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Namibia Consumer & Retail Report Q4 2017

Namibia Consumer & Retail Report Q4 2017

BMI View:

An improving economic outlook will bolster Namibia's consumer outlook throughout 2017, with private consumption remaining a key component in growth. Furthermore, elevated inflation levels over the past year are moderating, providing a boost to spending power. Real private consumption growth will remain promising over 2017 and beyond, representing stronger income gains. However, high unemployment poses a significant downside risk to our outlook.

Namibia's consumer outlook will experience stronger growth in 2017 on the back of strengthening real GDP growth. Namibia's economic environment has remained fairly stable since 2010, maintaining a 5.7% y-o-y annual average growth rate between 2010 and 2015. However, the country has seen negative growth over the end of 2016 and into early 2017, which will have a detrimental impact. Over 2017 as a whole, BMI forecasts real GDP growth to pick up to 3.0%, up from 0.2% in 2016. However, much of the return to growth will be based on increased uranium production. Economic growth over 2017 will also be significantly below our 2010-2015 annual average. However, through to the end of our forecast period (2021), we forecast that the country will hold sustainable GDP growth, presenting steady returns for consumer-facing industries.


BMI Industry View
Consumer Outlook
SWOT
Consumer & Retail SWOT
Industry Forecast
Consumer Spending
Total Household Spending
Table: Total Household Spending (Namibia 2015-2021)
Essential/Non Essential Spending
Table: Essential And Non Essential Spending (Namibia 2015-2021)
Food, Drink And Tobacco
Table: Food And Drinks (non-alcoholic, alcoholic and tobacco) Spending (Namibia 2015-2021)
Clothing And Footwear
Table: Clothing And Footwear Spending (Namibia 2015-2021)
Household Goods
Table: Household Goods Spending (Namibia 2015-2021)
Personal Care And Effects
Table: Personal Care And Effects Spending (Namibia 2015-2021)
Tourism Spending
Household Characteristics
Table: Household Income Data (Namibia 2014-2021)
Demographic Forecast
Table: Labour Market Data (Namibia 2014-2021)
Table: Total Population (Namibia 2014-2021)
Market Overview
Retail Trends
Clothing And Footwear
Table: Selected Clothing & Footwear Retailers
Household Goods, Homeware And Home Improvement
Table: Selected Household Goods, Homeware And Home Improvement Retailers
Electronics
Table: Selected Electronics Retailers
Department Stores
Table: Selected Department Stores Retailers
E-Commerce And Online Marketplaces
Table: Selected E-Commerce and Online Marketplaces Retailers
Pharmacies and Drugstores
Table: Selected Pharmacies and Drug Stores
Shopping Centres And Malls
Glossary
Methodology
Industry Forecast Methodology
Sources

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