The Namibian economy has a modern market sector, which produces most of the country's wealth, and a traditional subsistence sector. Although the majority of the population engages in subsistence agriculture and herding, Namibia has more than 200,000 skilled workers, as well as a small, well-trained professional and managerial class.

Namibia is a low middle income country with an estimated annual GDP per capita of US$5,155 but has extreme inequalities in income distribution and standard of living. It leads the list of countries by income inequality with a Gini coefficient of 70.7 (CIA) and 74.3 (UN), respectively.

Since independence, the Namibian Government has pursued free-market economic principles designed to promote commercial development and job creation to bring disadvantaged Namibians into the economic mainstream. To facilitate this goal, the government has actively courted donor assistance and foreign investment. The liberal Foreign Investment Act of 1990 provides guarantees against nationalisation, freedom to remit capital and profits, currency convertibility, and a process for settling disputes equitably. Namibia also is addressing the sensitive issue of agrarian land reform in a pragmatic manner.

Namibia, officially the Republic of Namibia (Afrikaans: Republiek van Namibië, German:  Republik Namibia (help·info)), is a country in southern Africa whose western border is the Atlantic Ocean. It shares land borders with Angola and Zambia to the north, Botswana to the east and South Africa to the south and east. It gained independence from South Africa on 21 March 1990, following the Namibian War of Independence. Its capital and largest city is Windhoek. Namibia is a member state of the United Nations (UN), the Southern African Development Community (SADC), the African Union (AU), and the Commonwealth of Nations.

The dry lands of Namibia were inhabited since early times by Bushmen, Damara, and Namaqua, and since about the 14th century AD by immigrating Bantu who came with the Bantu expansion. It became a German Imperial protectorate in 1884 and remained a German colony until the end of World War I. In 1920, the League of Nations mandated the country to South Africa, which imposed its laws and, from 1948, its apartheid policy.