Economy
Nominal GDP
USD 13.7 billion
GDP per capita
USD 4,473
2021–2025 average
Currency
- Name
- Namibian dollar
Намибийский доллар - ISO code
- NAD
- Rate against the US dollar
- USD 1 = 16.44 NAD
- Rate against the rouble
- 1 NAD = 5.0830 RUB
- Rate type
- Cross rate via the Bank of Russia USD/RUB rate
- Currency zone
- Common currency area (rand)
- Note
- 1:1 peg to the South African rand
Exchange rate as of 1 October 2026
Economic structure
GDP structure: 2021–2025 average Source: Based on World Bank data. Period: 2021–2025 average
- Agriculture 8.0%
- Industry 28.1%
- Services 55.1%
Industries and programmes
- Key industries
- Diamond, uranium and gold mining; fishing; tourism; prospective offshore oil production.
- Government programmes
- Sixth National Development Plan (NDP6), presented in July 2025
- Vision 2030
- Green hydrogen strategy
International trade
Exports of goods, 2021–2025
USD billion Source: World Bank / WTO, merchandise exports (TX.VAL.MRCH.CD.WT). Period: 2021–2025
Table
| Year | USD billion | index, 2021 = 100 |
|---|---|---|
| 2021 | 4.42 | 100.0 |
| 2022 | 5.83 | 131.9 |
| 2023 | 5.53 | 125.1 |
| 2024 | 6.54 | 148.0 |
| 2025 | 7.02 | 158.8 |
- Imports of goods
- USD 7.73 billion 2021–2025 averageSource: ITC. Period: 2021–2025 average
- Exports of goods and services
- USD 6.74 billion 2025Source: World Bank, national accounts. Period: 2025
- Change in exports of goods, 2021–2025
- +58.8%
- Average annual rate of change in exports of goods, 2021–2025
- +12.3%
Export specialisation
Main export products
share of exports of goods, %, 2024 Source: UN Comtrade, 2024; share of total merchandise exports, HS chapters (2 digits). Period: 2024
Main export destinations
share of exports of goods, %, 2024 Source: UN Comtrade, 2024; share of total merchandise exports, HS chapters (2 digits). Period: 2024
Investment areas
- Uranium and nuclear energy
- Offshore oil production
- Green hydrogen
- Fish processing
- Tourism
Agreements with Russia
Investment protection
Agreement on the Promotion and Reciprocal Protection of Investments: signed 25 June 2009; not yet in force
Signed, not in force
Double taxation
Agreement (Convention) on the avoidance of double taxation: signed 31 March 1998; in force since 23 June 2000
In force
Visa requirements
For Russian citizens holding ordinary passports: visa-free, up to 90 days within 180 days — agreement dated 14 April 2021
Visa-free
Peaceful nuclear energy
No information
Other agreements
- Agreement on the Mutual Waiver of Visa Requirements (14 April 2021): visa-free entry for up to 90 days within 180 days.
- Agreement on Cooperation in Fisheries (20 May 2010).
Incentives
- Main regimes and incentives
Investment Promotion Act 2016 (with subsequent amendments): incentives for manufacturing and exporters; special economic zone regimes.
- Type of measure
- Investment agency
- NIPDB — Namibia Investment Promotion and Development Board
