## Namibia: Staff Report for the 2005 Article IV Consultation

_IMF Staff Country Reports, April 28, 2006_

## Source details

**Canonical URL:** [Namibia: Staff Report for the 2005 Article IV Consultation](https://www.imf.org/en/publications/cr/issues/2016/12/31/namibia-staff-report-for-the-2005-article-iv-consultation-19173)

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## Bibliographic details
- Published: April 28, 2006
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451828412.002

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### Key findings
- Namibia recorded robust real GDP growth over the last two years.
- Falling inflation was observed during the period.
- The country maintained a strong external current account surplus.
- External indebtedness remained continued low.

### Economic performance 2004–2005
- Real GDP grew by 6 percent in 2004.
- Growth in 2004 was driven by a surge in diamond production prompted by new marine technologies and solid activity in most other sectors, aided by a decline in interest rates.
- Growth slowed in 2005 as diamond production fell relative to the high production base of the previous year and growth rates in other sectors moderated somewhat.

### Thematic coverage (subjects highlighted in the report)
- Banking
- Expenditure
- External debt
- Fiscal policy
- Government debt management
- Public debt
- Public financial management (PFM)

*Source: Namibia: Staff Report for the 2005 Article IV Consultation*

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_Source: https://www.imf.org/en/publications/cr/issues/2016/12/31/namibia-staff-report-for-the-2005-article-iv-consultation-19173_