Nam Economy Has Only Expanded by N$14.1bn in 10 Years

By: Nghiinomenwa-vali Hangala

 

From 2015 to 2025, the Namibia economy has only managed to expand by N$14.1 billion in terms of extra goods and services produced, according to real Gross Domestic Production (GDP) figures.

 

The national account figures also show that it took Namibia 8 years to reach the N$150 billion Real GDP mark.

 

Annual Real GDP is the value of goods and services produced in a particular year, adjusted for inflation, which shows real production changes keeping prices constant at a certain base year. Namibia’s base year is 2025.