Q2GDP2017
SeniorSta2s2cian:Na2onalAccounts
ByTitusVictorKamatuka
Outline
• Introduc2on• GDPgrowthrate• Keydriversoftheperformance• Conclusion
9/21/2017 2
• Namibiana2onalaccountsarecompiledinlinewithSNA93oftheUN
• Quarterlyindicators–highfrequencydata–trackperformanceofeconomy
• Sourcesaresurveysandadministra2vedata• Resultsarepresentedonquarterlybasisfor16sectorsoftheeconomy
Introduc2on
9/21/2017 3
RealQGDPcontractedby
-1,7%inQ22017
(yearon-year)
RealQGDPgrowth
9/21/2017 4
RealQuarterlyGDPrate
9/21/2017 5
Keydriversofpoorperformance
• Majorcontrac2onswereobserved:– Construc2onsector
–Wholesaletradeandrepairssector
–Fishingsector
9/21/2017 6
A_ributestopoorperformance
• CONSTRUCTIONSECTOR:
• OWESDECLINETOADROPINREALVALUEOFGRNCONSTRUCTION
• Y/ydropby83.3%comparedto+6.1%in2016
9/21/2017 7
A_ributestopoorperformance
• WHOLESALEANDRETAILSECTOR:
• DECLINEREFLECTEDINDROPINTOTALREVENUE
• Y/ydropby-2.3%comparedto+15.8%in2016
9/21/2017 8
A_ributestopoorperformance
• FISHINGSECTOR:• OWESDECLINETOADROPINMID-WATERFISHERIES
• Y/ydropby-13.2%comparedto+8.4%in2016
9/21/2017 9
Agriculturegrowth+17.0%
• Keydrivers:- Livestocksubsector:VAgrewby+12.5%vs
+12.2%in2016- Cropsubsector:VAgrewby32.0%vs-
1.7%in2016
9/21/2017 10
Mininggrowth+25.8%
• Keydrivers:- Diamondssubsector:VAgrewby+33.2%vs -30.0%in2016- Uraniumsubsector:VAgrewby+14.2%vs+12.0%in2016• Metaloressubsector:VAgrewby20.8%vs-3.1%
9/21/2017 11
Manufacturinggrowth+2.9%
• Keydrivers:- Beveragessubsector:VAgrewby+10.8%vs
-14.3%in2016- Basicnon-ferrousmetalsubsector:
VAgrewby+1.4%vs+33.9%in2016
9/21/2017 12
Servicesectorgrowth
• TradegrowthKeydrivers: -Y/ycontrac2on-8.2%vs+10.0%in2016
• PubAdmin&Defensegrowth
Keydrivers: -Y/ycontrac2on-2.3%vs-1.0%in2016
9/21/2017 13
Servicesectorgrowth
• Finance Keydrivers: -Y/yslowed+0.9%vs+4.6%in2016
• TransportKeydrivers: -Y/yslowed+3.5%vs+5.1%in2016
9/21/2017 14
• Y/yRealQ2GDP-1.7%• Contrac2onsowedto:
-Construc2onsector-WholesaleRetailTradesector-Fishing
Othercontrac2onsobserved: -PubAdmin
-HotelsandRestaurants-U2litysector
Posi2veperformance:doubledigitgrowthrates
-Agriculture-Mining
Conclusion
9/21/2017 15
Thankyouforyoura_en2on