Based on a study conducted in December 2020, the Namibian real gross domestic product (GDP) growth was estimated to contract by 7.9 percent in 2020. In fact, the majority of the economies are envisioned to contract due to the coronavirus (COVID-19) pandemic roaming the world since late 2019. However, projections demonstrate that the economy is to pick up in 2021, with the GDP growing by 2.6 percent, before expanding even further in 2022 by 3.4 percent.
Impact of coronavirus (COVID-19) on projected real GDP growth in Namibia from 2019 to 2022
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AfDB. (March 12, 2021). Impact of coronavirus (COVID-19) on projected real GDP growth in Namibia from 2019 to 2022 [Graph]. In Statista. Retrieved August 09, 2022, from https://www.statista.com/statistics/1194977/impact-of-covid-19-on-projected-real-gdp-growth-in-namibia/
AfDB. "Impact of coronavirus (COVID-19) on projected real GDP growth in Namibia from 2019 to 2022." Chart. March 12, 2021. Statista. Accessed August 09, 2022. https://www.statista.com/statistics/1194977/impact-of-covid-19-on-projected-real-gdp-growth-in-namibia/
AfDB. (2021). Impact of coronavirus (COVID-19) on projected real GDP growth in Namibia from 2019 to 2022. Statista. Statista Inc.. Accessed: August 09, 2022. https://www.statista.com/statistics/1194977/impact-of-covid-19-on-projected-real-gdp-growth-in-namibia/
AfDB. "Impact of Coronavirus (Covid-19) on Projected Real Gdp Growth in Namibia from 2019 to 2022." Statista, Statista Inc., 12 Mar 2021, https://www.statista.com/statistics/1194977/impact-of-covid-19-on-projected-real-gdp-growth-in-namibia/
AfDB, Impact of coronavirus (COVID-19) on projected real GDP growth in Namibia from 2019 to 2022 Statista, https://www.statista.com/statistics/1194977/impact-of-covid-19-on-projected-real-gdp-growth-in-namibia/ (last visited August 09, 2022)