Namibia
On this page you will find beneficial information regarding foreign direct investment in / trading with Namibia. If you are interested in exploring trade or investment possibilities in the country, feel free to contact the International Trade Council team. Additionally, we encourage you to engage with the official government investment agency featured on this page.
It is important to note that while the statistics presented on this page were understood to be accurate at the time of publication, they are subject to change over time. Please consult your ITC Trade Commissioner for up-to-date information.
Type of Government: Republic
Population: 2.530 million (2021)
GDP: 12.31 billion USD (2021)
Corporate Tax Rate: 19% - 26%
Personal Income Tax Rate: 15%
Major Exports: Diamonds ($922M), Radioactive Chemicals ($599M), Raw Copper ($535M), Gold ($436M), and Fish Fillets ($327M), exporting mostly to South Africa ($988M), China ($709M), Belgium ($564M), Botswana ($390M), and Germany ($307M).
Major Imports: Special Purpose Ships ($821M), Copper Ore ($313M), Electricity ($238M), Delivery Trucks ($229M), and Refined Petroleum ($158M), importing mostly from South Africa ($3.43B), Nigeria ($665M), China ($401M), Bulgaria ($163M), and Romania ($158M).
Investment Agency: Namibia Investment Promotion and Development Board
Website: https://nipdb.com/
National Chamber of Commerce: Namibia Chamber of Commerce and Industry
Website: https://www.ncci.org.na/
Customs Agency: Namibia Customs and Excise
Website: https://www.namra.org.na/
