Trade deficit reaches N$3.6 billion in August 2024

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.

October 2, 2024 28

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.

October 2, 2024 19

Business / Economics

Small Livestock Sector Sees 44.9% Drop in Exports for Q2 2024

The small livestock subsector experienced a sharp 44.9% drop in the number of animals marketed to export-approved abattoirs and butchers during Q2 2024, according to the Namibia Statistics Agency. This decline in exports led to a slight contraction in the sector, contrasting with the growth recorded in the same period of 2023. Ipumbu Sakaria from the agency.

September 27, 2024 15

Business / Economics

Namibia Statistics Agency records slow economic activity in Q2

The Namibia Statistics Agency has released the official GDP figures for the second quarter of 2024, covering economic activity from April to June. The economy grew slowly, with secondary industries showing only 1.5 percent growth compared to 7.1 percent in the same quarter of 2023. This slow growth was evident in the "Electricity and Water" sector, which grew by 4.1 percent, and the Manufacturing sector, which grew by just 0.6 […]

September 19, 2024 29

Business / Economics

Namibia exports N$139 million in horticultural products

The Namibia Statistics Agency has released the Agriculture and Fishing Statistical Bulletin during the second quarter of 2024. Namibia exported horticultural products valued at N$ 139.1 million. This, according to NSA spokesperson Mirjam Shihepo, is lower when compared to N$ 167.8 million that was exported in the same quarter of 2023.

September 18, 2024 45

Business / Economics

NSA informal cross-border trade study reveals gender disparities

The Namibia Statistics Agency (NSA) has released the findings of a study conducted in November 2023 on informal cross-border trade. According to the report, Namibia exported goods valued at N$9.1 million and imported goods worth N$1.2 million during the period under review. The NSA's Executive for Economic Statistics, Abel Sindano, emphasized the importance of informal cross-border trade in the region. He said that it plays a critical role in sustaining […]

September 18, 2024 37

Namibia

Sharp Price Increases in Malt Liquor and Energy Sectors

The Namibia Statistics Agency reports a significant 17.5 basis point rise in the producer price index for malt liquor and malt, driving inflation to 12.8% in Q2 2024, up from 2.4% last year. The energy sector also experienced a 9.2% price increase, reversing the previous year's decline. In contrast, overall manufacturing inflation fell by 2.7%, and mining and quarrying saw a deflation rate of 4.2%. Other sectors, including mineral waters […]

August 28, 2024 11

Oshiwambo

Aa Namibia mboka yena uumutse uukulu wa south Africa otaya ka vula oku mona uukwashigwana wa Namibia

Epangelo olya kutha oonkatu oku kwashilipaleka kutya aa Namibia ayehe mboka natango yena uumutse uukulu wa South Africa otaaka pewa uukwashigwana. Omiyalu okuza mo Namibia Statistics Agency odhuulike kutya mo 2016,oohandimwe ya thika 5000 onkee yena uumutse uukulu wa South Africa. Ominista yiikwameni yoshilongo nomatembu okwa tula mopaalamende ontotwaveta yo Regularisation of Status of Certain Residents of Namibia,Their Descendants and Foreign Spouses Bill ohela. Kawana tati Ontotwaveta otayi lalakanene okweenditha […]

August 6, 2024 13

Namibia

Statistics Agency Announces 2025/26 Household Income & Expenditure Survey

The Namibia Statistics Agency has announced that it will conduct the 2025/26 Household Income & Expenditure Survey. This year-long survey aims to account for seasonal variations and will begin with a Pilot Survey from 30 September to 18 October this year. The main fieldwork for the NHIES will take place from 17 March 2025 to the same date in 2026. Iipumbu Sakaria: Manager: Corporate Communications at the Agency.

July 25, 2024 41