scheme to shield those falling. I am immensely honoured to present the swapo partys manifesto for the 2014 presidential and national assembly elections. The global information technology report 2014 features the latest results of the nri, offering an overview of the current state of ict readiness in the world. President hage geingob was elected to a fiveyear term in 2014.
Jan 10, 2014 20, with the officials of namibia on economic developments and policies. Based on information available at the time of these discussions, the staff report was completed on january 10, 2014. The index measures the amount of human capital that a child born today can expect to attain by age 18, given the risks of poor health and poor. Mar 20, 2014 namibia also points to increasing land pressure for conversion of wildlife and elephant land.
Namibia is also highly variable in time, the interannual variability ranges from 30% in the relatively wetter northeaster parts to 100% in the south and western parts namibia meteorological service, 20, p2. The act provide for the development of the national statistics system and provide for its components and objectives. Nile crocodile populations have recovered since protective measures were implemented. Surely, the effect terms of trade on gdp growth on an economy is continuously debate. Vote of thanks for launch of the 2011 census basic report by ms. Global gender gap report 2014 reports world economic forum. Crucial capital projects were carried out in the area of airport service infrastructure over the last five years. Namibia is a sovereign state and obtained its independence on 21. The space economy at a glance 2014 the space sector plays an increasingly pivotal role in the functioning of modern societies and their economic development as the use of satellite technology gives rise to new applications, uses and markets. The economy of namibia has a modern market sector, which produces most of the countrys wealth, and a traditional subsistence sector. The manufacturing sectors contribution to gdp increased from 5. Key figures on macro economic data 2014 source world data bank latest reported data 715,500 population 2012 54.
Oecd ilibrary is the online library of the organisation for economic cooperation and development oecd featuring its books, papers and statistics and is the knowledge base of oecds analysis and data. Rich alluvial diamond deposits make namibia a primary source for gemquality diamonds. Economic values of elephant populations the question of what economic values elephants have has been little studied. Ii economic evaluation manual preface the roads authority of namibia is a statutory body established in terms of the roads authority act, act 17 of 1999. Namibia s crocodiles have considerable aesthetic and economic potential but are currently underutilised. Figure 3 shows trend of nominal gdp per capita of sadc region for the period 20072016. American international journal of social science vol. Their end use has the greatest impact on the output of the whole economy, and the. In 2015, the travel and tourism demand represented a 9. Pdf this study discusses factors which lead to changes in terms of trade and how terms of trade have an. This was with a view to give the domestic economy room to gain momentum for growth. This manifesto, like others in the past, is designed to serves as a social contract between the party and the namibian people.
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