2019 Preliminary Annual National Accounts (Namibia)

In 2019 the economy contracted by 1.1 percent compared to a growth of 0.7 percent registered in 2018. In nominal terms, the GDP expanded slightly by 0.4 percent to N$178,677 million in 2019 from N$178,052 million recorded in 2018. Although most of the sub-sectors activities in the Tertiary industries declined, the overall industries slightly improved, posting a growth of 0.6 percent from a decline of 1.4 percent registered in 2018.