The economy of Namibia has a modern market sector, which produces most of the country's wealth, and a traditional subsistence sector.

Namibia's recent economic performance was stronger than expected. The economy grew by 4.2% in 2023, driven by the mining sector, including investments in oil ...

Namibia is a lower-middle-income economy with a per capita gross domestic product (GDP) that is significantly above average for countries in sub-Saharan Africa.

Namibia's economy is heavily dependent on the extraction and processing of minerals for export. Mining accounts for about 12.5% of GDP.

Namibia inherited an economy characterised by a narrow industrial base and heavy dependence on the production and export of primary commodities such as beef, ...

The economy of Namibia expanded 0.98% quarter-on-quarter in the second quarter of 2024, after a 2.11% contraction in the previous three-month period.

Namibia's economic freedom score is 57.5, making its economy the 96th freest in the 2024 Index of Economic Freedom. Its rating has decreased by 0.2 point ...

Mining, livestock rearing, fishing, metallurgy, and food processing have been mainstays of the economy, with construction growing rapidly in recent years.

The Namibian economy grew an estimated 4.2% in 2023, down from 5.3% in 2022, owing to weak global demand and contraction in agriculture.

After years of growth, Namibia's economy has been in ongoing recession since 2016. Factors include the sinking price of diamonds and other mineral exports.