Namibia

Namibia updated its economic outlook, revising growth to 3.6% for 2024 and 5.4% for 2025, up from previous projections. The budget deficit is forecast to narrow to 3.2% of GDP in 2024-25, averaging 3.5% over the next three years. Public debt is projected to decrease to 62.1% of GDP from 65.1% in the prior year, continuing its downward trend.