Namibia Statistics Agency

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

Namibia

NSA Data Shows Fish Tops Namibia’s Export List in February

Recent data released by the Namibia Statistics Agency reveals that fish was the most exported commodity in February 2024, constituting 22.5% of the country's total export of goods. According to the Namibia Merchandise Trade Statistics Bulletin, fish was predominantly exported to Spain, the Democratic Republic of the Congo, and Zambia. Non-monetary gold ranked second, representing 17.6% of total exports, with all exports directed to South Africa. Copper and articles of […]

3 April, 2024

Business / Economics

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

Namibia

National youth population increases

According to the 2023 Population and Housing Preliminary Report by the Namibia Statistics Agency, the country's population has almost doubled since independence, reaching 3.02 million in 2023. With the country’s youth making up 2.1 million of the population, labour experts, like Herbert Jauch, are foreseeing continued issues of youth unemployment, poverty, and inequality in the future.

14 March, 2024

Namibia

Namibia’s Youthful Demographic Challenges: Population Hits Three Million

Alex Shimuafeni, the statistician general of the Namibia Statistics Agency, has disclosed that Namibia's population has reached three million, with a significant portion of 2.1 million being young individuals. This demographic trend is anticipated to perpetuate issues such as youth unemployment, poverty, and inequality, according to experts. The data unveiled an increase in the country's population from 2.1 million in 2011 to three million in 2023. Statistics indicate that 71.1% […]

14 March, 2024

Namibia

Namibia’s population increases to more than 3 million

According to the 2023 Namibia Population and Housing Census conducted by the Namibia Statistics Agency, the country’s total population on 24 September 2023, stood at 3,022,401 (three million twenty-two thousand four hundred one). The enumeration period spanned from September 25 to October 6, 2023. Preliminary findings reveal that females make up 51.2% of the population, while males account for 48.8%. Statistician-General, Alex Shimuafeni says the final results may slightly differ from […]

13 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

Namibia

Spotlighting employment opportunities in the agricultural sector

By Josef Kefas Sheehama Namibia still desperately needs to improve agricultural production systems and tackle the threats of climate change and uncertainty. Agriculture remains the backbone for sustained economic growth, to provide quality livelihoods, and high living standards for the population. The Agriculture, Land Reform, and Water Ministry have been allocated N$1.9 billion which is not sufficient. This includes N$50 million dedicated for land purchase to address the plight of […]

6 March, 2024

Namibia

Khomas tops prices for bread and oil

Residents of Khomas referred to as Zone 2, have experienced a slightly higher inflation rate of 5.7%, while those in the northern regions, known as Zone 1, saw a slightly lower rate of 5.5%. The southern regions, or Zone 3, which includes Omaheke and Erongo, experienced the lowest inflation at 5%. According to Namibia Statistics Agency spokesperson, Mirjam Shihepo, in terms of consumer goods prices, Khomas stood out with the […]

8 February, 2024