The purpose of this study is to analyse the economic impacts of hunting tourism in Namibia. The economic impacts of hunting that takes place in communal land conservancies and on private lands, respectively, are studied, as well as the distribution of these impacts between different sectors and groups in the country. The study is based on data from a survey of hunters who visited Namibia during a five-year period. The income generated by hunting tourism, and the distribution of this income, are analysed using a recently developed Social Accounting Matrix (SAM). In aggregate, an extra N$ in spending by survey respondents translates into approximately one extra N$ in national income, and an average survey respondent's spending raised overall national income by an amount corresponding to two to three years' income for an average Namibian. The additional income generated by hunting tourism and associated tourism benefits rural households and urban wage earners to a greater extent, and capital owners to a lesser extent, than the average income distribution in the economy.