Overview. Namibia is a higher-middle-income country with an estimated annual GDP per capita of US$5,828 but has extreme inequalities in income distribution and standard of living. It leads the list of countries by income inequality with a Gini coefficient of 59.7 (CIA) and 74.3 (UN), respectively.
Is Namibia a poor or rich country?
Rated as a high middle income country, Namibias poverty and inequality levels are among the highest. About 28.7% of the population is poor while 15% are extremely poor. Poverty is highest in rural (37%) than in urban areas (15%).
Why is Namibia poor?
There are a few reasons why Namibia is poor. Many of the causes stem from the social and economic imbalances of the apartheid system that was introduced in 1964 under South African rule. This resulted in a deep divide in Namibian society. If they cannot spend more than N$520.80 per month, they are just considered poor.
Is Namibia richer than South Africa?
Namibia vs South Africa: Economic Indicators Comparison South Africa with a GDP of $368.3B ranked the 35th largest economy in the world, while Namibia ranked 127th with $14.5B. By GDP 5-years average growth and GDP per capita, South Africa and Namibia ranked 151st vs 117th and 95th vs 102nd, respectively.
What is Namibia rich in?
It is the driest country in Sub-Saharan Africa, and is rich in mineral resources, including diamonds and uranium. Political stability and sound economic management have helped anchor poverty reduction and allowed Namibia to become an upper-middle income country.
Is it safe to go to Namibia?
Namibia is, for the most part, a safe country to visit. Crime is a serious issue in Namibias capital Windhoek and other areas throughout Namibia. Incidents such as muggings and bag snatching happen frequently, especially in areas frequented by foreigners.
What is the highest paying job in Namibia?
The most paid careers are Agriculture & Fishing with an average income of 695,420 NAD and Engineers & Technicians V with an income of 543,913 NAD. Based on education, the highest salaries receive people with Doctorate Degree with salary of 520,300 NAD.
Is Namibia safer than South Africa?
Namibia is safer than South Africa (roads, crime, etc), but I say that with caution as you should use your head in any country. Windhoek is generally friendly, but obviously dont flash your touristness about. Just be prepared for long distances
Who is the richest woman in Namibia?
Monica GeingosSpouse(s)Hage Geingob ( m. 2015)ResidenceState House Windhoek NamibiaAlma materUniversity of NamibiaProfessionBusinesswoman, Lawyer11 more rows
Do people speak English in Namibia?
English, the official language, is spoken by 3% of people as their native language. Among the white population, 60% speak Afrikaans, 32% German, 7% English, and 1% Portuguese. Indigenous languages are included in the school syllabus at primary level. From secondary level English is the medium of instruction.
Is English spoken in Namibia?
Namlish (a portmanteau of the words Namibian and English) is a form of English spoken in Namibia. The term was first recorded in 1991. English is the countrys official language since independence in 1990.
What is the best time of year to go to Namibia?
The best time to visit Namibia is from July to October, when the temperatures are just above 70°F and the chance of rain is low. This is also the best time for wildlife viewing, making it peak travel season — you will need to plan well in advance.
What is a good salary in Namibia?
A person working in Namibia typically earns around 17,400 NAD per month. Salaries range from 4,410 NAD (lowest average) to 77,900 NAD (highest average, actual maximum salary is higher). Annual-wise, the average salary in Namibia is 343,987 NAD per year. The most typical earning is 174,480 NAD.
Is it expensive to live in Namibia?
The cost of living in Namibia is very high. High transportation costs make prices very high and unaffordable. Monopoly in some business sectors causes higher profit booking, which also results in raising of prices.
How much do teachers earn in Namibia?
Average salary for Teacher / Namibia is 170,656 NAD per year. The most typical earning is 247,180 NAD. All data are based on 7 salary surveys. Salaries are different between men and women.
How many millionaires are there in Namibia?
There are 3,300 US$-millionaires in Namibia, 1,400 of which live in the capital Windhoek.
What is the most spoken language in Namibia?
English Namibia/Official languages