Economic Data

Namibia’s economy slows but tertiary sectors improve

Namibia’s domestic economy slowed to record a growth of 4.2% in 2023, relative to a growth of 5.3% recorded in 2022, according to national accounts figures released by the Namibia Statistics Agency on Tuesday. The Primary and Secondary industries registered growth rates of 9.7% and 2%, respectively, compared to growth rates of 13.7% and 3.4% in the previous year. According to NSA data, the tertiary industries posted an increase of […]

27 March, 2024

World

With nominations decided, Trump leads Biden in US polls; UK Labour far ahead as election approaches

By Adrian Beaumont, The University of Melbourne Joe Biden and Donald Trump have both secured their parties’ nominations for the November 5 United States general election by winning a majority of all delegates to their parties’ conventions, including delegates not yet allocated. Both Biden and Trump won their nominations easily, with Biden taking 86.4% of the national Democratic primary vote in contests so far, far ahead of […]

19 March, 2024

Business / Economics

February 2024 inflation rate drops to 5.0%

Namibia's annual inflation rate for February 2024 decreased to 5.0% from 7.2% in February 2023. According to Namibia Statistics Agency spokesperson Mirjam Shihepo, major contributors to the rate were food and non-alcoholic beverages, transport, alcoholic beverages, and tobacco.

7 March, 2024

Business / Economics

UK economy rebounds in November: official data

Britain's recession-threatened economy rebounded in November from the previous month, official data showed on Friday. Gross domestic product expanded 0.3 percent in November after contracting by 0.3 percent in October, the Office for National Statistics said in a statement. "GDP bounced back..., led by services with retail, car leasing and computer games companies all having a buoyant month," noted ONS chief economist Grant Fitzner. "The longer-term picture remains one […]

12 January, 2024