South Africa GDP Annual Growth Rate  1994-2016 | Data | Chart | Calendar

The South African GDP shrank 0.20 percent year-on-year in the first quarter of 2016, following downwardly revised 0.5 percent growth in the previous period. It is the first contraction since the fourth quarter of 2009, due to a slump in mining and quarrying and manufacturing sectors. GDP Annual Growth Rate in South Africa averaged 2.95 percent from 1994 until 2016, reaching an all time high of 7.10 percent in the fourth quarter of 2006 and a record low of -2.60 percent in the second quarter of 2009. GDP Annual Growth Rate in South Africa is reported by the Statistics South Africa.

South Africa GDP Annual Growth Rate
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Actual Previous Highest Lowest Dates Unit Frequency
-0.20 0.60 7.10 -2.60 1994 - 2016 percent Quarterly
South Africa is the most developed country in Africa and was the largest until 2014, when it was overtaken by Nigeria. The largest sector of the economy is services which accounts for around 73 percent of GDP. Within services, the most important are finance, real estate and business services (21.6 percent); government services (17 percent); wholesale, retail and motor trade, catering and accommodation (15 percent); and transport, storage and communication (9.3 percent). Manufacturing accounts for 13.9 percent; mining and quarrying for around 8.3 percent and agriculture for only 2.6 percent. This page provides - South Africa GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. South Africa GDP Annual Growth Rate - actual data, historical chart and calendar of releases - was last updated on July of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2015-11-24 09:30 AM Q3 1.0% 1.3% 1.3% 1%
2016-03-01 09:30 AM Q4 0.6% 1% 0.4% 0.6%
2016-06-08 09:30 AM Q1 -0.2% 0.5% 0.1% 0.4%
2016-09-06 09:30 AM Q2 -0.2% -0.5%
2016-12-06 09:30 AM Q3 0.3%

South African Economy Contracts For the 1st Time Since 2009


The South African GDP shrank 0.20 percent year-on-year in the first quarter of 2016, following downwardly revised 0.5 percent growth in the previous period. It is the first contraction since the fourth quarter of 2009, due to a slump in mining and quarrying and manufacturing sectors.

Compared to the first quarter of 2015, mining and quarrying sector shrank 8.5 percent (-0.5 percent in Q4), manufacturing dropped 0.9 percent (-1.2 percent in Q4), agriculture output fell for the fourth straight quarter by 2.9 percent (-5 percent in Q4), transport decreased 0.6 percent (+0.5 percent in Q4) and electricity, gas and water declined 4.5 percent (-2.9 percent).

Meantime, finance, real estate and business services expanded 2.3 percent (+2.4 percent in Q4) and construction grew at a faster 2.6 percent (+1.6 percent in Q4). Also, activities in wholesale, retail, motor trade, catering and accommodation increased 1.2 percent, following a 1.7 percent growth in Q4.

On a quarterly basis, the economy contracted 1.2 percent, following a 0.4 percent growth in the fourth quarter.

Statisitics South Africa | Yekaterina Guchshina | yekaterina@tradingeconomics.com
6/8/2016 1:20:24 PM

South Africa GDP Last Previous Highest Lowest Unit
GDP Growth Rate -1.20 0.40 7.60 -6.10 percent [+]
GDP Annual Growth Rate -0.20 0.60 7.10 -2.60 percent [+]
GDP 312.80 349.90 416.60 7.36 USD Billion [+]
GDP Constant Prices 3067490.42 3073185.47 3083978.97 565040.00 ZAR Million [+]
Gross National Product 2970942.00 2919799.00 2970942.00 504385.00 ZAR Million [+]
Gross Fixed Capital Formation 628530.30 638282.40 642798.20 73065.00 ZAR Million [+]
GDP per capita 7575.24 7603.54 7609.54 4430.38 USD [+]
GDP per capita PPP 12389.96 12436.24 12446.06 9546.25 USD [+]
GDP From Agriculture 66821.00 67947.00 77828.85 33530.55 ZAR Million [+]
GDP From Construction 109411.71 109270.00 109411.71 14702.00 ZAR Million [+]
GDP From Manufacturing 378896.30 378357.04 391090.40 228221.00 ZAR Million [+]
GDP From Mining 219657.70 230877.11 251119.50 214553.50 ZAR Million [+]
GDP From Public Administration 467662.36 466396.82 467662.36 90907.00 ZAR Million [+]
GDP From Services 614343.95 611464.00 614343.95 66256.00 ZAR Million [+]
GDP From Transport 259164.29 260948.02 261136.64 89068.60 ZAR Million [+]
GDP From Utilities 65500.05 65963.47 70556.22 46746.92 ZAR Million [+]




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