GROSS DOMESTIC PRODUCT 2ND QUARTER 2013 · 2018-04-29 · GROSS DOMESTIC PRODUCT SECOND QUARTER 2013 7 The main purpose of the compilation of quarterly national accounts is to provide

Forth coming issue

GROSS DOMESTIC PRODUCT Third Quarter 2013

Expected release date

12 December 2013

GROSS DOMESTIC PRODUCT SECOND QUARTER 2013 1

GROSS DOMESTIC PRODUCT SECOND QUARTER 2013


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This publication presents an overview of economic developments during the second quarter of 2013. Quarterly Gross Domestic Product (GDP) estimates are meant to assist in the analysis of short-term move-ments of the economy. Other economic indicators such as volume indices of production, distributive trade indices and levels of employment can also be used for that purpose; however, national accounts aggre-gates such as the GDP are more comprehensive as compared to the latter.

The GDP for the second quarter of 2013 recorded a slow growth of 2.3 per cent compared to a growth of 12.3 per cent registered in the corresponding quarter of 2012. The weaker performance during the quarter under review was mainly due to the Hotels and restaurants, Construction and Mining and quarry-ing sectors that recorded declines in real value added of 31.2 per cent, 17.7 per cent, and 10.4 per cent, respectively. There were, however, sectors that showed strong growth such as Agriculture (42.3 per cent), Wholesale (12.8 per cent) and Fishing (11.7 per cent).

I would like to emphasize the importance of accurate and timely delivery of data from our stakeholders in the private and public sectors to the Namibia Statistics Agency (NSA), on which the compilation of quar-terly GDP depends. In this regard, I wish to express my appreciation to all data providers both institutions and individuals without whose assistance the publication would not have been possible.

John SteytlerStatistician-General Windhoek, September 2013

Preface



PREFACE 3

1 INTRODUCTION 7

2 REVISIONS 7

3 SOURCES AND TIMELINESS 8

4 KEY FINDINGS 8

4.1 AGRICULTURE AND FORESTRY 8

4.2 FISHING AND FISH PROCESSING ON BOARD 9

4.3 MINING AND QUARRYING 10

4.4 MANUFACTURING 13

4.5 ELECTRICITY AND WATER 13

4.6 CONSTRUCTION 15

4.7 WHOLESALE AND RETAIL TRADE 17

4.8 HOTELS AND RESTAURANTS 17

4.9 TRANSPORT AND COMMUNICATION 18

4.10 FINANCIAL INTERMEDIATION 20

TABLE 1 QUARTERLY GROSS DOMESTIC PRODUCT

BY ACTIVITY IN CONSTANT 2004 PRICES - NAD MILLION 21

TABLE 2 QUARTERLY GROSS DOMESTIC PRODUCT

BY ACTIVITY IN CONSTANT 2004 PRICES – PERCENTAGE CHANGES 23

APPENDIX 1 METHODOLOGICAL NOTES 25

Contents



The main purpose of the compilation of quarterly national accounts is to provide a picture of current economic devel-opments that is more timely and frequent than that provided by annual national accounts. Quarterly data serves to determine the short-term movements in the series, while the annual data determines the overall level and long-term movements in the series.

In principle, the only difference between quarterly and annual national accounts is the reference period, quarter and calendar year, respectively. The definitions and conceptual frameworks, as well as the accounts and accounting identities of the 1993 System of National Accounts (SNA) are equally valid for the two accounts. In practice, the constraints of data availability and resources mean that quarterly national accounts are usually less complete than annual national accounts. The Namibia Statistics Agency has started the compilation of quarterly GDP at constant prices as a first step in embarking on full quarterly national accounts compilation.

Since quarterly and annual estimates are often based on different kinds of source data, the annual total derived from the sum of the four quarters under consideration will differ from annual estimates based on more comprehensive source data. In order to make them comparable, quarterly estimates are benchmarked to their annual estimates. Benchmarking is the process of combining a time series of high frequency data with less frequent but more accurate data.

2 RevisionsRevisions are essentially part of good quarterly national accounts compilation practice because they provide users with data that are as accurate as possible. Revisions provide the possibility to incorporate new and more accurate information, and thus to improve the accuracy of the estimates, without introducing breaks in the time series. Due to the availability of more comprehensive data, revisions are made of estimates for quarters of the last three years. Almost all the sectors are revised mainly due to revisions of the annual figures released in the National Accounts 2012. Transport and com-munication, Education, Health, and Electricity and water were the only sectors that were not revised during the period under review (Table 1). Based on the revised changes, the GDP figure for the first quarter increased to 1.9 per cent from 1.2 per cent.

1 Introduction

Table A Sectoral growth rates revisions for the first quarter of 2013

Sector First quarter 2013 in per cent

Revised first quarter in 2013 per cent

Difference

Agriculture 35.0 45.3 10.3 Fishing -‐19.5 -‐11.2 8.3 Mining and quarrying 20.2 20.8 0.6 Manufacturing -‐10.9 -‐10.3 0.6 Construction -‐11.7 -‐10.4 1.3 Wholesale and retail trade 9.4 6.5 -‐2.9 Hotels and restaurants -‐16.7 -‐17.0 -‐0.3 Financial intermediation 2.8 2.4 -‐0.4 Public Administration 3.2 3.1 -‐0.1 Other private services 0.8 -‐1.3 -‐2.1 Real estate and business services 2.9 8.2 5.3 Gross Domestic Product 1.2 1.9 0.7


3 Sources and TimelinessThe sources for quarterly national accounts are quarterly economic surveys and administrative data. Quarterly GDP estimates are released with a time lag of 90 days from the reference quarter.

4 Key findings Year-on-year, the GDP for the second quarter of 2013 recorded a slow growth of 2.3 per cent compared to 12.3 per cent growth registered in the corresponding quarter of 2012. This slow growth was brought about by the Hotels and restaurants, Construction, and Mining and quarrying sectors that declined in real value added by 31.2per cent, 17.7 per cent, and 10.4 per cent, respectively. The sectors that performed exceptionally well during the period under consideration were Agriculture (42.3 per cent), Wholesale and retail services (12.8 per cent) and Fishing (11.7 per cent).

Figure 1 GDP growth in per cent

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2

4

6

8

10

12

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Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2

2010 2011 2012 2013

4.1 Agriculture and forestry

The Agricultural sector recorded robust growth of 42.3 per cent in real value added in the second quarter of 2013 compared to a growth of 10.0 per cent of the corresponding quarter of 2012. The growth in the sector is attributed to the livestock subsector that increased by 81.1 per cent. The growth in the livestock subsector was reflected in the number of cattle and small stock marketed that increased by 138.4 per cent and 17.1 per cent, respectively (Figure 2). This substantial increase can be explained by on-going drought that forces farmers to sell off their livestock in order to avoid losses.

However, the number of pigs marketed registered a decline of 14.8 per cent during the period under consid-eration compared to an increase of 22.0 per cent recorded in the corresponding quarter of 2012. The crop farming recorded an increase of 8.9 per cent in real value added during the second quarter of 2013 compared to 7.6 per cent of the corresponding quarter.


1 The estimate of fish and fish processing on board is based on preliminary figures because a complete set of data is still being awaited from the industry.

Figure 2 Number of livestock marketed, Volume index 2004 = 100

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100

120

140

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Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2

2010 2011 2012 2013

Cattle Pigs Small stock

4.2 Fishing and fish processing on board

Fishing and fish processing on board is estimated to have recorded a slower growth of 11.7 per cent in real value added during the second quarter of 2013 as compared to an increase of 24.9 per cent registered in the same period of 2012 (Figure 3). The slower performance in the sector was mainly influenced by demersal fish-eries landings that declined by 1.4 per cent. The mid-water fisheries on the other hand performed well with landings expanding by 46.1 per cent.


Figure 3 Fish landings, Volume index 2004 = 100

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20

40

60

80

100

120

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2

2010 2011 2012 2013

Demersal Midwater Pelagic Others

4.3 Mining and quarrying

Mining and quarrying recorded a decline of 10.4 per cent in real value added during the second quarter of 2013 compared to an increase of 67.1 per cent recorded in the corresponding quarter of 2012. The increase in dia-mond production in 2012 was due to a recovery in the diamond production from a low base registered in 2011.

This poor performance can be attributed to subsectors ‘diamond mining and metal ores’ that recorded declines in real value added of 12.6 per cent and 11.2 per cent, respectively. The production of diamond recorded a decline of 8.1 per cent during the period under review (Figure 5). The decline in metal ores on the other hand is attributed to the gold and copper production that recorded declines of 37.6 per cent and 3.5 per cent re-spectively, (Figure 7).

However, subsectors ‘uranium mining and other mining and quarrying’ which includes granite, marble and salt and fluorspar registered moderate growth rates in real value added of 7.6 per cent and 8.1 per cent, respec-tively.

The moderate growth rates in other mining and quarrying can be attributed an increase in production of mar-ble registering a 27.0 per cent, granite 15.3 per cent, common salt 1.8 per cent while fluorspar registered a decline of 13.0 per cent. The production of uranium recorded an increase of 5.8 per cent (Figure 6).


Figure 4 Total mining production Volume index 2004 = 100

Figure 5 Diamond production and sales in thousands of carats

Source: Ministry of Mines and Energy

0

20

40

60

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120

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2

2010 2011 2012 2013Total Mining Index 3 per. Mov. Avg. (Total Mining Index)

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100

200

300

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500

600

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2

2010 2011 2012 2013

Production Sales


Figure 6 Uranium productions – Thousands of short tons

Figure 7 Metal Ores Index

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500

1,000

1,500

2,000

2,500

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2

2010 2011 2012 2013

Source: Ministry of Mines and Energy

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20

40

60

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100

120

140

160

180

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220

240

260

280

300

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Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2

2010 2011 2012 2013

Copper Gold Lead Zinc


4.4 Manufacturing

The manufacturing sector recorded a slow growth of 1.1 per cent in real value added in the second quarter of 2013 compared to 20.3 per cent in the corresponding quarter of 2012. The slow growth in the sector is attrib-uted to the poor performance in the subsectors ‘other manufacturing not elsewhere classified (that includes diamond cutting), leather and leather products and chemicals and chemical products that recorded a declines of 16.1 per cent, 13.1 per cent and 11.4 per cent. The decline in diamond cutting is due to a weak global demand for luxury products. The decline in leather and leather products are due to an increase in the cost of intermediate consumption (input) as a result of weak exchange rate. The decline in chemical and chemical products are due to an overall increase in fuel consumption.

Fish processing on shore and dairy products’ also recorded declines of 7.2 per cent and 7.1 per cent, respec-tively. The decline in fish processing are due to a reduction in the landings of pelagic by 13.9 per cent and demersal by 1.4 per cent. On the other hand, the production of milk declined due to the prevailing drought condition and reduced grazing areas.

There were, however, other subsectors within the manufacturing sector that performed relatively well during the period under review. These were other food products and textile and wearing apparel that recorded in-creases in real value added of 55.7 per cent and 49.6 per cent. Also, other subsector such as other non-metallic minerals products and meat processing recorded increases of, 38.9 per cent and 36.4 per cent respectively.

4.5 Electricity and water

The electricity and water sector recorded a decline of 5.1 per cent in the second quarter of 2013 compared to a growth of 0.5 per cent recorded in the same period of 2012. The poor performance in the sector was mainly influenced by the electricity subsector, which recorded a decline of 7.2 per cent in real value added. The per-formance in the electricity subsector was influenced by the increase in intermediate consumption, which is reflected in the increase of imports by 29.9 per cent in volume terms (Figure 8).

On the other hand, the volume of electricity sales was up by 3.7 per cent during the period under review (Fig-ure 9). The water subsector registered a slow growth of 2.6 per cent in real value added when compared to 5.5 per cent recorded in the same period of 2012.


Figure 8 Sources of electricity in millions of KWH

Figure 9 Sales of electricity in millions of KWH

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400

600

800

1,000

1,200

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2

2010 2011 2012 2013

Own generation Imports

Source: Nampower

Source: Nampower

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100

200

300

400

500

600

700

800

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2

2010 2011 2012 2013

Distributors Mining Others


Figure 10 Value of buildings completed – NAD Millions

Source: Municipalities and town councils

4.6 Construction2

Real value added in the construction sector registered a decline of 17.7 per cent in the second quarter of 2013 compared to a growth of 0.5 per cent recorded in the same period of 2012. The poor performance were re-flected in the value of buildings completed and the value of building plans approved that recorded declines of 27.3 per cent and 39.1 per cent, respectively.

The decline in the value of buildings completed is reflected in the Central region that recorded a decline of 40.7 per cent (Figure 10). However, the performance in the buildings completed in the Northern, Western and Southern Regions recorded an increase of 19.4 per cent, 13.9 per cent and 10.9 per cent respectively. Building plans approved for Central region and Northern region declined by 29.0 per cent and 60.7 per cent, respec-tively. Other regions like Eastern, Southern and Western regions showed a strong performance and recorded growth rates of 48.3 per cent, 12.8 per cent and 7.6 per cent (Figure 11).

However, the construction works for general government in real value increased by 89.8 per cent (Figure 12) compared to the same quarter of 2012.

2 For regional classification, refer to the methodological note at the end of this document.

0

100

200

300

400

500

600

700

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2

2010 2011 2012 2013

Central region Western region Eastern region Northern region Southern region


Figure 11 Value of building plans approved – NAD Millions

Figure 12 Real value of Government Expenditure on construction – NAD Million

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500

1,000

1,500

2,000

2,500

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2

2010 2011 2012 2013

Central region Western region Northern region Southern region Eastern region

Source: Municipalities and town councils

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100

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500

600

700

800

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1000

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2

2010 2011 2012 2013

3 The figure for the government expenditure on construction is preliminary and may be subject to change.


Figure 13 Revenue of Wholesale and retail trade – NAD Million

Source: Bank of Namibia

4.7 Wholesale and retail trade

The wholesale and retail trade sector recorded a slower growth of 12.8 per cent in real value added during the second quarter of 2013 compared to an increase of 16.6 per cent registered in the corresponding quarter of 2012. This performance was mainly depicted in sales of the subsector ‘furniture’ that slowed down from 15.5 per cent to 8.4 per cent during the period under review. Vehicle sales also recorded a slower growth of 10.2 per cent during the second quarter of 2013.

Other subsectors ‘supermarket, clothing and wholesalers’ sales registered robust growth rates of 19.1 per cent, 14.6 per cent and 10.2 per cent, respectively (Figure 13).

4.8 Hotels and restaurants4

The hotels and restaurants’ real value added recorded a decline of 31.2 per cent in the second quarter of 2013 compared to an increase of 1.1 per cent registered in the same quarter of 2012. The poor performance of the sector was caused by the decline in the number of bed nights sold and room nights sold that declined by 30.1 per cent and 31.3 per cent, respectively (Figure 14).

4 The figures for hotels and restaurants must be interpreted with caution as they are based only on HAN membership.

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1,000

2,000

3,000

4,000

5,000

6,000

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2

2010 2011 2012 2013

Supermarkets Vehicles Other


4.9 Transport and communication

The transport and communication sector recorded a decline of 2.5 per cent in real value added during the second quarter of 2013 compared to an increase of 8.1 per cent registered in the same quarter of 2012. Air transport, port services, travel agency and tour operators’ subsectors registered declines of 25.1 per cent, 18.0 per cent and 16.8 per cent respectively. The slow growth in the port services is depicted in cargo handled (Figure 15).

However, telecommunication, freight by road and transport via railway subsectors recorded growths in real value added of 5.5 per cent, 9.1 per cent and 6.7 per cent, respectively (Figure 16).

Figure 14 Number of bed nights and room nights sold in thousands

0

20

40

60

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100

120

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160

180

200

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2

2010 2011 2012 2013

Bed nights sold Room nights sold

Source: Hospitality Association of Namibia (HAN)


Figure 15 Cargo Handled in Thousands of Tons

Figure 16 Volume of Freight Transported in Thousands of Tons

Source: Namibia Port Authority

Source: Transnamib

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200

400

600

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1,000

1,200

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1,800

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2

2010 2011 2012 2013Landed Shipped Transshipped

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100

200

300

400

500

600

700

800

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2

2010 2011 2012 2013

Rail Road


4.10 Financial intermediation

Financial intermediation increased by 3.2 per cent in the second quarter of 2013 compared to 7.9 per cent re-corded in the same period of 2012. The slow growth was influenced by the insurance subsector that registered a slow growth of 2.1 per cent 2013, from 10.2 per cent in 2012 of the corresponding quarter.

The banking subsector recorded an increase of 4.3 per cent in the second quarter of 2013 compared to 5.6 per cent in 2012 of the same quarter. This performance in the banking subsector reflects the claims by the private sector that registered a faster growth of 14.0 per cent when compared to a 12.0 per cent recorded in the cor-responding quarter of 2012 (Figure 17).

Figure 17 Deposits and claims

-‐10,000

0

10,000

20,000

30,000

40,000

50,000

60,000

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2

2010 2011 2012 2013

Deposits by all sectors Claims by private sector Net claims by central government

Source: Bank of Namibia


Table 1 Quarterly Gross Domestic Product by Activity in Constant 2004 Prices - NAD million

Year Quarter Agriculture Fishing Mining and quarrying

Manufac-‐turing

Electricity and water

Construc-‐tion

Wholesale and retail trade

Hotels and restau-‐rants

Transport and com-‐munication

2006 1 483 417 1 129 1 491 308 384 1 216 174 7172 715 373 1 153 1 547 319 379 1 294 216 7313 556 324 1 294 1 624 285 436 1 419 250 7754 932 193 1 141 1 234 270 402 1 543 206 776

2007 1 528 306 1 445 843 340 449 1 310 237 7612 735 269 1 044 1 106 327 492 1 432 206 8013 540 252 995 2 842 339 463 1 527 229 8184 761 232 1 259 1 610 228 428 1 635 264 780

2008 1 395 395 1 087 2 169 315 702 1 406 302 7762 563 280 1 054 1 484 372 393 1 495 285 7833 403 225 1 185 1 498 297 462 1 577 174 8374 741 103 1 281 1 385 231 458 1 594 199 848

2009 1 399 348 429 1 596 305 550 1 463 206 8242 553 283 721 1 633 358 400 1 488 245 8323 429 265 673 1 728 232 371 1 579 262 8794 733 152 839 1 963 327 323 1 729 229 880

2010 1 385 300 766 1 733 334 370 1 551 194 8462 536 300 1 135 1 880 343 441 1 626 221 8803 425 289 936 2 008 292 478 1 778 261 8944 702 181 694 1 807 283 448 1 799 272 882

2011 1 415 313 930 1 934 343 463 1 576 154 8912 596 267 583 1 770 347 549 1 620 246 8833 489 345 918 1 808 320 566 1 863 320 9304 866 234 823 2 007 298 494 1 918 255 970

2012 1 460 404 738 1 991 357 572 1 866 200 9522 656 334 974 2 130 348 551 1 888 249 9543 533 353 928 1 657 320 587 1 984 308 9764 997 265 1 003 1 832 349 620 2 083 205 945

2013 1 668 359 891 1 787 346 512 1 987 166 9582 933 373 873 2 154 330 454 2 130 171 931


Table 1 Quarterly Gross Domestic Product by Activity in Constant 2004 Prices - NAD million (Cont)

Year Quarter Financial interme-‐diation

Real estate activities and business services

Public admi-‐nistration

Education Health Other private services

FISIM All indust. at basic prices

Taxes on products

GDP at market prices

2006 1 492 1 066 928 794 379 512 141 10 351 899 11 250 2 500 1 075 943 794 341 514 150 10 745 913 11 658 3 507 1 089 962 794 375 516 150 11 058 982 12 040 4 524 1 110 983 794 366 518 152 10 841 1 065 11 906

2007 1 532 1 140 1 009 841 392 520 161 10 491 970 11 462 2 546 1 161 1 038 841 400 521 156 10 761 963 11 724 3 594 1 178 1 067 841 410 522 170 12 449 978 13 426 4 595 1 190 1 098 841 344 523 166 11 624 1 136 12 760

2008 1 602 1 198 1 134 890 470 524 171 12 194 1 010 13 204 2 607 1 209 1 161 890 451 526 168 11 384 1 058 12 442 3 625 1 224 1 180 890 443 530 170 11 382 1 206 12 588 4 654 1 244 1 192 890 363 535 162 11 556 1 249 12 805

2009 1 674 1 272 1 199 926 492 543 163 11 064 975 12 039 2 693 1 289 1 211 926 467 546 165 11 481 1 062 12 543 3 700 1 301 1 231 926 451 546 164 11 407 1 122 12 530 4 727 1 306 1 260 926 368 542 175 12 129 1 243 13 372

2010 1 732 1 315 1 301 977 505 535 180 11 663 1 049 12 712 2 721 1 316 1 328 977 482 531 174 12 542 1 141 13 683 3 733 1 314 1 346 977 460 530 179 12 542 1 229 13 770 4 756 1 311 1 355 977 373 533 191 12 183 1 302 13 485

2011 1 750 1 305 1 355 1 113 509 538 182 12 407 1 294 13 701 2 749 1 321 1 363 1 113 489 542 186 12 252 1 270 13 523 3 776 1 360 1 378 1 113 479 542 194 13 013 1 498 14 510 4 792 1 421 1 414 1 113 401 540 204 13 340 1 530 14 870

2012 1 801 1 504 1 430 1 140 561 535 203 13 307 1 302 14 6092 808 1 566 1 452 1 140 549 532 212 13 920 1 271 15 191 3 823 1 607 1 467 1 140 544 530 212 13 544 1 204 14 749 4 836 1 628 1 504 1 140 446 528 218 14 163 1 272 15 436

2013 1 820 1 626 1 474 1 163 597 529 206 13 678 1 204 14 882 2 839 1 626 1 474 1 163 598 528 218 14 358 1 190 15 548


Table 2 Quarterly Gross Domestic Product by Activity in Constant 2004 Prices – Percentage changes

Year Quarter Agricul-‐ture

Fishing Mining and quarrying

Manufac-‐turing

Electricity and water

Construc-‐tion

Wholesale and retail trade

Hotels and restau-‐rants

Transport and com-‐munication

2006 1 -‐1.9 4.7 8.3 6.9 10.0 40.3 4.5 -‐13.0 16.02 4.3 -‐15.7 33.1 4.4 12.8 41.7 10.5 13.1 15.23 -‐7.4 -‐0.6 52.4 11.9 -‐3.6 36.1 9.2 6.5 15.04 15.0 -‐27.5 21.5 -‐12.6 3.9 31.7 6.3 27.1 10.8

2007 1 9.3 -‐26.7 28.0 -‐43.5 10.2 17.0 7.7 35.7 6.22 2.7 -‐27.9 -‐9.5 -‐28.5 2.5 29.9 10.7 -‐4.9 9.63 -‐2.9 -‐22.4 -‐23.1 75.0 19.0 6.3 7.6 -‐8.3 5.64 -‐18.4 20.3 10.3 30.4 -‐15.6 6.5 5.9 28.4 0.5

2008 1 -‐25.3 29.0 -‐24.8 157.3 -‐7.3 56.4 7.4 27.9 1.92 -‐23.4 4.1 0.9 34.2 13.9 -‐20.2 4.4 38.7 -‐2.33 -‐25.5 -‐10.4 19.1 -‐47.3 -‐12.7 -‐0.2 3.3 -‐24.0 2.24 -‐2.6 -‐55.7 1.8 -‐13.9 1.3 6.9 -‐2.5 -‐24.7 8.6

2009 1 1.2 -‐11.8 -‐60.5 -‐26.4 -‐3.2 -‐21.7 4.0 -‐31.8 6.22 -‐1.8 1.0 -‐31.5 10.0 -‐3.8 1.9 -‐0.5 -‐14.1 6.33 6.6 17.4 -‐43.2 15.3 -‐21.8 -‐19.8 0.1 50.0 5.04 -‐1.1 47.1 -‐34.5 41.7 41.5 -‐29.3 8.4 14.9 3.9

2010 1 -‐3.6 -‐14.0 78.6 8.6 9.5 -‐32.6 6.0 -‐6.1 2.72 -‐3.0 6.0 57.4 15.1 -‐4.3 10.2 9.3 -‐9.9 5.73 -‐1.0 9.1 39.1 16.2 25.9 28.8 12.6 -‐0.3 1.74 -‐4.2 19.3 -‐17.3 -‐7.9 -‐13.4 38.6 4.1 19.1 0.2

2011 1 7.8 4.3 21.3 11.6 2.8 25.0 1.7 -‐20.7 5.32 11.1 -‐10.8 -‐48.7 -‐5.8 1.1 24.5 -‐0.4 11.4 0.43 15.2 19.6 -‐2.0 -‐9.9 9.7 18.4 4.8 22.7 4.04 23.3 29.6 18.5 11.1 5.2 10.4 6.6 -‐6.4 10.0

2012 1 10.7 29.4 -‐20.6 3.0 4.0 23.5 18.3 30.3 6.92 10.0 24.9 67.1 20.3 0.5 0.5 16.6 1.1 8.13 8.9 2.2 1.1 -‐8.4 -‐0.1 3.9 6.5 -‐3.8 4.94 15.2 13.0 21.9 -‐8.7 17.2 25.5 8.6 -‐19.3 -‐2.6

2013 1 45.3 -‐11.2 20.8 -‐10.3 -‐2.9 -‐10.4 6.5 -‐17.0 0.62 42.3 11.7 -‐10.4 1.1 -‐5.1 -‐17.7 12.8 -‐31.2 -‐2.5


Table 2 Quarterly Gross Domestic Product by Activity in Constant 2004 Prices – Percentage changes

Year Quarter Financial interme-‐diation

Real estate activities and business services

Public admi-‐nistration

Education Health Other private services

FISIM All indust. at basic prices

Taxes on products

GDP at market prices

2006 1 5.9 3.7 -‐0.4 3.5 -‐12.8 3.7 14.8 5.0 -‐1.3 4.42 2.3 3.0 2.8 3.5 -‐3.8 3.0 12.7 7.9 5.3 7.73 2.9 3.3 5.6 3.5 7.1 2.4 14.7 10.6 7.1 10.34 6.0 4.5 7.7 3.5 19.4 1.9 14.6 6.0 5.2 5.9

2007 1 8.0 6.9 8.8 6.0 3.4 1.5 14.1 1.4 7.9 1.92 9.1 8.0 10.0 6.0 17.1 1.3 4.1 0.2 5.4 0.63 17.1 8.2 11.0 6.0 9.2 1.1 13.2 12.6 -‐0.4 11.54 13.6 7.2 11.7 6.0 -‐5.9 1.1 9.1 7.2 6.7 7.2

2008 1 13.2 5.1 12.4 5.8 20.0 0.8 6.1 16.2 4.1 15.22 11.2 4.1 11.9 5.8 12.9 1.0 7.4 5.8 9.9 6.13 5.2 3.9 10.6 5.8 8.2 1.5 0.0 -‐8.6 23.4 -‐6.24 9.9 4.6 8.6 5.8 5.3 2.3 -‐2.2 -‐0.6 9.9 0.3

2009 1 12.0 6.2 5.7 4.1 4.7 3.5 -‐4.6 -‐9.3 -‐3.4 -‐8.82 14.3 6.6 4.3 4.1 3.5 3.8 -‐1.7 0.9 0.3 0.83 11.9 6.2 4.3 4.1 1.6 3.0 -‐3.5 0.2 -‐6.9 -‐0.54 11.1 5.0 5.6 4.1 1.4 1.3 7.6 5.0 -‐0.5 4.4

2010 1 8.6 3.4 8.5 5.5 2.7 -‐1.4 10.7 5.4 7.5 5.62 4.0 2.1 9.7 5.5 3.2 -‐2.8 5.5 9.2 7.4 9.13 4.8 1.1 9.4 5.5 2.0 -‐2.9 9.1 9.9 9.5 9.94 4.0 0.3 7.6 5.5 1.4 -‐1.8 9.3 0.4 4.8 0.8

2011 1 2.5 -‐0.7 4.2 14.0 0.7 0.6 0.7 6.4 23.4 7.82 3.9 0.4 2.6 14.0 1.5 2.0 6.7 -‐2.3 11.4 -‐1.23 5.9 3.4 2.3 14.0 4.3 2.2 8.7 3.8 21.9 5.44 4.7 8.4 4.3 14.0 7.4 1.4 6.9 9.5 17.5 10.3

2012 1 6.7 15.2 5.5 2.4 10.3 -‐0.5 12.0 7.2 0.6 6.62 7.9 18.5 6.5 2.4 12.2 -‐1.8 13.9 13.6 0.0 12.33 6.1 18.2 6.5 2.4 13.5 -‐2.3 9.0 4.1 -‐19.6 1.64 5.7 14.6 6.4 2.4 11.3 -‐2.2 7.0 6.2 -‐16.9 3.8

2013 1 2.4 8.2 3.1 2.0 6.4 -‐1.3 1.1 2.8 -‐7.6 1.92 3.7 3.8 1.5 2.0 8.9 -‐0.6 2.9 3.1 -‐6.4 2.3


System of National Accounts 1993:

The SNA 1993 is an internationally agreed methodology used for compilation of national accounts es-timates published by the United Nations in co-operation with other international organizations. This means that the methodology, concepts and classifications are in accordance with the latest guidelines of an internationally agreed system of national accounts.

Quarterly GDP estimates:

Quarterly estimates of value added in real terms are less comprehensive and therefore need to be aligned to the annual real estimates. Short-term indicators are used to estimate the quarterly GDP. In terms of coverage, quarterly indicators are not as reliable as in instances where the results of annual estimates are used. Therefore, the quarterly estimates must be adapted to the independent annual estimates when such estimates become available. To this extent, the Proportional Denton Method is used. It is a technique that generates a series of the quarterly estimates as proportional to the indica-tor as possible subject to the restrictions provided by the annual data.

Weight Calculation

1 Short ton = 0.907185 ton

Agriculture:

The output of crop subsector in the quarterly national accounts is benchmarked to the annual ac-counts on the assumption that in the second quarter, that is when harvesting of summer crops take place.

Classifications:

The estimates of value added by industry are classified according to the third revision of the Interna-tional Standard Industrial Classification of all Economic Activities (ISIC), with suitable adaptations for Namibian conditions.

Regional breakdown:

The following regions are represented by municipalities and town councils in respective towns that are surveyed by the NSA;

Central region: WindhoekNorthern region: Okahandja, Otjiwarongo, Outjo, Grootfontein, Tsumeb, Ondangwa, Oshakati, On-gwediva, Okakarara, Rundu and Katima Mulilo

Eastern region: Gobabis

Western region: Swakopmund, Walvis Bay, Henties Bay, Karibib, Usakos and Omaruru Southern region: Keetmanshoop, Mariental, Karasburg, Nami≠Nüs (Lüderitz) and Rehoboth

Appendix 1 Methodological Notes


NOTES


NOTES


NOTES

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GROSS DOMESTIC PRODUCT 2ND QUARTER 2013 · 2018-04-29 · GROSS DOMESTIC PRODUCT SECOND QUARTER 2013 7 The main purpose of the compilation of quarterly national accounts is to provide