Data derived from several sources were used to determine basic economic values for the trophy hunting industry in Namibia for the hunting season in 2000. Some 3 640 trophy hunters spent 15 450 hunter-days, taking 13 310 game animals. Trophy hunting generated at least N$134 million (R134 million or US$19,6 million) in direct expenditures, or gross output. Gross value added directly attributable to the industry is conservatively estimated at some N$63 million (US$9,2 million). Trophy hunting constitutes at least 14% of the total tourism sector and is a significant component of the Namibian economy. Some 24% of the income earned in the trophy hunting industry accrues to poor segments of society in the form of wages and rentals/royalties. About 21% of income generated is captured by the government, through fees and taxes. Trophy hunting is an important contributor to development. More research on the economics of the industry is needed. Keywords: Trophy hunting, Namibia, economic value added, income allocation.