Namibia offers a very affordable cost of living, with a Cost of Living Index of 36.8 (NYC=100). Groceries (38.1) and restaurant prices (32.4) are particularly low.

The housing market in Namibia is very affordable, with a Property Price to Income Ratio of 3.4 years. The Rent Index is also low at 14.4 (NYC=100).

The Purchasing Power Index of 74.1 (NYC=100) indicates below-average buying power for residents.

Namibia has a progressive income tax system with rates up to 37%, and an increased tax-exempt threshold of N$100,000 as of March 2024. The standard VAT rate is 15%.

Namibia's startup ecosystem is ranked #85 globally and #2 in Southern Africa. While facing challenges like bureaucracy and funding, government initiatives are fostering growth and innovation.

Namibia provides a universal, non-contributory pension for citizens over 60. The healthcare system is mixed, with private facilities offering good quality in urban areas, while public healthcare faces resource challenges.

Deposits are protected up to N$50,000 (approx. USD 3,000) per depositor per institution by the Namibia Deposit Guarantee Authority (NDGA), covering over 90% of depositors. The Bank of Namibia provides regulatory oversight.