Namibia’s economy contracted by 1.1% in 2019 compared to growth of 0.7 percent in 2018, as the worst drought in a century took its toll, the central bank said on Thursday.

Namibia’s economy contracted by 1.1% in 2019 compared to growth of 0.7 percent in 2018, as the worst drought in a century took its toll, the central bank said on Thursday.


The contraction was mainly due to its primary industries, which declined by 7.8% in 2019 compared with an increase of 8.5% in 2018, preliminary national accounts figures released by the statistics office showed.


Get more stories like this on Twitter

AD: To get thousands of free final year project topics and other project materials sorted by subject to help with your research [click here]


More Stories