Without Mining, Namibia’s GDP Remains Stagnant Below N$131 Billion

By: Nghiinomenwa-vali Erastus

 

An in-depth analysis of Namibia’s economic performance from 2015 to 2023 reveals that without contributions from the mining sector, the country’s economy has remained stagnant since 2015.

The comparison, based on Namibia’s yearly Gross Domestic Product (GDP at market prices) data, highlights the country’s output over the years as an indicator of economic diversification. The Villager requested data from the Namibia Statistics Agency (NSA) on the country’s GDP with and without the mining and quarrying sector.

The findings show that, excluding mining and quarrying, Namibia’s economy has struggled to grow, with output consistently below N$131 billion annually.

In 2015, the country produced N$132.3 billion in goods and services without the mining sector, but from 2015 to 2023, GDP without mining has failed to surpass this level, demonstrating stagnation.