WINDHOEK, March 26 (Xinhua) -- Namibia's domestic economy continued to be suppressed in 2019, contracting by 1.1 percent compared to an increase of 0.7 percent registered in 2018, according to a report from the country's statistics agency on Thursday.
The Namibia Statistics Agency (NSA) on Thursday released the 2019 Preliminary National Accounts Report which reflects on the preliminary assessment of the domestic economic performance in 2019.
Statistician-general Alex Shimuafeni said the domestic economy's poor performance is attributable to the primary industries in 2019.
According to Shimuafeni the subdued performance in the primary industries was witnessed across the sectors with the agriculture, forestry and fishing" sector posting a decline of 2.6 percent and mining and quarrying sector dropping by 11.1 percent in real value-added.
"The contraction in GDP was mainly due to the primary industries that declined by 7.8 percent in 2019 compared to an increase of 8.5 percent in 2018," he added.
However, Shimuafeni said that tertiary industries recovered to record a positive growth whilst the Secondary industries registered a constant growth relative to the preceding year. Enditem
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