World Bank releases the Doing Business 2018 report
The World Bank has released its annual ‘Doing Business 2018’ report on 31 October 2017. Like last year, 190 countries are included in the analysis. The assessment is based on ten areas such as starting a business, getting electricity, dealing with construction permits etc. Below is a summary of some of the highlights: Namibia improved […]
NSA releases the Consumer Price Index for September 2017
The Namibia Statistics Agency (NSA) has released the Consumer Price Index for September 2017 on 12 October 2017. The annual inflation rate for September 2017 increased for the first time this year. Herewith a few highlights: The annual inflation rate (September 2017 compared to September 2016) increased slightly from 5.4% in August 2017 to 5.6% […]
EAN Commentary – Second quarter GDP statistics
The Namibia Statistics Agency (NSA) released the second quarter Gross Domestic Product (GDP) data on 21 September 2017. The GDP data for the second quarter 2017 are compared to the GDP figures for the second quarter 2016 (year-on-year). The Namibian economy continued to contract at the same pace as in the first quarter 2017, namely […]
EAN Commentary – Quarterly Trade Statistics for the Second Quarter 2017
The Namibia Statistics Agency (NSA) has officially released the Quarterly Trade Statistics for the Second Quarter on 21 September 2017. Herewith a few highlights: The revision of the first quarter trade statistics resulted in a widening trade gap. Although total exports were revised upwards to NAD15,607 million, the trade deficit increased from NAD4,695 million to […]
EAN Commentary – Consumer Price Index August 2017
NSA releases the Consumer Price Index for August 2017 The Namibia Statistics Agency (NSA) has released the Consumer Price Index for August 2017 on 14 September 2017. The annual inflation rate remained unchanged compared to July 2017. Herewith a few highlights: The annual inflation rate remained at 5.4% compared to August 2016. It remains the […]
EAN Commentary – National Accounts 2016
NSA releases the National Accounts for 2016 The Namibia Statistics Agency (NSA) released the Final National Accounts 2016 on 17 August 2017. Overall economic growth in 2016 was stronger (1.1 percent) than initially estimated in the Preliminary National Accounts (0.2 percent). Following are some of the highlights: Gross Domestic Product in current prices increased from […]
EAN Commentary – Monetary Policy Statement August 2017
BoN releases Monetary Policy Statement The Bank of Namibia has released the Monetary Policy Statement on 16 August 2017. The Monetary Policy Committee has decided to cut the repo rate by 25 basis points from 7.00 percent to 6.75 percent. The BoN has followed the step taken by the South African Reserve Bank that cut […]
EAN Commentary – Consumer Price Index July 2017
NSA releases Consumer Price Index for July 2017 The Namibia Statistics Agency (NSA) has released the Consumer Price Index for July 2017 on 10 August 2017. Inflation continued its downward trend that started in February 2017, when inflation declined from 8.2 percent in January to 7.8 percent. Herewith a few highlights: Inflation slowed down to […]
EAN commentary – Moody’s downgrades Namibia to non-investment grade
Moody’s downgrades Namibia to non-investment grade Moody’s Investors Services has downgraded Namibia’s long-term senior unsecured bond and issuer rating from Baa3 to Ba1 with a negative outlook on 11 August 2017. This has moved Namibia from a lower-medium investment grade to a non-investment grade or to ‘junk’ status as it is often referred to. Moody’s […]
NSA releases Consumer Price Index for June 2017
The Namibia Statistics Agency (NSA) has released the Consumer Price Index for June 2017 today. Inflation continued its downward trend that started in February 2017. Herewith a few highlights: Inflation slowed down to 6.1 percent compared to June 2016; Slowest price increases since February 2016; 2.1 percentage points below the inflation rate in January 2017 […]