Economy stumbles in the first quarter
The South African economy slumped sharply in the first three months of 2019, contracting by 3,2%.1 Seven of the ten industries took a knock, with manufacturing, mining and trade the biggest contributors to the fall. Construction, mining and trade are in recession. The 3,2% decline is the biggest quarterly fall in economic activity since the read more »
Economy edges up by 0,8% in 2018
The South African economy grew by 1,4%1 in the fourth quarter of 2018, contributing to an overall growth rate of 0,8% for the entire year. The latest set of gross domestic product (GDP) figures released by Stats SA provides an overview of economic performance in 2018. South Africa found itself in economic recession in 2018, read more »
GDP in the second quarter of 2018 contracted by 0,7%
Press statement              Embargo: Tuesday 4 September 2018, 11:30 GDP in the second quarter of 2018 contracted by 0,7% Gross domestic product (measured by production) South Africa’s gross domestic product (GDP) fell by 0,7% in the second quarter of 2018.1 The agriculture, read more »
GDP in the first quarter of 2018 contracted by 2,2%
Press statement                        Embargo: Tuesday 5 June 2018, 11:30 GDP in the first quarter of 2018 contracted by 2,2% Gross domestic product (measured by production) South Africa’s gross domestic product (GDP) fell by 2,2% in the first quarter of 2018.1 The manufacturing industry and the mining and quarrying industry were the largest negative contributors to read more »
Economic growth better than what many expected
In a time when good news seems hard to come by, the latest gross domestic product (GDP) results provide some cautious cheer. The South African economy grew by 1,3% in 2017, exceeding National Treasury’s expectation of 1,0% growth announced during the National Budget Speech in February. After a wobbly start to 2017, which saw economic read more »
GDP in the third quarter of 2017 grew by 2,0%
Press statement            Embargo: Tuesday 5 December 2017, 11:30 GDP in the third quarter of 2017 grew by 2,0% Gross domestic product (measured by production) South Africa’s real gross domestic product (GDP) growth rate was 2,0% in the third quarter of 2017. Second quarter GDP growth was revised from 2,5% read more »
Bumper harvest helps keep economy afloat
The South African economy grew by 2,0% in the third quarter of 2017 (seasonally adjusted and annualised), down from a revised 2,8% in the second quarter. Agriculture, mining and manufacturing were the main drivers of the expansion, while there was a contraction in general government services resulting from low employment numbers in the public sector. read more »
GDP in the first quarter of 2017 contracted by 0,7%
Press statement                        Embargo: Tuesday 6 June 2017, 11:30 GDP in the first quarter of 2017 contracted by 0,7% Gross domestic product (measured by production) South Africa’s gross domestic product (GDP) growth rate was -0,7% in the first quarter of 2017.1 The largest negative contributor to growth in GDP in the first read more »
Three facts about the ICT sector
It might be surprising to learn that the ICT sector is larger than the agriculture industry. This is one of the findings from Stats SA’s latest Information and communication technology satellite account for South Africa report. The document covers ICT’s contribution to the gross domestic product (GDP), its role in imports and exports, and its read more »
GDP in the fourth quarter of 2016 contracted by 0,3%
Press statement                                          Embargo: Tuesday 7 March 2017, 11:30 GDP in the fourth quarter of 2016 read more »