Nominal GDP up to N$72 bn, but real output shrank year-on-year for the first time in 2025. Inflation, not growth, moved the headline.
Mining's share echoes uranium's lead in the trade composition. The Q4 contraction is not yet visible in March trade flow.
Manufacturing and trade together carry roughly a quarter of output — both labour-heavy. A real contraction puts pressure on hours worked.
Mining and agriculture together contributed N$14.4 bn of output. The country's ground and water remain the largest single source of value.
Per-capita quarterly output around N$26,000 at market prices — before tax, distribution, and the household-versus-business split.
China
South Africa
The deficit pulls on FX reserves and the rand-pegged Namibian dollar.
Imports outpaced exports by 17%. Uranium and gold did most of the surplus work; petroleum and vehicles, most of the deficit.
Petroleum imports mean fuel-pricing pressure on transport, retail and household budgets.
Surplus driven by uranium, gold, fish — what comes from below ground or out of the sea.
Wage zones in Erongo and Karas held by mining and fishing strength; urban households absorb the fuel-cost pass-through.
Namibians at work. Joining a future issue.
What the country yields. Joining a future issue.
Demographics, urbanisation, and migration. Joining a future issue.
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