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THE 2008 Labour Force Survey , which had showed that the region's unemployment rate was 51 % was a "miscalculation" Director General of the National Planning Commission , Tom Alweendo said on Friday. In the latest survey released recently by the Namibian Statistics Agency recently, the unemployment rate was put at 27 %. Alweendo said there is no way, unemployment would have jumped from 37...
RISK RATINGS Current Current Previous Previous Rating Score Rating Score Overall assessment B 38 B 38 Foreign trade & payments risk B 21 B 25 Note: E=most risky; 100=most risky. The risk ratings model is run once a quarter. Download the numbers in Excel SUMMARY Exchange controls will remain only partly liberalised so long as Namibia...
Outlook for 2013-17: Forecast summary Forecast summary ( % unless otherwise indicated) 2012 a 2013 b 2014 b 2015 b 2016 b 2017 b Real GDP growth 5.0 4.5 5.5 6.6 5.3 4.9 Gross agricultural production growth 2.0 2.0 1.7 1.9 2.3 2.3 Consumer price inflation (av) 6.5 5.7 4.5 5.0 5.3 5.6 Consumer price inflation (end...
Data , charts: Quarterly data 2011 2012 1 Qtr 2 Qtr 3 Qtr 4 Qtr 1 Qtr 2 Qtr 3 Qtr 4 Qtr Prices Consumer prices (Dec 2001=100) 177.3 180.7 182.8 185.0 189.7 191.5 194.1 198.0 Consumer prices ( % change, year on year) 3.5 5.1 5.2 6.4 7.0 6.0 6.2 7.0 Financial i...
The Ministry of Mines , Energy announced that Lead Replacement Petrol (LRP 93) will be phased out of the Namibian Industry as Wednesday 01 May 2013 , that there will be no gazetted retail price for it as from 15 June 2013 . LRP 93 was introduced as an intermediate grade with the phase-out only being a matter of time at the time it was introduced. This coincided with the introduction of ...
PRESIDENT Hifikepunye Pohamba yesterday, revealed that the government was running behind schedule to create jobs through the Targeted Intervention Programme for Employment , Economic Growth (Tipeeg). Between April 2011 , February this year only 44 800 jobs were created through Tipeeg, Pohamba told those who attended the national May Day celebrations in Keetmanshoop yesterday. When Ti...
NAMIBIANS driving older automobiles that use leaded petrol (93) will soon find themselves having to use unleaded petrol (95) for these vehicles. Mines , Energy Minister Isak Katali announced yesterday that the leaded replacement petrol (LRP) will be phased out of the Namibian Industry with effect from 1 May 2013 , there will be no official retail price for it as from 15 June 2013 . "LRP 93 w...
AS global economic conditions remain weak with no clear signs of a significant recovery expected soon, the Namibian economy remains relatively resilient, while inflation remains at tolerable levels. The government's fiscal position improved markedly during the 2012/13 financial year, allowing a large build-up of cash balances with the Bank of Namibia (BoN) , aiding a stronger international...
THE just over NUS Dollars 11 billion Namibia received from the revenue-sharing pool of the Southern African Customs Union (Sacu) last year, helped boost savings in the region by percentroughly 80% compared to 2011, the latest figures by the Namibia Statistics Agency (NSA) show. Namibia's Sacu receipts increased from about NUS Dollars 7.9 billion in 2011 to some NUS Dollars 11.2 billion last year. Net savings grew from ne...
" South Africa is running a wide current account deficit (-6.5 % of GDP in the 4thquarter of 2012). Hence, the region has insufficient domestic savings to fund investment. Of late, it appears as though these foreign capital inflows may have slowed, causing the Rand , hence the Namibia Dollar to depreciate. But the weaker currency should help improve South Africa (, Namibia's ) trade bala...
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