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Analysis by Region - Emerging Markets - Namibia

Publisher Oxford Economics
Published Jul 11, 2025
Length 6 Pages
SKU # OFE20204942

Description

The services sector and non-diamond mining output continue to drive the Namibian economy. Still, these sectors face some headwinds this year as the domestic monetary easing cycle that buoyed services growth concludes and US protectionist measures rattle global trade and commodity markets. Diamond mining and the livestock subsector also endure pressure. Consequently, we have lowered our 2025 real GDP growth forecast slightly to 2.9% from 3.0% previously.

Table of Contents

6 Pages
Namibia: Mixed fortunes and global uncertainty taint outlook
Forecast overview
Recent developments
Short-term outlook
Key drivers of our short-term forecast
Economic risk
Economic risk evaluation
Background
Economic development
Structure of the economy
Balance of payments
Policy and politics

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