Namibia Vision 2030 - Ministry of Environment and Tourism

3.4.2 Macro-economic environment
Namibia’s economy is an open, dynamic, competitive and diversified, providing the
basis for availing resources for the fulfilment of major national objectives like poverty-reduction,
human resource development, employment creation, sustained economic
growth, and the provision of adequate social services and infrastructural facilities
(transport and communications network, electricity, housing, water). It is a
dynamic economy in which sectoral linkages and multiplier effects in employmentgeneration,
and agro-industry growth are strong and efficient. The inflation rate is
stable and at a level which promotes economic stability. A positive, favourable balance
of trade is achieved and maintained.
3.4.3 Employment
The unemployment rate is at a minimum, close to a condition of full employment.
Incomes are fairly evenly distributed among all classes of workers, sufficient for
each earner to respond adequately to the ordinary demands of the family for food,
clothing, housing, education, health-care and general maintenance.
Macro-economic Indicators 2001- 2006- 2011- 2016- 2021- 2026- 2001-
2005 2010 2015 2020 2025 2030 2030
Population growth# 2.6 2.1 1.8 1.6 1.9 2.1 2.0
Real GDP 3.5 3.7 4.5 6.3 7.3 9.4 5.8
Real GDP per capita 1.8 2.2 3.2 4.4 5.2 7.3 4.0
Real Fixed formation growth 5 6.2 7.7 9.9 12.7 15 9.4
Real Consumption growth 1.3 2.6 3.1 6.3 8 7.5 4.8
Inflation 9.0 7.7 7.8 6.1 4.5 4.5 6.6
Gini Coefficient 0.69 0.63 0.55 0.47 0.39 0.30 0.50
Employment 2.7 3.2 3.4 3.7 3.7 3.7 3.4
Trade Balance (%GDP) -0.9 -0.3 -4 -5.9 -5.9 -5.0 -3.6
Budget Deficit (%GDP) -3.2 -3.7 2.4 -1.0 -0.3 0.0 -0.7
Table 3.4.1: NAMIBIA - SELECTED MACRO-ECONOMIC INDICATORS, 1990 - 2030
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