61 500 businesses operating in Namibia

There are 61 502 businesses operating in Namibia where 348 822 people are employed, according to the Census of Business Establishment 2019/21 report official launched by the Namibia Statistics Agency at Swakopmund last Thursday.“This is our new kid on the block,” said Alex Shimuafeni, statistician-general and NSA CEO, who announced the release of four other economic statistic reports, which included the Government Wage Index for the fourth quarter of 2021; the Agriculture Statistical Bulletin for the fourth quarter of 2021; the Annual Merchandise Trade Statistics for 2021; and the Preliminary National Accounts 2021.Shimuafeni explained that the reason for the creation of a business establishment census was to provide detailed structural and demographic characteristics of establishments that will be used to enrich the Statistical Business Register (SBR).The census was conducted from conducted from October 2019 to April 2021. According to him, the Covid-19 pandemic and its restrictions did result in the cencuc being extended over a longer period.Enumerators visited all business establishments countrywide with a fixed location; this excluded open markets and communal farming activities and establishments that were attached to household structures.A total of 61 502 establishments were contacted during the enumeration period of the census. Establishments were mostly concentrated in Omusati region (18%), Ohangwena (15.6%) and Khomas (15%). Omaheke recorded the least number accounting for 2% percent of the total establishments.More than half of the establishment are situated in rural areas (56.9%).Based on the micro, small to medium enterprises classification of the size of establishments which is based on the number of employees, the census revealed that the majority of establishments are categorized as micro establishments of about 55 804 (90,7%), followed by small establishments at 3 918 (6.4%) and medium establishments at 1 435 (2.3%). Only 345 establishments accounting for 0,6 percent are considered to be large.Furthermore, the census revealed that, 63,1% of establishments (38 797) were sole proprietors while 19,9% (12,210) were close cooperations.Establishments with ownership status of sole proprietors were mainly owned by men with a share of 53%.Nearly 50% of establishment were in ‘accommodation and food service activities’ sector while ‘wholesale and retail trade sector accounted 25,2% of total establishments.During the census period, establishments reported to have 348 822 employees. Most of employees were recruited in ‘wholesale and retail trade’ (66 770 employees) and ‘accommodation and food service activities’ (54 840 employees) sectors.In relation to nationality, the census revealed that 98% of the employees were Namibians while 2% were foreign.Non-Namibians employees were prominent in education and ‘wholesale and retail trade’ sectors.Highlights from the government wage index, which measures the level of prices that government employees charge in exchange for labor services they provide, showed that the index rose by 1,3% over all government sectors.The central government is estimated to have employed 108 875 officials as at 31st December 2021. Of these, 61.8% were from public administration, followed by 28% in education and 10.2% in the health sector.Government wage bill for the fourth quarter of 2021 expanded and stood at N$6,3 billion.As for the agriculture statistical bulletin for the last quarter of 2021, agriculture, fishing and forestry’ sector deteriorated in fourth quarter of 2021 – the three sectors’ GDP share also remaining somewhat stagnant at 8,9%.Looking at international trade, Namibia’s export earnings from commodities of ‘Agriculture, Forestry and Fishing’ sector amounted to N$3,7 billion whereas the import bill stood at N$1.2 billion.The International Merchandise Trade Statistics for 2021 revealed that Namibia exports to the rest of the world amounted to N$68,3 billion, while the total import bill amounted to N$97,6 billion. Thus Namibia recorded a trade deficit of N$29.3 billion in 2021.The main export destinations for Namibia’s products in 2021 were South Africa accounting for 20,1% followed by China (17.9%), Botswana (12.6%), Zambia (7.3%), and Spain (6.3%).Namibia sourced 49.1% of its products from South Africa in 2021 followed by China (7%), India (4.7%), Peru (3.7%) and USA (2.6%).Data from the Preliminary National Accounts 2021 revealed that the size of the economy as measured by nominal GDP stood at N$180.8 billion, expanding by N$7 billion from last year. Gross value added however remains below pre-pandemic.

61 500 businesses operating in Namibia

Comments

Namibian Sun 2025-07-09

Please login to leave a comment

61 500 businesses operating in Namibia

Comments

Namibian Sun 2025-07-09

Please login to leave a comment

Login