Poverty in Namibia is common with an unemployment rate of 29.9%, poverty incidence of 26.9% and HIV prevalence of 16.9%.

Namibia Namibia, officially the Republic of Namibia, is a country on the west coast of Southern Africa. Its borders include the Atlantic Ocean to the west, Angola and Zambia to the north, Botswana to the east and South Africa to the south; in the no ...

has an economic growth rates averaging 4.3% according to the

World Bank The World Bank is an international financial institution that provides loans and Grant (money), grants to the governments of Least developed countries, low- and Developing country, middle-income countries for the purposes of economic development ...

, and is one of nine nations in Africa classified by the World Bank as upper center pay. However,

income disparity In economics, income distribution covers how a country's total GDP is distributed amongst its population. Economic theory and economic policy have long seen income and its distribution as a central concern. Unequal distribution of income causes e ...

in the country is one of the world's highest with a

Gini coefficient In economics, the Gini coefficient ( ), also known as the Gini index or Gini ratio, is a measure of statistical dispersion intended to represent the income distribution, income inequality, the wealth distribution, wealth inequality, or the ...

of 59.1 in 2015 (2017: 61.3), and there were 3,300

US$ The United States dollar (Currency symbol, symbol: Dollar sign, $; ISO 4217, currency code: USD) is the official currency of the United States and International use of the U.S. dollar, several other countries. The Coinage Act of 1792 introdu ...

millionaires in 2017. In a 2021 report by the governmental Namibia Statistics Agency, multidimensional poverty was determined to affect 43% of the population, 59% in rural and 25% in urban areas. The poorest regions per this measure were

Kavango West Kavango West is one of the fourteen regions of Namibia. Its capital and only self-governed settlement is Nkurenkuru, its governor is Sirkka Ausiku. The Region was created in 2013 when the Kavango Region was split into Kavango East and Kavango We ...

(80%),

Kavango East Kavango East is one of the fourteen regions of Namibia. Its capital is Rundu, its governor is Bonifatius Wakudumo. The region was created in 2013 when the Kavango Region was split into Kavango East and Kavango West. The only self-governing sett ...

(70%) and

Kunene Region Kunene is one of the fourteen regions of Namibia. Its capital is Opuwo, its governor is Vipuakuje Muharukua. The region's name comes from the Kunene River which forms the northern border with Angola. Geography Besides the capital Opuwo, the reg ...

(64%), while the lowest rates of poverty were found in

Erongo Erongo is one of the 14 regions of Namibia. The capital is Swakopmund. It is named after Mount Erongo, a well-known landmark in Namibia and in this area. Erongo contains the municipalities of Walvis Bay, Swakopmund, Henties Bay and Omaruru, as ...

(16%) and ǁKaras (21%). More than 400,000 people live in

informal housing Informal housing or informal settlement can include any form of housing, shelter, or settlement (or lack thereof) which is illegal, falls outside of government control or regulation, or is not afforded protection by the state. As such, the info ...

, with

Windhoek Windhoek (; ; ) is the capital and largest city of Namibia. It is located in central Namibia in the Khomas Highland plateau area, at around above sea level, almost exactly at the country's geographical centre. The population of Windhoek, which ...

(100,000 shack dwellers),

Rundu Rundu is the capital and the largest city of the Kavango-East Region in northern Namibia. It lies on the border with Angola on the banks of the Kavango River, about above sea level. Rundu's population is growing rapidly. The 2001 census counted ...

(76,000) and

Otjiwarongo Otjiwarongo (Herero language, Herero for "beautiful place") is a city of 49,000 inhabitants in the Otjozondjupa Region of Namibia. It is the district capital of the Otjiwarongo Constituency, Otjiwarongo electoral constituency and also the capital ...

(53,000) accommodating the largest number.

References

Economy of Namibia

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See also

References