South Africa GDP

The Gross Domestic Product (GDP) in South Africa was worth 408.24 billion US dollars in 2011. The GDP value of South Africa represents 0.66 percent of the world economy. GDP in South Africa is reported by the The World Bank Group. Historically, from 1960 until 2011, South Africa GDP averaged 106.9 USD Billion reaching an all time high of 408.2 USD Billion in December of 2011 and a record low of 7.3 USD Billion in December of 1960. The gross domestic product (GDP) measures of national income and output for a given country's economy. The gross domestic product (GDP) is equal to the total expenditures for all final goods and services produced within the country in a stipulated period of time. This page includes a chart with historical data for South Africa GDP.

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South Africa GDP

GDP | STATISTICSLastPreviousHighestLowestForecastUnitTrend
GDP Growth Rate 0.90 Mar/2013 2.10 7.60 -6.30 2.68 Jun/2013 Percent Trend
GDP Annual Growth Rate 1.90 Mar/2013 2.50 7.10 -2.70 1.46 Jun/2013 Percent Trend
Gross National Product 2017837.00 Nov/2012 2018615.00 2018615.00 355030.00 2025156.00 Mar/2013 ZAR Million Trend
GDP 408.24 Dec/2011 363.70 408.24 7.34 411.66 Dec/2012 USD Billion Trend
GDP per capita 3825.09 Dec/2011 3753.44 3825.09 2207.37 3830.68 Dec/2012 USD Trend
GDP per capita PPP 10959.74 Dec/2011 10520.03 10959.74 4183.73 10995.25 Dec/2012 USD Trend

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GDP | Notes

The gross domestic product (GDP) or gross domestic income (GDI) is one of the measures of national income and output. GDP can be defined in three ways, which should give identical results. First, it is equal to the total expenditures for all final goods and services produced within the country in a specified period of time (usually a 365-day year). Second, it is equal to the sum of the value added at every stage of production by all the industries, plus taxes and minus subsidies on products. Third, it is equal to the sum of the income generated by production like compensation of employees, taxes on production and imports less subsidies, and gross operating surplus.




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