Although every sector contributes to GDP, primary sector’s contribution has declined by 1.9pc: John Steytler

WINDHOEK: Although every sector contributes to the overall Gross Domestic Product (GDP), the primary sector’s contribution has declined by 1.9 percentage points, Statistician-General of the Namibia Statistics Agency (NSA) John Steytler says.

Speaking during a presentation on the re-based preliminary 2013 annual national accounts in the capital yesterday, Steytler said the decrease in the primary industry weight is led by the mining sector, which shed 1,2 percentage points compared to the 2004 base year.

Re-basing involves replacing the old base year with a more up-to-date base year, with the base year being the year used for comparison for the level of a particular economic index.

The tertiary and secondary sectors have benefited from the decline in the primary industry, receiving 1,9 and 0,5 percentage points respectively.

Steytler however said within the mining sector there has been a significant shift with respect to the contribution of uranium and diamond mining to total mineral output.

Prior to re-basing, uranium accounted for only 4,7 per cent of mineral output, and its share has now increased to 25,4 per cent.

SOURCE: NAMPA