Chart and table of Namibia population from 1950 to 2025. United Nations projections are also included through the year 2100.

The total population in Namibia was forecast to continuously increase between 2024 and 2029 by in total 0.3 million people (+10.03 percent). After the tenth consecutive increasing year, the total population is estimated to reach 3.28 million people and therefore a new peak in 2029. Notably, the total population was continuously increasing over the past years.As defined by the International Monetary Fund, the total population of a country consists of all persons falling within the scope of the census.Find more statistics on other topics about Namibia with key insights such as the national debt, the share in the global GDP adjusted for purchasing power parity, and the budget balance in relation to the gross domestic product.

Chart and table of population level and growth rate for the Windhoek, Namibia metro area from 1950 to 2025. United Nations population projections are also included through the year 2035.

The gross domestic product (GDP) in current prices in Namibia was forecast to continuously increase between 2024 and 2029 by in total 4.2 billion U.S. dollars (+31.84 percent). After the sixth consecutive increasing year, the GDP is estimated to reach 17.36 billion U.S. dollars and therefore a new peak in 2029. This indicator describes the gross domestic product at current prices. The values are based upon the GDP in national currency converted to U.S. dollars using market exchange rates (yearly average). The GDP represents the total value of final goods and services produced during a year.Find more statistics on other topics about Namibia with key insights such as the ratio of government expenditure to the gross domestic product, the gross domestic product per capita, and the total population.

The inflation rate in Namibia decreased by about one percentage point from 4.29 percent in 2018 to 3.72 percent in 2019. It is projected to remain around 4.5 percent through 2029, significantly lower than the 2002 peak of 12.72 percent. Namibia’s historical context Prior to 1990, Namibia was under apartheid South Africa control, and before World War I, the country was a German colony and even suffered a genocide. Given this turbulent oppression, it is expected that social and economic residual ramifications would follow. Namibia’s inflation rate went through a volatile period during the 1990’s and early 2000’s where it reached around twelve percent several times. Over the past decade, Namibia’s inflation rate has largely declined. Namibia’s successful growth Similarly, Namibia’s gross domestic product (GDP) remained under five billion U.S. dollars through the 1990’s. Since then, the country’s GDP has grown to about 14 billion U.S. dollars as of 2019 and will continue to grow through the upcoming years. Namibia’s increasing economic success is in part linked to developing its services industry. Today, the services sector is responsible for employing about 60 percent of the country’s working population. A well-developed services industry is usually a sign of a similarly well-developed economy. The services sector includes the growing tourist industry with an expanding focus on ecotourism, centered around the country’s endangered wildlife.