Economic Growth

Thursday 19th of June 2003
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The Namibian economy showed a growth of 2.3 percent during 2002, according to preliminary statistics for the year 2002 disclosed by the National Planning Commission. The manufacturing sector increased by 7.1%, but fish processing declined by 19.6 percent. This could mainly be attributed to the zero pilchard quota for last year. Construction likewise declined by 20.5 percent. The gross national income registered a growth of 8.7%, an increase compared to 5.2% in 2001.

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