South Africa GDP

The Gross Domestic Product (GDP) in South Africa was worth 384.31 billion US dollars in 2012. The GDP value of South Africa represents 0.62 percent of the world economy. GDP in South Africa is reported by the The World Bank Group. From 1960 until 2012, South Africa GDP averaged 112.0 USD Billion reaching an all time high of 401.8 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 provides - South Africa GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-16

Actual Previous Highest Lowest Forecast Dates Unit Frequency
384.31 401.80 401.80 7.34 393.96 | 2013/12 1960 - 2012 USD Billion Yearly

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South Africa GDP
LIST BY COUNTRY

GDP Last Previous Highest Lowest Forecast Unit
GDP Growth Rate 3.80 2013-12-31 0.70 7.60 -6.30 1.73 2014-03-31 Percent [+]
GDP Annual Growth Rate 2.00 2013-12-31 1.70 7.10 -2.70 1.90 2014-03-31 Percent [+]
GDP Constant Prices 2013305.00 2013-11-15 1994455.00 2013305.00 376298.00 2017874.54 2014-03-31 ZAR Million [+]
Gross Fixed Capital Formation 414071.00 2013-11-15 410953.00 414071.00 46980.00 415941.94 2014-03-31 ZAR Million [+]
Gross National Product 2047644.00 2013-11-15 2049576.00 2056326.00 355030.00 2058189.05 2014-03-31 ZAR Million [+]
GDP 384.31 2012-12-31 401.80 401.80 7.34 393.96 2013-12-31 USD Billion [+]
GDP per capita 6003.46 2012-12-31 5923.99 6003.46 3394.93 6095.43 2013-12-31 USD [+]
GDP per capita PPP 10959.74 2011-12-31 10520.03 10959.74 4183.73 10995.25 2012-12-31 USD [+]
[+]


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.


RELATED NEWS

South Africa Posts Trade Surplus in February  
South African trade balance turned into a ZAR 1.72 billion surplus in February of 2014, after a large ZAR 17 billion gap in January, as exports surged 7.9 percent over the previous month and imports fell sharply by 13.2 percent.
South Africa Leaves Rate on Hold  
At its March 27th, 2014 meeting, South African Reserve Bank left the benchmark interest rate unchanged at 5.5 percent, as growth outlook remains subdued while inflation risks are on the upside. The central bank hinted possible rate hikes in the medium-run.
South Africa Inflation Rate Edges Up in February  
South African annual consumer prices accelerated for the third straight month to 5.9 percent in February of 2014, up from 5.8 percent in the previous month, on higher health, fuel and petrol cost.
South Africa Reports Trade Deficit in January  
South Africa trade gap reached ZAR17.06 billion in January of 2014 as imports surged and exports remained virtually unchanged.
South African GDP Growth Accelerates in Q4  
South African economic growth quickened to a better-than-expected annualized rate of 3.8 percent over the previous quarter, as both mining and manufacturing sectors grew at double-digit rates. In 2013, the economy grew a meager 1.9 percent.
South Africa GDP Growth Beats Expectations in Q4  
In the last quarter of 2013, South African GDP growth accelerated to 2 percent over a year earlier, beating market expectations and up from a revised 1.7 percent expansion in the previous quarter mainly due to a surge in the mining sector.
South Africa Inflation Rate Rises in January  
South African annual inflation rate accelerated to 5.8 percent in January of 2014 from 5.4 percent in December as rand’s depreciation against the dollar pushed food and fuel costs up.
South Africa Unemployment Rate Falls in Q4 2013  
In the last quarter of 2013, South African jobless rate slowed for the second straight quarter to 24.1 percent, from a revised 24.5 percent in the previous period. The expanded definition of unemployment, including people who stopped looking for work, was recorded at 34 percent.
South Africa Reports Trade Surplus in December  
In December of 2013, South African trade balance turned into a surplus for the second straight month and reached ZAR 2.78 billion, breaking a two-year cycle of persistent trade deficit. Since September of 2013, trade figures include trade with regional neighbors Botswana, Lesotho, Namibia and Swaziland.
Reserve Bank of South Africa Raises Rate by 50bps  
At its January 29th meeting, Reserve Bank of South Africa decided to raise the repurchase rate by 50 bps to 5.5 percent. It is the first rate hike in nearly six years, aiming to protect the rand and curb expected inflationary pressures.
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US Industrial Production Slows in March  
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China’s Economy Expands 1.4% QoQ in Q1  
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Malaysian Inflation Rate Unchanged in March  
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Italian Trade Surplus Widens in February  
The trade surplus increased to EUR 2.6 billion in February of 2014, from a revised EUR 0.36 billion in the previous month, as exports increased at a faster pace than imports. Compared with a year earlier, the trade surplus more than doubled from EUR 1.05 billion.
Euro Area Inflation Rate Confirmed at 0.5% in March  
Euro area annual inflation was 0.5 percent in March of 2014, matching initial estimates and slowing from 0.7 percent in February. On a monthly basis, prices increased 0.9 percent, up from 0.3 percent in the previous month.
UK Unemployment Rate Down to 5-Year Low  
In the three months to February of 2014, UK jobless rate fell to 6.9 percent, down from 7.2 percent in the previous period. Pay growth rose 1.7 percent and caught up with inflation for the first time in nearly four years.
Chinese GDP Growth Slows in Q1  
China’s economy advanced 7.4 percent in the first quarter of 2014, slowing from a 7.7 percent expansion in the previous period, but beating market forecasts. It is the lowest growth since the third quarter of 2012, as exports and imports contracted and growth in fixed asset investment eased.
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