Namibia’s 2023 third quarter gross domestic product (GDP) stood at N$38,7 billion compared to N$36,1 billion over the same period in 2022.
This is according to the Namibian Statistics Agency’s GDP report released on Thursday.
This is a N$2,6 billion growth from last year during the same period.
According to the report, GDP expanded by 7,2% compared to 5,4% in the corresponding quarter of 2022.
“The positive performance is mainly attributable to the primary industry, which recorded an expansion of 38,3% in real value added.”
The report further showed that the mining and quarrying sector was the main contributor to the increase in economic activities.
Additionally, the agriculture and forestry sector rebounded to record growth of 19,9% due to the recovery in the livestock subsector, posting growth of 25,6% in real value added.
This is attributed to improved livestock marketing during the period under review.
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