The Namibian economy is projected to grow moderately over the medium term, following slower growth estimated for 2025. The domestic economy is estimated to have grown by 1.7 percent in 2025 and is projected to expand further by 2.6 percent and 2.9 percent in 2026 and 2027, respectively. Despite downward revisions compared to the December 2025 Economic Outlook update, growth in 2026 and 2027 remains moderate, primarily supported by anticipated expansion in the secondary and tertiary industries, particularly construction, electricity and water, wholesale and retail trade, financial service activities, and public administration and defence. In addition, uranium mining is expected to remain a key source of growth within the primary industries, supported by increased production from existing operations. The latest projections for 2026 and 2027 reflect a downward revision of 1.2 percentage points and 1.4 percentage points, respectively, compared to projections published in the December 2025 Economic Outlook update. The downward revisions mainly reflect weaker-than-previously anticipated performance in the primary industries, particularly the significant contraction in metal ores production and continued weakness in diamond mining.