TIRI MASAWI
The Namibian economy recorded its eighteenth consecutive positive growth expanding by about N$3.7 billion , The bank of Namibia said on Friday.
According to the latest Gross Domestic Product figures released by the apex bank growth figures it slowed compared to the corresponding quarter of 2024. “In nominal terms, the size of the Namibian economy was estimated at N$66.4 billion, an expansion of N$3.7 billion compared to the N$62.6 billion recorded in the corresponding quarter of 2024,” the central bank’s Director of Communication and International Relations Kazembire Zemburuka said in a statement.
The central bank said Namibia’s growth rate slowed to 1.9 percent from 2.1 percent in comparison with the corresponding quarter of 2024.
“The slowdown was primarily driven by subdued activity in the mining and agricultural sectors, resulting in a contraction in the primary industry. However, there was a significant rise in uranium output, which partly offset this decline. Within the secondary industries, positive growth was observed in electricity generation; however, this gain was largely offset by declines in construction work and the manufacturing of beverages and blister copper, resulting in only
marginal growth for the secondary industry,” Zemburuka said.
He said the robust output in tertiary industries sustained positive growth during this period, led by financial services, wholesale and retail trade, as well
as activities in the education and health sectors.
“When compared to the previous quarter, however, real GDP growth improved from 1.3 percent, supported by sectors such as electricity and water, wholesale and retail trade, as well as tourism,”Zemburuka said
The central bank said Namibia’s inflation slowed in the third quarter of 2025, driven by a deceleration in food and housing, as well as deflation in transport. “Headline inflation decelerated to 3.4 percent during the quarter under review, from 3.6 percent registered in the preceding quarter. A quarterly decline was observed in the food and housing categories, coupled with deflation in
transport, predominantly in the prices of diesel and petrol. On an annual basis, overall inflation eased further by 0.7 percentage points from 4.1 percent registered in the corresponding quarter of 2024, mainly reflecting a switch to negative inflation in the transport category,” he said.
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