More than half of income earners – amounting to 54% – earn N$2,000 or less per month, highlighting the country's low-income reality.

At the same time, 71% of income earners countrywide are monthly salary earners, reflecting that regular monthly wages remain the dominant source of income for most Namibians.

The statistics are contained in the latest Namibia Financial Inclusion Survey report, released on Wednesday, by the Namibia Statistics Agency (NSA).

The survey provides evidence on the state of financial inclusion in Namibia to inform policy development and decision-making. 

Speaking at the ceremony, the NSA Statistician- General Alex Shimuafeni says Namibia has, on a positive note, recorded its highest level of financial inclusion, with 86% of adults now using formal or informal financial services. 

He says the survey, however, shows that financial inclusion remains concentrated in urban areas, while many Namibians continue to earn low incomes and face difficulties meeting their financial commitments.

"In 2007, less than half of the people were financially included, and then the figure had been increasing up to where we are now, which is 86%."

National Planning Commissions (NPC) Director General Kaire Mbuende also says the 2025 Namibia Financial Inclusion Survey Report provides the evidence needed to shape policies that expand access to financial services and support inclusive economic growth. 

Dr. Mbuende further states that the findings should be translated into practical action that improves the lives of all Namibians.

He emphasised that the National Planning Commission will continue to promote evidence-based planning and strengthen collaboration across government, private sector and development partners.

"The evidence contained in this report provides a solid foundation for a more inclusive, resilient and prosperous Namibia, where every citizen could participate meaningfully in the economy."

Bank of Namibia Governor Ebson Uanguta says financial inclusion is no longer just about opening bank accounts but about ensuring people actively use affordable financial services that improve their lives.

He notes the report will also guide the implementation of Namibia's Financial Sector Transformation Strategy for 2025 to 2035.

"This survey clearly equips policymakers and regulators and industry with the very clear evidence needed to design possible policy interventions that respond to the realities that are happening in the economy and also to the needs of our people."