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    Omanyano ovanhu koikundaneki yomalungula kashili paveta, Commisiner Sakaria takunghilile Veronika Haulenga

Mirjam Shihepo

4 Results / Page 1 of 1

Background

Business / Economics

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.

today27 June, 2025 35

Business / Economics

Trade Deficit Narrows to N$3.6 Billion in August

In August, trade balance recorded a deficit of N$3.6 billion, an improvement from the N$4.9 billion deficit in August 2023 but higher than the N$2.1 billion deficit in July 2024. Exports saw an upward revision, increasing by N$7 million, while imports were adjusted downwards by N$1 million. The rise in export values was primarily driven by increased sales of fish and precious stones. Namibia Statistics Agency spokesperson, Mirjam Shihepo.  

today2 October, 2024 41