n; the triangles are separated by a red
stripe that is contrasted by two narrow white-edge borders
Economy
Economy--overview: The economy is heavily dependent on the
extraction and processing of minerals for export. Mining accounts
for 20% of GDP. Namibia is the fourth-largest exporter of nonfuel
minerals in Africa and the world's fifth-largest producer of
uranium. Rich alluvial diamond deposits make Namibia a primary
source for gem-quality diamonds. Namibia also produces large
quantities of lead, zinc, tin, silver, and tungsten. Half of the
population depends on agriculture (largely subsistence agriculture)
for its livelihood. Namibia must import some of its food. Although
per capita GDP is three times the per capita GDP of Africa's poorer
countries, the majority of Namibia's people live in pronounced
poverty because of the great inequality of income distribution and
the large amounts going to foreigners. The Namibian economy has
close links to South Africa.
GDP: purchasing power parity--$6.6 billion (1998 est.)
GDP--real growth rate: 2% (1998 est.)
GDP--per capita: purchasing power parity?$4,100 (1998 est.)
GDP--composition by sector:
agriculture: 11%
industry: 34%
services: 55% (1997 est.)
Population below poverty line: NA%
Household income or consumption by percentage share:
lowest 10%: NA%
highest 10%: NA%
Inflation rate (consumer prices): 7% (1996 est.)
Labor force: 500,000
Labor force--by occupation: agriculture 49%, industry and commerce
25%, services 5%, government 18%, mining 3% (1994 est.)
Unemployment rate: 30% to 40%, including underemployment (1997
est.)
Budget:
revenues: $1.1 billion
expenditures: $1.2 billion, including capital expenditures of $193
million (FY96/97 est.)
Industries: meat packing, fish processing, dairy products; mining
(diamond, lead, zinc, tin, silver, tungsten, uranium, copper)
Industrial production growth rate: 10% (1994)
Electricity--production: 0 kWh (1996)
Electricity--production by source:
fossil fuel: NA%
hydro: NA%
nuclear: NA%
other: NA%
Electricity--consumption: 1.11 billion kWh (1996)
Electricity--exports: 0 kWh (1996)
Electricity--imports: 1.11 billion kWh (1996)
note: imports electricity from South Africa
Agriculture--products: millet, sorghum, peanuts; livestock; fish
Exports: $1.44 billion (f.o.b., 1998 est.)
Exports--commodities: diamonds, cop
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