WINDHOEK, Dec. 18 (Xinhua) -- Namibia's economy grew by 1.9 percent in the third quarter of 2025, driven mainly by the services sector, according to official data released on Thursday.
The Namibia Statistics Agency (NSA) said the country's gross domestic product expanded to 66.4 billion Namibian dollars (about 4 billion U.S. dollars) in nominal terms, up from 62.6 billion Namibian dollars in the same period last year.
Growth was led by the tertiary sector, which expanded by 4.1 percent, supported by wholesale and retail trade, education, and public administration and defense, according to the NSA.
The secondary sector grew by 1.2 percent, largely due to a 12.5 percent increase in electricity and water, it added.
However, economic activity in the primary sector fell by 6.9 percent, weighed down by contractions in agriculture and forestry as well as mining and quarrying, the NSA said.
On the demand side, private consumption rose by 5.1 percent, while government consumption increased by 4.1 percent, while gross fixed capital formation fell by 3.7 percent, due to lower investment in construction activities, it said.
Exports of goods and services increased by 4.7 percent, but imports rose by a marginal 0.3 percent, leading to a narrowing of the external balance deficit, according to the NSA. ■
