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

The South African economy advanced 0.7 percent year-on-year in the September quarter of 2016, the same from an upwardly revised figure in the second quarter. It was the second straight quarter of growth, as an increase in finance & real estates activities, construction and transport & communication offset a decline in the agriculture, mining and manufacturing industries. GDP Annual Growth Rate in South Africa averaged 2.91 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.

South Africa GDP Annual Growth Rate
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Calendar GMT Reference Actual Previous Consensus Forecast (i)
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 07:30 AM Q3 0.7% 0.7% 0.7% 0.7%
2017-03-01 09:30 AM Q4 0.7% 0.92%
2017-06-08 09:30 AM Q1 1.19%
2017-09-06 09:30 AM Q2 0.87%




South African GDP Growth Steady at 0.7% YoY in Q3


The South African economy advanced 0.7 percent year-on-year in the September quarter of 2016, the same from an upwardly revised figure in the second quarter. It was the second straight quarter of growth, as an increase in finance & real estates activities, construction and transport & communication offset a decline in the agriculture, mining and manufacturing.

The finance, real estate and business services recorded the fastest growth (+1.8 percent from +2.2 percent in the prior quarter), followed by general government services (+1.7 percent from +1.7 percent), personal services (+1.4 percent from +1.0 percent); transport, storage and communication (+0.1 percent from +0.1 percent); trade, catering and accommodation (+0.5 percent from +1.8 percent), construction (+1.4 percent from +0.3 percent).  

In contrast, production fell for manufacturing (-0.4 percent from +3.6 percent), agriculture (-3.6 percent from -12 percent) mining (-0.1 percent compared to -3.4 percent) and electricity, gas and water (-1.8 percent compared to -2.6 percent).

On a seasonally adjusted annualized basis, the economy expanded 0.2 percent, compared to an upwardly revised 3.5 percent growth in the June quarter and below market estimates of a 0.5 percent expansion. It was the second straight quarter of growth.

Statistics South Africa l Rida Husna | rida@tradingeconomics.com
12/6/2016 12:42:34 PM



South Africa GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.20 3.50 7.60 -6.10 percent [+]
GDP Annual Growth Rate 0.70 0.70 7.10 -2.60 percent [+]
GDP 312.80 349.90 416.60 7.36 USD Billion [+]
GDP Constant Prices 3095467.20 3089550.00 3095467.20 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 66636.05 66682.05 77828.85 33530.55 ZAR Million [+]
GDP From Construction 109394.00 109380.34 109394.00 14702.00 ZAR Million [+]
GDP From Manufacturing 383269.43 386355.28 391090.40 228221.00 ZAR Million [+]
GDP From Mining 231242.82 225875.02 251119.50 214553.50 ZAR Million [+]
GDP From Public Administration 470912.80 469052.00 470912.80 90907.00 ZAR Million [+]
GDP From Services 620671.23 618824.75 620671.23 66256.00 ZAR Million [+]
GDP From Transport 261237.15 261028.96 261237.15 89068.60 ZAR Million [+]
GDP From Utilities 64723.97 65207.89 70556.22 46746.92 ZAR Million [+]



South Africa GDP Annual Growth Rate Notes

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 December of 2016.

Actual Previous Highest Lowest Dates Unit Frequency
0.70 0.70 7.10 -2.60 1994 - 2016 percent Quarterly



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