Namibia’s economy grows 2.0 pct in Q1, mining sector drags performance

WINDHOEK, June 25 — Namibia’s real gross domestic product grew 2.0 percent year on year in the first quarter of 2026, slowing from 2.8 percent in the same period last year as contractions in the mining and manufacturing sectors weighed on economic activity, official data showed on Thursday.

According to the Namibia Statistics Agency (NSA), the economy was valued at 70.9 billion Namibian dollars (about 4.2 billion U.S. dollars) in nominal terms during the quarter, up from 66.2 billion Namibian dollars a year earlier.