Category: EAN Commentaries

Third quarter 2018 trade statistics – Value of domestically produced exports increased further

The Namibia Statistics Agency (NSA) has released the trade statistics for the third quarter 2018 on 13 December 2018. The trade statistics refer to trade in goods only and exclude the trade in services. Namibia usually achieves a surplus in the trade of services. Herewith a few highlights: The value of exports increased by 2.1% …

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October 2018 inflation rate – transport inflation pushes up overall inflation

The Namibia Statistics Agency has released the Consumer Price Index (CPI) for October 2018 on 15 November 2018. The CPI is being used to calculate the month-on-month (compared to the previous month) and year-on-year (compared to the same month in the previous year) inflation rates. The annual inflation rate rose from 4.8% in September 2018 …

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Mid-year Budget Review – Fiscal consolidation on course despite economic headwinds

The Minister of Finance presented the fourth Mid-year Budget Review on 24 October 2018. The review serves two purposes, namely to propose internal re-allocation of approved funds and to provide some first hints about the next Medium-term Expenditure Framework. It is not a proposal for the allocation of additional funds. Herewith a few highlights. Revenue …

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Private sector credit extension September 2018 – demand by businesses remains strong

The Bank of Namibia has released selected statistical data for September 2018 that cover among others the extension of credit to the private sector (PSCE). Herewith some of the highlights: Total credit extended to the private sector rose by 7.3% compared to September 2017- the fastest pace on an annual basis since May 2017 –to …

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Doing Business Report – Namibia down one place to 107

The World Bank has released its annual Doing Business Report 2019 on 31 October 2018. The World Economic Forum’s Global Competitiveness Report, released just a fortnight ago, and the World Bank’s Doing Business Report provide among others governments, investors and financial institutions with information on factors crucial for investors. The Doing Business Report covers ten …

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