Alex Shimuafeni

Namibian Economy increases by N$1.1 billion over a year

Namibian Economy increases by N$1.1 billion over a year

Tujoromajo Kasuto The size of the Namibian economy increased by N$ 1.1 billion over a year after it was estimated at N$ 45.0 billion in the third quarter relative to the N$ 43.9 billion posted in the same quarter of 2020. This is revealed by the Namibia Statistics Agency (NSA) in the new economic statistics released yesterday. NSA’s Statistician General and Chief Executive Officer (CEO), Alex Shimuafeni, says the domestic economy remained in a positive trajectory in the third quarter of 2021, recording a growth of 2.4 percent compared to a decline of 12.3 percent recorded in the corresponding quarter…
Read More
Namibia’s economy takes N$1.1 billion knock

Namibia’s economy takes N$1.1 billion knock

Staff Writer N$1.1 billion has been wiped out of the Namibian economy, largely attributed to the effects of COVID-19, third quarter figures from the Namibia Statistics Agency (NSA) show. “In nominal terms, the size of the Namibian economy as measured by GDP at current prices was estimated at N$ 44.7 billion in the quarter under review relative to N$ 45.8 billion posted in the same quarter of 2019. This shows that GDP size shrunk by N$ 1.1 billion,” NSA Statistician - General and CEO, Alex Shimuafeni announced on Thursday. “The third quarter of 2020 (July – September) is characterized by…
Read More
October inflation slows to 2.3%

October inflation slows to 2.3%

Staff Writer The Namibia statistics Agency (NSA) has announced that the October 2020 annual inflation rate slowed to 2.3 percent from 3.0 percent recorded in October 2019. “The slow growth in the annual inflation rate for October 2020 was mainly as a result of declines in the price levels of Clothing and footwear (from 0.9 percent to -6.1 percent); Housing, water, electricity, gas and other fuels (from 1.9 percent to -1.3 percent) and Transport (from 1.5 percent to -1.2 percent), ” NSA Statistician-General & CEO, Alex Shimuafeni said. “Further, prices of the Health category reflected a slowdown in October 2020…
Read More