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Namibia’s economy slowed sharply in 2025, with real GDP growth easing to 1.7% from 3.8% in 2024, primarily due to continued weakness in key primary sectors. While construction, utilities supported headline growth with solid performances, GDP was primarily supported by growth observed in tertiary industries. The 2025 outcome reinforced Namibia’s dependence on mining and related investment cycles, as uranium and metal ores supported exports while weaker oil and gas exploration weighed on capital formation. At the same time, subdued private consumption and another contraction in real GDP per capita pointed to ongoing pressure on households.