GROSS DOMESTIC PRODUCT FIRST QUARTER 2020 · 2020-06-11 · Gross Domestic Product (GDP) estimates...

54
Namibia Stascs Agency P.O. Box 2133, FGI House, Post Street Mall, Windhoek, Namibia Tel: +264 61 431 3200 Fax: +264 61 431 3253 Email: [email protected] www.nsa.org.na GROSS DOMESTIC PRODUCT FIRST QUARTER 2020

Transcript of GROSS DOMESTIC PRODUCT FIRST QUARTER 2020 · 2020-06-11 · Gross Domestic Product (GDP) estimates...

Page 1: GROSS DOMESTIC PRODUCT FIRST QUARTER 2020 · 2020-06-11 · Gross Domestic Product (GDP) estimates assist in the analysis of short-term movements in the economy, as opposed to the

1GROSS DOMESTIC PRODUCT - FIRST QUARTER 2020

Namibia Statistics AgencyP.O. Box 2133, FGI House, Post Street Mall,Windhoek, Namibia

Tel: +264 61 431 3200Fax: +264 61 431 3253

Email: [email protected]

GROSS DOMESTIC PRODUCT

FIRST QUARTER 2020

Page 2: GROSS DOMESTIC PRODUCT FIRST QUARTER 2020 · 2020-06-11 · Gross Domestic Product (GDP) estimates assist in the analysis of short-term movements in the economy, as opposed to the

GROSS DOMESTIC PRODUCT - FIRST QUARTER 20202

Vision Statement

“To be a high performance institution in quality statistics delivery”

Core Values

Integrity Excellent Performance

Accuracy

Team Work

Accountability

Transparency

Mission Statement

“Leveraging on partnerships and innovative technologies, to produce and disseminate relevant, quality, timely statistics and spatial data that are fit-for-purpose in accordance with international standards and best practice”

Page 3: GROSS DOMESTIC PRODUCT FIRST QUARTER 2020 · 2020-06-11 · Gross Domestic Product (GDP) estimates assist in the analysis of short-term movements in the economy, as opposed to the

3GROSS DOMESTIC PRODUCT - FIRST QUARTER 2020

Preface ................................................................................................................4

1 Introduction ...................................................................................................5

2 Revisions .......................................................................................................6

3 Data sources and timeliness ..........................................................................7

4 Key findings ...................................................................................................7

4.1 Agriculture and forestry .................................................................................9

4.2 Fishing and fish processing on board ..........................................................11

4.3 Mining and quarrying ..................................................................................13

4.4 Manufacturing .............................................................................................17

4.5 Electricity and water ....................................................................................20

4.6 Construction .................................................................................................24

4.7 Wholesale and retail trade ..........................................................................27

4.8 Hotels and restaurants ................................................................................29

4.9 Transport and storage ..................................................................................31

4.10 Information and communications ............................................................35

4.11 Financial Services activities .......................................................................36

4.12 Real Estate activities and Professional, scientific & technical Services ....38

4.13 Administrative and support service ..........................................................41

Appendix 1 Methodological Notes .................................................................46

Table of Contents

Page 4: GROSS DOMESTIC PRODUCT FIRST QUARTER 2020 · 2020-06-11 · Gross Domestic Product (GDP) estimates assist in the analysis of short-term movements in the economy, as opposed to the

This publication presents an overview of economic developments during the first quarter of 2020. Quarterly Gross Domestic Product (GDP) estimates assist in the analysis of short-term movements in the economy, as opposed to the annual GDP that provides in-depth and comprehensive view of the changes in the economy. Quarterly National Accounts (QNA) adopts the same concepts, definitions and structure as Annual National Accounts (ANA).

The domestic economy performance remained subdued in the first quarter of 2020, recording a contraction of 0.8 percent compared to a decline of 3.3 percent recorded in the corresponding period of 2019.

Albeit a contraction, the recovery in the domestic economy is due to Education, Health, ‘Electricity and water’ and Fishing sectors that registered positive growths of 5.8 percent, 2.3 percent, 1.6 percent and 3.1 percent respectively. Furthermore, improved performance was recorded in ‘Information and communication’ and Construction sectors that posted growth rates of 6.2 percent, and 19.8 percent, respectively.

However, ‘Agriculture and forestry’, ’Mining and quarrying’, ‘Transport and storage’ and Manufacturing sectors recorded declines in real value added of 13.0 percent, 3.3 percent, 7.0 percent, and 8.3 percent, respectively. Additionally, declines were also reflected in ‘Wholesale and retail trade’ and ‘Hotels and restaurants’, ‘Administrative and support services’ and Public administration sectors.

Having pursued a fiscal consolidation policy, government is showing mixed signs of relaxing this policy and is reflected in the improved performance of ‘Education’ and ‘Health’ sectors however ‘Public administration and defence’ registered a decline in real value added. All the former two sectors posted positive growth of 5.8 percent, 2.3 percent and a decline of 2.5 percent for latter.

In real terms, GDP stood at N$ 34 971 million compared to N$ 35 239 million in the first quarter of 2019, shrinking by N$268 million whereas in nominal terms, GDP slowed to N$ 43 708 million when compared to N$ 44 087 million in first quarter of 2019, showing a decline of N$ 380 million.

I would therefore like to emphasise the importance of accurate and timely delivery of data from our stakeholders in the private and public sectors to the Namibia Statistics Agency (NSA), on which the compilation of quarterly GDP depends. I wish to express my appreciation to all the data providers; both institutions and individuals, without whose contributions the publication would not have been possible.

Alex ShimuafeniStatistician-General & CEO Windhoek, June 2020

GROSS DOMESTIC PRODUCT - FIRST QUARTER 20204

PREFACE

Page 5: GROSS DOMESTIC PRODUCT FIRST QUARTER 2020 · 2020-06-11 · Gross Domestic Product (GDP) estimates assist in the analysis of short-term movements in the economy, as opposed to the

1 IntroductionThe main purpose of compiling quarterly national accounts is to provide a timely and frequent picture of economic developments, unlike the annual national accounts that is published once a year. Quarterly data determine the short-term movements in the series, while the annual data determine the overall level and long-term movements in the series. In principle, the only difference between quarterly and annual national accounts is the reference period and the scope of coverage, where the annual national accounts provides a more comprehensive scope of data coverage.

The definitions and conceptual frameworks, as well as the accounts and accounting identities of the 2008 System of National Accounts (SNA2008) are followed for both accounts. The NSA started the compilation of quarterly GDP at constant prices as a first step in compiling full quarterly national accounts. Quarterly current prices GDP compilation has been introduced and now forms part of the quarterly compilation.

Since quarterly and annual estimates are often based on different kinds of data sources, the annual total derived from the sum of the four quarters under consideration differs from annual estimates based on more comprehensive sources of data. Therefore, in order to make them comparable, quarterly estimates are benchmarked to their annual estimates during the compilation of the quarterly GDP.

Benchmarking is the process of combining a time series of high frequency data with less frequent but more accurate data.

Page 6: GROSS DOMESTIC PRODUCT FIRST QUARTER 2020 · 2020-06-11 · Gross Domestic Product (GDP) estimates assist in the analysis of short-term movements in the economy, as opposed to the

Table A: Sectoral growth rate revisions for the fourth quarter of 2019

SectorsFourth quarter 2019 in

percent as recordedRevised fourth quarter

2019 in percentDifference

Agriculture 7.6 8.8 1.3

Fishing -8.5 -5.6 3.0

Mining and quarrying -3.3 -3.3 0.0

Manufacturing -5.0 -4.9 0.1

Electricity and water -6.5 -6.5 0.0

Construction 4.7 13.5 8.8

Wholesale and retail trade -1.9 -1.9 0.0

Hotels and restaurants 6.3 6.3 0.0

Transport and storage -26.2 -26.3 -0.1

Information and communations 8.8 10.8 2.0

Financial service activities 6.3 6.3 0.0

Real estate activities and professional services 3.3 3.3 0.0

Administrative and support services -9.0 -9.0 0.0

Public administration 32.1 32.1 0.0

Education 5.1 5.1 0.0

Health -11.0 -1.9 9.1

Other private services -1.9 -2.1 -0.2

All industries at basic prices 2.0 2.8 0.8

Taxes on products -3.0 -3.0 0.0

GDP 1.6 2.3 0.7

* When calculating the differences in the figures above, there may occur slight differences that are due to rounding to the nearest decimal.

2 RevisionsRevisions are part of good national accounts compilation best practices because they provide users with more accurate data. It provides an opportunity to incorporate new and more accurate information, and thereby improve the accuracy of the estimates without introducing breaks in the time series. Depending on the extent of availability of more comprehensive data, revisions are made to estimate quarters up to the last three years.

The revisions made in the fourth quarter of 2019 are outlined in Table A. Based on the revised changes, real GDP growth for the fourth quarter of 2019 posted a positive growth of 2.3 percent from a growth of 1.6 percent reported in the Preliminary National Accounts 2019 publication. The major revisions were observed in the following sectors: Health (9.1 percentage points) and Construction (8.8 percentage points). The revision in the sector was mainly necessitated by the updated data received from sources.

GROSS DOMESTIC PRODUCT - FIRST QUARTER 20206

Page 7: GROSS DOMESTIC PRODUCT FIRST QUARTER 2020 · 2020-06-11 · Gross Domestic Product (GDP) estimates assist in the analysis of short-term movements in the economy, as opposed to the

3 Data sources and timelinessThe sources for quarterly national accounts data are quarterly economic surveys and administrative data. Quarterly GDP estimates are released with a time lag of maximum 90 days from the reference quarter.

4 Key findings

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1

2014 2015 2016 2017 2018 2019 2020GDP 3.7 5.0 3.9 10.3 8.2 5.1 4.8 0.4 2.9 -2.4 -1.6 0.1 -1.6 0.7 -1.6 1.6 1.9 4.1 0.7 -3.7 -3.3 -2.1 -0.6 2.3 -0.8

-5.0

-4.0

-3.0

-2.0

-1.0

0.0

1.0

2.0

3.0

4.0

5.0

6.0

7.0

8.0

9.0

10.0

11.0

12.0

Perc

enta

ge

Figure 1: GDP growth rate

The real GDP contracted by 0.8 percent during the period under review, compared to a decline of 3.3 percent in the same quarter of 2019 (Figure 1). The recovery in the domestic economy is due to Education, Health, ‘Electricity and water’ and Fishing sectors that registered positive growths of 5.8 percent, 2.3 percent, 1.6 percent and 3.1 percent respectively. Furthermore, improved performance was recorded in ‘Information and communication’ and Construction sectors that posted growth rates of 6.2 percent, and 19.8 percent, respectively.

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1

2014 2015 2016 2017 2018 2019 2020GDP 3.7 5.0 3.9 10.3 8.2 5.1 4.8 0.4 2.9 -2.4 -1.6 0.1 -1.6 0.7 -1.6 1.6 1.9 4.1 0.7 -3.7 -3.3 -2.1 -0.6 2.3 -0.8

-5.0

-4.0

-3.0

-2.0

-1.0

0.0

1.0

2.0

3.0

4.0

5.0

6.0

7.0

8.0

9.0

10.0

11.0

12.0

Perc

enta

ge

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1

2014 2015 2016 2017 2018 2019 2020GDP 3.7 5.0 3.9 10.3 8.2 5.1 4.8 0.4 2.9 -2.4 -1.6 0.1 -1.6 0.7 -1.6 1.6 1.9 4.1 0.7 -3.7 -3.3 -2.1 -0.6 2.3 -0.8

-5.0

-4.0

-3.0

-2.0

-1.0

0.0

1.0

2.0

3.0

4.0

5.0

6.0

7.0

8.0

9.0

10.0

11.0

12.0

Perc

enta

ge

7GROSS DOMESTIC PRODUCT - FIRST QUARTER 2020

Page 8: GROSS DOMESTIC PRODUCT FIRST QUARTER 2020 · 2020-06-11 · Gross Domestic Product (GDP) estimates assist in the analysis of short-term movements in the economy, as opposed to the

However, ‘Agriculture and forestry’, ’Mining and quarrying’, ‘Transport and storage’ and Manufacturing sectors recorded declines in real value added of 13.0 percent, 3.3 percent, 7.0 percent, and 8.3 percent, respectively.

Additionally, declines were also reflected in ‘Wholesale and retail trade’ and ‘Hotels and restaurants’, ‘Administrative and support services’ and Public administration sectors. Figure 2 shows the growth rates of the selected sectors for the period under review.

-13.0

-8.3-7.0

-4.1-3.3

-2.5

-0.5

1.1 1.62.3 2.4 2.4

3.1

5.8

19.8

-15.0

-10.0

-5.0

0.0

5.0

10.0

15.0

20.0

25.0

Agricu

lture

Manufa

cturin

g

Transp

ort & st

orage

Hotels &

Restau

rants

Mining and q

uarryin

g

Publi

c Adm

.

Wholesal

e & Re

tail Tr

ade

Taxe

s on p

rodu

cts

Electr

icity

& wate

rHea

lth

Inform

ation

& commun

icatio

ns

Fin se

rvice

s actv

.

Fishing

Educ

ation

Constr

uctio

n

Perc

enta

ges

Figure 2: Selected sectors value added performance growth rates

GROSS DOMESTIC PRODUCT - FIRST QUARTER 20208

Page 9: GROSS DOMESTIC PRODUCT FIRST QUARTER 2020 · 2020-06-11 · Gross Domestic Product (GDP) estimates assist in the analysis of short-term movements in the economy, as opposed to the

4.1 Agriculture and forestryThe Agriculture and forestry sector recorded a deeper contraction of 13.0 percent in real value added during the first quarter of 2020, relative to a contraction of 5.1 percent registered during the same quarter of 2019 (Figure 3).

The contraction was predominantly driven by the persistent drop of the Livestock farming subsector that was estimated to have registered a decline of 21.5 percent in real value added, during the quarter under review relative to a contraction of 7.8 percent recorded in the same quarter of 2019.

-40.0

-30.0

-20.0

-10.0

0.0

10.0

20.0

30.0

40.0

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1

2014 2015 2016 2017 2018 2019 2020

Perc

enta

ge

Value Added Agriculture Value Added Liv estock

Figure 3: Agriculture real value added growth rate

The poor performance of the Livestock farming subsector emanates from a decline in both cattle and small stock marketing. Cattle export to South Africa and Angola registered a contraction of 22.9 percent during the first quarter of 2020 relative to a contraction of 26.5 percent in 2019, whereas, Cattle export to butchers and abattoirs registered even a deeper contraction of 49.2 percent during the quarter under review compared to a growth of 5.9 percent recorded in the same quarter of 2019.

Similarly, small stock marketed to abattoirs and butchers slowed, registering a contraction of 59.9 percent relative to a growth of 3.7 percent recorded in the corresponding quarter of 2019 (Figure 4). Moreover, export of small stock to South Africa and Angola contracted, registering a double-digit decline of 51.6 percent relative to a growth of 28.9 percent recorded in the same quarter of 2019.

9GROSS DOMESTIC PRODUCT - FIRST QUARTER 2020

Page 10: GROSS DOMESTIC PRODUCT FIRST QUARTER 2020 · 2020-06-11 · Gross Domestic Product (GDP) estimates assist in the analysis of short-term movements in the economy, as opposed to the

0.0

20.0

40.0

60.0

80.0

100.0

120.0

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1

2014 2015 2016 2017 2018 2019 2020

Num

ber o

f Liv

esto

ck In

dex

2015

= 1

00

Figure 4: Number of livestock marketed, volume index 2015 = 100

The Crop farming subsector on the other hand, performed relatively well during the quarter under review, registering a double digit growth of 17.2 percent in real value added relative to a growth of 3.6 percent recorded in 2019. The robust performance in the subsector comes on the backdrop of good rainfall received.

GROSS DOMESTIC PRODUCT - FIRST QUARTER 202010

Page 11: GROSS DOMESTIC PRODUCT FIRST QUARTER 2020 · 2020-06-11 · Gross Domestic Product (GDP) estimates assist in the analysis of short-term movements in the economy, as opposed to the

4.2 Fishing and fish processing on board

The sector ‘Fishing and fish processing on board’, registered a growth of 3.1 percent in real value added in comparison to a decline of 0.4 percent recorded in the corresponding quarter of 2019 (Figure 5).

-20.0

-15.0

-10.0

-5.0

0.0

5.0

10.0

15.0

20.0

25.0

30.0

35.0

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1

2014 2015 2016 2017 2018 2019 2020

Percen

tage

Figure 5: Fishing and fish processing on board real value added growth rate

The growth witnessed in the sector is mainly driven by the positive performance of both demersal and midwater fisheries landings, respectively (Figure 6).

11GROSS DOMESTIC PRODUCT - FIRST QUARTER 2020

Page 12: GROSS DOMESTIC PRODUCT FIRST QUARTER 2020 · 2020-06-11 · Gross Domestic Product (GDP) estimates assist in the analysis of short-term movements in the economy, as opposed to the

-

20.0

40.0

60.0

80.0

100.0

120.0

140.0

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1

2014 2015 2016 2017 2018 2019 2020

Volu

me

inde

x 20

15 =

100

Figure 6: Fish landings, volume index 2015= 100

GROSS DOMESTIC PRODUCT - FIRST QUARTER 202012

Page 13: GROSS DOMESTIC PRODUCT FIRST QUARTER 2020 · 2020-06-11 · Gross Domestic Product (GDP) estimates assist in the analysis of short-term movements in the economy, as opposed to the

4.3 Mining and quarrying

Mining and quarrying sector declined by 3.3 percent in real value added during the first quarter of 2020, compared to a decline of 6.5 percent recorded in the corresponding quarter of 2019 (Figure 7).

-30.0

-20.0

-10.0

0.0

10.0

20.0

30.0

40.0

50.0

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1

2014 2015 2016 2017 2018 2019 2020

Percen

tange

Figure 7: Mining and quarrying real value added growth rate

The contraction in the Mining and quarrying sector is attributed to the Uranium mining and ‘Other mining & quarrying’ sub-sectors that recorded declines in real value added of 31.8 percent and 12.6 percent, respectively. The poor performance in the Uranium subsector is reflected in the reduction of production when compared to same quarter of last year (Figure 8).

13GROSS DOMESTIC PRODUCT - FIRST QUARTER 2020

Page 14: GROSS DOMESTIC PRODUCT FIRST QUARTER 2020 · 2020-06-11 · Gross Domestic Product (GDP) estimates assist in the analysis of short-term movements in the economy, as opposed to the

-

250

500

750

1,000

1,250

1,500

1,750

2,000

2,250

2,500

2,750

3,000

3,250

3,500

3,750

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1

2014 2015 2016 2017 2018 2019 2020

Shor

t Ton

s

Figure 8 Uranium production in short tons

However, Diamond mining and Metal ores subsectors recorded positive growths in real value added of 6.3 percent and 5.3 percent, respectively. The performance in the Diamond mining subsector is attributed to an increase of 6.5 percent in production during the period under review (Figure 9).

-

100

200

300

400

500

600

700

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1

2014 2015 2016 2017 2018 2019 2020

Cara

ts in

thou

sand

s

Diamonds Production Diamonds Sales

Figure 9: Diamond production and sales in thousands of carats

GROSS DOMESTIC PRODUCT - FIRST QUARTER 202014

Page 15: GROSS DOMESTIC PRODUCT FIRST QUARTER 2020 · 2020-06-11 · Gross Domestic Product (GDP) estimates assist in the analysis of short-term movements in the economy, as opposed to the

0.0

20.0

40.0

60.0

80.0

100.0

120.0

140.0

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1

2014 2015 2016 2017 2018 2019 2020

Volu

me

inde

x 20

10=1

00

Min ing Total Mining Index 3 per. Mov. Avg. (Mining Total Mining Index)

Figure 10: Total mining production volume index 2015 = 100

The subsector Metal ores registered a strong growth of 5.3 percent in real value added compared to a decline of 5.9 percent registered in the corresponding quarter of 2019. The performance in metal ores is attributed to growth in gold and lead productions that registered (11.1 percent and 40.9 percent), respectively (Figure 11).

15GROSS DOMESTIC PRODUCT - FIRST QUARTER 2020

Page 16: GROSS DOMESTIC PRODUCT FIRST QUARTER 2020 · 2020-06-11 · Gross Domestic Product (GDP) estimates assist in the analysis of short-term movements in the economy, as opposed to the

0.0

20.0

40.0

60.0

80.0

100.0

120.0

140.0

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1

2014 2015 2016 2017 2018 2019 2020

Volu

me

inde

x 20

10=1

00

Figure 11: Metal ores volume index 2015 = 100

GROSS DOMESTIC PRODUCT - FIRST QUARTER 202016

Page 17: GROSS DOMESTIC PRODUCT FIRST QUARTER 2020 · 2020-06-11 · Gross Domestic Product (GDP) estimates assist in the analysis of short-term movements in the economy, as opposed to the

4.4 ManufacturingThe manufacturing sector recorded a decline in real value added of 8.3 percent during the first quarter of 2020 compared to a growth of 5.9 percent recorded in the corresponding quarter of 2019 (Figure 12).

-12.5

-10.0

-7.5

-5.0

-2.5

0.0

2.5

5.0

7.5

10.0

12.5

15.0

17.5

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1

2014 2015 2016 2017 2018 2019 2020

Percen

tage

Figure 12: Manufacturing real value added growth rate

The contraction in the sector is observed in real value added of the subsectors Beverages, Basic metals, and Diamond processing that recorded negative growths of 2.1 percent, 9.5 percent and 18.4 percent during the first quarter of 2020 compared to strong growths of 14.6 percent, 20.5 percent and 16.1 percent in the corresponding quarter of 2019, respectively (Figure 13).

17GROSS DOMESTIC PRODUCT - FIRST QUARTER 2020

Page 18: GROSS DOMESTIC PRODUCT FIRST QUARTER 2020 · 2020-06-11 · Gross Domestic Product (GDP) estimates assist in the analysis of short-term movements in the economy, as opposed to the

-40.0

-30.0

-20.0

-10.0

0.0

10.0

20.0

30.0

40.0

50.0

60.0

70.0

80.0

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1

2014 2015 2016 2017 2018 2019 2020

Perc

enta

ge

Beverages Basic metals Diamond processing

Figure 13: Beverages, basic metals and diamond processing real value added growth rate1

Similarly, subsectors such as Non-metallic mineral products, Meat processing and Fabricated metal products also recorded negative growth rates of 20.6 percent, 53.5 percent and 11.7 percent in real value added in the first quarter of 2020 compared to strong growths of 8.3 percent, 7.5 percent and 9.3 percent recorded in the corresponding quarter of 2019 (Figure 14).

1 Figure 13, In order to improve read-ability, is limited the chart scale to 40 percentage points and 80 percentage points

GROSS DOMESTIC PRODUCT - FIRST QUARTER 202018

Page 19: GROSS DOMESTIC PRODUCT FIRST QUARTER 2020 · 2020-06-11 · Gross Domestic Product (GDP) estimates assist in the analysis of short-term movements in the economy, as opposed to the

-60.0

-40.0

-20.0

0.0

20.0

40.0

60.0

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1

2014 2015 2016 2017 2018 2019 2020

Perc

enta

nge

Non-metallic minerals Fabricated metal products Meat processing

Figure 14: Non-metallic minerals, fabricated metal products and meat processing real value added growth rate

Other subsector’s such as Dairy products, ‘Textiles and wearing apparel’, ‘Chemicals and chemical products’, ‘Paper products, publishing and printing’, and Fish processing also registered negative growths in real value added of 5.6 percent, 59.3 percent, 13.6 percent, 5.2 percent and 4.8 percent in the first quarter of 2020, respectively.

However, subsectors Grain mill products and Other food products registered positive growths of 10.3 percent and 3.7 percent in the first quarter of 2020.

In addition, ‘Rubber and plastic products’, ‘Leather and leather products’ and ‘Wood and wood products’ subsectors registered positive growth of 5.9 percent, 4.2 percent and 1.5 percent in the first quarter of 2020, respectively.

19GROSS DOMESTIC PRODUCT - FIRST QUARTER 2020

Page 20: GROSS DOMESTIC PRODUCT FIRST QUARTER 2020 · 2020-06-11 · Gross Domestic Product (GDP) estimates assist in the analysis of short-term movements in the economy, as opposed to the

4.5 Electricity and waterThe electricity and water sector registered a positive growth in real value added of 1.6 percent during the first quarter of 2020 relative to a double digit contraction of 10.2 percent recorded in the corresponding quarter of 2019 (Figure 15).

-40.0

-30.0

-20.0

-10.0

0.0

10.0

20.0

30.0

40.0

50.0

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1

2014 2015 2016 2017 2018 2019 2020

Percen

tage

Figure 15: Electricity and water real value added growth rate

The performance of the sector is attributed to the water subsector that registered a growth 3.7 percent in real value added relative to a contraction of 22.1 percent recorded in first quarter of 2019. The electricity subsector registered a flat growth of 0.0 percent during the quarter under review relative to a growth of 1.8 percent recorded during the same quarter of 2019.

GROSS DOMESTIC PRODUCT - FIRST QUARTER 202020

Page 21: GROSS DOMESTIC PRODUCT FIRST QUARTER 2020 · 2020-06-11 · Gross Domestic Product (GDP) estimates assist in the analysis of short-term movements in the economy, as opposed to the

-30.0

-25.0

-20.0

-15.0

-10.0

-5.0

0.0

5.0

10.0

15.0

20.0

25.0

30.0

35.0

40.0

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1

2014 2015 2016 2017 2018 2019 2020

Perc

enta

ge

Electricity Value Added Water Value Added

Figure 16: Electricity and water subsectors real value added growth rate2

The volume of electricity sales stood at 845 033 kWh, a contraction of 4.5 percent (Figure 17).

2 Figure 16, in order to improve read-ability, is limited the chart scale to 40 percentage points and 30 percentage points.

21GROSS DOMESTIC PRODUCT - FIRST QUARTER 2020

Page 22: GROSS DOMESTIC PRODUCT FIRST QUARTER 2020 · 2020-06-11 · Gross Domestic Product (GDP) estimates assist in the analysis of short-term movements in the economy, as opposed to the

-

200

400

600

800

1,000

1,200

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1

2014 2015 2016 2017 2018 2019 2020

Mill

ions

KW

H

Figure 17: Total units of electricity sold in millions of KWH

During the quarter under review, the country imported 596 284 kWh of electricity, a contraction of 19.7 during the first quarter of 2020 (Figure 18).

GROSS DOMESTIC PRODUCT - FIRST QUARTER 202022

Page 23: GROSS DOMESTIC PRODUCT FIRST QUARTER 2020 · 2020-06-11 · Gross Domestic Product (GDP) estimates assist in the analysis of short-term movements in the economy, as opposed to the

-

200

400

600

800

1,000

1,200

1,400

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1

2014 2015 2016 2017 2018 2019 2020

Mill

ions

of

KWH

Own generation Imports

Figure 18: Sources of electricity in millions of KWH

23GROSS DOMESTIC PRODUCT - FIRST QUARTER 2020

Page 24: GROSS DOMESTIC PRODUCT FIRST QUARTER 2020 · 2020-06-11 · Gross Domestic Product (GDP) estimates assist in the analysis of short-term movements in the economy, as opposed to the

4.6 Construction3 The construction sector recorded a strong growth of 19.8 percent in real value added for the first quarter of 2020 compared to a negative growth of 26.6 percent registered in the corresponding quarter of 2019 (Figure 19).

-60.0

-50.0

-40.0

-30.0

-20.0

-10.0

0.0

10.0

20.0

30.0

40.0

50.0

60.0

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1

2014 2015 2016 2017 2018 2019 2020

Perc

enta

ge

Figure 19: Construction real value added growth rate

The strong performance in the sector is attributed to buildings completed, that posted a strong growth in real value of 54.5 percent during the first quarter of 2020 compared to a reduction of 35.8 percent in the corresponding quarter of 2019 (Figure 20).

In addition, the production of cement also posted a strong growth in real value added of 30.6 percent compared to a growth of 2.2 percent in the corresponding quarter of 2019.

3 The methodology to estimate value added for construction uses a simple moving average of two quarters of government construction, import of cement, and building completed as construction spans over time

GROSS DOMESTIC PRODUCT - FIRST QUARTER 202024

Page 25: GROSS DOMESTIC PRODUCT FIRST QUARTER 2020 · 2020-06-11 · Gross Domestic Product (GDP) estimates assist in the analysis of short-term movements in the economy, as opposed to the

-

100

200

300

400

500

600

700

800

900

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1

2014 2015 2016 2017 2018 2019 2020

Mill

ions

N$

Figure 20: Real value of buildings completed – millions N$

However, the government expenditure on construction recorded a negative growth in real value added of 5.6 percent compared to a decline of 9.0 percent registered in the corresponding quarter of 2019 (Figure 21).

25GROSS DOMESTIC PRODUCT - FIRST QUARTER 2020

Page 26: GROSS DOMESTIC PRODUCT FIRST QUARTER 2020 · 2020-06-11 · Gross Domestic Product (GDP) estimates assist in the analysis of short-term movements in the economy, as opposed to the

-

200

400

600

800

1,000

1,200

1,400

1,600

1,800

2,000

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1

2014 2015 2016 2017 2018 2019 2020

Mill

ions

N$

Figure 21: Real value of Government Expenditure on construction– millions N$

GROSS DOMESTIC PRODUCT - FIRST QUARTER 202026

Page 27: GROSS DOMESTIC PRODUCT FIRST QUARTER 2020 · 2020-06-11 · Gross Domestic Product (GDP) estimates assist in the analysis of short-term movements in the economy, as opposed to the

4.7 Wholesale and retail trade

The wholesale and retail trade sector registered a decline of 0.5 percent in real value added during the first quarter of 2020, compared to a decline of 5.7 percent registered in the corresponding quarter of 2019 (Figure 22).

-12.0

-10.0

-8.0

-6.0

-4.0

-2.0

0.0

2.0

4.0

6.0

8.0

10.0

12.0

14.0

16.0

18.0

20.0

22.0

24.0

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1

2014 2015 2016 2017 2018 2019 2020

Percen

tage

Figure 22: Wholesale and retail trade real value added growth rate

The improved performance of the sector is reflected in the sales of retail and wholesalers subsectors that recorded improved sales compared to same quarter last year, (Figure 23).

27GROSS DOMESTIC PRODUCT - FIRST QUARTER 2020

Page 28: GROSS DOMESTIC PRODUCT FIRST QUARTER 2020 · 2020-06-11 · Gross Domestic Product (GDP) estimates assist in the analysis of short-term movements in the economy, as opposed to the

-

2,000

4,000

6,000

8,000

10,000

12,000

14,000

16,000

18,000

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1

2014 2015 2016 2017 2018 2019 2020

Mill

ions

N$

Figure 23: Total revenue of wholesale and retail trade – millions N$

GROSS DOMESTIC PRODUCT - FIRST QUARTER 202028

Page 29: GROSS DOMESTIC PRODUCT FIRST QUARTER 2020 · 2020-06-11 · Gross Domestic Product (GDP) estimates assist in the analysis of short-term movements in the economy, as opposed to the

4.8 Hotels and restaurantsThe hotels and restaurants sector recorded a decline in real value added of 4.1 percent in the first quarter of 2020 compared to a decline of 5.1 percent registered in the corresponding quarter of 2019 (Figure 24).

-10.0

-5.0

0.0

5.0

10.0

15.0

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1

2014 2015 2016 2017 2018 2019 2020

Percen

tage

Figure 24: Hotels and restaurants value added growth rate

The performance in the sector is emanated both from hotels and restaurants subsectors that registered declines in real value added of 2.6 percent and 10.8 percent in the first quarter of 2020 compared to declines of 14.3 percent and 5.8 percent recorded in the corresponding quarter of 2019. (Figure 25).

29GROSS DOMESTIC PRODUCT - FIRST QUARTER 2020

Page 30: GROSS DOMESTIC PRODUCT FIRST QUARTER 2020 · 2020-06-11 · Gross Domestic Product (GDP) estimates assist in the analysis of short-term movements in the economy, as opposed to the

-30.0

-20.0

-10.0

0.0

10.0

20.0

30.0

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1

2014 2015 2016 2017 2018 2019 2020

Percen

tage

Hotels Restaurants

Figure 25: Growth rate in number of bed nights and room nights sold

GROSS DOMESTIC PRODUCT - FIRST QUARTER 202030

Page 31: GROSS DOMESTIC PRODUCT FIRST QUARTER 2020 · 2020-06-11 · Gross Domestic Product (GDP) estimates assist in the analysis of short-term movements in the economy, as opposed to the

4.9 Transport and storageThe ‘Transport and storage’ sector recorded a decline of 7.0 percent in the first quarter of 2020 in real value added, compared to a growth of 17.3 percent recorded in the same quarter of 2019 (Figure 26).

-30.0

-25.0

-20.0

-15.0

-10.0

-5.0

0.0

5.0

10.0

15.0

20.0

25.0

30.0

35.0

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1

2014 2015 2016 2017 2018 2019 2020

Percen

tage

Figure 26: Transport and storage real value added growth rate

The poor performance of the sector is mainly attributed to ‘Air transport’, ‘Airport services’, ‘’Post and ‘Couriers services’, ’Port services’ and ‘Railway transport’, which recorded declines of 53.5 percent, 18.4 percent, 12.0 percent, 11.0 percent and 5.2 percent in real value added, respectively.

Air transport subsectors registered a decline of 53.5 percent in real value added, compared to a growth of 6.9 percent registered in the same quarter of 2019. The performance of the sector is attributed the number of passengers that declined in the period under review, compared to the corresponding quarter of 2019.

While, the Airport services subsectors registered a decline of 18.4 percent in real value added of first quarter 2020, compared to a decline of 3.7 percent registered in the same quarter of 2019. This is due to the decline in the number of aircrafts landed at the airport in first quarter of 2020, compared to the same quarter of 2019 (Figure 27).

31GROSS DOMESTIC PRODUCT - FIRST QUARTER 2020

Page 32: GROSS DOMESTIC PRODUCT FIRST QUARTER 2020 · 2020-06-11 · Gross Domestic Product (GDP) estimates assist in the analysis of short-term movements in the economy, as opposed to the

Figure 27: Value added and aircraft landed

‘Post and couriers’, ‘Railway transport’ and ‘Freight by road transport’ subsectors are also estimated to have recorded declines of 12.0 percent, 5.2 percent and 0.6 percent in real value added in 2020 first quarter, respectively (Figure 28).

GROSS DOMESTIC PRODUCT - FIRST QUARTER 202032

Page 33: GROSS DOMESTIC PRODUCT FIRST QUARTER 2020 · 2020-06-11 · Gross Domestic Product (GDP) estimates assist in the analysis of short-term movements in the economy, as opposed to the

-

50

100

150

200

250

300

350

400

450

500

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1

2014 2015 2016 2017 2018 2019 2020

Thou

sand

s of t

onne

s

Source: Trans NamibFigure 28: Volume of freight transported in thousands of tonnes

Port services subsectors is estimated to have recorded a negative growth of 11.0 percent in real value added, compared to a positive of 11.6 percent registered in the same quarter of 2019. This is due to the decrease in the cargo handled at the ports in the first quarter of 2020 compared to the same quarter of 2019 (Figure 29).

33GROSS DOMESTIC PRODUCT - FIRST QUARTER 2020

Page 34: GROSS DOMESTIC PRODUCT FIRST QUARTER 2020 · 2020-06-11 · Gross Domestic Product (GDP) estimates assist in the analysis of short-term movements in the economy, as opposed to the

-

200

400

600

800

1,000

1,200

1,400

1,600

1,800

2,000

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1

2014 2015 2016 2017 2018 2019 2020

Thou

sand

s of t

onne

s

Source: Namibia Ports AuthorityFigure 29: Cargo handled in thousands of tonnes

GROSS DOMESTIC PRODUCT - FIRST QUARTER 202034

Page 35: GROSS DOMESTIC PRODUCT FIRST QUARTER 2020 · 2020-06-11 · Gross Domestic Product (GDP) estimates assist in the analysis of short-term movements in the economy, as opposed to the

4.10 Information and communicationsIn the first quarter of 2020, ‘Information and communication’ sector recorded a positive growth of 6.2 percent in real value added, compared to 6.1 percent growth registered in the same quarter of 2019 (Figure 30).

-

5,000,000

10,000,000

15,000,000

20,000,000

25,000,000

(15.0)

(10.0)

(5.0)

-

5.0

10.0

15.0

20.0

25.0

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1

2014 2015 2016 2017 2018 2019 2020

Minutes calls Value Added

Figure 30: Information and communication value added growth rate and minutes calls

The performance in the sector is attributed to the number of minutes used that have recorded an increase under the period review.

35GROSS DOMESTIC PRODUCT - FIRST QUARTER 2020

Page 36: GROSS DOMESTIC PRODUCT FIRST QUARTER 2020 · 2020-06-11 · Gross Domestic Product (GDP) estimates assist in the analysis of short-term movements in the economy, as opposed to the

4.11 Financial services activitiesThe ‘Financial and insurance’ sector recorded a slow growth of 2.4 percent in real value added in the first quarter of 2020 when compared to an increase of 4.2 percent recorded in the corresponding quarter of 2019. (Figure 31).

-2.0

0.0

2.0

4.0

6.0

8.0

10.0

12.0

14.0

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1

2014 2015 2016 2017 2018 2019 2020

Percen

tage

Figure 31: Financial services activities value added growth rate

The slow growth is attributed to the banking subsector that recorded a decline of 1.3 percent in real value added when compared to a decline of 0.4 percent estimated in the corresponding quarter (Figure 32). The poor performance is reflected in the sluggish growths of private credit extension and contraction in instalment credit.

On the other hand, the insurance subsector recorded a growth of 6.2 percent in real value added when compared to a strong growth of 9.3 percent in the corresponding quarter of 2019.

GROSS DOMESTIC PRODUCT - FIRST QUARTER 202036

Page 37: GROSS DOMESTIC PRODUCT FIRST QUARTER 2020 · 2020-06-11 · Gross Domestic Product (GDP) estimates assist in the analysis of short-term movements in the economy, as opposed to the

-6.0

-4.0

-2.0

0.0

2.0

4.0

6.0

8.0

10.0

12.0

14.0

16.0

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1

2014 2015 2016 2017 2018 2019 2020

Perc

enta

ge

Value added Banking service Value Added Insurance & others

Figure 32: Banking and insurance value added growth rate

Figure 33 below shows deposits made by all sectors; claims made by the private and net claims by the government sector since the first quarter of 2014.

Year on year total deposits made by all sectors rose by 11.9 percent during the period under review. During the period under review, total stock of deposits stood at N$ 113,776 million compared to N$ 101,692 million recorded during a similar quarter of 2019.

Furthermore, claims by central government increased by 31.5 percent in the first quarter of 2020, which recorded N$ 26,979 million in comparison to N$ 20,512 million in the corresponding year.

37GROSS DOMESTIC PRODUCT - FIRST QUARTER 2020

Page 38: GROSS DOMESTIC PRODUCT FIRST QUARTER 2020 · 2020-06-11 · Gross Domestic Product (GDP) estimates assist in the analysis of short-term movements in the economy, as opposed to the

0

20,000

40,000

60,000

80,000

100,000

120,000

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1

2014 2015 2016 2017 2018 2019 2020

Mill

ions

N$

Deposits by all sectors Claims by private sector Net claims by central government

Source: Bank of NamibiaFigure 33: Deposits and claims

GROSS DOMESTIC PRODUCT - FIRST QUARTER 202038

Page 39: GROSS DOMESTIC PRODUCT FIRST QUARTER 2020 · 2020-06-11 · Gross Domestic Product (GDP) estimates assist in the analysis of short-term movements in the economy, as opposed to the

4.12 Real Estate activities and Professional, scientific and technical services

Real estate activities and Professional, scientific and technical services sectors recorded a robust growth of 2.7 percent in real value added in the first quarter of 2020 as compared to the contraction of 0.3 percent recorded in the corresponding quarter of 2019.

-30.0

-20.0

-10.0

0.0

10.0

20.0

30.0

40.0

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1

2014 2015 2016 2017 2018 2019 2020

Value added Real Estate Activities Value Added Professional, scientific and technical services

Figure 34: Value added growth Real Estate activities and professional, scientific and technical services

The performance is attributed to the real estate sector that recorded a growth of 3.5 percent in real value added, while the professional, scientific and technical services sector recorded a decline of 4.2 percent under the period under review (Figure 34).

39GROSS DOMESTIC PRODUCT - FIRST QUARTER 2020

Page 40: GROSS DOMESTIC PRODUCT FIRST QUARTER 2020 · 2020-06-11 · Gross Domestic Product (GDP) estimates assist in the analysis of short-term movements in the economy, as opposed to the

4.13 Administrative and support services

Administrative and support services dropped by 5.0 percent in real value added in the first quarter of 2020 as compared to a strong growth of 7.3 percent in the corresponding quarter of 2019. The persistent slow economic activities remain prevalent in the demand of supporting businesses (Figure 35).

-40.0

-30.0

-20.0

-10.0

0.0

10.0

20.0

30.0

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1

2014 2015 2016 2017 2018 2019 2020

Figure 35: Value added growth Administrative and support services

GROSS DOMESTIC PRODUCT - FIRST QUARTER 202040

Page 41: GROSS DOMESTIC PRODUCT FIRST QUARTER 2020 · 2020-06-11 · Gross Domestic Product (GDP) estimates assist in the analysis of short-term movements in the economy, as opposed to the

4.14 Public Administration and Defence, Education and Health

Public administration and defence sector posted a contraction of 2.5 percent in real value added when compared to a decline of 14.3 percent in the corresponding quarter of 2019. The performance of the sector is driven by marginal decreases in the lower employment grades while maintaining conformity of the consolidation policy.

The Education sector maintained a positive trend by recording a growth of 5.8 percent in real value added in the first quarter of 2020 when compared to 0.2 percent observed in the corresponding quarter of 2019.

In addition, the Health sector registered a growth of 2.3 percent in real value added during the period under review compared to a decline of 6.5 percent in 2019. An increase in the number of health workers is the attributer to the performance in the sector.

41GROSS DOMESTIC PRODUCT - FIRST QUARTER 2020

Page 42: GROSS DOMESTIC PRODUCT FIRST QUARTER 2020 · 2020-06-11 · Gross Domestic Product (GDP) estimates assist in the analysis of short-term movements in the economy, as opposed to the

Table B: Quarterly Gross Domestic Product by Activity in Current Prices - million N$

Year QuarterAgriculture

and ForestryFishing

Mining and

quarrying

Manufac-turing

Electricity and water

Construc-tion

Wholesale and retail

trade

Hotels and restau-rants

Transport and storage

2013 1 963 1,062 2,566 3,157 701 1,141 2,729 375 699 2 2,042 945 3,350 3,132 638 917 3,388 391 728 3 778 802 2,770 2,794 566 1,307 3,584 554 848 4 1,401 825 3,238 3,045 616 1,245 3,787 497 798

2014 1 920 1,181 2,365 2,673 874 1,895 3,690 452 842 2 2,770 1,113 3,911 3,095 773 1,163 3,877 507 861 3 1,005 1,181 3,077 3,249 660 1,885 4,367 760 1,027 4 1,527 657 3,471 4,054 603 1,869 4,518 648 928

2015 1 936 1,023 2,967 3,654 719 2,320 3,890 609 1,111 2 1,779 1,017 3,303 4,332 411 1,703 4,035 630 1,067 3 894 1,072 3,035 4,085 893 1,931 4,298 798 1,238 4 1,494 753 3,660 4,454 522 2,106 4,171 728 1,211

2016 1 897 1,155 3,486 4,401 1,337 1,297 3,950 644 1,129 2 1,723 1,310 3,420 4,614 734 1,156 4,021 632 1,175 3 830 1,133 3,552 4,509 2,079 1,340 4,140 891 1,438 4 1,836 921 4,381 4,809 1,012 1,154 4,648 790 1,503

2017 1 1,045 1,343 2,882 4,504 1,767 809 4,537 651 1,523 2 3,015 958 2,972 4,894 870 732 4,626 709 1,202 3 1,384 1,201 4,195 5,206 2,158 1,194 4,516 938 1,264 4 2,027 992 3,959 5,613 978 1,259 4,863 737 1,545

2018 1 1,368 1,194 3,536 5,028 2,009 1,171 4,506 663 1,229 2 2,885 1,186 3,550 5,300 1,167 595 4,732 687 1,291 3 1,387 1,210 4,357 5,361 2,409 1,022 4,136 874 1,509 4 2,237 930 4,566 5,719 1,081 1,039 4,545 742 1,680

2019 1 1,241 1,197 4,013 5,078 1,921 915 4,474 755 1,491 2 2,026 1,349 3,386 5,712 1,018 865 4,870 896 1,317 3 1,291 1,306 4,569 4,861 2,199 1,185 4,105 1,243 1,426 4 2,288 1,119 4,604 5,330 979 1,150 4,732 1,000 1,199

2020 1 1,062 1,408 3,163 4,703 1,815 1,033 4,646 831 1,435

GROSS DOMESTIC PRODUCT - FIRST QUARTER 202042

Page 43: GROSS DOMESTIC PRODUCT FIRST QUARTER 2020 · 2020-06-11 · Gross Domestic Product (GDP) estimates assist in the analysis of short-term movements in the economy, as opposed to the

Table B: Quarterly Gross Domestic Product by Activity in Current Prices - million N$ (Cont)

YearQua-rter

Information and Commu-

nication

Financial service

activities

Real estate and

Professional services activities

Admini-strative and

support services

Public admi-

nistration

Edu-cation

Health Other All indust.

at basic prices

Taxes on products

GDP at market prices

2013 1 535 1,129 1,846 332 3,930 2,299 862 669 24,993 2,036 27,030 2 266 1,733 2,038 436 2,638 2,338 1,038 662 26,682 2,308 28,990 3 619 2,964 1,978 424 4,058 3,069 1,007 672 28,792 2,411 31,203 4 327 1,781 1,804 493 2,816 2,880 1,124 698 27,376 2,511 29,887

2014 1 792 1,001 1,921 307 3,757 2,997 1,397 740 27,805 2,242 30,047 2 399 2,137 1,645 459 3,160 3,024 954 775 30,622 2,317 32,939 3 861 2,191 2,520 402 4,444 3,438 936 801 32,805 2,679 35,483 4 475 2,538 2,034 578 3,436 3,159 1,285 818 32,597 2,914 35,511

2015 1 747 2,524 1,685 321 4,317 3,226 1,467 826 32,341 2,574 34,915 2 364 2,345 2,111 505 3,662 3,069 1,113 838 32,285 2,699 34,984 3 677 2,356 2,150 521 4,940 3,265 1,146 854 34,154 3,061 37,215 4 319 2,949 2,659 586 3,787 3,247 1,457 873 34,975 3,118 38,093

2016 1 733 2,885 1,739 340 4,615 3,908 1,588 895 34,998 2,935 37,933 2 399 2,270 2,170 417 3,602 3,510 1,316 919 33,386 2,980 36,367 3 765 2,843 2,839 391 4,908 3,734 1,258 943 37,594 3,212 40,805 4 451 2,889 2,570 594 4,520 3,732 1,473 969 38,253 3,521 41,774

2017 1 859 2,895 1,925 361 5,468 4,355 1,825 983 37,730 3,134 40,865 2 438 2,961 2,389 416 3,955 3,991 1,428 1,002 36,559 3,177 39,736 3 824 3,330 2,795 469 5,063 4,112 1,521 1,019 41,188 3,317 44,505 4 501 2,909 3,198 553 5,137 4,080 1,579 1,034 40,963 3,460 44,424

2018 1 551 3,058 2,673 308 5,966 4,253 1,936 1,045 40,493 3,278 43,772 2 446 3,578 2,360 419 4,686 4,252 1,166 1,059 39,359 3,473 42,832 3 832 3,406 2,959 542 5,063 4,412 1,503 1,069 42,052 3,293 45,344 4 630 3,802 2,779 629 5,062 4,524 1,555 1,075 42,595 3,509 46,104

2019 1 616 3,464 2,032 342 5,757 4,558 1,903 1,076 40,835 3,252 44,087 2 496 2,829 3,132 450 4,206 4,601 1,183 1,077 39,412 3,466 42,878 3 667 3,197 3,225 460 5,582 4,806 1,454 1,078 42,654 3,196 45,850 4 802 2,983 3,100 577 5,399 4,875 1,466 1,078 42,681 3,448 46,129

2020 1 797 3,161 2,702 336 5,840 4,833 1,837 1,078 40,679 3,028 43,708

43GROSS DOMESTIC PRODUCT - FIRST QUARTER 2020

Page 44: GROSS DOMESTIC PRODUCT FIRST QUARTER 2020 · 2020-06-11 · Gross Domestic Product (GDP) estimates assist in the analysis of short-term movements in the economy, as opposed to the

Table C: Quarterly Gross Domestic Product by Activity in Current Prices – Percentage share to GDP

Year QuarterAgriculture

and ForestryFishing

Mining and

quarrying

Manufac-turing

Electricity and water

Construc-tion

Wholesale and retail

trade

Hotels and restau-rants

Transport and storage

2013 1 3.6 3.9 9.5 11.7 2.6 4.2 10.1 1.4 2.62 7.0 3.3 11.6 10.8 2.2 3.2 11.7 1.4 2.53 2.5 2.6 8.9 9.0 1.8 4.2 11.5 1.8 2.74 4.7 2.8 10.8 10.2 2.1 4.2 12.7 1.7 2.7

2014 1 3.1 3.9 7.9 8.9 2.9 6.3 12.3 1.5 2.8 2 8.4 3.4 11.9 9.4 2.3 3.5 11.8 1.5 2.6 3 2.8 3.3 8.7 9.2 1.9 5.3 12.3 2.1 2.9 4 4.3 1.8 9.8 11.4 1.7 5.3 12.7 1.8 2.6

2015 1 2.7 2.9 8.5 10.5 2.1 6.6 11.1 1.7 3.2 2 5.1 2.9 9.4 12.4 1.2 4.9 11.5 1.8 3.0 3 2.4 2.9 8.2 11.0 2.4 5.2 11.5 2.1 3.3 4 3.9 2.0 9.6 11.7 1.4 5.5 10.9 1.9 3.2

2016 1 2.4 3.0 9.2 11.6 3.5 3.4 10.4 1.7 3.0 2 4.7 3.6 9.4 12.7 2.0 3.2 11.1 1.7 3.2 3 2.0 2.8 8.7 11.0 5.1 3.3 10.1 2.2 3.5 4 4.4 2.2 10.5 11.5 2.4 2.8 11.1 1.9 3.6

2017 1 2.6 3.3 7.1 11.0 4.3 2.0 11.1 1.6 3.7 2 7.6 2.4 7.5 12.3 2.2 1.8 11.6 1.8 3.0 3 3.1 2.7 9.4 11.7 4.8 2.7 10.1 2.1 2.8 4 4.6 2.2 8.9 12.6 2.2 2.8 10.9 1.7 3.5

2018 1 3.1 2.7 8.1 11.5 4.6 2.7 10.3 1.5 2.8 2 6.7 2.8 8.3 12.4 2.7 1.4 11.0 1.6 3.0 3 3.1 2.7 9.6 11.8 5.3 2.3 9.1 1.9 3.3 4 4.9 2.0 9.9 12.4 2.3 2.3 9.9 1.6 3.6

2019 1 2.8 2.7 9.1 11.5 4.4 2.1 10.1 1.7 3.4 2 4.7 3.1 7.9 13.3 2.4 2.0 11.4 2.1 3.1 3 2.8 2.8 10.0 10.6 4.8 2.6 9.0 2.7 3.1 4 5.0 2.4 10.0 11.6 2.1 2.5 10.3 2.2 2.6

2020 1 2.4 3.2 7.2 10.8 4.2 2.4 10.6 1.9 3.3

GROSS DOMESTIC PRODUCT - FIRST QUARTER 202044

Page 45: GROSS DOMESTIC PRODUCT FIRST QUARTER 2020 · 2020-06-11 · Gross Domestic Product (GDP) estimates assist in the analysis of short-term movements in the economy, as opposed to the

Table C: Quarterly Gross Domestic Product by Activity in Constant 2010 Prices – Percentage changes (Cont...)

YearQua-rter

Information and

Commu-nication

Financial service

activities

Real estate and

Professional services activities

Admini-strative

and support services

Public admi-

nistration

Edu-cation

HealthOther

private services

All indust. at basic prices

Taxes on

pro-ducts

GDP at market prices

2013 1 2.0 4.2 6.8 1.2 14.5 8.5 3.2 2.5 92.5 7.5 100.02 0.9 6.0 7.0 1.5 9.1 8.1 3.6 2.3 92.0 8.0 100.03 2.0 9.5 6.3 1.4 13.0 9.8 3.2 2.2 92.3 7.7 100.04 1.1 6.0 6.0 1.6 9.4 9.6 3.8 2.3 91.6 8.4 100.0

2014 1 2.6 3.3 6.4 1.0 12.5 10.0 4.7 2.5 92.5 7.5 100.0 2 1.2 6.5 5.0 1.4 9.6 9.2 2.9 2.4 93.0 7.0 100.0 3 2.4 6.2 7.1 1.1 12.5 9.7 2.6 2.3 92.5 7.5 100.0 4 1.3 7.1 5.7 1.6 9.7 8.9 3.6 2.3 91.8 8.2 100.0

2015 1 2.1 7.2 4.8 0.9 12.4 9.2 4.2 2.4 92.6 7.4 100.0 2 1.0 6.7 6.0 1.4 10.5 8.8 3.2 2.4 92.3 7.7 100.0 3 1.8 6.3 5.8 1.4 13.3 8.8 3.1 2.3 91.8 8.2 100.0 4 0.8 7.7 7.0 1.5 9.9 8.5 3.8 2.3 91.8 8.2 100.0

2016 1 1.9 7.6 4.6 0.9 12.2 10.3 4.2 2.4 92.3 7.7 100.0 2 1.1 6.2 6.0 1.1 9.9 9.7 3.6 2.5 91.8 8.2 100.0 3 1.9 7.0 7.0 1.0 12.0 9.2 3.1 2.3 92.1 7.9 100.0 4 1.1 6.9 6.2 1.4 10.8 8.9 3.5 2.3 91.6 8.4 100.0

2017 1 2.1 7.1 4.7 0.9 13.4 10.7 4.5 2.4 92.3 7.7 100.0 2 1.1 7.5 6.0 1.0 10.0 10.0 3.6 2.5 92.0 8.0 100.0 3 1.9 7.5 6.3 1.1 11.4 9.2 3.4 2.3 92.5 7.5 100.0 4 1.1 6.5 7.2 1.2 11.6 9.2 3.6 2.3 92.2 7.8 100.0

2018 1 1.3 7.0 6.1 0.7 13.6 9.7 4.4 2.4 92.5 7.5 100.0 2 1.0 8.4 5.5 1.0 10.9 9.9 2.7 2.5 91.9 8.1 100.0 3 1.8 7.5 6.5 1.2 11.2 9.7 3.3 2.4 92.7 7.3 100.0 4 1.4 8.2 6.0 1.4 11.0 9.8 3.4 2.3 92.4 7.6 100.0

2019 1 1.4 7.9 4.6 0.8 13.1 10.3 4.3 2.4 92.6 7.4 100.0 2 1.2 6.6 7.3 1.0 9.8 10.7 2.8 2.5 91.9 8.1 100.0 3 1.5 7.0 7.0 1.0 12.2 10.5 3.2 2.4 93.0 7.0 100.0 4 1.7 6.5 6.7 1.3 11.7 10.6 3.2 2.3 92.5 7.5 100.0

2020 1 1.8 7.2 6.2 0.8 13.4 11.1 4.2 2.5 93.1 6.9 100.0

45GROSS DOMESTIC PRODUCT - FIRST QUARTER 2020

Page 46: GROSS DOMESTIC PRODUCT FIRST QUARTER 2020 · 2020-06-11 · Gross Domestic Product (GDP) estimates assist in the analysis of short-term movements in the economy, as opposed to the

Table D: Quarterly Gross Domestic Product by Activity in Constant 2015 Prices - million N$

Year QuarterAgriculture

and ForestryFishing

Mining and

quarrying

Manufac-turing

Electricity and water

Construc-tion

Wholesale and retail

trade

Hotels and restau-rants

Transport and storage

2013 1 1,202 908 3,269 4,205 660 1,133 2,854 481 865 2 2,452 968 3,434 4,312 563 1,085 3,477 522 821 3 994 1,144 3,566 3,994 526 1,164 3,591 738 987 4 1,339 866 3,525 4,092 542 1,287 3,707 650 849

2014 1 963 1,169 3,120 3,833 617 1,484 3,488 547 948 2 2,722 1,152 3,463 4,235 584 1,462 3,577 583 880 3 992 1,184 2,997 4,262 588 1,640 4,031 834 1,104 4 1,408 751 3,498 4,716 620 1,985 4,243 694 938

2015 1 885 1,126 3,222 3,897 701 2,054 3,758 609 1,215 2 1,855 1,098 3,300 4,369 605 2,066 3,988 626 1,067 3 889 1,005 3,350 4,028 580 1,939 4,338 795 1,246 4 1,475 635 3,094 4,231 659 2,003 4,310 733 1,097

2016 1 780 1,215 3,103 4,465 816 1,525 4,060 638 1,145 2 1,814 1,283 2,463 4,544 742 1,054 4,085 619 1,099 3 747 1,062 2,990 4,581 706 1,084 4,093 866 1,336 4 1,373 756 3,020 4,617 834 1,084 4,400 759 1,245

2017 1 873 1,312 3,322 4,218 791 891 3,932 606 1,225 2 2,168 1,180 2,894 4,438 633 760 3,868 651 1,021 3 928 1,062 3,325 4,613 579 911 3,713 876 1,174 4 1,338 797 3,683 4,755 587 1,090 3,980 711 1,171

2018 1 875 1,277 3,984 4,393 849 1,016 3,681 680 1,063 2 1,885 1,198 4,024 4,507 752 747 3,873 714 1,004 3 899 1,111 3,725 4,530 672 729 3,354 884 1,123 4 1,457 772 3,617 4,781 660 840 3,618 704 1,240

2019 1 830 1,273 3,723 4,651 763 747 3,472 645 1,247 2 1,340 1,372 2,998 5,164 780 746 3,724 716 1,017 3 853 1,249 3,432 4,491 614 884 3,105 953 1,102 4 1,586 729 3,496 4,546 617 953 3,550 749 914

2020 1 722 1,312 3,602 4,263 775 894 3,455 619 1,160

GROSS DOMESTIC PRODUCT - FIRST QUARTER 202046

Page 47: GROSS DOMESTIC PRODUCT FIRST QUARTER 2020 · 2020-06-11 · Gross Domestic Product (GDP) estimates assist in the analysis of short-term movements in the economy, as opposed to the

Table D: Quarterly Gross Domestic Product by Activity in Constant 2015 Prices - million N$ (Cont)

YearQua-rter

Information and Commu-

nication

Financial service

activities

Real estate and

Professional services activities

Admini-strative and

support services

Public admi-

nistration

Edu-cation

Health Other All indust.

at basic prices

Taxes on products

GDP at market prices

2013 1 437 2,120 1,894 366 4,306 2,741 877 788 29,107 2,381 31,488 2 446 2,212 2,012 475 2,862 2,693 1,015 776 30,125 2,598 32,723 3 519 2,294 2,002 457 4,317 3,470 958 777 31,500 2,682 34,182 4 434 2,379 2,022 523 2,916 3,227 1,051 791 30,201 2,762 32,963

2014 1 444 2,397 1,988 326 3,727 3,110 1,301 819 30,278 2,384 32,662 2 429 2,450 2,030 474 3,046 3,143 893 838 31,961 2,406 34,367 3 514 2,545 2,056 420 4,267 3,579 890 850 32,751 2,769 35,520 4 502 2,577 2,118 595 3,351 3,302 1,253 852 33,403 2,967 36,369

2015 1 523 2,501 2,035 332 4,310 3,244 1,482 847 32,741 2,606 35,347 2 525 2,517 2,135 510 3,681 3,083 1,132 845 33,403 2,707 36,110 3 528 2,566 2,184 515 4,955 3,264 1,151 847 34,181 3,042 37,223 4 531 2,590 2,251 575 3,761 3,216 1,417 852 33,430 3,098 36,528

2016 1 539 2,539 2,146 325 4,150 3,469 1,747 860 33,523 2,834 36,358 2 538 2,538 2,199 393 3,761 3,132 1,308 867 32,438 2,809 35,248 3 583 2,582 2,172 358 5,093 3,343 1,210 872 33,679 2,957 36,637 4 574 2,629 2,228 546 3,681 3,304 1,424 876 33,350 3,207 36,557

2017 1 553 2,609 2,179 320 4,247 3,398 1,692 871 33,039 2,733 35,772 2 543 2,648 2,192 365 3,922 3,307 1,273 869 32,732 2,749 35,480 3 615 2,688 2,276 415 4,962 2,951 1,210 868 33,165 2,876 36,042 4 657 2,710 2,265 486 3,915 3,367 1,766 868 34,147 2,987 37,134

2018 1 571 2,606 2,254 264 4,622 3,007 1,647 867 33,656 2,784 36,440 2 571 2,622 2,279 360 4,084 3,319 1,226 867 34,033 2,919 36,952 3 593 2,678 2,265 458 5,113 3,358 1,166 865 33,523 2,771 36,294 4 580 2,747 2,311 517 3,341 3,405 1,374 860 32,824 2,927 35,751

2019 1 605 2,715 2,247 284 3,962 3,013 1,540 853 32,568 2,671 35,239 2 610 2,786 2,282 371 4,022 3,406 1,166 848 33,346 2,824 36,170 3 656 2,875 2,328 376 5,139 3,444 1,099 844 33,447 2,613 36,060 4 643 2,919 2,386 471 4,414 3,579 1,348 842 33,742 2,838 36,580

2020 1 643 2,779 2,308 269 3,863 3,188 1,576 842 32,270 2,702 34,971

47GROSS DOMESTIC PRODUCT - FIRST QUARTER 2020

Page 48: GROSS DOMESTIC PRODUCT FIRST QUARTER 2020 · 2020-06-11 · Gross Domestic Product (GDP) estimates assist in the analysis of short-term movements in the economy, as opposed to the

Table E: Quarterly Gross Domestic Product by Activity in Constant 2015 Prices – Percentage changes

Year QuarterAgriculture

and ForestryFishing

Mining and

quarrying

Manufac-turing

Electricity and water

Construc-tion

Wholesale and retail

trade

Hotels and restau-rants

Transport and storage

2013 1234

2014 1 -19.9 28.8 -4.6 -8.9 -6.6 31.0 22.2 13.5 9.5 2 11.0 19.0 0.8 -1.8 3.8 34.7 2.9 11.7 7.2 3 -0.2 3.5 -16.0 6.7 11.8 40.9 12.2 13.0 11.8 4 5.2 -13.3 -0.8 15.2 14.5 54.3 14.4 6.7 10.6

2015 1 -8.2 -3.7 3.3 1.7 13.7 38.3 7.7 11.5 28.2 2 -31.9 -4.7 -4.7 3.2 3.6 41.3 11.5 7.4 21.3 3 -10.4 -15.1 11.8 -5.5 -1.4 18.3 7.6 -4.6 12.9 4 4.7 -15.4 -11.6 -10.3 6.2 0.9 1.6 5.6 16.9

2016 1 -11.9 7.9 -3.7 14.6 16.4 -25.7 8.0 4.7 -5.7 2 -2.2 16.9 -25.4 4.0 22.6 -49.0 2.4 -1.1 3.0 3 -16.0 5.7 -10.7 13.7 21.7 -44.1 -5.7 8.9 7.2 4 -6.9 19.0 -2.4 9.1 26.7 -45.9 2.1 3.6 13.5

2017 1 11.9 7.9 7.1 -5.5 -3.1 -41.6 -3.1 -5.0 7.0 2 19.5 -8.0 17.5 -2.3 -14.7 -27.9 -5.3 5.1 -7.1 3 24.3 0.0 11.2 0.7 -17.9 -16.0 -9.3 1.1 -12.1 4 -2.5 5.5 21.9 3.0 -29.7 0.6 -9.6 -6.3 -5.9

2018 1 0.2 -2.6 19.9 4.2 7.3 14.1 -6.4 12.2 -13.3 2 -13.1 1.5 39.0 1.5 18.8 -1.7 0.1 9.8 -1.7 3 -3.1 4.5 12.0 -1.8 16.0 -19.9 -9.7 1.0 -4.4 4 8.9 -3.1 -1.8 0.5 12.5 -23.0 -9.1 -1.0 5.9

2019 1 -5.1 -0.4 -6.5 5.9 -10.2 -26.6 -5.7 -5.1 17.3 2 -28.9 14.6 -25.5 14.6 3.7 -0.2 -3.8 0.2 1.3 3 -5.2 12.5 -7.8 -0.9 -8.6 21.3 -7.4 7.8 -1.9 4 8.8 -5.6 -3.3 -4.9 -6.5 13.5 -1.9 6.3 -26.3

2020 1 -13.0 3.1 -3.3 -8.3 1.6 19.8 -0.5 -4.1 -7.0

GROSS DOMESTIC PRODUCT - FIRST QUARTER 202048

Page 49: GROSS DOMESTIC PRODUCT FIRST QUARTER 2020 · 2020-06-11 · Gross Domestic Product (GDP) estimates assist in the analysis of short-term movements in the economy, as opposed to the

Table E: Quarterly Gross Domestic Product by Activity in Constant 2015 Prices – Percentage changes (Cont...)

YearQua-rter

Information and Commu-

nication

Financial service

activities

Real estate and

Professional services activities

Admini-strative and

support services

Public admi-

nistration

Edu-cation

Health Other All indust.

at basic prices

Taxes on products

GDP at market prices

2013 1234

2014 1 1.6 13.1 4.9 -11.0 -13.4 13.4 48.3 3.8 4.0 0.1 3.7 2 -3.7 10.8 0.9 -0.3 6.4 16.7 -12.0 8.1 6.1 -7.4 5.0 3 -1.1 11.0 2.7 -8.2 -1.2 3.1 -7.1 9.4 4.0 3.2 3.9 4 15.6 8.3 4.8 13.8 14.9 2.3 19.2 7.7 10.6 7.4 10.3

2015 1 17.8 4.4 2.4 2.0 15.6 4.3 13.9 3.5 8.1 9.3 8.2 2 22.3 2.8 5.2 7.7 20.9 -1.9 26.8 0.8 4.5 12.5 5.1 3 2.8 0.8 6.2 22.8 16.1 -8.8 29.3 -0.3 4.4 9.9 4.84 5.9 0.5 6.3 -3.3 12.2 -2.6 13.1 -0.1 0.1 4.4 0.4

2016 1 3.0 1.5 5.5 -2.2 -3.7 6.9 17.9 1.6 2.4 8.8 2.9 2 2.5 0.8 3.0 -23.1 2.2 1.6 15.5 2.6 -2.9 3.8 -2.4 3 10.4 0.6 -0.5 -30.4 2.8 2.4 5.1 3.0 -1.5 -2.8 -1.6 4 7.9 1.5 -1.1 -5.1 -2.1 2.7 0.5 2.8 -0.2 3.5 0.1

2017 1 2.6 2.7 1.5 -1.6 2.4 -2.1 -3.2 1.2 -1.4 -3.6 -1.6 2 0.8 4.3 -0.3 -7.1 4.3 5.6 -2.7 0.2 0.9 -2.2 0.7 3 5.6 4.1 4.7 15.8 -2.6 -11.7 0.0 -0.5 -1.5 -2.7 -1.6 4 14.5 3.1 1.7 -11.0 6.4 1.9 24.0 -0.9 2.4 -6.9 1.6

2018 1 3.3 -0.1 3.5 -17.5 8.8 -11.5 -2.7 -0.5 1.9 1.9 1.9 2 5.2 -1.0 3.9 -1.3 4.1 0.4 -3.7 -0.2 4.0 6.2 4.1 3 -3.6 -0.4 -0.5 10.4 3.0 13.8 -3.6 -0.4 1.1 -3.7 0.7 4 -11.7 1.3 2.0 6.4 -14.7 1.1 -22.2 -0.9 -3.9 -2.0 -3.7

2019 1 6.1 4.2 -0.3 7.3 -14.3 0.2 -6.5 -1.5 -3.2 -4.0 -3.3 2 6.8 6.2 0.1 3.0 -1.5 2.6 -4.9 -2.2 -2.0 -3.3 -2.1 3 10.6 7.4 2.8 -18.0 0.5 2.6 -5.7 -2.4 -0.2 -5.7 -0.6 4 10.8 6.3 3.3 -9.0 32.1 5.1 -1.9 -2.1 2.8 -3.0 2.3

2020 1 6.2 2.4 2.7 -5.0 -2.5 5.8 2.3 -1.4 -0.9 1.1 -0.8

49GROSS DOMESTIC PRODUCT - FIRST QUARTER 2020

Page 50: GROSS DOMESTIC PRODUCT FIRST QUARTER 2020 · 2020-06-11 · Gross Domestic Product (GDP) estimates assist in the analysis of short-term movements in the economy, as opposed to the

Appendix 1 Methodological NotesSystem of National Accounts 2008:

The SNA 2008 is an internationally agreed methodology used for compilation of national accounts estimates published by the United Nations in co-operation with other international organizations. This means that the methodology, concepts and classifications are in accordance with the latest guidelines of an internationally agreed system of national accounts.

Quarterly GDP estimates:

Quarterly estimates of value added in real terms are less comprehensive and therefore need to be aligned to the annual real estimates. Short-term indicators are used to estimate the quarterly GDP. In terms of coverage, quarterly indicators are not as reliable as in instances where the results of annual estimates are used. Therefore, the quarterly estimates must be adapted to the independent annual estimates when such estimates become available. To this extent, the Proportional Denton Method, which is a technique that generates a series of the quarterly estimates as proportional to the indicator as possible subject to the restrictions provided by the annual data is used.

Classifications:

The estimates of value added by industry are classified according to the fourth revision of the International Standard

Industrial Classification of all Economic Activities (ISIC), with suitable adaptations for Namibian conditions. FISIM: Financial Intermediation Services Indirectly Measured

Regional breakdown:

The following regions are represented by municipalities and town councils in respective towns that are surveyed by the NSA;Central region: WindhoekNorthern region: Okahandja, Otjiwarongo, Outjo, Grootfontein, Tsumeb, Ondangwa, Oshakati, Ongwediva, Okakarara, Rundu and Katima-MuliloEastern region: GobabisWestern region: Swakopmund, Walvis Bay, Henties Bay, Karibib, Usakos and OmaruruSouthern region: Keetmanshoop, Mariental, Karasburg, Nami≠Nüs (Lüderitz) and Rehoboth

Rounding off:

There may be rounding off differences that may occur when manually calculating figures as compared to the values published in this report. This report used the MS Excel to round off to the nearest decimal. Please refer to the excel tables.

GROSS DOMESTIC PRODUCT - FIRST QUARTER 202050

Page 51: GROSS DOMESTIC PRODUCT FIRST QUARTER 2020 · 2020-06-11 · Gross Domestic Product (GDP) estimates assist in the analysis of short-term movements in the economy, as opposed to the

51GROSS DOMESTIC PRODUCT - FIRST QUARTER 2020

Notes

Page 52: GROSS DOMESTIC PRODUCT FIRST QUARTER 2020 · 2020-06-11 · Gross Domestic Product (GDP) estimates assist in the analysis of short-term movements in the economy, as opposed to the

GROSS DOMESTIC PRODUCT - FIRST QUARTER 202052

Notes

Page 53: GROSS DOMESTIC PRODUCT FIRST QUARTER 2020 · 2020-06-11 · Gross Domestic Product (GDP) estimates assist in the analysis of short-term movements in the economy, as opposed to the

53GROSS DOMESTIC PRODUCT - FIRST QUARTER 2020

Notes

Page 54: GROSS DOMESTIC PRODUCT FIRST QUARTER 2020 · 2020-06-11 · Gross Domestic Product (GDP) estimates assist in the analysis of short-term movements in the economy, as opposed to the

GROSS DOMESTIC PRODUCT - FIRST QUARTER 202054

Namibia Statistics AgencyP.O. Box 2133, FGI House, Post Street Mall,Windhoek, Namibia

Tel: +264 61 431 3200Fax: +264 61 431 3253

Email: [email protected]