gross domestic product third quarter 2020 · a contraction of 10.5 percent during the third quarter...

1GROSS DOMESTIC PRODUCT - THIRD 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

THIRD QUARTER 2020

GROSS DOMESTIC PRODUCT - THIRD 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”


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

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

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

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

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

4.1 Agriculture and forestry ...............................................................................10

4.2 Fishing and fish processing on board ..........................................................12

4.3 Mining and quarrying ..................................................................................14

4.4 Manufacturing .............................................................................................18

4.5 Electricity and water ....................................................................................21

4.6 Construction .................................................................................................25

4.7 Wholesale and retail trade ..........................................................................28

4.8 Hotels and restaurants ................................................................................30

4.9 Transport and storage ..................................................................................32

4.10 Information and communications ............................................................34

4.11 Financial Services activities .......................................................................35

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

4.13 Administrative and support service ..........................................................39

4.14 Public administration, education and health ............................................40

4.15 Other services ............................................................................................40

Appendix 1 Methodological Notes .................................................................49

Table of Contents

The domestic economy slides into deeper recession, recording a contraction of 10.5 percent during the third quarter of 2020 compared to a decline of 2.1 percent recorded in the corresponding quarter of 2019. Year on year, real GDP stood at N$ 32.1 billion in the third quarter of 2020 when compared to N$ 35.9 billion in the corresponding quarter of 2019, representing a decline of N$ 3.7 billion. In nominal terms, GDP stood at N$ 44.7 billion in the quarter under review relative to the N$ 45.8 billion posted in the same quarter of 2019. This shows that value added declined by N$ 1.1 billion. Nominal GDP in the second quarter of 2020, posted an amount of N$42.3 billion compared to N$43.9 billion in the corresponding period of 2019.

The poor performance of this quarter was observed across the major sectors of the economy, with the Hotels and Restaurants registering the worst performance declining by 54.9 percent in real value added. The following sectors registered huge declines: mining and quarrying (30.7 percent), ‘administrative and support services’ (27.7 percent), manufacturing (24.6 percent), ‘transport and storage’ (23.6 percent) and fishing sector (15.6 percent).

However, positive performances were observed in the ‘Information and communication’ sector growth as demand for data services and internet connectivity surged from educational institutions, businesses and household during the reporting period. The sector registered strong growth of 13.8 percent in real value added. The increase in COVID-19 cases reported, resulted in high demand for health workers, resulting in improved performance for the health sector, registering a 10.3 percent growth in value added. Construction and ‘Electricity and water’ sectors posted positive performance of 7.5 percent and 5.0 percent respectively in value added during the period under review.

I would 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. Further let me express my appreciation to all the data providers; both the institutions and individuals, without whose contributions the publication would not have been possible.

Finally, allow me to use this opportunity to remind ourselves to adhere to the COVID-19 precautionary measures as we enter the festive season. It is through these adherences that we can curb the further spread of the COVID-19 virus and subsequently allow the economy to grow through a healthy and productive workforce, inter alia.

Alex ShimuafeniStatistician-General & CEO Windhoek, December 2020

This publication presents an overview of economic developments during the third 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).

As part of measures instituted by government to reign in the spread of COVID-19, a state of emergency was declared from the 27 March 2020 to the end of September 2020 to be implemented in stages, starting with stage 1. These measures resulted in the closure of most of the businesses that are deemed not to be providing essential services. Following the lock down, Namibia progressed in different stages of easing the lock down up until the fourth stage.


PREFACE

1 IntroductionThe main purpose for compiling quarterly national accounts is to provide timely and more 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 provide 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 (SNA 2008) are followed for both accounts. Since quarterly and annual estimates are often based on different data sources, the annual total derived from the sum of the four quarters under consideration differs from annual estimates based on a 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.

Table A: Sectoral growth rate revisions for the second quarter of 2020

SectorsSecond quarter 2020 in

percent as recordedRevised second quarter

2020 in percentDifference

Agriculture 47.2 57.9 10.6

Fishing -10.5 -11.7 -1.3

Mining and quarrying -2.6 -2.0 0.6

Manufacturing -30.8 -28.0 2.7

Electricity and water -2.5 -3.5 -1.0

Construction -0.7 -8.7 -8.0

Wholesale and retail trade -22.5 -21.0 1.5

Hotels and restaurants -64.2 -64.2 0.0

Transport and storage -30.4 -30.4 0.0

Information and communications 11.0 16.6 5.6

Financial service activities -1.3 -1.3 0.0

Real estate activities and professional services -2.7 -2.7 0.0

Administrative and support services -29.2 -29.2 0.0

Public administration -5.1 -5.1 0.0

Education -1.2 -1.1 0.0

Health 6.0 6.0 0.0

Other private services -43.7 -44.8 -1.1

All industries at basic prices -9.9 -8.9 1.0

Taxes on products -25.8 -24.6 1.2

GDP -11.1 -10.1 1.0

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

2 RevisionsRevisions in the National Accounts are always necessary because it allows for incorporation of additional and improved data that were not available at the release date. The revisions are also caused by the process of reconciling the quarterly measures with the annual measures as the quarterly measures are based on a smaller range of data than the annual measures. Depending on the extent of availability of more comprehensive data, revisions are made to estimate of the quarters up to the last three years.

The revisions made in the second quarter of 2020 are outlined in Table 1. Based on the revised changes, real GDP growth for the second quarter of 2020 posted a contraction of 10.1 percent compared to a decline of 11.1 percent that was reported in the second quarter GDP publication. The major revisions were observed in the following sectors: ‘Agriculture’ (10.6 percentage points), ‘Construction (-8.0 percentage points) and Information and communications (5.6 percentage points). The revision in the sectors was mainly necessitated by the updated data received from the sources.


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

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Figure 1: GDP growth rate

The real GDP contracted by 10.5 percent during the period under review, compared to a decline of 2.1 percent in the same quarter of 2019 (Figure 1). The deeper reduction in the domestic economy was observed across all sectors of the economy except for the ‘Information and communication’, Health, Construction and ‘Electricity and water sectors. The poor performance of the economy was mainly due to the impact of the measures that was put in place to combat the spread of the COVID-19 pandemic.

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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

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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

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‘Hotels and restaurants’ sector recorded the deepest contraction of 54.9 percent in real value added compared to a decline of 8.1 percent registered in the same quarter of 2019 (Figure 2). The poor performance in the sector was due to the lock-down imposed across the country resulting in reduced demand for leisure and conferencing activities.

However, a strong performance was observed in the Information and communication’ sector which recorded a growth of 13.8 percent in real value added for the third quarter of 2020 compared to an increase of 10.6 percent registered in the corresponding quarter of 2019. The strong performance is attributed to increase activities for calls and data usage as household and business stayed connected during the pandemic.

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Figure 2: Selected sectors value added performance growth rates


In spite of the Hotels and Restaurants sector recording the deepest contraction of 54.9 percent, the contribution to the overall decline 10.5 percent represents a reduction of 1.4 percentage points whereas the highest percentage point contributor is the manufacturing sector that posted 3.1 percentage points to the overall GDP growth rate (Figure 3).

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Figure 3: Contribution to GDP growth rate


4.1 Agriculture and forestry

“Agriculture and forestry” sector recorded a decline of 2.5 percent in real value added in third quarter of 2020 in comparison a contraction of 5.5 percent in the same period in 2019.

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Value Added Agriculture RHS Crop farming LHS

Figure 4: Agriculture real value added growth rate

The weak performance is attributable to the Forestry subsector that registered a decline of 25.0 percent in real value added in the third quarter 2020 compared to a growth of 0.9 percent recorded in the corresponding quarter of 2019. This is due to reduced activities in the harvesting of timber resulting from the lock-down.

Furthermore, the Livestock subsector registered a decline of 1.0 percent in real value added, albeit an improved performance during the period under review compared to a contraction of 7.6 percent in the same quarter of 2019. The sluggish performance is attributable to weak demand by export markets, reduced animals for slaughter however, herd-stock is increasing minimizing the impact.

Cattle export to abattoirs and butchers registered a decline of 68.0 percent compared to a growth of 101.1 percent recorded in the corresponding quarter of 2019. Furthermore, small livestock marketed to abattoirs and butchers posted a decline of 60.9 percent compared to a decline of 51.9 percent registered in the corresponding quarter of 2019 (Figure 5).

Cattle exported live to South Africa and Angola contracted to 36.3 percent relative to a decline of 10.6 percent in 2019. Furthermore, small livestock exported live to South Africa and “other destinations” posted a decline of 51.6 percent during the period under review compared to a contraction of 22.0 percent in 2019.


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Figure 5: Number of livestock marketed, volume index 2015 = 100

However, the Crop subsector posted a slow growth of 3.7 percent in real value added in the third quarter relative to the 7.5 percent registered in the corresponding quarter of 2019.


4.2 Fishing and fish processing on board

The ‘Fishing and fish processing on board’ sector is estimated to have registered a decline of 15.6 percent in real value added in the third quarter of 2020 compared to a strong growth of 12.7 percent recorded in the corresponding quarter of 2019, (Figure 6).

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Figure 6: Fishing and fish processing on board real value added growth rate

The weak performance witnessed in the sector was mainly reflected in both demersal fisheries landings and mid-water fisheries landings, which recorded a decline of 10.7 percent and 23.8 percent, respectively (Figure 7).


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Figure 7: Fish landings, volume index 2015= 100


4.3 Mining and quarrying

Mining and quarrying sector is estimated to have registered a decline of 30.7 percent in real value added during the third quarter of 2020, compared to a decline of 7.9 percent recorded in the corresponding quarter 2019 (Figure 8).

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Figure 8: Mining and quarrying real value added growth rate

The poor performance in mining and quarrying sector is attributed to diamond mining, metal ores mining and other mining & quarrying subsectors that posted declines in real value added.

Diamond subsector is estimated to have recorded a decline of 43.0 percent in real value added in the third quarter of 2020, compared to a decline of 6.7 percent recorded in the corresponding quarter of 2019. The performance of this subsector is attributed to the reduction in the production due to closure of one diamond mine as compared to last year same quarter (Figure 9).


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Figure 9 Diamond production and sales in thousands of carats

In addition, metal ores subsector estimated to have registered a decline of 13.3 percent in real value added compared to growth of 3.4 percent registered in the corresponding quarter of 2019. The performance in metal ores is attributed to the reduction in gold and zinc productions due to Covid-19 and temporary closure of one zinc mine, registering declines of 15.5 percent and 3.4 percent respectively (Figure 10).

Moreover, other mining and quarrying subsector registered a decline of 36.3 percent in real value added in the third quarter of 2020, compared to a growth of 13.3 percent recorded in the same quarter of 2019. The performance in the sector is attributed to the reduction in the production of salt, granite and marble.


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Figure 10: Metal Ores Volume Index 2015 = 100

However, Uranium mining subsector is estimated to have recorded a growth of 5.5 percent in real value added compared to a decline 26.5 percent recorded in the same quarter of 2019. This performance is attributed to low base of last year’s production (Figure 11).


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Figure 11: Uranium production in short tons


4.4 ManufacturingThe ‘Manufacturing’ sector recorded a declines of 24.6 percent in real value added during the third quarter of 2020 compared to a decline of 3.5 percent recorded in the corresponding quarter of 2019 (Figure 12).

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Figure 12: Manufacturing real value added growth rate

The contractionary performance in the sector is observed across the majority of the subsectors of manufacturing except for diamonds processing and ‘leather and leather products’ subsectors. The contractionary performance in the sector is attributed mainly to substantial declines in the subsectors of basic metals, beverages and other food products that registered negative growths of (63.7 percent), (39.4 percent) and (12.2 percent) during the third quarter of 2020 compared to positives growths of (18.6 percent), (11.4 percent) and (7.6 percent) in the corresponding quarter of 2019, respectively (Figure 13).


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Beverages Other food products Basic metals

Figure 13: Beverages, basic metals and other food products

Similarly, subsectors such as ‘Fabricated metals’, ‘Fish processing on shore’ and ‘Chemicals and chemical products’ have also registered substantial declines in real value added of 21.2 percent, 11.8 percent and 10.3 percent in the third quarter of 2020 compared to declines of 3.0 percent, 13.5 percent and a growth of 10.2 percent registered in the corresponding quarter of 2019, respectively (Figure 14).


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Fabricated metal products Chemicals and chemical products Fish processing on shore

Figure 14: Fabricated metals, chemicals and chemical products and fish processing on shore real value added growth rates

Other subsectors also recorded declines in their real value added, ‘Meat processing (67.0%)’, ‘Grain mill products (3.6%)’, ‘Dairy products’ (3.5%), ‘Textiles and wearing apparel (2.8%)’, ‘Other non-metallic mineral products (1.8%)’, ‘Rubber and plastic products’ (8.7%), ‘Paper products, Publishing and printing’ (8.8%), and ‘Wood and wood products’ (8.0%).

On the other hand, ‘Diamond cutting and polishing’ and ‘Leather and leather products’ subsector registered a growths of 3.4 percent and 10.5 percent during the third quarter of 2020 compared to a negative growth of 34.9 percent and 16.2 percent recorded in the corresponding quarter of 2019.


4.5 Electricity and waterElectricity and water sector posted a growth of 5.0 percent in real value added during the third quarter of 2020 in comparison to a decline of 12.2 percent estimated in the parallel quarter of 2019, (Figure 15).

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Figure 15: Electricity and water real value added growth rate

The improvement in the sector is attributed to the electricity supply subsector that grew by 4.6 percent in real value added during the period under review when compared to a contraction of 23.1 percent estimated in the third quarter of 2019 (Figure 16). The growth in the sector is reflected in the growth observed in local production mainly in Independent Power Producer (IPP's) solar and high influx of water in the Kunene River.

Similarly, the water supply subsector recorded a marginal growth of 5.5 percent in real value added during the third quarter of 2020 in contrast to a growth of 5.8 percent in the parallel quarter of 2019. The sluggish growth is mainly due to increased water consumption in irrigation programmes and domestic consumption as a result of the resumption of businesses.


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Electricity Value Added Water Value Added

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

The volume of electricity sales stood at 848 343 kWh during the third quarter of 2020, representing a 0.2 percent decrease from the 849 797 kWh recorded in the same quarter of 2019 (Figure 17).


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

The country’s own generation of electricity more than double during the period under review, recording 488 599 kWh on an annual basis, while as the import of electricity decreased by 32.0 percent year on year, which stood at 651 517 kWh, (Figure 18).


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Figure 18: Sources of electricity in millions of KWH


4.6 Construction1 The Construction sector recorded a slow growth of 7.5 percent in real value added during the third quarter of 2020 compared to a strong growth of 23.3 percent registered in the corresponding quarter of 2019 (Figure 19).

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Figure 19: Construction real value added growth rate

The performance in the sector was reflected in real value of government expenditure on construction, that posted a growth of 3.6 percent during the third quarter of 2020 compared to strong growths of 21.6 percent in the corresponding quarter of 2019 (Figure 20).

1 The methodology to estimate value added for construction uses a simple moving average of two quarters of government construction, imports of cement, and buildings completed as

construction spans over time


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Figure 20:Real value of government expenditure on construction

In addition, buildings completed also posted a growth in real value of 89.1 percent during the third quarter of 2020 compared to a negative growth of 4.6 percent in the same quarter of 2019 (Figure 21).


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Figure 21: Real value of buildings completed-millions N$

However, the production of cement declines further in the real value recording a negative growth of 12.8 percent compared to 7.4 percent registered in the corresponding quarter of 2019.


4.7 Wholesale and retail tradeThe wholesale and retail trade sector is estimated to have registered a decline of 3.0 percent in real value added during the third quarter of 2020, compared to a decline of 12.8 percent registered in the corresponding quarter of 2019, (Figure 22). Albeit a decline, it shows an improved performance when compared to last year same quarter.

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


The performance of the sector is reflected in the revenue of vehicles and clothing subsectors that posted a decline of 3.3 percent and 9.9 percent during the third quarter of 2020 (Figure 23).

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Figure 23: Revenue of Wholesale and retail trade – Millions N$


4.8 Hotels and restaurantsThe ‘Hotels and restaurants’ sector recorded a decline in real value added of 54.9 percent during the third quarter of 2020 compared to a decline of 8.1 percent registered in the corresponding quarter of 2019 (Figure 24).

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Figure 24: Hotels and restaurants value added growth rate

The poor performance in the sector 'Hotels and restaurants' is attributable to reduced demand for leisure and conferencing activities as the result of the lockdown which has restricted international travel and to some extend local travel during the period under review.


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20.0

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2014 2015 2016 2017 2018 2019 2020

Percen

tage

Hotels Restaurants

Figure 25: "Hotels" and "Restaurants" value added growth rates


4.9 Transport and storage‘Transport and storage’ sector posted a decline of 23.6 percent in real value added in the third quarter of 2020 in comparison to a decline of 1.5 percent recorded in the corresponding quarter of 2019, (Figure 26).

-35.0

-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


2014 2015 2016 2017 2018 2019 2020

Percen

tage

Figure 26: Transport and storage real value added growth rate

The weak performance of the sector is attributed to all the subsectors of ‘Transport and storage’ that recorded declines in real value added with exception to ‘Port services’ and ‘other transport supporting and auxiliary transport activities’ subsectors which posted positive growths of 30.6 percent and 7.2 percent in real value added, respectively.


-

200

400

600

800

1,000

1,200

1,400

1,600

1,800

2,000


2014 2015 2016 2017 2018 2019 2020

Thou

sand

s of t

onne

s

Figure 27: Cargo handled in thousands of tonnes

Contrary to the weak performance experienced across the most subsectors of ‘Transport and storage’, the Port services subsector recorded a positive growth of 30.6 percent in real value added compared to a decline of 12.1 percent observed in the same quarter of 2019. The improved performance is attributed to an increase in the cargo handled at the port, (Figure 27).


4.10 Information and communicationsThe ‘Information and communication’ sector recorded a strong growth of 13.8 percent in real value added in 2020 compared to a growth of 10.6 percent registered in the corresponding quarter of 2019 (Figure 28).

-15.0

-10.0

-5.0

0.0

5.0

10.0

15.0

20.0

25.0


2014 2015 2016 2017 2018 2019 2020

Perc

enta

ge

Figure 28: Information and communication value added growth rates

The positive performance in the sector is attributed to the number of minutes used that increased during the period under review.


4.11 Financial services activitiesThe ‘Financial services activities’ sector contracted by 4.2 percent in real value added during the third quarter of 2020 compared to a growth of 7.4 percent recorded in the corresponding quarter of 2019 (Figure 29).

-6.0

-4.0

-2.0

0.0

2.0

4.0

6.0

8.0

10.0

12.0

14.0


2014 2015 2016 2017 2018 2019 2020

Percen

tage

Figure 29: Financial service activities real value added growth rates

The poor performance of the sector emanated from both Banking and Insurance subsectors that recorded declines of 3.4 percent and 5.1 percent respectively (Figure 30).


-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


2014 2015 2016 2017 2018 2019 2020

Perc

enta

ge

Banking service Insurance & others

Figure 30: Banking and insurance real value added growth rates

The weak performance of the sector is owed to economic uncertainty brought about by the COVID-19 pandemic which resulted in reduced demands for loans extended to households and businesses within the banking activities. Both short and long terms insurance policy have been shortcoming throughout the period under review as unemployment continues to shoot up and pay-cuts observed across the country.


-

20,000

40,000

60,000

80,000

100,000

120,000

140,000


2014 2015 2016 2017 2018 2019 2020

Mill

ions

N$

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

Figure 31: Deposits and claims

Year on year total deposits made by all sectors rose by 15.0 percent during the period under review while total stock of deposits stood at N$ 120.8 billion compared to N$ 105.0 billion recorded in the same quarter of 2019.

Furthermore, claims by central government in the third quarter of 2020 increased by 38.1 percent, to N$ 28.3 billion in comparison to N$ 20.5 billion of the corresponding period.


4.12 Real Estate activities and Professional, scientific and technical services

During the third quarter of 2020, ‘Real estate activities and Professional services activities, recorded a decline of 2.3 percent in real value added in compared to a growth of 3.0 percent recorded in the same quarter of 2019 (Figure 32).

-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


2014 2015 2016 2017 2018 2019 2020

Perc

enta

ge

Real Estate Activities Prof services

Figure 32: Real estate and professional services activities real value added growth rates

The decline in performance of the sector is mainly attributed to the Real estate sector that recorded a decline of 2.3 percent in real value added. Furthermore, Professional services activities sector recorded a decline of 2.5 percent during the period under review (Figure 32).

The performance of the sectors is due to the state of emergency measures implemented to reduce the spread of COVID-19 pandemic. These measures ranged from full and partial lockdowns on social and economic activities. As a result, businesses were affected by slow operations, temporary closure, and reduced revenue.


4.13 Administrative and support services

Administrative and support services is estimated to have recorded a decline of 27.7 percent in real value added in the third quarter of 2020, compared to a decline of 18.0 percent registered in the same quarter of 2019 (Figure 33).

-40.0

-30.0

-20.0

-10.0

0.0

10.0

20.0

30.0


2014 2015 2016 2017 2018 2019 2020

Figure 33: Administrative and support services real value added growth rates

This poor performance in the sector is attributed to low demand for ‘Car rentals and travel agent’ activities resulting from reduced demand from international and domestic travellers given limited movements of people due to the COVID-19 pandemic measures.


4.14 Public Administration and Defence, Education and Health

The Public administration and defence sector recorded a decline of 0.6 percent in real value added in the third quarter of 2020 when compared to a growth of 0.5 percent in the corresponding quarter of 2019. The poor performance is attributed to an increased weighted number of retirements and resignations relative to new recruits as observed in the central government subsector.

Similarly, the Education sector recorded a decline of 1.2 percent in real value added during the period under review when compared to a growth of 2.6 percent in real value added in the corresponding quarter of 2020. The poor performance is observed in both ‘primary and secondary’ and tertiary subsectors that recorded declines of 1.1 percent and 1.9 percent respectively.

However, the Health sector remains in a positive trajectory, registering a double-digit growth of 10.3 percent in real value added during the third quarter of 2020 when compared to a decline of 5.7 percent registered in the third quarter of 2019. The positive performance is mainly attributed to the increased numbers of health personnel brought in to combat the spread of the pandemic.

4.15 Other servicesOther services comprises of ‘Arts, entertainment recreation’, ‘Other community, social and personal service activities’ and ‘Private households with employees’. The sector declined by 27.3 percent in real value added during the third quarter of 2020 compared to a decline of 2.3 percent recorded in 2019.

The reduction in the sector is owed to ‘Arts, entertainment recreation’, and “Other community, social and personal service activities” that registered declines of 40.1 percent and 10.5 percent, respectively. Furthermore, ‘activities of household with employees” posted a marginal decline of 0.2 percent during the period under review. The reduction in Arts, entertainment recreation is attributed to the state of emergency measure that had suspended all entertainment of live concerts, cultural events and contact sports coupled with reduced to virtual zero demand from international travellers for artistic goods.


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 1,004 1,062 2,567 3,141 701 1,141 2,729 375 685 2 2,126 945 3,350 3,115 638 917 3,389 391 720 3 878 802 2,771 2,795 566 1,307 3,584 554 834 4 1,543 825 3,239 3,064 616 1,245 3,787 497 788

2014 1 1,065 1,181 2,366 2,717 874 1,894 3,690 454 826 2 2,972 1,113 3,912 3,194 773 1,163 3,877 508 852 3 1,144 1,182 3,077 3,338 660 1,885 4,367 761 1,006 4 1,660 657 3,472 4,111 602 1,869 4,518 646 921

2015 1 1,112 1,023 2,967 3,714 717 2,321 3,890 603 1,098 2 1,976 1,017 3,303 4,389 411 1,703 4,036 624 1,057 3 1,101 1,072 3,035 4,111 895 1,931 4,298 798 1,208 4 1,657 752 3,661 4,457 526 2,105 4,171 740 1,178

2016 1 1,090 1,153 3,487 4,389 1,352 1,295 3,949 671 1,083 2 2,235 1,309 3,421 4,602 740 1,154 4,020 671 1,116 3 882 1,133 3,553 4,541 2,086 1,340 4,140 958 1,354 4 1,871 924 4,384 4,885 1,003 1,158 4,650 850 1,423

2017 1 1,287 1,343 2,885 4,649 1,769 811 4,537 691 1,415 2 3,330 958 2,975 5,156 870 734 4,626 751 1,146 3 1,734 1,201 4,195 5,441 2,157 1,195 4,516 1,000 1,201 4 2,325 992 3,951 5,720 977 1,255 4,862 803 1,474

2018 1 1,780 1,194 3,521 5,249 2,009 1,168 4,506 767 1,149 2 3,782 1,186 3,528 5,695 1,167 594 4,732 763 1,212 3 1,737 1,210 4,350 5,790 2,409 1,022 4,136 1,140 1,414 4 2,406 930 4,608 5,639 1,081 1,043 4,545 811 1,599

2019 1 1,748 1,197 4,069 4,940 1,921 925 4,473 812 1,430 2 2,579 1,349 3,489 6,174 1,018 914 4,872 904 1,275 3 1,537 1,306 4,175 5,294 2,199 1,165 4,097 1,092 1,402 4 2,361 1,119 4,838 5,705 979 1,164 4,741 943 1,191

2020 1 1,334 1,440 3,068 4,605 2,195 1,060 4,766 700 1,381 2 4,330 1,303 4,852 4,519 1,107 737 4,028 332 969 3 1,382 1,101 3,670 4,161 2,283 1,482 4,104 505 1,186


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 3,929 2,299 862 669 25,006 2,036 27,042 2 266 1,733 2,038 436 2,638 2,338 1,038 662 26,741 2,308 29,049 3 619 2,964 1,978 424 4,058 3,069 1,007 672 28,881 2,411 31,292 4 327 1,781 1,804 493 2,817 2,880 1,124 698 27,529 2,511 30,039

2014 1 792 1,001 1,921 307 3,758 2,997 1,397 741 27,980 2,241 30,221 2 399 2,137 1,645 459 3,160 3,024 953 775 30,915 2,317 33,232 3 861 2,191 2,520 402 4,444 3,438 936 801 33,013 2,679 35,691 4 475 2,538 2,034 578 3,435 3,159 1,286 817 32,777 2,915 35,691

2015 1 748 2,524 1,686 321 4,313 3,228 1,469 825 32,559 2,574 35,133 2 364 2,345 2,112 505 3,659 3,070 1,115 837 32,523 2,700 35,223 3 676 2,357 2,150 521 4,941 3,265 1,146 854 34,360 3,060 37,420 4 319 2,949 2,656 586 3,794 3,245 1,453 874 35,124 3,118 38,242

2016 1 729 2,885 1,735 341 4,636 3,901 1,577 899 35,174 2,934 38,108 2 397 2,271 2,167 418 3,614 3,505 1,310 922 33,873 2,979 36,852 3 766 2,842 2,838 392 4,907 3,735 1,259 943 37,670 3,219 40,889 4 456 2,888 2,578 592 4,487 3,743 1,489 963 38,343 3,515 41,858

2017 1 853 2,933 1,925 361 5,473 4,357 1,825 981 38,094 3,138 41,232 2 436 3,012 2,389 416 3,958 3,992 1,428 998 37,177 3,182 40,359 3 825 3,384 2,795 469 5,063 4,111 1,521 1,014 41,823 3,322 45,145 4 508 2,956 3,198 553 5,128 4,078 1,579 1,030 41,387 3,447 44,834

2018 1 550 3,083 2,673 308 5,966 4,578 1,936 1,044 41,481 3,262 44,743 2 445 3,587 2,360 419 4,686 4,238 1,166 1,056 40,616 3,425 44,041 3 832 3,397 2,959 542 5,063 4,155 1,503 1,064 42,724 3,369 46,093 4 632 3,778 2,780 629 5,062 4,470 1,555 1,069 42,636 3,497 46,133

2019 1 619 3,428 2,034 342 5,757 4,806 1,903 1,072 41,476 3,267 44,743 2 499 2,800 3,137 450 4,206 4,496 1,183 1,073 40,419 3,481 43,901 3 673 3,154 3,231 460 5,582 4,797 1,454 1,075 42,694 3,142 45,836 4 789 3,091 3,107 577 5,399 4,740 1,466 1,075 43,283 3,471 46,754

2020 1 800 2,523 2,794 343 5,840 5,077 1,572 1,075 40,572 3,130 43,703 2 785 3,189 1,982 325 3,913 4,657 1,429 617 39,073 3,238 42,3113 806 3,310 4,617 340 5,263 4,884 1,756 678 41,528 3,175 44,703


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

YearQua-rter


nication

Financial service

activities

Real estate and


Admini-strative and

support services

Public admi-

nistration

Edu-cation


at basic prices

Taxes on products


2013 1 535 1,129 1,846 332 3,929 2,299 862 669 25,006 2,036 27,042 2 266 1,733 2,038 436 2,638 2,338 1,038 662 26,741 2,308 29,049 3 619 2,964 1,978 424 4,058 3,069 1,007 672 28,881 2,411 31,292 4 327 1,781 1,804 493 2,817 2,880 1,124 698 27,529 2,511 30,039

2014 1 792 1,001 1,921 307 3,758 2,997 1,397 741 27,980 2,241 30,221 2 399 2,137 1,645 459 3,160 3,024 953 775 30,915 2,317 33,232 3 861 2,191 2,520 402 4,444 3,438 936 801 33,013 2,679 35,691 4 475 2,538 2,034 578 3,435 3,159 1,286 817 32,777 2,915 35,691

2015 1 748 2,524 1,686 321 4,313 3,228 1,469 825 32,559 2,574 35,133 2 364 2,345 2,112 505 3,659 3,070 1,115 837 32,523 2,700 35,223 3 676 2,357 2,150 521 4,941 3,265 1,146 854 34,360 3,060 37,420 4 319 2,949 2,656 586 3,794 3,245 1,453 874 35,124 3,118 38,242

2016 1 729 2,885 1,735 341 4,636 3,901 1,577 899 35,174 2,934 38,108 2 397 2,271 2,167 418 3,614 3,505 1,310 922 33,873 2,979 36,852 3 766 2,842 2,838 392 4,907 3,735 1,259 943 37,670 3,219 40,889 4 456 2,888 2,578 592 4,487 3,743 1,489 963 38,343 3,515 41,858

2017 1 853 2,933 1,925 361 5,473 4,357 1,825 981 38,094 3,138 41,232 2 436 3,012 2,389 416 3,958 3,992 1,428 998 37,177 3,182 40,359 3 825 3,384 2,795 469 5,063 4,111 1,521 1,014 41,823 3,322 45,145 4 508 2,956 3,198 553 5,128 4,078 1,579 1,030 41,387 3,447 44,834

2018 1 550 3,083 2,673 308 5,966 4,578 1,936 1,044 41,481 3,262 44,743 2 445 3,587 2,360 419 4,686 4,238 1,166 1,056 40,616 3,425 44,041 3 832 3,397 2,959 542 5,063 4,155 1,503 1,064 42,724 3,369 46,093 4 632 3,778 2,780 629 5,062 4,470 1,555 1,069 42,636 3,497 46,133

2019 1 619 3,428 2,034 342 5,757 4,806 1,903 1,072 41,476 3,267 44,743 2 499 2,800 3,137 450 4,206 4,496 1,183 1,073 40,419 3,481 43,901 3 673 3,154 3,231 460 5,582 4,797 1,454 1,075 42,694 3,142 45,836 4 789 3,091 3,107 577 5,399 4,740 1,466 1,075 43,283 3,471 46,754

2020 1 800 2,523 2,794 343 5,840 5,077 1,572 1,075 40,572 3,130 43,703 2 785 3,189 1,982 325 3,913 4,657 1,429 617 39,073 3,238 42,3113 806 3,310 4,617 340 5,263 4,884 1,756 678 41,528 3,175 44,703

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


and ForestryFishing

Mining and

quarrying

Manufac-turing


Construc-tion


trade



2013 1 3.7 3.9 9.5 11.6 2.6 4.2 10.1 1.4 2.52 7.3 3.3 11.5 10.7 2.2 3.2 11.7 1.3 2.53 2.8 2.6 8.9 8.9 1.8 4.2 11.5 1.8 2.74 5.1 2.7 10.8 10.2 2.1 4.1 12.6 1.7 2.6

2014 1 3.5 3.9 7.8 9.0 2.9 6.3 12.2 1.5 2.7 2 8.9 3.3 11.8 9.6 2.3 3.5 11.7 1.5 2.6 3 3.2 3.3 8.6 9.4 1.8 5.3 12.2 2.1 2.8 4 4.7 1.8 9.7 11.5 1.7 5.2 12.7 1.8 2.6

2015 1 3.2 2.9 8.4 10.6 2.0 6.6 11.1 1.7 3.1 2 5.6 2.9 9.4 12.5 1.2 4.8 11.5 1.8 3.0 3 2.9 2.9 8.1 11.0 2.4 5.2 11.5 2.1 3.2 4 4.3 2.0 9.6 11.7 1.4 5.5 10.9 1.9 3.1

2016 1 2.9 3.0 9.1 11.5 3.5 3.4 10.4 1.8 2.8 2 6.1 3.6 9.3 12.5 2.0 3.1 10.9 1.8 3.0 3 2.2 2.8 8.7 11.1 5.1 3.3 10.1 2.3 3.3 4 4.5 2.2 10.5 11.7 2.4 2.8 11.1 2.0 3.4

2017 1 3.1 3.3 7.0 11.3 4.3 2.0 11.0 1.7 3.4 2 8.3 2.4 7.4 12.8 2.2 1.8 11.5 1.9 2.8 3 3.8 2.7 9.3 12.1 4.8 2.6 10.0 2.2 2.7 4 5.2 2.2 8.8 12.8 2.2 2.8 10.8 1.8 3.3

2018 1 4.0 2.7 7.9 11.7 4.5 2.6 10.1 1.7 2.6 2 8.6 2.7 8.0 12.9 2.7 1.3 10.7 1.7 2.8 3 3.8 2.6 9.4 12.6 5.2 2.2 9.0 2.5 3.1 4 5.2 2.0 10.0 12.2 2.3 2.3 9.9 1.8 3.5

2019 1 3.9 2.7 9.1 11.0 4.3 2.1 10.0 1.8 3.2 2 5.9 3.1 7.9 14.1 2.3 2.1 11.1 2.1 2.9 3 3.4 2.8 9.1 11.6 4.8 2.5 8.9 2.4 3.1 4 5.0 2.4 10.3 12.2 2.1 2.5 10.1 2.0 2.5

2020 1 3.1 3.3 7.0 10.5 5.0 2.4 10.9 1.6 3.2 2 10.2 3.1 11.5 10.7 2.6 1.7 9.5 0.8 2.3 3 3.1 2.5 8.2 9.3 5.1 3.3 9.2 1.1 2.7


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


Admini-strative

and support services

Public admi-

nistration

Edu-cation

HealthOther

private services

All indust. at basic prices

Taxes on

pro-ducts


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 8.0 3.6 2.3 92.1 7.9 100.03 2.0 9.5 6.3 1.4 13.0 9.8 3.2 2.1 92.3 7.7 100.04 1.1 5.9 6.0 1.6 9.4 9.6 3.7 2.3 91.6 8.4 100.0

2014 1 2.6 3.3 6.4 1.0 12.4 9.9 4.6 2.5 92.6 7.4 100.0 2 1.2 6.4 4.9 1.4 9.5 9.1 2.9 2.3 93.0 7.0 100.0 3 2.4 6.1 7.1 1.1 12.5 9.6 2.6 2.2 92.5 7.5 100.0 4 1.3 7.1 5.7 1.6 9.6 8.9 3.6 2.3 91.8 8.2 100.0

2015 1 2.1 7.2 4.8 0.9 12.3 9.2 4.2 2.3 92.7 7.3 100.0 2 1.0 6.7 6.0 1.4 10.4 8.7 3.2 2.4 92.3 7.7 100.0 3 1.8 6.3 5.7 1.4 13.2 8.7 3.1 2.3 91.8 8.2 100.0 4 0.8 7.7 6.9 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 10.2 4.1 2.4 92.3 7.7 100.0 2 1.1 6.2 5.9 1.1 9.8 9.5 3.6 2.5 91.9 8.1 100.0 3 1.9 7.0 6.9 1.0 12.0 9.1 3.1 2.3 92.1 7.9 100.0 4 1.1 6.9 6.2 1.4 10.7 8.9 3.6 2.3 91.6 8.4 100.0

2017 1 2.1 7.1 4.7 0.9 13.3 10.6 4.4 2.4 92.4 7.6 100.0 2 1.1 7.5 5.9 1.0 9.8 9.9 3.5 2.5 92.1 7.9 100.0 3 1.8 7.5 6.2 1.0 11.2 9.1 3.4 2.2 92.6 7.4 100.0 4 1.1 6.6 7.1 1.2 11.4 9.1 3.5 2.3 92.3 7.7 100.0

2018 1 1.2 6.9 6.0 0.7 13.3 10.2 4.3 2.3 92.7 7.3 100.0 2 1.0 8.1 5.4 1.0 10.6 9.6 2.6 2.4 92.2 7.8 100.0 3 1.8 7.4 6.4 1.2 11.0 9.0 3.3 2.3 92.7 7.3 100.0 4 1.4 8.2 6.0 1.4 11.0 9.7 3.4 2.3 92.4 7.6 100.0

2019 1 1.4 7.7 4.5 0.8 12.9 10.7 4.3 2.4 92.7 7.3 100.0 2 1.1 6.4 7.1 1.0 9.6 10.2 2.7 2.4 92.1 7.9 100.0 3 1.5 6.9 7.0 1.0 12.2 10.5 3.2 2.3 93.1 6.9 100.0 4 1.7 6.6 6.6 1.2 11.5 10.1 3.1 2.3 92.6 7.4 100.0

2020 1 1.8 5.8 6.4 0.8 13.4 11.6 3.6 2.5 92.8 7.2 100.0 2 1.9 7.5 4.7 0.8 9.2 11.0 3.4 1.5 92.3 7.7 100.0 3 1.8 7.4 10.3 0.8 11.8 10.9 3.9 1.5 92.9 7.1 100.0


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


and ForestryFishing

Mining and

quarrying

Manufac-turing


Construc-tion


trade



2013 1 1,276 908 3,322 4,198 661 1,133 2,841 481 847 2 2,562 968 3,539 4,305 563 1,085 3,458 522 808 3 1,128 1,144 3,671 3,997 527 1,164 3,571 738 966 4 1,448 866 3,619 4,104 542 1,287 3,691 651 835

2014 1 1,103 1,169 3,199 3,862 617 1,484 3,482 546 926 2 2,887 1,152 3,557 4,294 584 1,462 3,577 583 871 3 1,150 1,184 3,143 4,317 589 1,640 4,031 834 1,080 4 1,556 751 3,614 4,753 621 1,985 4,238 694 926

2015 1 1,048 1,126 3,291 3,936 701 2,054 3,743 609 1,193 2 2,029 1,098 3,306 4,413 605 2,066 3,974 626 1,050 3 1,098 1,005 3,315 4,063 581 1,939 4,338 795 1,218 4 1,672 635 3,054 4,259 662 2,002 4,339 733 1,081

2016 1 978 1,215 3,087 4,484 824 1,523 4,128 637 1,128 2 2,127 1,282 2,461 4,573 747 1,053 4,166 618 1,090 3 929 1,063 2,999 4,620 707 1,084 4,160 866 1,327 4 1,568 756 3,031 4,657 828 1,087 4,429 761 1,244

2017 1 1,081 1,309 3,326 4,260 791 894 3,900 613 1,224 2 2,242 1,178 2,895 4,482 632 762 3,807 657 1,021 3 1,116 1,063 3,323 4,607 579 911 3,652 876 1,175 4 1,416 801 3,680 4,685 588 1,085 3,938 698 1,172

2018 1 1,045 1,288 3,983 4,382 853 1,013 3,687 667 1,065 2 2,410 1,204 4,024 4,560 756 745 3,896 657 1,005 3 1,092 1,107 3,725 4,722 671 730 3,360 968 1,123 4 1,634 759 3,617 4,580 654 845 3,583 683 1,237

2019 1 1,000 1,101 3,723 4,248 745 756 3,368 668 1,241 2 1,644 1,150 2,998 5,162 752 780 3,559 738 1,018 3 1,032 1,248 3,432 4,558 590 900 2,930 890 1,106 4 1,637 1,124 3,496 4,821 688 937 3,344 763 922

2020 1 957 1,079 3,602 3,959 657 870 3,333 563 1,140 2 2,595 1,015 2,938 3,716 725 712 2,814 264 708 3 1,006 1,054 2,377 3,439 619 967 2,843 401 845


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

YearQua-rter


nication

Financial service

activities

Real estate and


Admini-strative and

support services

Public admi-

nistration

Edu-cation


at basic prices

Taxes on products


2013 1 437 2,120 1,894 366 4,306 2,742 877 788 29,195 2,381 31,576 2 446 2,212 2,012 475 2,861 2,693 1,015 776 30,302 2,598 32,899 3 519 2,294 2,002 457 4,317 3,470 958 777 31,700 2,682 34,382 4 434 2,379 2,022 523 2,917 3,227 1,051 791 30,386 2,761 33,148

2014 1 444 2,397 1,988 326 3,727 3,110 1,301 819 30,501 2,381 32,882 2 429 2,450 2,030 474 3,046 3,143 893 838 32,271 2,401 34,672 3 514 2,545 2,056 420 4,267 3,579 890 850 33,086 2,762 35,848 4 502 2,577 2,118 595 3,351 3,302 1,253 852 33,687 2,959 36,645

2015 1 523 2,502 2,035 332 4,308 3,245 1,481 847 32,975 2,599 35,574 2 525 2,518 2,135 510 3,680 3,083 1,132 845 33,595 2,702 36,297 3 528 2,565 2,184 515 4,956 3,264 1,151 847 34,362 3,043 37,405 4 531 2,589 2,252 576 3,764 3,215 1,418 853 33,634 3,108 36,742

2016 1 538 2,539 2,147 326 4,158 3,465 1,750 862 33,791 2,855 36,646 2 538 2,537 2,200 394 3,768 3,129 1,310 869 32,862 2,830 35,693 3 583 2,582 2,172 359 5,092 3,344 1,209 872 33,970 2,965 36,935 4 574 2,631 2,226 544 3,666 3,310 1,420 872 33,603 3,192 36,795

2017 1 551 2,613 2,179 320 4,247 3,398 1,700 869 33,273 2,704 35,977 2 542 2,653 2,192 365 3,922 3,307 1,277 866 32,799 2,702 35,501 3 615 2,693 2,276 415 4,962 2,951 1,209 865 33,289 2,812 36,101 4 659 2,715 2,265 486 3,915 3,367 1,754 865 34,089 2,900 36,989

2018 1 571 2,608 2,254 264 4,622 3,007 1,647 866 33,821 2,696 36,517 2 571 2,622 2,278 360 4,084 3,319 1,226 865 34,583 2,796 37,379 3 593 2,677 2,265 458 5,113 3,358 1,166 862 33,990 2,725 36,715 4 580 2,746 2,312 517 3,341 3,405 1,374 857 32,722 2,817 35,539

2019 1 605 2,714 2,249 284 3,962 3,013 1,540 850 32,068 2,596 34,663 2 610 2,786 2,285 371 4,022 3,406 1,166 845 33,292 2,740 36,032 3 656 2,876 2,333 376 5,139 3,444 1,099 842 33,450 2,497 35,947 4 643 2,919 2,391 471 4,414 3,579 1,348 840 34,336 2,762 37,098

2020 1 639 2,780 2,339 275 3,863 3,188 1,576 840 31,660 2,529 34,188 2 711 2,750 2,224 262 3,818 3,368 1,237 466 30,323 2,067 32,390 3 746 2,754 2,279 272 5,110 3,402 1,213 612 29,940 2,229 32,169


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

YearQua-rter


nication

Financial service

activities

Real estate and


Admini-strative and

support services

Public admi-

nistration

Edu-cation


at basic prices

Taxes on products


2013 1 437 2,120 1,894 366 4,306 2,742 877 788 29,195 2,381 31,576 2 446 2,212 2,012 475 2,861 2,693 1,015 776 30,302 2,598 32,899 3 519 2,294 2,002 457 4,317 3,470 958 777 31,700 2,682 34,382 4 434 2,379 2,022 523 2,917 3,227 1,051 791 30,386 2,761 33,148

2014 1 444 2,397 1,988 326 3,727 3,110 1,301 819 30,501 2,381 32,882 2 429 2,450 2,030 474 3,046 3,143 893 838 32,271 2,401 34,672 3 514 2,545 2,056 420 4,267 3,579 890 850 33,086 2,762 35,848 4 502 2,577 2,118 595 3,351 3,302 1,253 852 33,687 2,959 36,645

2015 1 523 2,502 2,035 332 4,308 3,245 1,481 847 32,975 2,599 35,574 2 525 2,518 2,135 510 3,680 3,083 1,132 845 33,595 2,702 36,297 3 528 2,565 2,184 515 4,956 3,264 1,151 847 34,362 3,043 37,405 4 531 2,589 2,252 576 3,764 3,215 1,418 853 33,634 3,108 36,742

2016 1 538 2,539 2,147 326 4,158 3,465 1,750 862 33,791 2,855 36,646 2 538 2,537 2,200 394 3,768 3,129 1,310 869 32,862 2,830 35,693 3 583 2,582 2,172 359 5,092 3,344 1,209 872 33,970 2,965 36,935 4 574 2,631 2,226 544 3,666 3,310 1,420 872 33,603 3,192 36,795

2017 1 551 2,613 2,179 320 4,247 3,398 1,700 869 33,273 2,704 35,977 2 542 2,653 2,192 365 3,922 3,307 1,277 866 32,799 2,702 35,501 3 615 2,693 2,276 415 4,962 2,951 1,209 865 33,289 2,812 36,101 4 659 2,715 2,265 486 3,915 3,367 1,754 865 34,089 2,900 36,989

2018 1 571 2,608 2,254 264 4,622 3,007 1,647 866 33,821 2,696 36,517 2 571 2,622 2,278 360 4,084 3,319 1,226 865 34,583 2,796 37,379 3 593 2,677 2,265 458 5,113 3,358 1,166 862 33,990 2,725 36,715 4 580 2,746 2,312 517 3,341 3,405 1,374 857 32,722 2,817 35,539

2019 1 605 2,714 2,249 284 3,962 3,013 1,540 850 32,068 2,596 34,663 2 610 2,786 2,285 371 4,022 3,406 1,166 845 33,292 2,740 36,032 3 656 2,876 2,333 376 5,139 3,444 1,099 842 33,450 2,497 35,947 4 643 2,919 2,391 471 4,414 3,579 1,348 840 34,336 2,762 37,098

2020 1 639 2,780 2,339 275 3,863 3,188 1,576 840 31,660 2,529 34,188 2 711 2,750 2,224 262 3,818 3,368 1,237 466 30,323 2,067 32,390 3 746 2,754 2,279 272 5,110 3,402 1,213 612 29,940 2,229 32,169

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


and ForestryFishing

Mining and

quarrying

Manufac-turing


Construc-tion


trade



2013 1234

2014 1 -13.5 28.8 -3.7 -8.0 -6.5 31.0 22.6 13.5 9.4 2 12.7 19.0 0.5 -0.3 3.8 34.7 3.4 11.7 7.7 3 1.9 3.5 -14.4 8.0 11.7 40.9 12.9 12.9 11.8 4 7.5 -13.3 -0.1 15.8 14.4 54.3 14.8 6.7 11.0

2015 1 -5.0 -3.6 2.9 1.9 13.6 38.4 7.5 11.5 28.7 2 -29.7 -4.7 -7.1 2.8 3.6 41.3 11.1 7.4 20.6 3 -4.5 -15.1 5.5 -5.9 -1.3 18.3 7.6 -4.6 12.8 4 7.5 -15.4 -15.5 -10.4 6.7 0.8 2.4 5.6 16.7

2016 1 -6.8 7.9 -6.2 13.9 17.5 -25.8 10.3 4.5 -5.4 2 4.8 16.8 -25.6 3.6 23.4 -49.1 4.8 -1.3 3.8 3 -15.3 5.7 -9.5 13.7 21.7 -44.1 -4.1 8.9 9.0 4 -6.2 19.1 -0.8 9.4 25.1 -45.7 2.1 3.9 15.1

2017 1 10.5 7.8 7.7 -5.0 -4.0 -41.3 -5.5 -3.8 8.5 2 5.4 -8.1 17.6 -2.0 -15.4 -27.6 -8.6 6.2 -6.3 3 20.1 0.1 10.8 -0.3 -18.1 -16.0 -12.2 1.2 -11.5 4 -9.7 5.9 21.4 0.6 -29.0 -0.2 -11.1 -8.3 -5.7

2018 1 -3.3 -1.6 19.7 2.9 7.8 13.3 -5.4 9.0 -13.0 2 7.5 2.2 39.0 1.7 19.5 -2.2 2.3 0.0 -1.6 3 -2.2 4.1 12.1 2.5 15.9 -19.9 -8.0 10.5 -4.4 4 15.4 -5.3 -1.7 -2.2 11.2 -22.1 -9.0 -2.1 5.5

2019 1 -4.3 -14.5 -6.5 -3.1 -12.7 -25.3 -8.7 0.1 16.6 2 -31.8 -4.5 -25.5 13.2 -0.5 4.8 -8.6 12.3 1.3 3 -5.5 12.7 -7.9 -3.5 -12.2 23.3 -12.8 -8.1 -1.5 4 0.2 48.2 -3.4 5.3 5.2 10.8 -6.7 11.6 -25.5

2020 1 -4.3 -2.0 -3.3 -6.8 -11.8 15.0 -1.0 -15.7 -8.1 2 57.9 -11.7 -2.0 -28.0 -3.5 -8.7 -21.0 -64.2 -30.4 3 -2.5 -15.6 -30.7 -24.6 5.0 7.5 -3.0 -54.9 -23.6


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

YearQua-rter


nication

Financial service

activities

Real estate and


Admini-strative and

support services

Public admi-

nistration

Edu-cation


at basic prices

Taxes on products


2013 1234

2014 1 1.6 13.0 4.9 -11.0 -13.4 13.4 48.3 3.9 4.5 0.0 4.1 2 -3.7 10.8 0.9 -0.2 6.5 16.7 -12.0 8.1 6.5 -7.6 5.4 3 -1.1 11.0 2.7 -8.2 -1.2 3.1 -7.1 9.4 4.4 3.0 4.3 4 15.6 8.3 4.8 13.7 14.9 2.3 19.1 7.7 10.9 7.2 10.6

2015 1 17.8 4.4 2.4 1.9 15.6 4.4 13.9 3.4 8.1 9.1 8.2 2 22.3 2.8 5.2 7.6 20.8 -1.9 26.8 0.7 4.1 12.5 4.7 3 2.8 0.8 6.2 22.8 16.1 -8.8 29.3 -0.3 3.9 10.2 4.34 5.8 0.5 6.3 -3.2 12.3 -2.6 13.2 0.0 -0.2 5.1 0.3

2016 1 3.0 1.5 5.5 -1.9 -3.5 6.8 18.2 1.9 2.5 9.9 3.0 2 2.4 0.8 3.0 -22.8 2.4 1.5 15.7 2.9 -2.2 4.7 -1.7 3 10.4 0.6 -0.5 -30.4 2.8 2.4 5.0 3.0 -1.1 -2.6 -1.3 4 8.1 1.6 -1.2 -5.6 -2.6 3.0 0.1 2.3 -0.1 2.7 0.1

2017 1 2.4 2.9 1.5 -1.8 2.1 -2.0 -2.9 0.7 -1.5 -5.3 -1.8 2 0.6 4.6 -0.3 -7.3 4.1 5.7 -2.5 -0.3 -0.2 -4.5 -0.5 3 5.5 4.3 4.7 15.7 -2.5 -11.8 0.0 -0.8 -2.0 -5.1 -2.3 4 14.8 3.2 1.8 -10.6 6.8 1.7 23.6 -0.8 1.4 -9.1 0.5

2018 1 3.5 -0.2 3.4 -17.5 8.8 -11.5 -3.1 -0.4 1.6 -0.3 1.5 2 5.5 -1.2 3.9 -1.3 4.1 0.4 -4.0 -0.2 5.4 3.5 5.3 3 -3.6 -0.6 -0.5 10.4 3.0 13.8 -3.6 -0.4 2.1 -3.1 1.7 4 -12.0 1.1 2.1 6.4 -14.7 1.1 -21.7 -0.9 -4.0 -2.9 -3.9

2019 1 6.1 4.1 -0.2 7.3 -14.3 0.2 -6.5 -1.8 -5.2 -3.7 -5.1 2 6.8 6.2 0.3 3.0 -1.5 2.6 -4.9 -2.2 -3.7 -2.0 -3.6 3 10.6 7.4 3.0 -18.0 0.5 2.6 -5.7 -2.3 -1.6 -8.4 -2.1 4 10.8 6.3 3.4 -9.0 32.1 5.1 -1.9 -1.9 4.9 -2.0 4.4

2020 1 5.6 2.4 4.0 -2.9 -2.5 5.8 2.3 -1.3 -1.3 -2.6 -1.4 2 16.6 -1.3 -2.7 -29.2 -5.1 -1.1 6.0 -44.8 -8.9 -24.6 -10.1 3 13.8 -4.2 -2.3 -27.7 -0.6 -1.2 10.3 -27.3 -10.5 -10.7 -10.5


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

YearQua-rter


nication

Financial service

activities

Real estate and


Admini-strative and

support services

Public admi-

nistration

Edu-cation


at basic prices

Taxes on products


2013 1234

2014 1 1.6 13.0 4.9 -11.0 -13.4 13.4 48.3 3.9 4.5 0.0 4.1 2 -3.7 10.8 0.9 -0.2 6.5 16.7 -12.0 8.1 6.5 -7.6 5.4 3 -1.1 11.0 2.7 -8.2 -1.2 3.1 -7.1 9.4 4.4 3.0 4.3 4 15.6 8.3 4.8 13.7 14.9 2.3 19.1 7.7 10.9 7.2 10.6

2015 1 17.8 4.4 2.4 1.9 15.6 4.4 13.9 3.4 8.1 9.1 8.2 2 22.3 2.8 5.2 7.6 20.8 -1.9 26.8 0.7 4.1 12.5 4.7 3 2.8 0.8 6.2 22.8 16.1 -8.8 29.3 -0.3 3.9 10.2 4.34 5.8 0.5 6.3 -3.2 12.3 -2.6 13.2 0.0 -0.2 5.1 0.3

2016 1 3.0 1.5 5.5 -1.9 -3.5 6.8 18.2 1.9 2.5 9.9 3.0 2 2.4 0.8 3.0 -22.8 2.4 1.5 15.7 2.9 -2.2 4.7 -1.7 3 10.4 0.6 -0.5 -30.4 2.8 2.4 5.0 3.0 -1.1 -2.6 -1.3 4 8.1 1.6 -1.2 -5.6 -2.6 3.0 0.1 2.3 -0.1 2.7 0.1

2017 1 2.4 2.9 1.5 -1.8 2.1 -2.0 -2.9 0.7 -1.5 -5.3 -1.8 2 0.6 4.6 -0.3 -7.3 4.1 5.7 -2.5 -0.3 -0.2 -4.5 -0.5 3 5.5 4.3 4.7 15.7 -2.5 -11.8 0.0 -0.8 -2.0 -5.1 -2.3 4 14.8 3.2 1.8 -10.6 6.8 1.7 23.6 -0.8 1.4 -9.1 0.5

2018 1 3.5 -0.2 3.4 -17.5 8.8 -11.5 -3.1 -0.4 1.6 -0.3 1.5 2 5.5 -1.2 3.9 -1.3 4.1 0.4 -4.0 -0.2 5.4 3.5 5.3 3 -3.6 -0.6 -0.5 10.4 3.0 13.8 -3.6 -0.4 2.1 -3.1 1.7 4 -12.0 1.1 2.1 6.4 -14.7 1.1 -21.7 -0.9 -4.0 -2.9 -3.9

2019 1 6.1 4.1 -0.2 7.3 -14.3 0.2 -6.5 -1.8 -5.2 -3.7 -5.1 2 6.8 6.2 0.3 3.0 -1.5 2.6 -4.9 -2.2 -3.7 -2.0 -3.6 3 10.6 7.4 3.0 -18.0 0.5 2.6 -5.7 -2.3 -1.6 -8.4 -2.1 4 10.8 6.3 3.4 -9.0 32.1 5.1 -1.9 -1.9 4.9 -2.0 4.4

2020 1 5.6 2.4 4.0 -2.9 -2.5 5.8 2.3 -1.3 -1.3 -2.6 -1.4 2 16.6 -1.3 -2.7 -29.2 -5.1 -1.1 6.0 -44.8 -8.9 -24.6 -10.1 3 13.8 -4.2 -2.3 -27.7 -0.6 -1.2 10.3 -27.3 -10.5 -10.7 -10.5

Appendix 1 Methodological Notes System 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

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.



Notes


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 third quarter 2020 · a contraction of 10.5 percent during the third quarter...

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