GDP Growth and Public Finance in Namibia: FY2019/20

Since independence in 1990, Namibia has become a growing economy which is driven by mining and fish processing. Furthermore, exports in fish products, zinc, uranium and diamonds products have grown strongly. Namibia has faced declining economic growth since 2015 due to contractions in the key growth sectors such as construction, wholesale and retail trade, manufacturing and utilities. As a result, real GDP declined from 6.0% in 2015 to its low point of a -1.2% contraction in 2017.