The ups and downs of gross domestic product
Economic growth can be reported in a number of different ways. Annual growth, quarter-on-quarter and year-on-year are terms that are commonly used in the context of gross domestic product (GDP). What do these terms mean? In preparation for Stats SA’s next release of GDP data on 6 December, this article explores the different ways in read more »
Media Statement: Gauteng partners Stats-SA in using data to improve infrastructure delivery
To: All Media Att: News Editors For Immediate Release 19 October 2016 Gauteng partners Stats-SA in using data to improve infrastructure delivery The Gauteng Department of Infrastructure development (DID) is partnering with Stats-SA to tap into its rich experience on data management to move closer to becoming a modern and smart organisation when it read more »
Construction: what are the costs per square metre?
Stats SA distinguishes between various types of construction activities, including free-standing houses, townhouses, flats, offices and shopping space. The following infographic shows which of these are the most costly to build, according to Stats SA’s latest Selected building statistics of the private sector as reported by local government institutions. Nationally, it would cost you an read more »
The economy slides in the first quarter
A sharp contraction in mining tipped economic growth into negative territory in the first quarter of 2016. South Africa’s economy shrank by 1,2% quarter-on-quarter (seasonally adjusted and annualised), according to the latest gross domestic product (GDP) figures published by Stats SA. Year-on-year growth for the same quarter was -0,2%. The supply side of the economy: read more »
Stats Biz – February 2016
Current data point to an agriculture industry that is struggling. During November 2015, in the midst of South Africa’s worst drought in 23 years, Stats SA released gross domestic product (GDP) figures showing three consecutive quarters of steep decline in agricultural activity. A number of forecasts suggest that food prices might rise sharply as a read more »
Mining: winners and losers of 2015
How did South Africa’s major minerals do last year? With mining recently under the spotlight, Stats SA’s latest Mining: Production and sales release provides an overview of mining performance in 2015. The mining industry performed better in 2015 than it did in 2014. Annual mining production was up by 3,5% in 2015, following a drop read more »
The economy: winners and losers of 2015
South Africa’s economy grew by 1,3% in 2015, down from 1,5% in 2014 and 2,2% in 2013, according to preliminary estimates of real gross domestic product (GDP) published by Stats SA. Overall economic growth in 2015 was characterised by two of the main industry groups shrinking in size, while the other eight experienced some growth. read more »
Tourism: employment, economy and foreign income
Much has been said about the importance of tourism, particularly of its role in economic growth, employment and attracting foreign exchange. The latest Tourism Satellite Account for South Africa report provides indicators of tourism’s role in these three spheres. Time series for much of the data are now available (10 years). Tourism as a read more »
Rising food prices: where are the most vulnerable?
A growing number of forecasts reveal that food prices might rise sharply in coming months. Survey data show which parts of the country are most vulnerable. Current data point to an agriculture industry that is struggling. During November 2015, in the midst of South Africa’s worst drought in 23 years, Stats SA released gross domestic read more »
South Africa’s economy narrowly avoids recession
South Africa’s economy grew by 0,7% in the third quarter of 2015, according to preliminary estimates of real gross domestic product (GDP) released by Stats SA. Unless otherwise stated, growth rates are quarter-on-quarter, seasonally adjusted and annualised. After experiencing a 1,3% contraction in the second quarter, the marginal GDP growth in the third quarter staved read more »