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The Namibia Statistics Agency published revised real growth of 3.5% for ’21 (previously: 2.7%) and estimates real growth of 4.6% for ’22. The primary industries (particularly mining and quarrying) led growth in both years, while the secondary industries recovered from the contraction in ’21 and growth accelerated marginally in the tertiary industries. This puts real GDP at NAD144.1 billion, just below the pre-COVID level (‘19: NAD144.9 billion). Nominal GDP increased 12.1% (or NAD22.3 billion) to NAD206.2 billion – a new high.