Namibia: Economy Shows Moderate Growth in 2023 – NSA

The Namibia Statistics Agency (NSA) released its 2023 Gross Domestic Product (GDP) and Economic Statistics report on Tuesday, revealing a steady but moderate growth trajectory for the country’s economy.

According to the report, the economy expanded by 4.2% in 2023, compared to a growth rate of 5.3% in the previous year. Despite the slight decrease, the economy continued to show positive momentum.

The nominal size of the economy reached N$227.8 billion in 2023, marking an increase of N$22.3 billion…