South Africa | Economic Forecasts | 2016-2020 Outlook

Overview Actual Q1/16 Q2/16 Q3/16 Q4/16 2020
GDP Growth Rate 0.70 0.3 0.5 1.3 2.75 2.1 percent [+]
Unemployment Rate 25.50 25.96 26 25.55 25.97 25.25 percent [+]
Inflation Rate 5.20 5.2 5.3 5.5 5.1 4.7 percent [+]
Interest Rate 6.75 6.75 6.75 7 7.25 7 percent [+]
Balance of Trade 8221.07 -1493 -3128 -3579 -3560 -3221 ZAR Million [+]
Government Debt to GDP 39.00 42 42 42 42 47 percent [+]
Markets Actual Q1/16 Q2/16 Q3/16 Q4/16 2020
Currency 16.03 15.96 16.27 16.43 16.59 12.64 [+]
Government Bond 10Y 10.16 10.36 10.67 11.18 11.68 15.24 percent [+]
Stock Market 49753.29 46800 45400 43900 43000 59700 points [+]
GDP Actual Q1/16 Q2/16 Q3/16 Q4/16 2020
GDP Growth Rate 0.70 0.3 0.5 1.3 2.75 2.1 percent [+]
GDP Annual Growth Rate 1.00 0.7 0.5 0.9 1 2.5 percent [+]
GDP 350.09 355 355 355 355 400 USD Billion [+]
GDP Constant Prices 3046807.00 3071572 3079061 3086206 3093278 3239780 ZAR Million [+]
Gross National Product 3027282.00 2980926 2998455 3016603 3035320 3387549 ZAR Million [+]
Gross Fixed Capital Formation 629599.00 634761 637282 641296 644819 704163 ZAR Million [+]
GDP per capita 6086.45 6094 6094 6094 6094 6325 USD [+]
GDP per capita PPP 12446.37 12503 12503 12503 12445 12738 USD [+]
GDP From Agriculture 64197.29 62325 62162 62106 62087 62077 ZAR Million [+]
GDP From Construction 105331.00 105627 105970 106073 106233 107419 ZAR Million [+]
GDP From Manufacturing 381381.13 388171 389406 390601 391304 413087 ZAR Million [+]
GDP From Mining 229795.88 229175 231077 231650 231247 230869 ZAR Million [+]
GDP From Public Administration 469487.00 471212 472090 472835 473618 480492 ZAR Million [+]
GDP From Services 610118.00 617100 620671 624243 627794 680656 ZAR Million [+]
GDP From Transport 256209.91 256187 256164 256178 256171 256178 ZAR Million [+]
GDP From Utilities 66603.05 66162 66032 66083 66129 66219 ZAR Million [+]
Labour Actual Q1/16 Q2/16 Q3/16 Q4/16 2020
Unemployment Rate 25.50 25.96 26 25.55 25.97 25.25 percent [+]
Employed Persons 8951000.00 8977751 8979193 8978725 8980627 8980683 [+]
Unemployed Persons 5418.00 5614 5553 5554 5417 5551 Thousand [+]
Labor Force Participation Rate 58.80 59.32 58.96 59.47 59.13 59.3 percent [+]
Labour Costs 143.80 150 152 154 156 188 Index Points [+]
Wages 17387.00 17649 17955 17989 18560 22577 ZAR/Month [+]
Wages in Manufacturing 15492.00 15051 15499 15558 17301 22410 ZAR/Month [+]
Population 54.00 54.02 54.31 54.59 54.88 59.05 Million [+]
Retirement Age Women 60.00 60 60 60 60 60 [+]
Retirement Age Men 60.00 60 60 60 60 60 [+]
Employment Rate 43.80 44.06 44.2 44.26 44.35 44.49 percent [+]
Wages Low Skilled 3000.00 2944 2909 2887 2873 2850 ZAR/Month [+]
Wages High Skilled 18700.00 18894 18995 19048 19076 19106 ZAR/Month [+]
Prices Actual Q1/16 Q2/16 Q3/16 Q4/16 2020
Inflation Rate 5.20 5.2 5.3 5.5 5.1 4.7 percent [+]
Inflation Rate Mom 0.30 0.42 0.53 0.5 0.3 0.25 percent [+]
Consumer Price Index CPI 116.80 118 119 121 122 141 Index Points [+]
Core Consumer Prices 117.10 118 120 121 122 141 Index Points [+]
Core Inflation Rate 5.20 5.13 5.1 5.08 5.07 5.05 percent [+]
Producer Prices 120.60 119 119 119 121 121 Index Points [+]
Producer Prices Change 4.80 4.96 5.55 5.49 5.02 5 percent [+]
Export Prices 128.80 130 131 132 133 148 Index Points [+]
Import Prices 137.00 139 140 140 140 139 Index Points [+]
Food Inflation 5.90 4.8 5.1 5 4.9 4.7 percent [+]
Money Actual Q1/16 Q2/16 Q3/16 Q4/16 2020
Interest Rate 6.75 6.75 6.75 7 7.25 7 percent [+]
Interbank Rate 6.98 6.6 6.6 6.8 6.8 7 percent [+]
Money Supply M0 225282.00 227928 233360 238912 244589 354998 ZAR Million [+]
Money Supply M1 1427839.00 1487812 1527171 1567445 1608678 2429684 ZAR Million [+]
Money Supply M2 2441041.00 2507375 2552440 2598239 2644834 3514554 ZAR Million [+]
Money Supply M3 2977693.00 3061183 3139132 3221004 3306962 5402433 ZAR Million [+]
Banks Balance Sheet 4833789.00 4874783 5022411 5176466 5337151 9013295 ZAR Million [+]
Foreign Exchange Reserves 45119.00 44934 44769 44745 44742 44741 USD Million [+]
Loans to Private Sector 3107569.00 3183322 3254417 3323882 3392133 4341169 ZAR Million [+]
Deposit Interest Rate 5.80 5.65 6.66 6.67 6.67 5.73 percent [+]
Lending Rate 10.25 9.75 9.75 9.75 8 9 percent [+]
Central Bank Balance Sheet 782761.00 802433 814262 818814 820499 821329 ZAR Million [+]
Trade Actual Q1/16 Q2/16 Q3/16 Q4/16 2020
Balance of Trade 8221.07 -1493 -3128 -3579 -3560 -3221 ZAR Million [+]
Exports 80549.46 89105 89217 89274 89289 89293 ZAR Million [+]
Imports 80549.46 86461 88543 88928 89015 89036 ZAR Million [+]
Current Account -165000.00 -136691 -129312 -129930 -127117 -115488 ZAR Million [+]
Current Account to GDP -5.40 -6.75 -6.49 -4.78 -5.95 -5.38 percent [+]
External Debt 134463.00 131034 128879 141808 127643 126464 USD Million [+]
Tourist Arrivals 1305140.00 1271646 1266962 1266157 1266253 1266328 [+]
Gold Reserves 125.19 127 127 128 129 131 Tonnes [+]
Crude Oil Production 3.00 3 3 3 3 3 BBL/D/1K [+]
Foreign Direct Investment 1607.00 1629 1637 1634 1640 1639 ZAR Billion [+]
Terrorism Index 4.23 3.48 3.22 2.96 2.96 1.67 [+]
Government Actual Q1/16 Q2/16 Q3/16 Q4/16 2020
Government Debt to GDP 39.00 42 42 42 42 47 percent [+]
Government Budget -3.80 -4 -4 -4 -5.3 -4.27 percent of GDP [+]
Government Budget Value 29945.00 -2215 20197 -9618 14055 3586 ZAR Million [+]
Government Spending 617695.00 636416 656572 657201 627890 654369 ZAR Million [+]
Government Revenues 141611.00 123197 136701 117878 131680 111237 ZAR Million [+]
Government Debt 45925.00 44188 42824 42434 41756 49845 USD Million [+]
Fiscal Expenditure 111665.00 77992 83116 97290 99897 99597 ZAR Million [+]
Credit Rating 46.09 [+]
Business Actual Q1/16 Q2/16 Q3/16 Q4/16 2020
Business Confidence 36.00 42 48 5249 32.35 45 [+]
Manufacturing PMI 43.50 50.47 50.67 51.58 44.4 51.66 [+]
Industrial Production -1.00 1.16 -0.47 0.2 1.4 1 percent [+]
Industrial Production Mom -1.20 0.45 0.17 0.11 0.11 0.12 percent [+]
Capacity Utilization 79.70 79.54 79.71 79.94 80.17 81.57 percent [+]
Changes in Inventories -31552.00 -14904 -12691 -9650 -7427 2616 ZAR Million [+]
Bankruptcies 119.00 176 158 182 160 160 Companies [+]
Total Vehicle Sales 48615.00 50803 50107 50229 50275 50248 [+]
Car Registrations 33025.00 34306 34190 34200 34199 34199 Cars [+]
Leading Economic Index 93.70 94.28 94.3 94.41 94.4 94.42 Index Points [+]
Corruption Index 44.00 42 42 42 42 35 Points [+]
Corruption Rank 61.00 75 75 75 75 70 [+]
Competitiveness Index 4.39 4.39 4.39 4.39 4.39 4.3 Points [+]
Competitiveness Rank 49.00 49 49 49 49 45 [+]
Ease of Doing Business 73.00 59 59 59 59 55 [+]
Mining Production -0.80 1.6 2.1 1.4 -0.03 0.5 percent [+]
Consumer Actual Q1/16 Q2/16 Q3/16 Q4/16 2020
Consumer Confidence -14.00 -2 -5 1.5 4 1.6 [+]
Retail Sales MoM 2.50 0.41 0.4 0.4 0.4 0.4 percent [+]
Retail Sales YoY 3.90 3.68 3.67 3.67 3.67 3.67 percent [+]
Consumer Spending 1864220.00 1885521 1895425 1905838 1916676 2124523 ZAR Million [+]
Disposable Personal Income 2388744.00 2514292 2565924 2618641 2672458 3701365 ZAR Million [+]
Personal Savings -2.30 -2.14 -2.13 -2.12 -2.12 -2.12 percent [+]
Private Sector Credit 10.28 10.28 10.67 10.5 10.65 10.59 percent [+]
Bank Lending Rate 10.25 9.5 10 10 10.75 10.77 percent [+]
Households Debt To Gdp 36.90 36.49 36.37 36.28 36.2 35.74 percent of GDP [+]
Households Debt To Income 78.30 79.11 78.49 77.88 77.27 77.32 percent [+]
Gasoline Prices 0.78 0.76 0.76 0.76 0.76 0.76 USD/Liter [+]
Housing Actual Q1/16 Q2/16 Q3/16 Q4/16 2020
Housing Index 509.80 573 633 689 742 1282 Index Points [+]
Taxes Actual Q1/16 Q2/16 Q3/16 Q4/16 2020
Corporate Tax Rate 28.00 28 28 28 28 28 percent [+]
Personal Income Tax Rate 41.00 41 41 41 41 41 percent [+]
Sales Tax Rate 14.00 14 14 14 14 14 percent [+]
Social Security Rate 3.00 3 3 3 3 3 percent [+]
Social Security Rate For Companies 2.00 2 2 2 2 2 percent [+]
Social Security Rate For Employees 1.00 1 1 1 1 1 percent [+]





Economic Forecasts for South Africa including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the South Africa economy. 2/6/2016