Editing Economy of Namibia (section)

{{Short description|none}}
{{EngvarB|date=September 2015}}
{{Use dmy dates|date=September 2015}}
{{Infobox economy
| country = Namibia
| image = Christ Church in Windhoek, Namibia.jpg
| image_size = 310px
| caption = [[Windhoek]], the capital and economic centre of Namibia
| currency = {{plainlist|
*[[Namibian dollar]] (NAD)
*[[South African rand]] (ZAR)}}
| fixed exchange = 1 NAD = 1 ZAR
| year = 1 April – 31 March
| organs = [[African Union|AU]], [[African Continental Free Trade Agreement|AfCFTA]], [[World Trade Organization|WTO]], [[Southern African Development Community|SADC]], [[Southern African Customs Union|SACU]]
| group = {{plainlist|
*[[Developing country|Developing/Emerging]]<ref>{{cite web |url=https://www.imf.org/external/pubs/ft/weo/2019/01/weodata/weoselco.aspx?g=2200&sg=All+countries+%2f+Emerging+market+and+developing+economies |title=World Economic Outlook Database, April 2019 |publisher=[[International Monetary Fund]] |website=IMF.org |access-date=29 September 2019}}</ref>
*Upper-middle income economy<ref>{{cite web |url=https://datahelpdesk.worldbank.org/knowledgebase/articles/906519-world-bank-country-and-lending-groups |title=World Bank Country and Lending Groups |publisher=[[World Bank]] |website=datahelpdesk.worldbank.org |access-date=29 September 2019}}</ref>}}
| population = {{increase}} 3,022,401 (2023)<ref>{{cite web |url=https://cirrus.com.na/dataportal/locations=NA&name_desc=true |title=Population, total |publisher=[[Cirrus Data]] |access-date=9 November 2023}}</ref>
| gdp = {{plainlist|
*{{increase}} N$227,8 billion, +10.8% (nominal, 2023)<ref name="Cirrus Data">{{cite web |url=https://cirrus.com.na/dataportal/ |title=Cirrus Data, October 2023 |publisher=[[Cirrus Data]] |access-date=9 November 2023}}</ref>
*{{increase}} N$151,4 billion, +4.2% (real [constant 2015 prices], 2023)<ref name="Cirrus Data" />}}
| per capita = {{plainlist|
*{{increase}} N$75,381 (nominal, 2023)<ref name="Cirrus Data" />}}
| sectors = {{plainlist|
*[[Primary sector of the economy|Primary sector]]: 20.2%
*[[Secondary sector of the economy|Secondary sector]]: 17.8%
*[[Tertiary sector of the economy|Tertiary sector]]: 54.2% 
*(2023, excludes taxes on products)<ref name="Cirrus Data" />}}
| inflation = 5.9% (2023 Average Annual Inflation Rate)<ref name="Cirrus Data" />
| gini = 59.1 {{color|red|high}} (2015, [[World Bank]])<ref>{{cite web |url=https://data.worldbank.org/indicator/SI.POV.GINI?locations=NA |title=GINI index (World Bank estimate) |publisher=[[World Bank]] |website=data.worldbank.org |access-date=28 March 2019}}</ref>
| hdi = {{plainlist|
*{{decrease}} 0.610 {{color|darkorange|medium}} (2021)<ref>{{cite web |url=http://hdr.undp.org/en/indicators/137506 |title=Human Development Index (HDI) |publisher=[[Human Development Report|HDRO (Human Development Report Office)]] [[United Nations Development Programme]] |website=hdr.undp.org |access-date=23 November 2022}}</ref> ([[List of countries by Human Development Index|139th]])
*{{decrease}} 0.399 {{color|red|low}} [[List of countries by inequality-adjusted HDI|IHDI]] (2021)<ref>{{cite web |url=http://hdr.undp.org/en/content/table-3-inequality-adjusted-human-development-index-ihdi |title=Inequality-adjusted Human Development Index (IHDI) |publisher=[[Human Development Report|HDRO (Human Development Report Office)]] [[United Nations Development Programme]] |website=hdr.undp.org |access-date=23 November 2022}}</ref>}}
| labour = {{plainlist|
*{{increase}} 1.09 million (2018)<ref>{{cite web |url=https://cirrus.com.na/dataportal/locations=NA&name_desc=true |title=Labour force, total |publisher=[[Cirrus Data]] |access-date=9 November 2023}}</ref>*}}
| unemployment = {{decreasePositive}} 33.4% (2018)<ref name="Cirrus Data" />
| industries = meatpacking, [[fish processing]], dairy products, pasta, beverages; mining (diamonds, lead, zinc, tin, silver, tungsten, uranium, copper)
| edbr = {{increase}} [[Ease of doing business#Ranking|104th (medium, 2020)]]<ref>{{cite web|url=http://www.doingbusiness.org/data/exploreeconomies/namibia |title=Ease of Doing Business in Namibia |publisher=Doingbusiness.org |access-date=24 November 2017}}</ref>
| exports = {{increase}} N$97.4 billion (2022)<ref name="Cirrus Data" />
| export-goods = diamonds, copper, gold, zinc, lead, uranium; cattle, white fish and mollusks
| export-partners = Sep 2023 Exports
{{plainlist|
*{{flag|South Africa}} 20.6%
*{{flag|Botswana}} 19.2%
*{{flag|China}} 9.8%
*{{flag|Zambia}} 8.1%
*{{flag|United Arab Emirates}} 6.7%
*{{flag|Canada}} 5.3% 
*<ref name="Cirrus Data" />}}
| imports = {{increase}} N$129.0 billion (2022)<ref name="Cirrus Data" />
| import-goods = petroleum oils; chemicals, vehicles, civil engineering & contractors equipment
| import-partners = Sep 2023 Imports
{{plainlist|
*{{flag|South Africa}} 40.2%<ref name="Cirrus Data" />
*{{flag|United Arab Emirates}} 12.3%<ref name="Cirrus Data" />
*{{flag|China}} 7.8%<ref name="Cirrus Data" />
*{{flag|India}} 7.6%<ref name="Cirrus Data" />
*{{flag|United States}} 4.1%<ref name="Cirrus Data" />}}
| current account = {{increase}} −N$2.498 billion (Jun 2023)<ref name="Cirrus Data" />
| FDI = {{plainlist|
*{{increase}} N$147,520 billion inflow stock as at Jun 2023<ref name="Cirrus Data" />}}
| debt = {{decreasePositive}} 62.5% of GDP (2023/24)<ref name="Cirrus Data" />
| revenue = {{increase}} N$81.069 billion (2023/24)<ref name="Cirrus Data" />
| expenses = {{increaseNegative}} N$76.960 billion (2022/23)<ref name="Cirrus Data" />
| reserves = {{increase}} N$53.752 billion (30 September 2023)<ref name="Cirrus Data" />
| cianame = namibia
}}
The '''economy of Namibia''' has a modern market sector, which produces most of the country's wealth, and a traditional subsistence sector.  Although the majority of the population engages in subsistence agriculture and herding, [[Namibia]] has more than 200,000 [[skilled worker]]s and a considerable number of well-trained professionals and managerials.<ref name=USDoS/>