IMPROVING LIVES THROUGH DATA ECOSYSTEMS

The GDP figure for the (3rd quarter 2017 2,0% q/q and 0,8% y/y, and 9 months on 9 months 1,0% )

Gross domestic product (measured by production)

South Africa's gross domestic product (GDP) grew by 2,0% in the third quarter of 2017.

The largest positive contributor to growth in GDP in the third quarter was the agriculture, forestry and fishing industry, which increased by 44,2% and contributed 0,9 of a percentage point to GDP growth.

The mining and quarrying industry increased by 6,6%, and contributed 0,5 of a percentage point to GDP growth.

The manufacturing industry increased by 4,3% and contributed 0,5 of a percentage point to GDP growth.

In contrast general government services, electricity, construction and trade industries all decreased in the third quarter of 2017.

Expenditure on GDP

Expenditure on real gross domestic product increased by 2,1% in the third quarter of 2017.

Household final consumption expenditure increased by 2,6% in the third quarter of 2017, contributing 1,6 percentage points to total growth.

Government final consumption expenditure decreased by 0,5%, contributing -0,1 of a percentage point.

Gross fixed capital formation increased by 4,3%, contributing 0,8 of a percentage point.

Changes in inventories in the third quarter contributed -1,5 percentage point to total growth.

Exports decreased by 10,3% and imports decreased by 13,7%. Net exports contributed 1,3 percentage points 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 quarter's estimates are released.