insert_link 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 […] today19 September, 2024
insert_link Business / Economics South Africa’s current-account deficit narrows South Africa’s current account deficit narrowed more than expected in the second quarter as the rand price of exported goods and services increased more than that of the imports gap on the current account. The South African Reserve Bank on Thursday said that the broadest measure of trade in goods and services shrank to 0.9% of GDP, or 64.6 billion rand, down from a revised 1.5% of GDP in the […] today5 September, 2024
insert_link 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. today20 June, 2024
