IMPROVING LIVES THROUGH DATA ECOSYSTEMS

The GDP figure for the (2nd quarter 2017  2,5% q/q  and 1,1% y/y)

Gross domestic product (measured by production)

South Africas gross domestic product (GDP) grew by 2,5% in the second quarter of 2017. 

The largest positive contributor to growth in GDP in the second quarter was the agriculture, forestry and fishing industry, which increased by 33,6% and contributed
0,7 of a percentage point to GDP growth.

Finance, real estate and business services increased by 2,5% and contributed 0,5 of a percentage point.

The mining and quarrying industry increased by 3,9%, and contributed 0,3 of a percentage point to GDP growth.

In contrast general government services decreased by 0,6%, contributing -0,1 of a percentage point to GDP growth.

Expenditure on GDP

Expenditure on real gross domestic product increased by 2,4% in the second quarter of 2017.

Household final consumption expenditure increased by 4,7% in the second quarter of 2017, contributing 2,8 percentage points to total growth.

Government final consumption expenditure increased by 0,8%, contributing 0,2 of a percentage point.

Gross fixed capital formation decreased by 2,6%, contributing -0,5 of a percentage point.

Changes in inventories in the second quarter contributed -0,2 of a percentage point to total growth.

Exports increased by 14,4% and imports increased by 13,3%. Net exports contributed 0,2 of a percentage point to total growth.

The GDP estimates are preliminary, and may routinely be revised on the basis of additional evidence that has become available by the time the subsequent quarters estimates are released.