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Namibia is a higher-middle-income country with an annual GDP per capita of N$79,431 in 2022, but has extreme inequalities in income distribution and standard of living. [10] It has the second-highest Gini coefficient out of all nations, with a coefficient of 59.1 as of 2015. [11] Only South Africa has a higher Gini coefficient. [12]
Tourism in Namibia is a major industry, contributing N$7.2 billion ( equal to US$ 390 million ) to the country's gross domestic product. Annually, over one million travelers visit Namibia , with roughly one in three coming from South Africa , then Germany and finally the United Kingdom , Italy and France .
The second President of the Republic of Namibia, Dr Hifikepunye Pohamba and the Founding Father Dr. Sam Nujoma, inaugurated the School of Medicine in 2012. The school was registered with the NQA in 2012. In 2016 the first graduates were released from the university. A school of dentistry was established in 2018.
View of Navachab gold mine. Mining is the biggest contributor to Namibia's economy in terms of revenue. It accounts for 25% of the country's income. [1] Its contribution to the gross domestic product (10.4% in 2009, 8.5% in 2010, 9.5% in 2011, 12.3% in 2012, 13.2% in 2013, 11.6% in 2014) is also very important and makes it one of the largest economic sectors of the country. [2]
Agriculture in Namibia. Agriculture in Namibia contributes around 5% of the national Gross Domestic Product though 25% to 40% of Namibians depend on subsistence agriculture and herding. Primary products included livestock and meat products, crop farming and forestry. [1] Only 2% of Namibia's land receives sufficient rainfall to grow crops.
The Polytechnic of Namibia was de jure not a university as no provision was made in the Act by which it was created (Act 33 / 1994) [2] to carry this name. A motion for name change into Namibia's University of Science and Technology was rejected by cabinet in August 2010, [3] but approved by the same body in December 2012. The transition to ...
Namibia gained independence from South Africa on 21 March 1990, following the Namibian War of Independence. Its capital and largest city is Windhoek , and it is a member state of the United Nations (UN), the Southern African Development Community (SADC), the African Union (AU), and the Commonwealth of Nations .
Namibia's economy relative to uranium mining. Namibia is the fourth largest uranium producer in the world and produces a staggering 10% of the world's uranium. The mining industry make up a considerable portion of the Namibian economy, consisting of approximately 10% of its GDP and 50% of its total exports.