Namibia GDP Growth Rate YoY
Namibia is a small country with a reasonably open economy and a wealth of mineral riches to its credit. The services sector accounts for around 60% of GDP. Wholesale and retail commerce (13%), public administration and defense (11%), education (9%), and real estate (8%) are the most important services sectors in the economy. Mining and quarrying (mostly diamonds and uranium) make for 12.3% of total production, manufacturing accounts for 12.3%, and agriculture and fishing account for 9% of total output.
A higher than expected figure should be seen as positive (bullish) for the NAD while a lower than expected figure should be seen as negative (bearish) for the NAD.
Category:
GDP Annual Growth Rate
Units:
Percent
Latest Release
Previous:
3.2%
Consensus:
5.6%
Actual:
4.4%
Next Release
No data
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