As
per International Monetary Fund (IMF) Namibia’s nominal gross domestic product
is expected to grow at a CAGR of 9.53% from it’s 2015 level of NAD 146.619
billion and reach NAD 277.355 billion by 2022.
Namibia,
located on the western coast of Southern Africa, is bordered by Angola to the
north, Botswana to the east, South Africa to the south, and the Atlantic Ocean
to the west. Namibia gained its independence on 1 March 1990. Namibia's capital
is Windhoek. English is the official language of Namibia, and the currency is
the Namibian dollar (NAD).
Namibia
had estimated population of 2.281 million in the year 2016 and expected to
reach 2.417 million by 2022, registering an average growth rate of 0.83%.
Namibias
real gross domestic product (GDP) was around NAD 52.687 billions in 2016
whereas the nominal GDP was NAD 156.639 billions. This resulted in GDP deflator
297.301. Per capita GDP was estimated at USD 4629.53 whereas purchasing power
parity (PPP) based per capita GDP was estimated to be at USD 11289.73.
In
2016, Namibia governments revenue was NAD 50.575 billions whereas the
expenditure was NAD 63.136 billions. This resulted Namibia governments net
lending / borrowing negative at NAD 12.561 billion in 2016 indicating that
enough financial resources were not made available by the government to boost
economic growth.
The
current account balance for Namibia was estimated to be negative at USD 1.189 billions
for the year 2016 and is expected to decline at a CAGR of 7.41% and reach USD
0.852 by 2022. This negative current account balance indicates that the Namibia
is a net borrower from the whole world.
Scope of the Namibia PESTEL Analysis, SWOT Analysis and Risk
Analysis Market Research Reports
- These reports provide information about key macroeconomic indicators for Namibia.
- These reports provide PESTELE (political, economic, social, technological, environmental and legal) analysis for Namibia.
- These reports provide SWOT (strengths, weaknesses, opportunities and threats) analysis for Namibia.
- These reports provide risk analysis for Namibia.
For
more information and to purchase Namibia
PESTEL Analysis Market Research Report please visit: https://www.marketresearchreports.com/market-research-reports-inc/namibia-pestel-analysis-market-research-report
For
more information and to purchase Namibia
SWOT Analysis Market Research Report please visit: https://www.marketresearchreports.com/market-research-reports-inc/namibia-swot-analysis-market-research-report
For
more information and to purchase Namibia
Risk Analysis Market Research Report please visit: https://www.marketresearchreports.com/market-research-reports-inc/namibia-risk-analysis-market-research-report
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