Report 04-04-04 - Benchmarked and rebased estimates of Gross Domestic Product

Gross Domestic Product measures the size of the economy and its growth rate over time, and is the most familiar and widely recognised feature of the national accounts. Stats SA is publishing newly benchmarked real (or volume) Gross Domestic Product measured at constant 2015 prices, which replaces the previous Gross Domestic Product measured at constant 2010 prices. Stats SA is also publishing revised estimates of nominal Gross Domestic Product, measured at current prices, since these are inevitably affected by new methods, data sources and benchmarking. Rebasing and benchmarking, along with the introduction of new sources and methods, are essential activities for maintaining Gross Domestic Product as a reliable measure of economic performance. Stats SA has produced this sources and methods document (Report 04-04-04) specifically for South Africa. It covers the supply and use tables, the three different approaches to GDP (production, expenditure and income), and other related topics.

National Accounts (Gross Domestic Product)

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