Full meaning
African Union
Community of Sahel–Saharan States
Common Market for Eastern and Southern Africa
Economic Community of West African States
Foreign direct investment
Gross domestic product
Inclining block tariff(s)
International Monetary Fund
Independent power producer
Kilowatt
Kilowatt hour
Liquid petroleum gas
Megawatt
Pay as you go
Power purchase agreement
Private public partnership
Standard and Poors Global Ratings
Sub-Saharan Africa
Transmission and distribution
Time of use
West African Economic and Monetary Union
United Nations Industrial Development Organization
Value added tax
World Bank Regulatory Indicators for Sustainable Energy
General government debt-to-GDP ratio measures the gross debt of the general government as a percentage of GDP. Debt is calculated as the sum of the following liability categories (as applicable): currency and deposits; debt securities, loans; insurance, pensions and standardised guarantee schemes, and other accounts payable.
This percentage is calculated from the number of mobile cellular subscriptions per 100 adults. Occasionally a single user will have more than one mobile subscription and so it is possible for this value to exceed 100%.
190 countries ranked
This includes all renewable energy sources (solar, wind, small hydro, geothermal and biomass and waste), and excludes large hydro (above 50 MW) and nuclear.
Disclosed share of foreign investment in the clean energy sector (of both local and foreign investment in clean energy, this tells us the amount of foreign investment in clean energy). This includes all renewable energy sources (solar, wind, small hydro, geothermal and biomass and waste), and excludes large hydro (above 50 MW) and nuclear.
As per the SACU Tariff Book
As per the SACU Tariff Book
As per the VAT Act 10 of 2000 and amendments from 2000, 2002, 2004, 2007, 2008, 2010, 2011 and 2015
As per the VAT Act 10 of 2000 and amendments from 2000, 2002, 2004, 2007, 2008, 2010, 2011 and 2015
As per the VAT Act 10 of 2000 and amendments from 2000, 2002, 2004, 2007, 2008, 2010, 2011 and 2015
The median time (the value for 50 percent of shipments) from port of discharge to arrival at the consignee. Refers to all types of entry ports. Unit is days. Year is 2018, unless specified otherwise.
The real economic growth, or real GDP growth rate, measures economic growth as it relates to the GDP from one period to another, adjusted for inflation, and expressed in real terms as opposed to nominal terms. The real economic growth rate considers inflation in its measurement of economic growth, unlike the nominal GDP growth rate, which does not.
167 countries ranked. Scores are averaged across 2012, 2014, 2016 and 2018 with the last year weighing most of the score. See "Source" below for more details.
The components analysed in the International LPI include:
• The efficiency of customs and border management clearance;
• The quality of transport infrastructure;
• The ease of arranging shipments;
• The quality of logistics services;
• The ability of tracking and tracing;
• The frequency with which shipments reach consignees within expected delivery times.
The components analysed in the International LPI include:
• The efficiency of customs and border management clearance;
• The quality of transport infrastructure;
• The ease of arranging shipments;
• The quality of logistics services;
• The ability of tracking and tracing;
• The frequency with which shipments reach consignees within expected delivery times.
Overview
Namibia
Overview
Namibia’s economy fell deeper into negative territory, recording a -1.4% change in gross domestic product (GDP) in 2019 after three years of near-zero growth. As a consequence, per capita GDP contracted about 3% over the last two years. With a population of less than 2.5 million people, this translates to about €5234 per person which is among the highest on the continent. In the period between 2015 and 2019, the country’s national debt increased by nearly 10% to 49.2% of GDP and Moody’s downgraded its investment rating twice.
The rate of inflation has steadily fallen from above 6% in 2016 and 2017 to 4.3% in 2018 and 3.7% in 2019. The Namibian dollar (N$) is pegged on a one to one basis with the South African Rand, which means it is prone to many of the same currency value fluctuations. Exchange rates have been relatively volatile in the period since 2015. The local currency recorded several double digit moves across quarters while varying in value between N$11 and N$16 to the US dollar. Similar volatility and price fluctuations are observed against the euro.
Foreign investment into the country has receded substantially since 2015 while clean energy investment increased. From a high in 2015 of almost 7% of GDP, or €740 million, volumes of foreign investment fell to less than half during the following year. In 2018, foreign direct investment (FDI) amounted to just under €170 million accounting for 1.37% of GDP. Clean energy investment grew from around €8 million to €70 million over the same 4-year period. The country’s designated investment authority is the Namibia Investment Centre, a department within the Ministry of Trade and Industry mandated to enable and support FDI.
Namibia offers favourable import incentives on renewable energy technologies, exempting solar panels, wind turbines and batteries from import duties. The country’s standard VAT rate of 15% remains applicable to all these technologies.
The rate of inflation has steadily fallen from above 6% in 2016 and 2017 to 4.3% in 2018 and 3.7% in 2019. The Namibian dollar (N$) is pegged on a one to one basis with the South African Rand, which means it is prone to many of the same currency value fluctuations. Exchange rates have been relatively volatile in the period since 2015. The local currency recorded several double digit moves across quarters while varying in value between N$11 and N$16 to the US dollar. Similar volatility and price fluctuations are observed against the euro.
Foreign investment into the country has receded substantially since 2015 while clean energy investment increased. From a high in 2015 of almost 7% of GDP, or €740 million, volumes of foreign investment fell to less than half during the following year. In 2018, foreign direct investment (FDI) amounted to just under €170 million accounting for 1.37% of GDP. Clean energy investment grew from around €8 million to €70 million over the same 4-year period. The country’s designated investment authority is the Namibia Investment Centre, a department within the Ministry of Trade and Industry mandated to enable and support FDI.
Namibia offers favourable import incentives on renewable energy technologies, exempting solar panels, wind turbines and batteries from import duties. The country’s standard VAT rate of 15% remains applicable to all these technologies.
Regional affiliation
AU, SADC
Official language(s)
English
National currency
Namibian dollar
Presence of port
Yes
Ports of Luderitz and Walvis Bay
Ports of Luderitz and Walvis Bay
Next planned election and cycle length
2024 (5 year cycle)
All three connectivity indicators
% penetration of mobile cellular subscriptions
% penetration of mobile money
% population with access to internet
Import Duties and Value-Added Tax
Import Duties
Solar panels
Wind turbines
Batteries (for renewable energy storage)
VAT
Solar Panels
Wind turbines
Batteries (for renewable energy storage)