Namibia BIP Veränderung zum Vorjahr

The economy of Namibia grew by 2.7% year-on-year in the first quarter of 2025, the slowest expansion since Q1 2021, easing from an upwardly revised 3.6% in Q4 2024. The slowdown was mainly attributed to a contraction in secondary industries, particularly in manufacturing (-1.7%). Growth also decelerated in primary industries, driven by sharp declines in agriculture and forestry (-20.1%) and fishing and fish processing on board (-8.7%). Meanwhile, tertiary industries remained the key driver of growth, supported by strong performances in health (+11.4%), wholesale and retail trade (+6.5%), financial services activities (+6.0%), and administrative and support services (+5.7%). On a seasonally adjusted quarterly basis, GDP contracted by 3.2% in Q1 2025, following a revised 8.1% expansion in the previous quarter.