Q2 GDP 2017 - d3rp5jatom3eyn.cloudfront.net€¦ · Q2 GDP 2017 Senior Stas2cian: Naonal Accounts By Titus Victor Kamatuka Outline • Introduc2on • GDP growth rate • Key drivers

Q2GDP2017

SeniorSta2s2cian:Na2onalAccounts

ByTitusVictorKamatuka

Outline

•  Introduc2on•  GDPgrowthrate•  Keydriversoftheperformance•  Conclusion

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•  Namibiana2onalaccountsarecompiledinlinewithSNA93oftheUN

•  Quarterlyindicators–highfrequencydata–trackperformanceofeconomy

•  Sourcesaresurveysandadministra2vedata•  Resultsarepresentedonquarterlybasisfor16sectorsoftheeconomy

Introduc2on

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RealQGDPcontractedby

-1,7%inQ22017

(yearon-year)

RealQGDPgrowth

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RealQuarterlyGDPrate

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Keydriversofpoorperformance

•  Majorcontrac2onswereobserved:–  Construc2onsector

–Wholesaletradeandrepairssector

–Fishingsector

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A_ributestopoorperformance

•  CONSTRUCTIONSECTOR:

•  OWESDECLINETOADROPINREALVALUEOFGRNCONSTRUCTION

•  Y/ydropby83.3%comparedto+6.1%in2016

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A_ributestopoorperformance

•  WHOLESALEANDRETAILSECTOR:

•  DECLINEREFLECTEDINDROPINTOTALREVENUE

•  Y/ydropby-2.3%comparedto+15.8%in2016

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A_ributestopoorperformance

•  FISHINGSECTOR:•  OWESDECLINETOADROPINMID-WATERFISHERIES

•  Y/ydropby-13.2%comparedto+8.4%in2016

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Agriculturegrowth+17.0%

•  Keydrivers:-  Livestocksubsector:VAgrewby+12.5%vs

+12.2%in2016-  Cropsubsector:VAgrewby32.0%vs-

1.7%in2016

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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%

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Manufacturinggrowth+2.9%

•  Keydrivers:-  Beveragessubsector:VAgrewby+10.8%vs

-14.3%in2016-  Basicnon-ferrousmetalsubsector:

VAgrewby+1.4%vs+33.9%in2016

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Servicesectorgrowth

•  TradegrowthKeydrivers: -Y/ycontrac2on-8.2%vs+10.0%in2016

•  PubAdmin&Defensegrowth

Keydrivers: -Y/ycontrac2on-2.3%vs-1.0%in2016

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Servicesectorgrowth

•  Finance Keydrivers: -Y/yslowed+0.9%vs+4.6%in2016

•  TransportKeydrivers: -Y/yslowed+3.5%vs+5.1%in2016

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•  Y/yRealQ2GDP-1.7%•  Contrac2onsowedto:

-Construc2onsector-WholesaleRetailTradesector-Fishing

Othercontrac2onsobserved: -PubAdmin

-HotelsandRestaurants-U2litysector

Posi2veperformance:doubledigitgrowthrates

-Agriculture-Mining

Conclusion

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Thankyouforyoura_en2on