Over the past five years, GDP has grown from N$190 billion to N$270 billion, with tax revenue rising from N$55 billion to N$76 billion, a compounded growth rate of 9%, sustaining a tax-to-GDP ratio of 30.5% and placing Namibia among Africa’s top three. Speaking at the State of the Nation Address today, President Netumbo Nandi-Ndaitwah said through prudent policies and strategic investments, the government continues to lay a solid foundation for sustainable economic growth and shared prosperity.
Photo: Namibian Presidency