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Country information

The Republic of Namibia is a vast, sparsely populated country situated along the south Atlantic coast of Africa between 17 and 29 degrees south of the Equator.

With its surface area of 824,292 km², it stretches for about 1 300 km from south to north and varies from 480 to 930 km in width from west to east.

Capital: Windhoek

Geographical size: 824,292 km²

Population: 2.280 716 (2015)

GDP: 12.99 billion US dollars (2014)

Official language(s): Oshiwambo,Nama, Damara, Afrikaans, Kavango, Otjiherero, Lozi

Political system: Republic

EU member state since: 22 March 1990

Currency: NAD/South African Rand

According to the last census of Namibia Statistic Agency in 2015 the population was 2.280 716.Many are Christian 80% to 90% (at least 50% Lutheran), indigenous beliefs 10% to 20%. The ethnic population consists of the Ovambo, Kavangos, Herero, Damara, Nama, Caprivian and Bushmen.

Namibia has been a member of the EU since the first day after the country’s Independence.

Since independence, the Namibian Government has pursued free-market economic principles designed to promote commercial development and job creation to bring disadvantaged Namibians into the economic mainstream. To facilitate this goal, the government has actively courted donor assistance and foreign investment.

Political stability and prudent fiscal management have helped anchor Namibia’s high growth rates and poverty reduction efforts. With strong ties to South Africa, the region’s second biggest economy, Namibia has stronger competitiveness and investment attraction than average sub-Saharan countries.

Namibia has made progress reducing geographical income disparities despite its largely arid climate, extremely low population density and a dual economy where a highly productive capital intensive mining sector operates alongside an agriculture sector that is of low productivity but a major employer. Thanks to the government’s Vision 2030 and national development plans, Namibia has seen a 40% reduction in poverty between 1993/94 and 2009/10 with the biggest improvement in rural areas.

The new Government of the Republic of Namibia (GRN) set about to create one unified structure for education administration. Currently, Namibia allocates more than 20% of its national budget to education. This represents six to seven percent of Namibia's total GDP and is one of the three countries with the highest percentage of GDP directed toward education in the world. Educational institutions in Namibia and their portfolio are accredited by the Namibia Qualifications Authority (NQA). This institution evaluates and accredits national institutions and degrees, as well as foreign qualifications of people who wish to demonstrate the national equivalence of their degrees earned abroad.

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Price 8.98

Change +0.01

Volume 318,142

% Change +0.11%

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09/25/2020 02:48 PM ET Pricing delayed 20 minutes
: 1,865.81 ?-3.01


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