Namibia is an upper middle-income country, and therefore uses the US$5.50 benchmark for extreme poverty. Despite being an upper middle-income, poverty and inequality levels in Namibian are very high. According to the 2021 Multidimensional Poverty Index, 43.3% of the Namibian population are multidimensionally poor.Namibia is a higher-middle-income country with an annual GDP per capita of N$79,431 in 2022, but has extreme inequalities in income distribution and standard of living.Namibia is one of the safest countries in Africa and its democracy is one of the continent's most stable, having held several peaceful multi-party elections since its independence. It enjoys particularly good relations with South Africa, and, in fact, the South African rand is legal tender in Namibia.

Is Namibia considered a developed country : The current Human Development Index ( HDI ) ranks Namibia 142nd out of 193 countries.

Is Namibia high risk

Namibia – Level 2: Exercise Increased Caution

There is a higher risk of crime in the central business districts of major cities after dark. Read the country information page for additional information on travel to Namibia. If you decide to travel to Namibia: Avoid walking alone, especially after dark.

Is South Africa richer than Namibia : South Africa at USD 10,970 and Namibia at USD 9,320. rich.

Countries with a low population density tend to be far richer on a wealth per capita basis, which New World Wealth argues is a better indicator of the actual financial health of an economy. Namibia is only behind South Africa and Mauritius on a wealth per capita basis.

The cost of living in Namibia is higher than some other regional cities in the southern region of the African continent. Namibia imports about 50% of its cereal requirements. Many other items used in daily life also need to be imported. High transportation costs make prices very high and unaffordable.

What is Namibia rich for

Namibia is a geographically large country with a small population of about 3.0 million (2024) and a 1,500 km-long coastline on the South Atlantic. The driest country in Sub-Saharan Africa, it is rich in mineral resources, including diamonds and uranium, sharing borders with Angola, Botswana, South Africa, and Zambia.For our purposes “millionaires” refer to high-net-worth individuals with investable wealth of USD 1 million or more. There are approximately 2,150 such individuals currently living in Namibia (as at June 2023) and this number is expected to rise to over 10,000 by 2040.South Africa
Ranked: Africa's Economies by GDP

Rank	Country	GDP
1	🇿🇦 South Africa	$401B
2	🇳🇬 Nigeria	$395B
3	🇪🇬 Egypt	$358B
4	🇩🇿 Algeria	$239B

Country Summary: Petty crime, such as pickpocketing, purse snatching, and "smash-and-grab" attacks on vehicles, is increasingly common, and these can violently escalate into robberies and muggings. There is a higher risk of crime in the central business districts of major cities after dark.

Is Namibia a stable country : Namibia, a large and sparsely populated country on Africa's south-west coast, has enjoyed stability since gaining independence in 1990 after a long struggle against rule by South Africa.

Why is Namibia so rich : Namibia is a geographically large country with a small population of about 3.0 million (2024) and a 1,500 km-long coastline on the South Atlantic. The driest country in Sub-Saharan Africa, it is rich in mineral resources, including diamonds and uranium, sharing borders with Angola, Botswana, South Africa, and Zambia.

Which African country is richest

Top 10 richest countries in Africa in 2024 – IMF

• Mauritius. Mauritius claims the top spot as the richest country in Africa in 2024, with a GDP-PPP per capita of $31,157.
• Libya.
• Botswana.
• Gabon.
• Egypt.
• Equatorial Guinea.
• South Africa.
• Algeria.

Now, let's talk about how much you can expect to spend per day in Namibia. For budget travelers, planning ahead and researching activities and costs is crucial. On average, a budget traveler can expect to spend around $50 to $70 per day, including accommodation, food, transportation, and activities.The economy is mostly export-driven. Mining, fishing, tourism, and agriculture are Namibia's key industries. While the United States is among Namibia's top ten trading partners, imports into Namibia are dominated by South Africa, which is the source of 60 percent of Namibia's total imports.

Where do the rich live in Namibia : Moneyed suburbs

Namibia is home to various affluent residential suburbs that appeal to wealthy buyers. These include Ludwigsdorf and Klein Windhoek (both in Windhoek), Vogelstrand (in Swakopmund) and Langstrand (near Walvis Bay).