NSA release First Quarter Gross Domestic Product (GDP) 2013

August 13, 2013, 11:45 am

The Namibia Statistics Agency (NSA) released the Gross Domestic Product (GDP) for the First quarter of 2013. At the press conference today, the Statistician General Dr. John Steytler said the Namibia Economy recorded a slow growth in GDP of only 1.2 percent in the first quarter of 2013 compared to an increase of 5.0 percent registered in the corresponding quarter of 2012. 

This poor performance was brought by declines in fishing, manufacturing, construction and hotels and restaurants.