Namibia: Recent Economic Developments

International Monetary Fund

No 1997/119, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper reports economic developments in Namibia during the 1990s. Since the early 1990s, average GDP growth has been higher than in the previous decade, owing to the opening of two new diamond mines, the extension of the limits of Namibia’s coastal waters, and the rapid growth in government services. Real GDP grew by more than 5 percent in 1991–92, contracted by 2 percent in 1993, and expanded by 7 percent in 1994 and 5 percent in 1995. The allocation of domestic expenditure fluctuated during 1990–95.

Keywords: ISCR; CR; Namibia; government; pay; economy; NDP1; government machinery; government's goal; EPZ enterprise; liquid asset; wage bill; labor force; government construction outlay; Budget planning and preparation; Imports; Exports; Africa; Southern Africa; West Africa (search for similar items in EconPapers)
Pages: 94
Date: 1998-01-15
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