This overview provides a summary of the selected indicators, including their latest values, changes over time, and key statistics.
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This indicator tracks the annual percentage change in Namibia's total population. It reflects the net effect of births exceeding deaths (natural increase) and net migration. Economists and policymakers monitor this rate to understand demographic shifts that impact labor supply, consumer demand, and social service needs. A rising growth rate can signal a young, expanding workforce potentially driving economic activity, but also increased pressure on infrastructure and resources. Conversely, a declining rate might suggest an aging population, potentially leading to labor shortages and slower economic expansion. The calculation involves comparing the current year's population to the previous year's, divided by the previous year's population, then multiplied by 100. Significant deviations from historical trends can prompt adjustments in fiscal policy, investment in education and healthcare, and strategies for managing migration.
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