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December 14, 2024
Tag: GDP
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Agriculture sectors contribution to GDP shows consistent growth
There is a revival in the agriculture sector, and its contribution to the gross domestic product (GDP) has picked up and is showing consistent growth. There are, however, some challenges remaining in the agricultural sector, namely the pricing of food owing to geopolitics. The consumer price had increased sharply, but on the other hand, there...
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GDP growth slows in Q2 2023 – Central Bank
The real gross domestic product (GDP growth decelerated, although overall economic activity remained robust year-to-date, a central bank executive said this week. Speaking at a monetary policy announcement, focusing on economic development, the Bank of Namibia, governor, Johannes !Gawaxab said the recently released quarterly national accounts data reveal a growth rate of 3.7%, a slight...
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PSG forecasts 2,2% GDP growth in 2024
PSG wealth Namibia forecasts a 3,8% gross domestic product (GDP) growth for the domestic economy this year, but anticipates slower growth of 2,2% next year. PSG based the projection on its analysis of global headwinds that are poised to put the brakes on Namibia’s exports. “We forecast real GDP growth to slow from 3,8% (previously...
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Namibia’s real GDP surges by 4.6%
The International Monetary Fund says Namibia’s real GDP grew by 4.6% in 2022, with continued expansion expected at a rate of 3.2% this year, which is expected to surpass pre-pandemic levels. Here is UNAM economics lecturer, Dr. Omu Kakujaha-Matundu. The post Namibia’s real GDP surges by 4.6% first appeared on Future Media. Source link
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Simonis sees GDP growing at 3.7% – Windhoek Observer
Chamwe Kaira Simonis Storm has maintained that Namibia’s GDP will grow at 3.7% for 2023 which ranks higher than other forecasts on the economy. Simonis said sentiment has shown an upward shift, notably driven by the promising prospects offered by Namibia’s green hydrogen and oil and gas sectors. “Nevertheless, amidst the multitude of information in...
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NedNamibia expects GDP to reach 3% in 2023 and 3.4% in 2024 – Windhoek Observer
Chamwe Kaira NedNamibia Holdings (NNH) Group, the mother company of Nedbank Namibia expect the South African economy will expand by a lacklustre 0.3% in 2023, firming to only 1% in 2024. Namibia will fare better, but we still forecast economic growth to dip from 4.6% in 2022 to 3% in 2023 and 3.4% in 2024....
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Hydrogen industry expected to contribute US$4.1 billion to GDP by 2030 – !Gawaxab
The Bank of Namibia (BoN) projects that the country’s burgeoning hydrogen industry could contribute US$4.1 billion to Namibia’s gross domestic product (GDP) by 2030, representing a 32% increase compared to estimates without this industry. Speaking to attendees at the Bloomberg ‘Namibia in Focus’ event in Windhoek on Tuesday, the central bank governor, Johannes !Gawaxab, said...
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Experts estimate tourism’s GDP contribution to be 15-18% – Business Express
Following a survey instituted into Namibia’s tourism sector, research experts Simonis Storm has said that despite the survey showing a contribution of about 4% to nominal GDP, they believe the true contribution to be in the region of 15% to 18% of the Namibian economy. Of the eight associations in the industry, the research firm...