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Bannerman and CNNC move Etango mine into construction with $353 million budget
Final investment decision opens large-scale construction of the Namibian mine. First uranium concentrate targeted for 2028.
Country
GDP growth
1.7%
2025 · 2026 : 2.0% (projection)
Inflation
3.5%
2025 · 2026 : 4.1% (projection)
Public debt
67.5%
2025 · % of GDP · 2026 : 67.5% (projection)
Fiscal balance
-5.9%
2025 · % of GDP · 2026 : -5.8% (projection)
Current account balance
-13.1%
2025 · % of GDP · 2026 : -16.9% (projection)
Nominal GDP
15.1 bn USD
2025 · 2026 : 17.9 bn USD (projection)
GDP per capita
4,924 USD
2025 · 2026 : 5,742 USD (projection)
Population
3.1 million
2025
In %
Source: IMF World Economic Outlook
| Observed or estimated | IMF projection | |
|---|---|---|
| 2015 | 4.3 | – |
| 2016 | 0 | – |
| 2017 | -1 | – |
| 2018 | 1.1 | – |
| 2019 | -0.8 | – |
| 2020 | -8.1 | – |
| 2021 | 3.6 | – |
| 2022 | 5.4 | – |
| 2023 | 4.3 | – |
| 2024 | 3.8 | – |
| 2025 | 1.7 | 1.7 |
| 2026 | – | 2 |
| 2027 | – | 2.7 |
| 2028 | – | 3 |
| 2029 | – | 3.1 |
| 2030 | – | 3 |
| 2031 | – | 3 |
In %
Source: IMF World Economic Outlook
| Observed or estimated | IMF projection | |
|---|---|---|
| 2015 | 3.4 | – |
| 2016 | 6.7 | – |
| 2017 | 6.1 | – |
| 2018 | 4.3 | – |
| 2019 | 3.7 | – |
| 2020 | 2.2 | – |
| 2021 | 3.6 | – |
| 2022 | 6.1 | – |
| 2023 | 5.9 | – |
| 2024 | 4.2 | – |
| 2025 | 3.5 | 3.5 |
| 2026 | – | 4.1 |
| 2027 | – | 4.2 |
| 2028 | – | 3.3 |
| 2029 | – | 3 |
| 2030 | – | 3 |
| 2031 | – | 3 |
Sources: IMF World Economic Outlook (key figures, growth and inflation; estimates and projections from 2026); World Bank World Development Indicators (population and structural indicators). The latest available year is shown for each figure.
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Final investment decision opens large-scale construction of the Namibian mine. First uranium concentrate targeted for 2028.
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