Economy grew 2% in the first quarter
The country’s economy expanded by 2% in real terms during the first quarter of 2026. The Namibia Statistics Agency (NSA) announced that the country's gross domestic product (GDP) reached N$70.9 billion in nominal terms during the quarter, up N$4.7 billion from N$66.2 billion recorded in the first quarter of 2025.
CHAMWE KAIRA
The country’s economy expanded by 2% in real terms during the first quarter of 2026. The Namibia Statistics Agency (NSA) announced that the country’s gross domestic product (GDP) reached N$70.9 billion in nominal terms during the quarter, up N$4.7 billion from N$66.2 billion recorded in the first quarter of 2025.
Statistician-General and chief executive officer, Alex Shimuafeni said the quarter’s growth was primarily driven by the tertiary industries, which recorded real value-added growth of 5.1%, matching the performance achieved in the same quarter last year.
The strongest-performing service sectors included wholesale and retail trade, which grew by 9.3% compared with 7.5% a year earlier, followed by financial services at 7.2%, up from 1.6%.
