ACP, AfDB, AU, C, FAO, G-77, IAEA, IBRD, ICAO, ICCt, ICRM, IDA,
IFAD, IFC, IFRCS, ILO, IMF, IMO, Interpol, IOC, IOM (observer), IPU,
ISO (correspondent), ITSO, ITU, MIGA, NAM, OPCW, SACU, SADC, UN,
UNAMID, UNCTAD, UNESCO, UNHCR, UNIDO, UNMIL, UNMIS, UNOCI, UNWTO,
UPU, WCL, WCO, WFTU, WHO, WIPO, WMO, WTO
Diplomatic representation in the US:
chief of mission: Ambassador Patrick NANDAGO chancery: 1605 New Hampshire Avenue NW, Washington, DC 20009 telephone: [1] (202) 986-0540 FAX: [1] (202) 986-0443
Diplomatic representation from the US:
chief of mission: Ambassador G. Dennise MATHIEU embassy: 14 Lossen Street, Windhoek mailing address: Private Bag 12029 Ausspannplatz, Windhoek telephone: [264] (61) 295-8500 FAX: [264] (61) 295-8603
Flag description:
a wide red stripe edged by narrow white stripes divides the flag diagonally from lower hoist corner to upper fly corner; the upper hoist-side triangle is blue and charged with a yellow, 12-rayed sunburst; the lower fly-side triangle is green
Economy
Namibia
Economy - overview:
The economy is heavily dependent on the extraction and processing of minerals for export. Mining accounts for 8% of GDP, but provides more than 50% of foreign exchange earnings. Rich alluvial diamond deposits make Namibia a primary source for gem-quality diamonds. Namibia is the fourth-largest exporter of nonfuel minerals in Africa, the world's fifth-largest producer of uranium, and the producer of large quantities of lead, zinc, tin, silver, and tungsten. The mining sector employs only about 3% of the population while about half of the population depends on subsistence agriculture for its livelihood. Namibia normally imports about 50% of its cereal requirements; in drought years food shortages are a major problem in rural areas. A high per capita GDP, relative to the region, hides one of the world's most unequal income distributions. The Namibian economy is closely linked to South Africa with the Namibian dollar pegged one-to-one to the South African rand. Increased payments from the Southern African Customs Union (SACU) put Namibia's budget into surplus in 2007 for the first time since independence, but SACU payments will decline after 2008 as part of a new revenue sharing formula. Increased fish production and mining of zinc, copper, uranium, and silver spurred growth in 2003-07, but growth in recent years was undercut by poor fish catches and high costs for metal inputs.