11
Sep
Staff Writer The size of the Namibian economy is estimated to have grown by N$225 million, from N$181.0 billion in 2018 to N$ 181.2 billion in 2019, the latest Namibia Statistics Agency (NSA) annual national accounts estimates show. This comes as Namibia’s gross domestic product (GDP) contracted by 1.6 percent in 2019 compared to a growth of 1.1 percent recorded in 2018. “The contractionary performance of the economy in 2019 was mainly due to the Primary industries that declined by 8.9 percent. The contraction in the Primary industries was observed across all sectors namely ‘Mining and quarrying’ (-11.1 percent) and…