Namibia has been politically stable since gaining independence from South Africa in 1990. President Hage Geingob was elected to a five-year term in 2014.
Namibia’s economic freedom score is 58.7, making its economy the 99th freest in the 2019 Index. Its overall score has increased by 0.2 point, with higher scores for government integrity and the tax burden outpacing declines in business freedom and the score for government spending. Namibia is ranked 10th among 47 countries in the Sub-Saharan Africa region, and its overall score is above the regional average but below the world average.
The combined value of exports and imports is equal to 84.2 percent of GDP.
Economic outlook is potentially favorable in the medium term, reflecting the new mining operations coming on stream, but are also dependent on measures to relax restrictions on the private sector imposed and to reopen access to concessional development finance.
Subway Lab's master plan for Narnia offers strategies to strengthen its natural assets, and create sustainable residential districts. Focusing on six core components—water, ecology, new economies, agriculture, community, and mobility—the plan seeks to create resilient infrastructure and spur economic development.
It benefits the country's existing residents by encouraging organic growth and fostering new opportunities for agriculture, eco-tourism, and ecology-driven industries. The plan improves conditions for agricultural activity, while supporting the transition to an economy centered on ecotourism.
The master plan also calls for investments in sustainable infrastructure. Long term strategies for water management combine existing and planned infrastructure for treatment and reuse. The plan also prioritizes transportation, with an extensive network of ferries, cycling routes, streetcars, autonomous buses, and connections to existing roadways and public transit.
As a sustainable vision for Narnia, the master plan champions future environmental, cultural, and economic growth.