Namibia's GDP increases

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Namibia's Gross Domestic Product improved by 4,6% in 2022, compared to 3,5%, witnessed in 2021.

The annual national accounts were revealed during an Economic Statistics Workshop at Nkurenkuru in the Kavango West Region.

The GDP for 2022, measuring the size of the economy, is estimated at N$206,2 billion, compared to N$183,9 billion, recorded in 2021.

That equals a GDP expansion of N$22,3 billion over the year, thanks to improvements recorded in primary, secondary, and tertiary industries.