BoN maintains 2026 GDP growth projection at 2.6%
The Bank of Namibia has maintained its growth projections at 2.6% for 2026 and 2.9% for 2027, supported by expected gains in uranium mining, wholesale and retail trade, financial services, and public administration and defence.
CHAMWE KAIRA
The Bank of Namibia has maintained its growth projections at 2.6% for 2026 and 2.9% for 2027, supported by expected gains in uranium mining, wholesale and retail trade, financial services, and public administration and defence.
However, the central bank has warned that domestic economic activity weakened in the first four months of 2026, particularly in mining, manufacturing, tourism, electricity generation, construction, and communications.
According to data cited by the Bank of Namibia, Namibia’s merchandise trade deficit widened to N$11.723 billion in the first four months of 2026, compared to N$11.267 billion over the same period in 2025, reflecting a 4% deterioration.
