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Chart of the week

Tannan Groenewald
Namibia's unemployment rate is estimated to be 43.0% in 2024, placing it among the highest known unemployment rates worldwide.

Since independence, Namibia has seen no material improvement in its unemployment rate, which spiked to over 30% at the start of the century and has consistently hovered around the 30-35% mark. Unfortunately, no data beyond 2018 has been made available by Namibia's official statistics agency, despite previously collecting this data nearly every year since 2008. However, according to Afrobarometer data, Namibia's unemployment rate has risen to a (quite unbelievable) 43.0% in 2024.



Unemployed Namibians find it extremely difficult to secure a job. The Namibia Labour Force Survey of 2018 reported that three in four unemployed jobseekers had been out of work for more than a year. This pattern is consistent across rural/urban and male/female respondents, with 70-76% reporting this length of unemployment.

Public confidence in the government’s ability to create jobs has dropped to an all-time low in 2024, with nearly 90% believing the government is performing either "fairly badly" or "very badly" in this area. Confidence in other areas – such as stabilising prices, reducing inequality, addressing educational needs, improving basic health services, fighting corruption, and more – has also declined to all-time lows in 2024.



In each round of the Afrobarometer survey, unemployment remains, by far, the issue that the public most urgently believes the government must address. These drops in confidence, alongside other statistics recording rising public unrest and discontent, correlate strongly with diminishing public trust and support for the government.



Afrobarometer's national partner in Namibia, Survey Warehouse, regularly collects unemployment statistics (and more) using nationally representative, random, stratified probability samples of 1 200 adult citizens. A sample of this size provides country-level results with a margin of error of ±3 percentage points at a 95% confidence level.

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Allgemeine Zeitung 2024-11-05

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Premier League: Fulham 2 vs 1 Brentford | Manchester United 1 vs 1 Chelsea | Tottenham Hotspur 4 vs 1 Aston Villa | Wolves 2 vs 2 Crystal Palace | Southampton 1 vs 0 Everton | Nottingham Forest 3 vs 0 West Ham | Liverpool 2 vs 1 Brighton | Ipswich Town 1 vs 1 Leicester City | Bournemouth 2 vs 1 Manchester City | Newcastle 1 vs 0 Arsenal Katima Mulilo: 22° | 38° Rundu: 22° | 36° Eenhana: 20° | 36° Oshakati: 21° | 35° Ruacana: 20° | 36° Tsumeb: 24° | 33° Otjiwarongo: 18° | 33° Omaruru: 19° | 35° Windhoek: 17° | 33° Gobabis: 16° | 35° Henties Bay: 13° | 19° Wind speed: 21km/h, Wind direction: SW, Low tide: 10:52, High tide: 05:12, Low Tide: 23:16, High tide: 17:15 Swakopmund: 14° | 15° Wind speed: 18km/h, Wind direction: W, Low tide: 10:50, High tide: 05:10, Low Tide: 23:14, High tide: 17:13 Walvis Bay: 13° | 19° Wind speed: 21km/h, Wind direction: W, Low tide: 10:50, High tide: 05:09, Low Tide: 23:14, High tide: 17:12 Rehoboth: 15° | 35° Mariental: 14° | 35° Keetmanshoop: 13° | 33° Aranos: 14° | 36° Lüderitz: 15° | 29° Ariamsvlei: 10° | 30° Oranjemund: 15° | 31° Luanda: 25° | 26° Gaborone: 19° | 36° Lubumbashi: 17° | 32° Mbabane: 12° | 22° Maseru: 6° | 26° Antananarivo: 17° | 28° Lilongwe: 24° | 33° Maputo: 18° | 26° Windhoek: 17° | 33° Cape Town: 13° | 22° Durban: 15° | 20° Johannesburg: 16° | 29° Dar es Salaam: 25° | 31° Lusaka: 21° | 35° Harare: 19° | 31° Currency: GBP to NAD 22.61 | EUR to NAD 19 | CNY to NAD 2.46 | USD to NAD 17.45 | DZD to NAD 0.13 | AOA to NAD 0.02 | BWP to NAD 1.27 | EGP to NAD 0.35 | KES to NAD 0.13 | NGN to NAD 0.01 | ZMW to NAD 0.64 | ZWL to NAD 0.04 | BRL to NAD 3.02 | RUB to NAD 0.18 | INR to NAD 0.21 | USD to DZD 132.51 | USD to AOA 909.05 | USD to BWP 13.33 | USD to EGP 49.07 | USD to KES 129.2 | USD to NGN 1665.41 | USD to ZAR 17.45 | USD to ZMW 26.9 | USD to ZWL 321 | Stock Exchange: JSE All Share Index Same 0 | Namibian Stock Exchange (NSX) Overall Index 1876.57 Up +0.49% | Casablanca Stock Exchange (CSE) MASI 14300.12 Up +0.21% | Egyptian Exchange (EGX) 30 Index 30650.04 Down -0.59% | Botswana Stock Exchange (BSE) DCI 9845.11 Same 0 | NSX: MTC 7.75 SAME | Anirep 8.99 SAME | Capricorn Investment group 17.34 SAME | FirstRand Namibia Ltd 49 DOWN 0.50% | Letshego Holdings (Namibia) Ltd 4.1 UP 2.50% | Namibia Asset Management Ltd 0.7 SAME | Namibia Breweries Ltd 31.49 UP 0.03% | Nictus Holdings - Nam 2.22 SAME | Oryx Properties Ltd 12.1 UP 1.70% | Paratus Namibia Holdings 11.99 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.48 SAME | B2Gold Corporation 47.34 DOWN 1.50% | Local Index closed 677.62 UP 0.12% | Overall Index closed 1534.6 DOWN 0.05% | Osino Resources Corp 19.47 DOWN 2.41% | Commodities: Gold US$ 2 739.13/OZ UP +0.11% | Copper US$ 4.47/lb UP +1.34% | Zinc US$ 3 097.50/T UP 1.78% | Brent Crude Oil US$ 75.83/BBP UP +0.31% | Platinum US$ 993.76/OZ UP +1.34% Sport results: Premier League: Fulham 2 vs 1 Brentford | Manchester United 1 vs 1 Chelsea | Tottenham Hotspur 4 vs 1 Aston Villa | Wolves 2 vs 2 Crystal Palace | Southampton 1 vs 0 Everton | Nottingham Forest 3 vs 0 West Ham | Liverpool 2 vs 1 Brighton | Ipswich Town 1 vs 1 Leicester City | Bournemouth 2 vs 1 Manchester City | Newcastle 1 vs 0 Arsenal Weather: Katima Mulilo: 22° | 38° Rundu: 22° | 36° Eenhana: 20° | 36° Oshakati: 21° | 35° Ruacana: 20° | 36° Tsumeb: 24° | 33° Otjiwarongo: 18° | 33° Omaruru: 19° | 35° Windhoek: 17° | 33° Gobabis: 16° | 35° Henties Bay: 13° | 19° Wind speed: 21km/h, Wind direction: SW, Low tide: 10:52, High tide: 05:12, Low Tide: 23:16, High tide: 17:15 Swakopmund: 14° | 15° Wind speed: 18km/h, Wind direction: W, Low tide: 10:50, High tide: 05:10, Low Tide: 23:14, High tide: 17:13 Walvis Bay: 13° | 19° Wind speed: 21km/h, Wind direction: W, Low tide: 10:50, High tide: 05:09, Low Tide: 23:14, High tide: 17:12 Rehoboth: 15° | 35° Mariental: 14° | 35° Keetmanshoop: 13° | 33° Aranos: 14° | 36° Lüderitz: 15° | 29° Ariamsvlei: 10° | 30° Oranjemund: 15° | 31° Luanda: 25° | 26° Gaborone: 19° | 36° Lubumbashi: 17° | 32° Mbabane: 12° | 22° Maseru: 6° | 26° Antananarivo: 17° | 28° Lilongwe: 24° | 33° Maputo: 18° | 26° Windhoek: 17° | 33° Cape Town: 13° | 22° Durban: 15° | 20° Johannesburg: 16° | 29° Dar es Salaam: 25° | 31° Lusaka: 21° | 35° Harare: 19° | 31° Economic Indicators: Currency: GBP to NAD 22.61 | EUR to NAD 19 | CNY to NAD 2.46 | USD to NAD 17.45 | DZD to NAD 0.13 | AOA to NAD 0.02 | BWP to NAD 1.27 | EGP to NAD 0.35 | KES to NAD 0.13 | NGN to NAD 0.01 | ZMW to NAD 0.64 | ZWL to NAD 0.04 | BRL to NAD 3.02 | RUB to NAD 0.18 | INR to NAD 0.21 | USD to DZD 132.51 | USD to AOA 909.05 | USD to BWP 13.33 | USD to EGP 49.07 | USD to KES 129.2 | USD to NGN 1665.41 | USD to ZAR 17.45 | USD to ZMW 26.9 | USD to ZWL 321 | Stock Exchange: JSE All Share Index Same 0 | Namibian Stock Exchange (NSX) Overall Index 1876.57 Up +0.49% | Casablanca Stock Exchange (CSE) MASI 14300.12 Up +0.21% | Egyptian Exchange (EGX) 30 Index 30650.04 Down -0.59% | Botswana Stock Exchange (BSE) DCI 9845.11 Same 0 | NSX: MTC 7.75 SAME | Anirep 8.99 SAME | Capricorn Investment group 17.34 SAME | FirstRand Namibia Ltd 49 DOWN 0.50% | Letshego Holdings (Namibia) Ltd 4.1 UP 2.50% | Namibia Asset Management Ltd 0.7 SAME | Namibia Breweries Ltd 31.49 UP 0.03% | Nictus Holdings - Nam 2.22 SAME | Oryx Properties Ltd 12.1 UP 1.70% | Paratus Namibia Holdings 11.99 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.48 SAME | B2Gold Corporation 47.34 DOWN 1.50% | Local Index closed 677.62 UP 0.12% | Overall Index closed 1534.6 DOWN 0.05% | Osino Resources Corp 19.47 DOWN 2.41% | Commodities: Gold US$ 2 739.13/OZ UP +0.11% | Copper US$ 4.47/lb UP +1.34% | Zinc US$ 3 097.50/T UP 1.78% | Brent Crude Oil US$ 75.83/BBP UP +0.31% | Platinum US$ 993.76/OZ UP +1.34%