Springer Nature. V ), good system; core fiber-optic network links most centers with digital connections, multiple mobile-cellular providers with a combined subscribership of about 110 telephones per 100 persons, country code - 264; fiber-optic cable to South Africa, microwave radio relay link to Botswana, direct links to other neighboring countries; connected to the South African Far East submarine cable through South Africa; connected to the West Africa Cable System, an ultra-high capacity fiber-optic submarine cable linking southern and western African countries to Europe; satellite earth stations - 4 Intelsat (2016). b Register here to attend online The Global Forum on Transparency and Exchange of Information for Tax Purposes, the African Union Commission and the African Tax Administration . Apart from subsistence agriculture, informal economic activity is not included in the SAM. Nonetheless, as long as one is contemplating interventions that are either relatively limited in scope or that will unfold over extended periods of time, key sector analysis can help identify interventions that are likely to have the greatest knock-on effects in respect of other sectors in the Namibian economy. Then you can access your favorite statistics via the star in the header. However, it is also of interest to know whether or not these effects on the surrounding economy are widely dispersed among other sectors. The best of the best: the portal for top lists & rankings: Strategy and business building for the data-driven economy: Show sources information j The Namibian economy has a high degree of openness as the sum of exports and imports equates to more than 90 % of GDP. And finally, there is a Savings/investment category and a Rest-of-world category. Google Scholar, Dietzenbacher E: In vindication of the Ghosh model: a reinterpretation as a price model. May 10, 2023. Namibia: Share of economic sectors in the gross domestic product (GDP) from 2011 to 2021 [Graph]. Cite this article. Unlocking Namibia's economic growth and opportunities in 2023 /n, Ministry of Labour, Government of the Republic of Namibia, Windhoek. Of those identified as key sectors with widely dispersed effects, two are service sectors. Raising the Namibian tertiary education system's b SWAPO retained its parliamentary super majority in the 2014 elections and established a system of gender parity in parliamentary positions. better growth prospects in the mining industry and recovery for some industries in the tertiary sector, the Bank of Namibia said in their Economic Outlook for . In the size-unweighted case, the results show how much impact a marginal change in a sector would have on employment and on labor income, respectively. Agriculture's contribution to the country's gross domestic product (GDP) (excluding fishing) over the last five years has been just over four percent. Part of the reason for this low level of use is perhaps the considerable data requirements: even a basic key sector analysis requires an inputoutput table, which is only compiled every ten years or so (if at all) by most developing countries. "Namibia: Share of Economic Sectors in The Gross Domestic Product (Gdp) from 2011 to 2021. The government indicated it wished /n, where n is the number of sectors. In Handbook of inputoutput table compilation and analysis. In order to provide a picture of the current state of the economy, we also weight the coefficients in the Leontief inverse, based on their current shares According to a recent survey conducted by the Namibian Economic Policy Research Unit (NEPRU, 2003) on SMEs, it is evident that this sector is a key sector in poverty alleviation and economic . Namibia normally imports about 50% of its cereal requirements; in drought years, food shortages are problematic in rural areas. Namibia Economic Outlook - African Development Bank Hirschman A: The strategy of economic development. i , which gives the backward and forward linkages from different sectors in the economy (I is the identity matrix). i Key Findings. PDF Final Draft National IWRM Report for Namibia - GWP i Namibia Economic Outlook Recent macroeconomic and financial developments Real GDP growth rose to 4.6% in 2022 from 3.5% in 2021, supported by the lifting of COVID-19-related restrictions in July 2022 and the continued recovery in primary and secondary industries. 0 migrant(s)/1,000 population (2017 est. The Act does not acknowledge in explicit terms q 13, 2023, by day. Notably, these definitions identify sectors with higher- or lower-than-average linkages and diffusion. These measure the degrees of sectoral skewness in input procurement and output delivery, respectively; the lower these coefficients are for a specific sector, the more evenly that sectors input purchases and output sales are dispersed among the different sectors of the economy. and Although tourism accounted for less than 3% of GDP in 2002, it grew j NEPRU Working Paper 112. ), about 50% of the population belong to the Ovambo tribe and 9% to the Kavangos tribe; other indigenous ethnic groups include Herero 7%, Damara 7%, Nama 5%, Caprivian 4%, San 3%, Baster 2%, Tswana 0.5%, Namibia has 13 recognized national languages, including 10 indigenous African languages and 3 Indo-European languages (2011 est. The SAM was transformed into a symmetric, 3131, activity-based inputoutput table with 28 domestic activity sectors and a dummy own real estate services sector, a dummy tourism sector, and a dummy sector for petroleum-based fuels as additional sectors. There is in fact also some commercial activity in the subsistence farming sector, but it is not captured very well by the current economic statistics. There are 30 activity sectors, including two dummy accounts for own real estate services and for foreign tourism. The Forum for Expert on Social Protection recently held a webinar on the 'Impact of Covid-19 on the Informal Economy in Namibia'. It also means that if a sector were to expand rapidly, it is uncertain whether the domestic markets would be sufficient to provide the additional inputs needed, or to absorb the additional output. The primary objective of the study is to provide a comprehensive analysis of the fishery sector in Namibia. the country. j j Namibia has been governed by SWAPO since the country won independence in 1990, though the party has dropped much of its Marxist ideology. Struct Chang Econ Dyn 2003, 14: 134. B B n conduct analytical research concerning general macroeconomic policy issues, placing strong emphasis on monetary, international, and financial, real and public sectors economics; oversee the regular production of the Bank of Namibia's position and working papers, which serve as the main avenues for the dissemination of the research findings and . Economy expected to grow by 1.4% in 2021 - Namibia Economist ), 64.6% of total installed capacity (2015 est. j The male and female populations are broken down into 5-year age groups represented as horizontal bars along the vertical axis, with the youngest age groups at the bottom and the oldest at the top. Renewables made up 30% of total electricity supply last year, the report . i X These are perceived to be sectors in which the country has a comparative advantage as well as growth potential. Backward linkages pertain to the dependence of a given economic activity on inputs produced from other activities, whilst forward linkages relate to a given economic sectors role in supplying inputs to other sectors. i Prior to independence in 1990, Namibias relatively small population grew at about 3% annually, but declining fertility and the impact of HIV/AIDS slowed this growth to 1.4% by 2011, rebounding to close to 2% by 2016. facts. The upper left corner of Table1 contains key sectors with widely dispersed backward and forward linkages throughout the rest of the economy. The Namibian economy is dualistic in character as it comprises a modern market sector based on capital-intensive industry and farming, producing most of the countrys wealth, and a traditional subsistence farming sector. i There is some debate among practitioners about which approach to use for forward linkages (see e.g. J Reg Sci 1988, 28: 203217. The economy returned to growth in 2021 (2.7%) and 2022 (3%) supported by robust diamond, gold, and uranium production and a gradual recovery in tourism and manufacturing. B The results partly reflect how large all of these specific sectors are rather than the linkages that they create with the rest of the economy. j Tourism is also an Unemployment (estimated at 36.7% and 52 % of the labor force in 2004 and 2008, respectively), poverty (56 % of the population live on less than US$2 a day) and household food security are major challenges faced by the country. . The overall concern with the identification of key sectors is their usefulness in economic development strategy. If a sector has normalized coefficients that are lower than 1, it means that its backward and forward linkages, respectively, are more widely dispersed in the economy than those that pertain on average. South Africa. Migration, historically male-dominated, generally flows from northern communal areas non-agricultural lands where blacks were sequestered under the apartheid system to agricultural, mining, and manufacturing centers in the center and south. telecommunications, water, and transportation sectors, but no geared toward the creation of jobs. Namibia's economy is dependent on a few primary commodity exports, including minerals (diamonds, uranium, copper, lead, zinc, tin, silver, tungsten), livestock (both meat and hides), and fishing. This means that there is scope for policies to support the development of key sectors once these have been identified. ), 1 private and 1 state-run TV station; satellite and cable TV service available; state-run radio service broadcasts in multiple languages; about a dozen private radio stations; transmissions of multiple international broadcasters available (2007), Namibian Defense Force (NDF): Army, Navy, Air Force (2013), 18 years of age for voluntary military service; no conscription (2012), concerns from international experts and local populations over the Okavango Delta ecology in Botswana and human displacement scuttled Namibian plans to construct a hydroelectric dam on Popa Falls along the Angola-Namibia border; the governments of South Africa and Namibia have not signed or ratified the text of the 1994 Surveyor's General agreement placing the boundary in the middle of the Orange River; Namibia has supported, and in 2004 Zimbabwe dropped objections to, plans between Botswana and Zambia to build a bridge over the Zambezi River, thereby de facto recognizing a short, but not clearly delimited, Botswana-Zambia boundary in the river. The transformation was done mathematically (see [22], for the methodology used) rather than by using sector-specific data. Namibians concentrated along the countrys other borders make unauthorized visits to Angola, Zambia, Zimbabwe, or Botswana, to visit family and to trade agricultural goods. Mining, Namibia's leading economic sector, accounts for roughly 10 percent of Namibia's GDP every year. b In the size-weighted case, the results show the current importance of each sector as a whole in terms of overall employment and labor income in the economy, respectively. and over 1Mio. 10.1111/j.1467-9787.1988.tb01208.x, Oosterhaven J: Leontief versus Ghoshian price and quantity models. Economic conditions in Myanmar have stabilized in the first half of 2023. United Nations, New York; 1999. i Namibia - total population by gender 2021 j i The analyseswere derived from a Namibian SAM for the 2004 period, using 28 economic sectors.We nd that mining and government services are currently key sectors. ) i need that information as per year. Namibias economy is heavily dependent on the extraction and processing of minerals for export. 2 Tables 3 through 8 depict the results of the key sector analyzes described above. This weighting by sectoral size shows the current overall importance of different sectors in terms of providing inputs and/or outputs to other sectors, as opposed to the importance of a marginal change in a sector shown by the unweighted analysis. The country's tourism industry is a key driver for Namibia's economy and injects millions of dollars each year to the country's GDP. Namibia's Economic Outlook: Managing Global Change and The sectors selected for the new growth strategy are manufacturing, transport, logistics and mineral processing. Manufacturing has also been identified for policy support. j