{"id":94315,"date":"2025-10-02T13:48:53","date_gmt":"2025-10-02T13:48:53","guid":{"rendered":"https:\/\/www.africa-press.net\/namibia\/all-news\/namibias-economy-grows-to-n64-8-billion-in-three-months"},"modified":"2025-10-02T14:51:44","modified_gmt":"2025-10-02T14:51:44","slug":"namibias-economy-grows-to-n64-8-billion-in-three-months","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/namibia\/all-news\/namibias-economy-grows-to-n64-8-billion-in-three-months","title":{"rendered":"Namibia’s Economy Grows to N$64.8 Billion in Three Months"},"content":{"rendered":"

Africa-Press – Namibia. <\/strong><\/span>In the last three months (between April and June) the size of the country\u2019s economy grew to N$64.8 billion.<\/b><\/p>\n

This is N$6 billion more than the same quarter last year.<\/p>\n

However, there has been a slowdown in growth due to a decline in manufacturing, fishing and agriculture.<\/p>\n

According to the latest Bank of Namibia quarterly report, the year-on-year real growth rate slowed to 1.6% in the second quarter of 2025 from 3.3% recorded in the second quarter of 2024 and 2.8% in the first quarter of 2025.<\/p>\n

\u201cThe weaknesses were observed in manufacturing, fishing and fish processing on board, and agriculture, which registered contractions during the period under review,\u201d says the report.<\/p>\n

The report shows that among the primary industries, only mining managed to record growth. This was primarily from uranium.<\/p>\n

On the other hand, the manufacturing industry struggled, with the blister copper, and diamond cutting and polishing sectors performing poorly.<\/p>\n

However, other secondary industries such as electricity, water and construction also had some growth.<\/p>\n

The tertiary industries maintained a steady performance, with growth in the wholesale and retail trade, education and finance sectors.<\/p>\n

On the inflation front, the country recorded a decline in inflation for the last three months mostly due to a slowdown in transport inflation.<\/p>\n

This can be attributed to the prices of fuel which have remained steady for over four months.<\/p>\n

\u201cNamibia\u2019s annual inflation declined both quarter on quarter and year on year during the second quarter of 2025, with headline inflation falling to 3.6% from 3.7% in the previous quarter.<\/p>\n

This disinflationary trend was mainly reflected in a steep contraction in transport inflation,\u201d says the report.<\/p>\n

However, food and housing saw an increase in prices.<\/p>\n

In the financial sector, broad money supply growth slowed with a decline in both net foreign assets and domestic claims.<\/p>\n

\u201cAnnual growth in the broad money supply slowed to 7.6% at the end of the second quarter of 2025, compared to 10.1%. The overall cash holdings of commercial banks declined, largely due to corporate tax payments at the end of the quarter,\u201d says the report.<\/p>\n

However, private sector credit extension increased from 5% to 5.7%<\/p>\n

This was mainly from a rise in credit demand in the real estate sector, and a more accommodative monetary policy rate which stood at 6.75%.<\/p>\n

For More News And Analysis About Namibia<\/span> Follow Africa-Press<\/span><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Namibia. In the last three months (between April and June) the size of the country\u2019s economy grew to N$64.8 billion. This is N$6 billion more than the same quarter last year. However, there has been a slowdown in growth due to a decline in manufacturing, fishing and agriculture. According to the latest Bank […]<\/p>\n","protected":false},"author":84,"featured_media":94314,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[233],"class_list":["post-94315","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-namibia"],"yoast_head":"\nNamibia's Economy Grows to N$64.8 Billion in Three Months - Namibia<\/title>\n<meta name=\"description\" content=\"In the last three months (between April and June) the size of the country\u2019s economy grew to N$64.8 billion. This ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/namibia\/all-news\/namibias-economy-grows-to-n64-8-billion-in-three-months\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Namibia's Economy Grows to N$64.8 Billion in Three Months\" \/>\n<meta property=\"og:description\" content=\"In the last three months (between April and June) the size of the country\u2019s economy grew to N$64.8 billion. This ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/namibia\/all-news\/namibias-economy-grows-to-n64-8-billion-in-three-months\" \/>\n<meta property=\"og:site_name\" content=\"Namibia\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2025-10-02T13:48:53+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-10-02T14:51:44+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nambia\/sites\/29\/2025\/10\/sm_1759403830.597207.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"751\" \/>\n\t<meta property=\"og:image:height\" content=\"451\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/namibias-economy-grows-to-n64-8-billion-in-three-months#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/namibias-economy-grows-to-n64-8-billion-in-three-months\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Namibia’s Economy Grows to N$64.8 Billion in Three Months\",\"datePublished\":\"2025-10-02T13:48:53+00:00\",\"dateModified\":\"2025-10-02T14:51:44+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/namibias-economy-grows-to-n64-8-billion-in-three-months\"},\"wordCount\":389,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/namibias-economy-grows-to-n64-8-billion-in-three-months#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nambia\/sites\/29\/2025\/10\/sm_1759403830.597207.jpg\",\"keywords\":[\"namibia\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/namibia\/all-news\/namibias-economy-grows-to-n64-8-billion-in-three-months#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/namibias-economy-grows-to-n64-8-billion-in-three-months\",\"url\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/namibias-economy-grows-to-n64-8-billion-in-three-months\",\"name\":\"Namibia's Economy Grows to N$64.8 Billion in Three Months - Namibia\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/namibias-economy-grows-to-n64-8-billion-in-three-months#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/namibias-economy-grows-to-n64-8-billion-in-three-months#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nambia\/sites\/29\/2025\/10\/sm_1759403830.597207.jpg\",\"datePublished\":\"2025-10-02T13:48:53+00:00\",\"dateModified\":\"2025-10-02T14:51:44+00:00\",\"author\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"description\":\"In the last three months (between April and June) the size of the country\u2019s economy grew to N$64.8 billion. This ...\",\"breadcrumb\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/namibias-economy-grows-to-n64-8-billion-in-three-months#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.africa-press.net\/namibia\/all-news\/namibias-economy-grows-to-n64-8-billion-in-three-months\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/namibias-economy-grows-to-n64-8-billion-in-three-months#primaryimage\",\"url\":\"https:\/\/static.africa-press.net\/nambia\/sites\/29\/2025\/10\/sm_1759403830.597207.jpg\",\"contentUrl\":\"https:\/\/static.africa-press.net\/nambia\/sites\/29\/2025\/10\/sm_1759403830.597207.jpg\",\"width\":751,\"height\":451,\"caption\":\"Namibia's Economy Grows to N$64.8 Billion in Three Months\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/namibias-economy-grows-to-n64-8-billion-in-three-months#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.africa-press.net\/namibia\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Namibia’s Economy Grows to N$64.8 Billion in Three Months\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/#website\",\"url\":\"https:\/\/www.africa-press.net\/namibia\/\",\"name\":\"Namibia\",\"description\":\"Just another Africa News Agency Sites site\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.africa-press.net\/namibia\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\",\"name\":\"cfeditoren\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"caption\":\"cfeditoren\"}}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Namibia's Economy Grows to N$64.8 Billion in Three Months - Namibia","description":"In the last three months (between April and June) the size of the country\u2019s economy grew to N$64.8 billion. This ...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.africa-press.net\/namibia\/all-news\/namibias-economy-grows-to-n64-8-billion-in-three-months","og_locale":"en_US","og_type":"article","og_title":"Namibia's Economy Grows to N$64.8 Billion in Three Months","og_description":"In the last three months (between April and June) the size of the country\u2019s economy grew to N$64.8 billion. This ...","og_url":"https:\/\/www.africa-press.net\/namibia\/all-news\/namibias-economy-grows-to-n64-8-billion-in-three-months","og_site_name":"Namibia","article_publisher":"https:\/\/www.facebook.com\/AfricaPressTunisiaa","article_published_time":"2025-10-02T13:48:53+00:00","article_modified_time":"2025-10-02T14:51:44+00:00","og_image":[{"width":751,"height":451,"url":"https:\/\/static.africa-press.net\/nambia\/sites\/29\/2025\/10\/sm_1759403830.597207.jpg","type":"image\/jpeg"}],"author":"cfeditoren","twitter_card":"summary_large_image","twitter_misc":{"Written by":"cfeditoren","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.africa-press.net\/namibia\/all-news\/namibias-economy-grows-to-n64-8-billion-in-three-months#article","isPartOf":{"@id":"https:\/\/www.africa-press.net\/namibia\/all-news\/namibias-economy-grows-to-n64-8-billion-in-three-months"},"author":{"name":"cfeditoren","@id":"https:\/\/www.africa-press.net\/namibia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"headline":"Namibia’s Economy Grows to N$64.8 Billion in Three Months","datePublished":"2025-10-02T13:48:53+00:00","dateModified":"2025-10-02T14:51:44+00:00","mainEntityOfPage":{"@id":"https:\/\/www.africa-press.net\/namibia\/all-news\/namibias-economy-grows-to-n64-8-billion-in-three-months"},"wordCount":389,"commentCount":0,"image":{"@id":"https:\/\/www.africa-press.net\/namibia\/all-news\/namibias-economy-grows-to-n64-8-billion-in-three-months#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/nambia\/sites\/29\/2025\/10\/sm_1759403830.597207.jpg","keywords":["namibia"],"articleSection":["all news","economy"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.africa-press.net\/namibia\/all-news\/namibias-economy-grows-to-n64-8-billion-in-three-months#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.africa-press.net\/namibia\/all-news\/namibias-economy-grows-to-n64-8-billion-in-three-months","url":"https:\/\/www.africa-press.net\/namibia\/all-news\/namibias-economy-grows-to-n64-8-billion-in-three-months","name":"Namibia's Economy Grows to N$64.8 Billion in Three Months - Namibia","isPartOf":{"@id":"https:\/\/www.africa-press.net\/namibia\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.africa-press.net\/namibia\/all-news\/namibias-economy-grows-to-n64-8-billion-in-three-months#primaryimage"},"image":{"@id":"https:\/\/www.africa-press.net\/namibia\/all-news\/namibias-economy-grows-to-n64-8-billion-in-three-months#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/nambia\/sites\/29\/2025\/10\/sm_1759403830.597207.jpg","datePublished":"2025-10-02T13:48:53+00:00","dateModified":"2025-10-02T14:51:44+00:00","author":{"@id":"https:\/\/www.africa-press.net\/namibia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"description":"In the last three months (between April and June) the size of the country\u2019s economy grew to N$64.8 billion. This ...","breadcrumb":{"@id":"https:\/\/www.africa-press.net\/namibia\/all-news\/namibias-economy-grows-to-n64-8-billion-in-three-months#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.africa-press.net\/namibia\/all-news\/namibias-economy-grows-to-n64-8-billion-in-three-months"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/namibia\/all-news\/namibias-economy-grows-to-n64-8-billion-in-three-months#primaryimage","url":"https:\/\/static.africa-press.net\/nambia\/sites\/29\/2025\/10\/sm_1759403830.597207.jpg","contentUrl":"https:\/\/static.africa-press.net\/nambia\/sites\/29\/2025\/10\/sm_1759403830.597207.jpg","width":751,"height":451,"caption":"Namibia's Economy Grows to N$64.8 Billion in Three Months"},{"@type":"BreadcrumbList","@id":"https:\/\/www.africa-press.net\/namibia\/all-news\/namibias-economy-grows-to-n64-8-billion-in-three-months#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.africa-press.net\/namibia\/"},{"@type":"ListItem","position":2,"name":"Namibia’s Economy Grows to N$64.8 Billion in Three Months"}]},{"@type":"WebSite","@id":"https:\/\/www.africa-press.net\/namibia\/#website","url":"https:\/\/www.africa-press.net\/namibia\/","name":"Namibia","description":"Just another Africa News Agency Sites site","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.africa-press.net\/namibia\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.africa-press.net\/namibia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb","name":"cfeditoren","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/namibia\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","caption":"cfeditoren"}}]}},"_links":{"self":[{"href":"https:\/\/www.africa-press.net\/namibia\/wp-json\/wp\/v2\/posts\/94315","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.africa-press.net\/namibia\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.africa-press.net\/namibia\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/namibia\/wp-json\/wp\/v2\/users\/84"}],"replies":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/namibia\/wp-json\/wp\/v2\/comments?post=94315"}],"version-history":[{"count":0,"href":"https:\/\/www.africa-press.net\/namibia\/wp-json\/wp\/v2\/posts\/94315\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/namibia\/wp-json\/wp\/v2\/media\/94314"}],"wp:attachment":[{"href":"https:\/\/www.africa-press.net\/namibia\/wp-json\/wp\/v2\/media?parent=94315"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.africa-press.net\/namibia\/wp-json\/wp\/v2\/categories?post=94315"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.africa-press.net\/namibia\/wp-json\/wp\/v2\/tags?post=94315"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}