The City of Windhoek approved a total of 2,282 building plans in 2020, 250 more than in 2019, however, in value terms approvals fell by 7% in 2020, declining from N$1.99 billion in 2019 to N$1.85 billion in 2020. The Economist reports that additions to properties once again made up the majority of building plans approved in 2020, with 886 additions to properties having been completed to a value of N$454.1 million, a drop of 30.5% in number and 34.1% in value terms. Leading Namibian stockbroker, IJG Securities, noted that building plans approved are a leading indicator of economic activity in the country and the above data implies that the Namibian economy is still showing signs of hardship.