Namibia

Namibia GDP expanded by 1.9% YoY in Q4 2022, slower than the downwardly revised 3.9% rise in the previous quarter. That marks the weakest growth in the current seven-quarter sequence that started in Q2 2021 due to a decline in manufacturing, construction, and financial intermediation. Overall, the economy advanced by 4.6% in 2022, the highest growth rate since 2014, mainly boosted by primary activities.