Country profile · Sovereign risk

Namibia

Southern Africa·NAM·NAD·02 Oct 2026
RicherFin rating
Proprietary analytical opinion
Currency
NAD
CMA
Public projects
9
Published public projects
Reference data
2015–2024–2025
Macroeconomic periods

Ratings & sovereign risk

RicherFin Ratings

The analysis behind the rating.

The RicherFin file presents risk drivers, their sources and limitations, separately from agency ratings.

Agency ratings and outlooks
AgencyRatingOutlook
FitchBB-Stable
Moody'sB1Positive

Sources and reference dates are listed below.

Economic indicators

Each indicator retains its period
IndicatorValuePeriod
Real GDP growth1.7%2025
Central government debt / GDP4.7%2015
Current account / GDP-13.4%2024
Inflation3.5%2025
GDP per capitaUSD 4,8762025
Trade openness108.6%2025

Access the markets

Existing RicherFin pages

Equities

15 instruments
TickerCompanyLatest1M
SNO.NMSBN Holdings Ltd15 NAD+7.22%
AGR.NMAgra Ltd5 NAD+12.75%
CGP.NMCapricorn Group Ltd30 NAD+5.81%
MOC.NMMobile Telecommunications Ltd10 NAD+1.05%
NBS.NMNamibia Breweries Ltd34 NAD+5.66%
View more companies · NSX

Public projects & infrastructure

9 projects →
Namibia - Agricultural Mechanisation and Seed Improvement Project (NAMSIP)Agricultural policy and administrative management · OngoingPreview→Namibia - City of Otjiwarongo Waste Water Treatment and Solid Waste Management System PPP Transaction AdvisersWater sector policy and administrative management · OngoingPreview→Namibia - Development Bank of NamibiaFormal sector financial intermediaries · OngoingPreview→Namibia - Namibia Water Sector Support Program (NWSSP)Water sector policy and administrative management · OngoingPreview→

Sources & data scope

Economic indicator sources

Real GDP growth · 2025 · World Bank · Primary source →

Central government debt / GDP · 2015 · World Bank · Primary source →

Current account / GDP · 2024 · World Bank · Primary source →

Inflation · 2025 · World Bank · Primary source →

GDP per capita · 2025 · World Bank · Primary source →

Trade openness · 2025 · World Bank · Primary source →

RicherFin and agency ratings

The RicherFin opinion is distinct from agency ratings. A dash indicates an unavailable value.

Fitch · BB- · · Source →

Moody's · B1 · · Source →

Institutional sovereign report