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Namibia:Fishing contributes N$3 billion to GDP

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Source: Economist Namibia
The fishing sector contributed close to N$3 billion to the gross domestic product (GDP) of the country in the 2007/08 financial year.
According to the latest annual report of the Ministry of Fisheries and Marine Resources, the total value of exported fish and fish products was N$4.7 billion for the year under question.
The main fish and other marine species that are caught in the fishing waters of the country are pilchard, hake, horse mackerel, monk, kingklip, tuna, crab, rock lobster and orange roughy.
A swept-area biomass survey conducted in January and February of 2007 showed the total relative estimates of hake to be 701 000 tonnes, but 83% of this total was made up of fish less than 36 centimetres in length, which are classified as non-fishable stock.
The report said that a bio-mass survey in November 2007 showed that monk fish stock was estimated at about 15 000 tonnes, but 68% were immature fish, while there were 10% more juvenile fish in 2007 than in 2006.
In the large pelagic fishing sector, the three most important tuna and tuna-like species caught in Namibian waters are albacore tuna, big-eye tuna and swordfish, while yellowfin tuna is caught to a lesser extent.
The report said last year, 1 195 tonnes of albacore tuna, 1511 tonnes of big-eye tuna and 1 037 tonnes of swordfish were landed. The report said the pilchard stock was in a precarious state during the period under review, with three surveys conducted indicating biomass estimates of between 0 and 61 000, which is far less than the envisaged minimum of 500 000.

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