Positive economic growth recorded in 2022
Namibia recorded positive economic growth in 2022, despite the impact of adverse economic conditions.
This, according to Economist Ruusa Nandago, is largely due to a 22% increase in the mining sector.
Many Namibians experienced the devastating impact of income loss due to numerous economic shocks across the world over the past three years.
Meanwhile, Namibia's mining sector saw the commissioning of the biggest diamond vessel yet built, as well as high commodity prices and export earnings.