South Africa GDP Annual Growth Rate
The Gross Domestic Product (GDP) in South Africa expanded 1.60 percent in the first quarter of 2014 over the same quarter of the previous year. GDP Annual Growth Rate in South Africa averaged 3.17 Percent from 1994 until 2014, reaching an all time high of 7.10 Percent in the fourth quarter of 2006 and a record low of -2.70 Percent in the second quarter of 2009. GDP Annual Growth Rate in South Africa is reported by the Statistics South Africa.
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South Africa is the biggest economy in Africa. 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 (21.2 percent of GDP); government services (13.6 percent of GDP); wholesale, retail and motor trade, catering and accommodation (12.5 percent of GDP); and transport, storage and communication (9 percent of GDP). Manufacturing accounts for 15.3 percent of GDP; mining and quarrying for around 5.1 percent of GDP and agriculture for only 2.2 percent of GDP. This page provides - South Africa GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.