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

The South African economy advanced 0.6 percent year-on-year in the three months to June of 2016, recovering from a downwardly revised 0.1 percent contraction in the previous period and beating market expectations of a 0.5 percent growth. It is the best performance in three quarters, mainly due to a rebound in manufacturing. GDP Annual Growth Rate in South Africa averaged 2.93 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
0.60 -0.10 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 September of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
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 0.6% -0.1% 0.5% -0.5%
2016-12-06 09:30 AM Q3 0.6% 0.3%

South Africa GDP Expands 0.6% YoY in Q2


The South African economy advanced 0.6 percent year-on-year in the three months to June of 2016, recovering from a downwardly revised 0.1 percent contraction in the previous period and beating market expectations of a 0.5 percent growth. It is the best performance in three quarters, mainly due to a rebound in manufacturing.

The manufacturing sector recorded the biggest increase (3.6 percent compared to -0.9 percent in Q1), followed by finance and real estate activities (2.2 percent compared to 2.3 percent in Q1); trade, catering and accommodation (1.8 percent compared to 1.2 percent); government services (1.7 percent compared to 1.8 percent); personal services (1 percent compared to 0.9 percent); construction (0.7percent compared to 2.5 percent) and transport, storage and communication (0.1 percent compared to -0.6 percent). 

In contrast, production fell for agriculture (-12 percent compared to -2.9 percent); mining (-4.5 percent compared to -8.5 percent) and electricity, gas and water (-3.6 percent compared to -2.6 percent).

On a seasonally adjusted annualized basis, the economy expanded 3.3 percent, recovering from a 1.2 percent contraction in the previous period and the highest growth rate in 1-1/2-years. 

Statistics South Africa | Joana Taborda | joana.taborda@tradingeconomics.com
9/6/2016 11:29:22 AM

South Africa GDP Last Previous Highest Lowest Unit
GDP Growth Rate 3.30 -1.20 7.60 -6.10 percent [+]
GDP Annual Growth Rate 0.60 -0.10 7.10 -2.60 percent [+]
GDP 312.80 349.90 416.60 7.36 USD Billion [+]
GDP Constant Prices 3089550.00 3063541.00 3089550.00 565040.00 ZAR Million [+]
Gross National Product 2988890.00 2970942.00 2990742.00 504385.00 ZAR Million [+]
Gross Fixed Capital Formation 614389.00 621745.00 642798.00 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 66682.05 66821.00 77828.85 33530.55 ZAR Million [+]
GDP From Construction 109380.34 109365.71 109380.34 14702.00 ZAR Million [+]
GDP From Manufacturing 386355.28 378896.30 391090.40 228221.00 ZAR Million [+]
GDP From Mining 225875.02 219657.70 251119.50 214553.50 ZAR Million [+]
GDP From Public Administration 469052.00 467692.00 469052.00 90907.00 ZAR Million [+]
GDP From Services 618824.75 614343.95 618824.75 66256.00 ZAR Million [+]
GDP From Transport 261028.96 259164.29 261136.64 89068.60 ZAR Million [+]
GDP From Utilities 65207.89 65500.05 70556.22 46746.92 ZAR Million [+]




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Malawi 2.90 Dec/15
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Barbados 0.90 Dec/15
Canada 0.90 Jun/16
Portugal 0.90 Jun/16
Estonia 0.80 Jun/16
Italy 0.80 Jun/16
Jamaica 0.80 Mar/16
Japan 0.80 Jun/16
Nepal 0.77 Dec/15
Taiwan 0.70 Jun/16
Iran 0.60 Mar/15
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Denmark 0.40 Jun/16
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