Namibia's economic growth slows to 3.7 pct in 2024 amid decline in primary industries


  • World
  • Friday, 21 Mar 2025

WINDHOEK, March 20 (Xinhua) -- Namibia's economic growth slowed to 3.7 percent in 2024, down from 4.4 percent in 2023, according to the country's latest Annual National Accounts released by the Namibia Statistics Agency (NSA) on Thursday.

The slower growth was due to a decline in primary industries, which contracted by 1.8 percent compared to a robust 10 percent growth in the previous year, NSA Statistician-General Alex Shimuafeni said in a statement.

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