Namibia
South Africa occupied the German colony of South-West Africa during World War I and administered it as a mandate until after World War II, when it annexed the territory. In 1966 the Marxist South-West Africa People's Organization (SWAPO) guerrilla group launched a war of independence for the area that became Namibia, but it was not until 1988 that South Africa agreed to end its administration in accordance with a UN peace plan for the entire region. Namibia has been governed by SWAPO since the country won independence in 1990. Hifikepunye POHAMBA was elected president in November 2004 in a landslide victory replacing Sam NUJOMA who led the country during its first 14 years of self rule. POHAMBA was reelected in November 2009.[1]
Economical characteristics
- Currency: Namibian dollar (ISO code: NAD)
- Central bank discount rate: 7% (31 December 2009)[1]
- Commercial banks lending rate: 11.12% (31 December 2009 )[1]
- Stock of money (M1): $1.983 billion (31 December 2008)[1]
- Quasi money (with M1 makes M2): $1.158 billion (31 December 2008)[1]
Statistics
| Statistic / Year | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 |
|---|---|---|---|---|---|---|---|---|---|---|
| GDP (million USD)[2] | 3 386 | 3 909 | 3 547 | 3 361 | 4 934 | 6 606 | 7 262 | 7 981 | 8 837 | 8 837 |
| Govt. debt (% of GDP)[3] | ||||||||||
| Govt. revenue (% of GDP)[4] | 34.737 | 30.102 | 29.152 | 29.452 | 26.018 | 26.386 | 28.218 | 32.421 | 29.133 | |
| Govt. expenses (% of GDP)[5] | 33.426 | 28.485 | 30.130 | 28.832 | 29.697 | 26.445 | 25.632 | 24.266 | 23.982 | |
| Debt to revenue (years) |
References
Note: statistical data was rounded. Different sources may use different methodologies for their estimates. Debt to revenue is calculated by dividing the two variables from their original ('unrounded') values. It represents how long it would a government take to repay its entire debt if it used its whole revenue for this purpose.
- ↑ 1.0 1.1 1.2 1.3 1.4 Cite error: Invalid
<ref>tag; no text was provided for refs namedCIA_NA - ↑ World Bank. "Namibia: GDP", from World Bank Data. Referenced 2010-10-04.
- ↑ World Bank. "Namibia: government debt", from World Bank Data. Referenced 2010-10-04.
- ↑ World Bank. "Namibia: government revenue", from World Bank Data. Referenced 2010-10-04.
- ↑ World Bank. "Namibia: government expenses", from World Bank Data. Referenced 2010-10-04.
External links
- Namibia on Wikipedia
- Central bank of Namibia
- Country profile (pdf) from the Enterprise Studies page (part of the The World Bank Group)
- BBC country profile