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: 2.567 million (2022)
GDP: 12.91 billion USD (2022)
Corporate Tax Rate: 32%
Personal Income Tax Rate: 37%
Major Exports: The top exports of Namibia are Diamonds ($1.09B), Gold ($860M), Radioactive Chemicals ($571M), Special Purpose Ships ($356M), and Refined Petroleum ($341M), exporting mostly to South Africa ($1.75B), Botswana ($672M), China ($628M), Zambia ($279M), and France ($272M). In 2022, Namibia was the world's biggest exporter of Uranium and Thorium Ore ($263M).
Major Imports: The top imports of Namibia are Refined Petroleum ($1.22B), Special Purpose Ships ($445M), Copper Ore ($283M), Delivery Trucks ($252M), and Electricity ($235M), importing mostly from South Africa ($3.3B), China ($575M), Nigeria ($433M), India ($355M), and United Arab Emirates ($296M).
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/
