Domestic Economy Grows to N$62.4 Billion in Q1 2025

The local economy expanded to N$62.4 billion in the first quarter of this year, up by N$4 billion compared to the same period last year. The Statistics Agency attributes the growth to a strong performance in the tertiary sector, which saw a 5.1% increase in real value added. This marks an improvement from the 4.8% growth recorded in Q1 2024, according to spokesperson Mirjam Shihepo.