Central Bank of Namibia - Annual Report 2005

According to the Central Bank of Namibia's Annual Report 2005, following the robust economic growth in 2004, the Namibian economy was estimated to grow at a slower pace during 2005.

"The real gross domestic product (GDP) was estimated to have slowed to 3.2 percent in 2005 after a robust growth of 5.9 percent realized during 2004. The slow pace of growth during 2005 could mainly be explained by a decline in the value added in total primary industries, particularly due to the poor performance of

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