Real GDP, which peaked at 6.1% in 2015, contracted by an estimated 1.0% in 2019, following a 0.5% contraction in 2018. Aggregate demand fell sharply in 2016 and 2017 as the government began fiscal consolidation to correct growing imbalances from high public spending and falling revenues from the Southern African Customs Union (SACU).
At the end of 2016, the Namibian banking sector represented a total asset of $5.7 billion.
Credit distributed to businesses represents $2.6 billion and, more broadly, credit to private sector totaling $6.2 billion.
Namibian Stock Exchange has 40 listed companies, representing, at the end of 2019, a market capitalization of $2.6 billion.