Namibia Projects 3.1 Percent Economic Growth for 2026

Namibia expects its economy to grow 3.1 percent this year. Finance Minister Ericah Shafudah also projected the budget deficit to fall to 5.5 percent of GDP.

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Namibia is forecast to achieve an economic growth rate of 3.1% this year, marking an improvement over the 2.9% expansion recorded in 2025. This updated outlook was shared by the country's finance minister during the presentation of the annual budget, signaling a period of cautious optimism for the regional economy.

A panoramic view of the Windhoek skyline featuring the historic Christ Church, photographed in March 2025. REUTERS/Siphiwe Sibeko
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