Republic of Namibia

Namibias Political Economy and

Development Policy Frameworks

HONOURABLE CARL H G SCHLETTWEIN (MP)

MINISTER OF FINANCE

10th of May, 2016

Urban/Rural Population Projections

40% 34%
53% 48%
57%

60% 66%
47% 52%
43%

2011 2015 2020 2030 2040

Urban Rural

Source: Namibia Statistics Agency

Real GDP Growth (%), 1990-2015
12.0

10.0

8.0

6.0

4.0

2.0

0.0

-2.0

Source: Namibia Statistics Agency

Real Consumption and Investment Growth
(%), 2011-2015
35.0
30.0
25.0
20.0
15.0
10.0
5.0
0.0
-5.0
2011 2012 2013 2014 2015
Private consumption General government consumption
Gross fixed capital formation Gross domestic expenditure

Source: Namibia Statistics Agency

Exports and Imports (N$ millions at
constant 2010 prices), 2011-2015
90,000
80,000
70,000
60,000
50,000
40,000
30,000
20,000
10,000
0
2011 2012 2013 2014 2015
Exports of goods and services Imports of goods and services

Source: Namibia Statistics Agency

GDP from the Primary Sector, 2015
Agriculture and Fishing and fish
forestry processing
4% 2%
Mining and
quarrying
9%

Other GDP
85%

Source: Namibia Statistics Agency

Employment by Major Sector, 2014

Agriculture,
Other sectors forestry &
28% fishing
29%

Wholesale &
retail trade
Education 14%
6%
Public
admistration &
defence Construction Private household services
6% 8% 9%

Source: Namibia Statistics Agency

 GDP by Industry Sector, 1990-2015
100.0%
90.0%
80.0%
70.0%
60.0%
50.0%
40.0%
30.0%
20.0%
10.0%
0.0%
1990 1995 2000 2005 2010 2015
Primary Secondary Tertiary Taxes and FISIM
Source: Namibia Statistics Agency
 Fiscal Consolidation
Namibian Public Debt/GDP
40%
35%
30%
25%
20%
37% 34%
15%
26% 25% 24% 25%
10%
17%
5%
0%
2010/11 2011/12 2012/13 2013/14 2014/15 2015/16 2016/17*

* 2016/17 projected Source: Ministry of Finance

Primary Sector Exports, 2015

Other exports
23%
Diamonds
33%

Meat
2%
Live animals
3%
Zinc
3%
Copper ores
10% Copper
Fish Cathodes
12% 14%

Source: Namibia Statistics Agency

Inequality: Gini Coefficient
0.72
0.7
0.68
0.66
0.64
0.62 0.701
0.6
0.58
0.603 0.597
0.56
0.54
1993/94 2003/04 2010/11

Source: Namibia Statistics Agency

Unemployment rate by age group (%),
2014
70.0

60.0

50.0
Average for all age groups = 28.1%
40.0

30.0

20.0

10.0

0.0

Source: Namibia Statistics Agency

Employment-to-Population Ratio by
Highest Level of Educational Attainment,
2014
100%
90%
80%
70%
60%
50%
40%
30%
20%
10%
0%

Source: Namibia Statistics Agency

Population living in poverty (%)
30.0%

25.0%

20.0%

15.0%
27.6%
10.0% 19.5%
13.8%
5.0% 9.6%

0.0%
2003/04 2010/11
Poor Severely Poor

Source: Namibia Statistics Agency

Medium-Term Policy Response Agenda
To realize Vision 2030, Harambee PP commits to
the following targeted interventions:

Improving skills and quality of educational outcomes

Expanding manufacturing base, tapping regional
integration
Promoting Growth at Home and export-led growth
Fostering a conducive investment climate
Eradicating poverty through income generation and social
protection
Medium-Term Policy Response Agenda

Implement growth-friendly fiscal & monetary policies

Do things differently; Implement Harambee PP
Mobilize Domestic Resources to finance development
Implement structural reforms to optimize outcomes:
(PPP Policy, Public Enterprises, NEEEF, Public
Procurement, Financial Sector reforms)
Medium-Term Policy Response Agenda
Conclusion
Namibia has made significant progress since 1990
Structural constraints in core areas remain, but are
surmountable
Addressing the constraints require a new norm,
better targeting and urgency in a globalized world
The Harambee Prosperity Plan offers prioritization for
a new development paradigm
THANK YOU