Namibia Statistics Agency

June Inflation Eases to 4.6%, Food Inflation at Lowest in a Year

In June, Namibia experienced a decrease in overall inflation to 4.6%, down from 4.9 in May and marking the second lowest rate of the year. Food inflation specifically dropped to 4.0%, the lowest recorded in at least a year, based on newly released data from the Namibia Statistics Agency. However, transport inflation rose sharply to 8.3%, reaching its highest level in the past 12 months, compared to just 0.1% in […]

9 July, 2024

Business / Economics

Namibia’s trade deficit hits N$3.3 billion

The Namibia Statistics Agency’s latest International Merchandise Trade Statistics Bulletin shows that during the month of May 2024, the country’s trade balance stood at a deficit of N$3.3 billion, a worsened trade balance when compared to N$3.1 billion and N$2.9 billion recorded in April 2024 and May 2023, respectively. NSA spokesperson, Mirjam Shihepo. Namibia's trade composition by partner showed that South Africa remained Namibia's largest market for both exports […]

2 July, 2024

Business / Economics

21 June 2024 Morning Biz News: Biz News Roundup: Economic Insights and Market Movements

In the dynamic world of business and finance, staying informed about the latest developments is crucial for making sound decisions. Here's a roundup of the most recent updates shaping economies and markets globally: Namibia Shows Resilient Growth in Q1 2024 Namibia's economy demonstrated robust performance in the first quarter of 2024, with a significant growth of N$5.3 billion, marking a 4.7% real growth rate. According to the Namibia Statistics […]

21 June, 2024

Business / Economics

Primary industries drive Namibia’s Q1 GDP growth

The Namibia Statistics Agency has released Q1 GDP numbers, showing a 4.7% expansion compared to 5.3% in Q1 of 2023. Year-on-year GDP in real terms rose to N$38.9 billion from N$37.2 billion, reflecting a N$1.7 billion increase. Statistician-General Alex Shimuafeni attributes the growth mainly to a 5.1% increase in real value added in the Primary industries sector.

20 June, 2024

Business / Economics

Namibia Statistics Agency releases Q1 2024 producer price data

The Namibia Statistics Agency has presented updates on the quarterly Producer Price Indices for ten industries, including mining of uranium and thorium ores, processing and preserving of meat, manufacture of soft drinks, electric power generation, and water collection, treatment, and supply. The PPI covers the first quarter of 2024. NSA spokesperson, Mirjam Shihepo, has more. Namibia's Mining and Quarrying Producer Price Index (NPPI) for the first quarter of 2024 rose […]

23 May, 2024

Business / Economics

March 2024 export earnings up by 36.5%

The Namibia Statistics Agency has announced that during March 2024, Namibia’s export earnings recorded an increase of 36.5 percent from N$6.1 billion recorded in February 2024 to N$8.3 billion. Moreover, the import bill for the month under review increased by 27.9 percent from N$10.0 billion recorded during the preceding month, resulting in a worsened trade deficit of N$4.5 billion when compared to a trade deficit of N$3.9 billion recorded in […]

2 May, 2024

Namibia

High Rate of Births to Unmarried Parents in Namibia: Statistics Revealed

According to the latest Namibia Vital Statistics Report released by the Namibia Statistics Agency, approximately 72,000 out of roughly 85,000 children born in 2021 were born to unmarried parents. This statistic highlights that 84% of children registered with the Ministry of Home Affairs, Immigration, Safety, and Security in that year were born to single parents. Experts have noted that factors such as unplanned pregnancies and teenage pregnancies contribute significantly to […]

25 April, 2024

Namibia

Namibia Statistics Agency releases Vital Statistics Report

The Namibia Statistics Agency has released (24 April 2024) the Vital Statistics Report on births, marriages, and deaths 2018-2021. This comes as the country adopted the resolution from the 8th Conference of the African Ministers responsible for Civil registration in 2014 to produce regular statistical reports based on the civil registration data regardless of the level of completeness. NSA spokesperson Mirjam Shihepo.

24 April, 2024

Namibia

Namibia Statistics Agency to release ‘Vital Statistics Report’

The Namibia Statistics Agency will be releasing the Vital Statistics Report, on 24 April 2024 which is on birds, marriages, and deaths 2018-2021. This comes as the country adopted the resolution from the 8th Conference of the African Ministers responsible for Civil registration in 2014 to produce regular statistical reports based on the civil registration data regardless of the level of completeness. NSA spokesperson Mirjam Shihepo has more.

22 April, 2024