![SA economy expands in Q2: 2023](https://www.statssa.gov.za/wp-content/uploads/2023/09/gdp3-64x64.jpg)
SA economy expands in Q2: 2023
South African real gross domestic product (GDP) expanded by 0,6% in the second quarter (April–June) of 2023.1 This follows a 0,4% rise in the first quarter. Overview Six industries on the supply side of the economy grew in the second quarter, with manufacturing and finance driving much of the upward momentum. On the demand side, read more »
![Economic wrap-up for August 2023](https://www.statssa.gov.za/wp-content/uploads/2023/09/EconPic2-2-64x64.jpg)
Economic wrap-up for August 2023
Stats SA published 28 statistical releases in the month of August. Here is a monthly rundown of important economic indicators. Consumer and producer inflation continue to cool Inflation figures continue to provide some good news. Remaining on a downward path, consumer headline inflation slowed to its lowest reading in two years. The annual change in read more »
![Economic wrap-up for June 2023](https://www.statssa.gov.za/wp-content/uploads/2023/07/EconFig1-64x64.jpg)
Economic wrap-up for June 2023
Stats SA published 26 statistical releases in June, shedding light on the current state of the economy. SA narrowly averts recession The month began with the release of the latest gross domestic product (GDP) figures. After faltering in the fourth quarter of 2022, the South African economy expanded by 0,4% in the first quarter of read more »
![Inflation slows to 13-month low](https://www.statssa.gov.za/wp-content/uploads/2023/06/maycp2-64x64.jpg)
Inflation slows to 13-month low
Headline consumer inflation cooled for a second consecutive month in May to 6,3% from 6,8% in April. May’s reading is the lowest since April 2022 when the rate was 5,9%. The month-on-month change in the consumer price index (CPI) was 0,2% in May. The annual rate for food and non-alcoholic beverages (NAB) was 11,8%, lower than read more »
Stats Biz – May 2023
The South African economy expanded by 0,4% in the first quarter of 2023, with manufacturing and finance being the major drivers of growth on the supply side of the economy. The demand side was lifted by exports, with smaller positive contributions for household, government, and investment spending. Explore the latest gross domestic product (GDP) figures, read more »
![South African economy expands by 0,4%](https://www.statssa.gov.za/wp-content/uploads/2023/06/gdp3-64x64.jpg)
South African economy expands by 0,4%
After contracting by a revised 1,1% in the fourth quarter of 2022, real gross domestic product (GDP) edged higher in the first quarter of 2023 (January‒March), expanding by an estimated 0,4%.1 The manufacturing and finance industries were the major drivers of growth on the supply side of the economy. The demand side was lifted by read more »
![Economic wrap-up for May 2023](https://www.statssa.gov.za/wp-content/uploads/2023/06/may1-64x64.jpg)
Economic wrap-up for May 2023
Stats SA published 21 statistical releases in the month of May, providing valuable insight into the current state of our economy. Here is a brief rundown of important indicators. Inflation edged lower in April Despite the ongoing stresses of rising prices and escalating costs of debt, there were some hopeful signs from the latest inflation read more »
![SA Tourism shows slight recovery after COVID-19 pandemic.](https://www.statssa.gov.za/wp-content/uploads/2023/05/Top-eight-countries-final-64x64.jpg)
SA Tourism shows slight recovery after COVID-19 pandemic.
After a drastic drop in tourist arrivals in 2020 and 2021, the volume of tourist arrivals in South Africa is showing improvement. The Tourism 2022 report released by Statistics South Africa shows that the volume of tourists dropped by 72,6% from 10Â 228Â 593 in 2019 to 2Â 802Â 320 in 2020 and declined by 19,5% between 2020 and read more »
![The South African tourism sector struggled in 2020](https://www.statssa.gov.za/wp-content/uploads/2023/03/tfa3-64x64.jpg)
The South African tourism sector struggled in 2020
Even though 2020 seems like a lifetime ago, the true extent of the COVID-19 pandemic’s impact is still being pieced together. The recent Tourism Satellite Account (TSA) for South Africa report1 sheds light on how the pandemic affected the tourism sector over the period January 2020 to December 2020, most notably in terms of production, read more »
![Business turnover and expenditure decline for the first time in a decade](https://www.statssa.gov.za/wp-content/uploads/2022/12/afs4-64x64.jpg)
Business turnover and expenditure decline for the first time in a decade
Marked by COVID-19, the 2020–2021 period was incredibly challenging for the South African economy. Data from Stats SA’s latest Annual financial statistics (AFS) survey, which includes the first three months of the hard lockdown, shows a decline in formal business turnover and expenditure. The AFS reference period typically entails a lag effect: the survey reference read more »