GDP growth slows to 1.6 per cent in second quarter

NAMPA

2025-09-30

WINDHOEK, 31 December 2024 - Some parents got their early back to school shopping done on Tuesday. (Photo by: Justina Shuumbwa) NAMPA

WINDHOEK, 30 SEP (NAMPA) – Namibia’s economy expanded by 1.6 per cent year-on-year in the second quarter of 2025, a slowdown from 2.8 per cent in the first quarter and 3.3 per cent in the same period of 2024.
This is according to a report issued by First National Bank of Namibia (FNB) on Monday.
The report stated that the weaker outcome was broad-based, with mining the only sector recording stronger growth than last year. Household spending contr...

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