The alcohol industry in Namibia has grown steadily over the years and has become an important part of the country’s economy and social fabric. With only about 2 million people, however, it remains one of the smallest per-capita consumers of alcohol on the African continent, so there’s still plenty of room to grow! This article summarizes how much the alcohol industry in Namibia is worth today and looks at some factors that could affect its growth over the next several years.

How much alcohol industry is worth in Namibia?

The alcohol industry in Namibia contributes a significant proportion of the Gross Domestic Product (GDP) and has been identified as one of the top 5 sectors with the potential for growth. Data from the Central Bank of Namibia shows that the alcohol industry contributed 9% to GDP in 2012 and this figure is expected to grow by 3% annually. The total contribution of the alcohol industry to GDP was estimated at N$4,8 billion.

The current state of the alcohol industry in Namibia

In 2000, the alcohol industry in Namibia was worth 2.6 billion dollars. The industry experienced a growth of 10% between 2001 and 2002, but then experienced a steady decline over the next five years. In 2006, the alcohol industry was worth 1.5 billion dollars and by 2007 had dropped to 1.3 billion dollars, an 8% decrease from 2006.