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Analysis by Region - Emerging Markets - Namibia

Publisher Oxford Economics
Published Jan 15, 2026
Length 7 Pages
SKU # OFE20872852

Description

The Namibian economy did not meet the government's optimistic growth expectations in 2025. However, we anticipate that better rainfall, a continued ramp-up in uranium output, a strong gold price, low inflation, and some monetary easing should support a moderate acceleration in economic growth in 2026. Following recent weaker-than-expected GDP figures, we have lowered our 2025 real GDP growth estimate to 1.9% from 2.2% and our 2026 forecast to 2.8% from 3.1%.

Table of Contents

7 Pages
Namibia: Robust uranium and cooling inflation support outlook
Forecast overview
Recent developments
Short-term outlook
Key drivers of our short-term forecast
Economic risk
Economic risk evaluation
Long-term prospects
Alternative long-run scenarios
Background
Economic development
Structure of the economy
Balance of payments
Policy and politics

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