NAM · snapshot 2026-08-09
Namibia
MediumOverall risk score
46.6
Percentile of scored universe
49th
Data coverage
97%
vs Australia (16.1)
+30.5
Category breakdown
Political Stability & Governance
Medium6 indicators · 100% coverage
Economic Resilience
Very High7 indicators · 100% coverage
Financial & Currency Risk
High5 indicators · 100% coverage
Business Environment
High3 indicators · 75% coverage
Security & Crime
Medium4 indicators · 100% coverage
Climate & Social Compliance
High4 indicators · 100% coverage
Technology & Digital
High4 indicators · 100% coverage
Cultural Distance
Medium9 indicators · 100% coverage · not in overall score
Key risks and considerations
Namibia rates Medium for market entry — an overall risk score of 46.6, less risky than 51% of rated economies and 31 points riskier than Australia.
The main risk drivers are no double-tax agreement with Australia, no investment-treaty protection with Australia, external imbalance (current account -13.7% of GDP, 3-yr average), violent crime (11.2 homicides per 100k) and heavy public debt (net 70.1% of GDP).
Relative strengths: inflation and DFAT smartraveller advisory level both rate Low, the least-risky rating band.
Possible mitigations
- Getting money out. Confirm profit-repatriation channels before committing capital: seek central-bank pre-approvals where required, consider an export-first model over an in-country entity, and structure via clear remittance jurisdictions.
- Withholding tax. No double-tax agreement with Australia: model withholding tax on dividends, interest, and royalties into the business case — it can decide the entity-vs-export question.
- Disaster resilience. High natural-hazard exposure: build business-continuity plans, check insurance availability (including parametric covers), and avoid single-point supply dependencies.
- Cultural bridging. Large cultural distance: invest in local partners, bilingual advisers, and longer relationship-building timelines — assume negotiation and management norms differ materially.
Generated automatically from this snapshot’s indicator data — a starting point for analysis, not advice.
Indicators
| Indicator | Value | Risk score | Rating | Australia | Data source year | Source |
|---|---|---|---|---|---|---|
| Political Stability & Governance | ||||||
| Voice & accountability (WGI) | 62.7 | 38.3 | Medium | |||
| Government effectiveness (WGI) | 53.3 | 47.1 | Medium | |||
| Regulatory quality (WGI) | 57.0 | 38.8 | Medium | |||
| Rule of law (WGI) | 62.6 | 38.4 | Medium | |||
| Control of corruption (WGI) | 50.4 | 41.3 | Medium | |||
| Political stability & absence of violence/terrorism (WGI PV) | 75.2 | 34.1 | Medium | |||
| Economic Resilience | ||||||
| GDP growth (3-yr average, %) | 3.3% (3-yr avg) | 45.0 | Medium | |||
| Growth volatility (10-yr std dev, pp) | ±3.9 pp | 58.4 | High | |||
| Government net debt (% of GDP) | 70.1 | 80.0 | Very High | |||
| Inflation (CPI %, vs income-group target) | 3.5 | 10.0 | Low | |||
| Current account (3-yr average, % of GDP) | -13.7% (3-yr avg) | 85.0 | Very High | |||
| FX reserves (months of import cover) | 4.0 months | 30.0 | Medium | |||
| GDP per capita (PPP, current intl $) | $11,986 | 67.1 | High | |||
| Financial & Currency Risk | ||||||
| Capital-account openness (Chinn-Ito KAOPEN) | 0.16 | 78.0 | Very High | |||
| Currency stability (regime-aware classification) | Floating — normal volatility (8–13%) | 30.0 | Medium | |||
| Sovereign credit risk (OECD country risk classification) | Category 5 / 7 | 64.0 | High | |||
| FATF listing (grey / black list status) | Not listed | 0.0 | Low | |||
| Double-tax agreement with Australia | None in force | 100.0 | Very High | |||
| Business Environment | ||||||
| FDI regulatory restrictiveness (OECD FDIRRI) | 0.14 | 56.4 | High | |||
| Logistics performance (World Bank LPI) | 2.9 | 48.9 | Medium | |||
| Business readiness (World Bank B-READY pillar average) | — | — | Insufficient data | |||
| Investment protection with Australia in force (BIT or FTA investment chapter) | None in force | 100.0 | Very High | |||
| Security & Crime | ||||||
| Armed-conflict intensity (battle deaths per 100k, 5-yr) | 0.0 | 29.7 | Medium | |||
| Intentional homicide rate (per 100k) | 11.2 | 80.3 | Very High | |||
| Organised crime pervasiveness (GI-TOC criminality score) | 4.4 | 31.0 | Medium | |||
| DFAT Smartraveller advisory level | Level 1 — Exercise normal safety precautions | 10.0 | Low | |||
| Climate & Social Compliance | ||||||
| Physical climate vulnerability (ND-GAIN vulnerability) | 0.511 | 76.1 | Very High | |||
| Disaster risk (INFORM Risk Index) | 4.1 | 59.7 | High | |||
| Modern-slavery prevalence (per 1,000) | 2.4 | 16.6 | Low | |||
| Modern-slavery vulnerability score | 47.0 | 47.2 | Medium | |||
| Technology & Digital | ||||||
| E-government development (UN EGDI) | 0.6 | 58.8 | High | |||
| Internet users (% of population) | 64.9 | 71.8 | High | |||
| Cybercrime origination (World Cybercrime Index) | 0.0 | 10.0 | Low | |||
| Secure internet servers (per million people) | 427.4 | 61.6 | High | |||
Per-indicator ratings are quartile bands of the 0–100 risk score. The Australia column shows the same indicator’s raw value for the Australian baseline in this snapshot.
Cultural distance
GLOBE 2004 societal practices · rated on distance from Australia · not in the overall score
Context — not scored
Unemployment
19.3%
Displayed, never scored: ambiguous for an entrant and unreliable where informal employment dominates. (2025, ILO modelled)
Trade agreement
No Australian FTA in force
Market access is decision-relevant but a benefit, not a risk — kept out of the rating.
Regional advisories
No higher regional advisory levels
DFAT Smartraveller sub-national advice where it exceeds the overall level.
Compare with
A score means little on its own. These economies scored closest to Namibia in this snapshot, which is the fastest way to see whether the rating is telling you something specific or something regional.