Namibia’s agriculture and forestry sector records 47.2% value added in Q2 2020

Namibia’s agriculture and forestry sector recorded 47,2 percent in valued added during the second quarter of 2020. This translates into a N$2,4 billion (approximately US$161 million) contribution to GDP after a 15 percent decline in the first three months of the year.

The Namibia Statistics Agency (NSA) says agriculture and forestry rebounded after good rains and planning in the 2019/20 summer season after registering a decline of 31,8 percent the previous year.

With the sector being a key economic pillar, employing the majority of Namibians directly and indirectly, Agriculture, Water and Land Reform Minister Calle Schlettwein has stated: “It is satisfying that the agriculture sector performance improved by growing 42,7 percent in the second quarter. It confirms that agriculture holds the best opportunities to revive the economy. Obviously this growth must be supported by public/private investments in agriculture.”

As reported in an article on¸ the Agriculture, Water and Forestry Ministry is banking on its Green Scheme and the National Horticulture Development Initiative (NHDI) to further boost the sector’s contribution to the national economy.

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