The Namibian economy expanded by 1.16% in the first quarter of the
The latest statistics were released by the Namibia Statistics Agency
Statistician General John Steytler this morning.
According to the latest Gross Domestic Product the economy
improved significantly as compared 3.8% shrink at the same period
According to the Namibian Statistics Agency the economy was driven
the retail, banking, wholesale, retail, transport and communication
sectors although the mining sector is said to be facing challenges.
“Relative strong performance of the tertiary industry was
mainly reflected in the wholesale and retail trade, transport and
The country also experienced a trade deficit in the month of April of
N$2.2 billion. According to NSA the trade deficit was narrowed down
from a previous a high N$4.1 billion a month earlier.
“We have to reduce our dependency on the primary sector. We have
to do more to stimulate the manufacturing sector” Steytler.