Economic Data

Inflation Inches Up to 3.4 Percent

The Namibia Statistics Agency’s Mirjam Shihepo reports that headline inflation in November 2025 rose to 3.4 percent from 3 percent in November 2024. Monthly inflation stayed at 0 percent, with Zone 1 recording the lowest annual rate at 3.3 percent, while Zone 2 and Zone 3 both registered 3.4 percent. Shihepo has more.

5 December, 2025

Business / Economics

BoN Sees Slower Growth, Launches Data Hub

The Bank of Namibia projects 3.5% GDP growth this year due to weaker manufacturing and US tariffs on diamonds. Governor Johannes !Gawaxab said gold will be accumulated to strengthen reserves, while Acting Deputy Director Naufiku Hamunime highlighted the launch of the Data Sphere platform for public access to key economic data.

21 August, 2025

Business / Economics

Statistics Agency Reports Major Drop in Trade Deficit

The Statistics Agency reports that Namibia’s trade deficit declined drastically from N$5.5 billion in December 2024 to N$119 million in January 2025. These figures are outlined in the latest International Merchandise Trade Statistics Bulletin. Our correspondent is One Africa TV NewsOnOne's Ellen Shihepo: Watch NewsOnOne weeknights on One Africa TV on GoTv channel 84, DSTv 284 or stream on oneafrica.tv

5 February, 2025

Business / Economics

Morning Biz News Update – 27 January 2025

Namibian Stock Exchange (NSX) Activity On 27 January 2025, the NSX recorded a total volume of 1,575,316 shares traded, valued at N$44.9 million across 34 deals. Financials and Basic Materials were the standout sectors, driving significant trade volumes and values. Year-to-date market activity has reached 4.54 million shares, totaling N$280.17 million across 334 deals. South African Rand Weakens The South African rand weakened yesterday, trading at 18.72 to […]

28 January, 2025

Business / Economics

Namibia reports trade deficit of N$5.5 billion

The Namibia Statistics Agency has released the Namibia International Merchandise Trade Statistics Bulletin for the month of November 2024 which indicates that the country’s exports stood at 12.2 billion and imports at 17.7 billion resulting in the country's trade deficit of 5.5 billion. NSA spokesperson, Mirjam Shihepo.

16 January, 2025

South Africa

South Africa’s Manufacturing Output Drops 0.8% in September

According to Statistics South Africa, the country’s manufacturing output fell by 0.8-percent in September, with the automotive sector largely responsible. This marks the second month of declining output, following a 1.2-percent drop in August. StatsSA’s Nicolai Claassen says production in motor vehicles, parts, and transport equipment fell by 18.7-percent, accounting for a significant portion of the overall decline:

14 November, 2024

Business / Economics

Trade deficit reaches N$3.6 billion in August 2024

The Namibia Statistics Agency has reported a trade balance deficit of N$3.6 billion in August 2024 which is an increase from N$2.1 billion in July and a decrease from N$4.9 billion in August 2023. Exports were adjusted upward by N$7 million, while imports decreased by N$1 million, mainly due to higher export values of fish and precious stones, according to Namibia Statistics Agency spokesperson Mirjam Shihepo.

2 October, 2024

Namibia

Transport, housing, and food drive 4.6% inflation rate

The Namibia Statistics Agency has reported that transport, housing, water, electricity, gas, other fuels, and food and non-alcoholic beverages were the biggest contributors to the 4.6 percent annual inflation rate in July, each contributing 1.0 percentage points. NSA spokesperson Mirjam Shihepo breaks down the numbers. According to the NSA's July 2024 report, inflation rates varied by zone: Zone 2 (Khomas region) had the highest rate at 5.0%, […]

8 August, 2024

Business / Economics

FNB Namibia economist forecasts April inflation

Following the release of the Consumer Price Index for March 2024, which shows the annual inflation rate stood at 4.5% compared to 7.2% recorded in March 2023, by the Namibia Statistics Agency, we contacted Helena Mboti an economist at FNB Namibia to get the bank's inflation forecasts for April 2024.

10 April, 2024