According to the final National Accounts for 2011, the Namibian economy grew by 4.8% in 2011, down from 6.6 % in 2010. Primary industries recorded a decline of 0.9 % owing to a substantial contraction in mining at minus 8.5 %, while agriculture and fisheries showed strong growth of 8.6% and 6.2 %t respectively.
Secondary industries expanded by 4.1% supported by the strong performance of the construction sector at about 15.2 % on the back of government's Targeted Intervention Programme for Employment and Economic Growth (TIPEEG) programme. The tertiary sector grew by 4.3% mainly due to improved performance from the public services, such as education which stood at about 8.6 % and public administration at 5.4%. This is according to the September 2012 edition of the Economy Watch of the Institute of Public Policy Research (IPPR), compiled by economist Klaus Schade.
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