South Africa GDP Annual Growth Rate 1994-2015 | Data | Chart | Calendar

The Gross Domestic Product (GDP) in South Africa expanded 2.10 percent in the first quarter of 2015 over the same quarter of the previous year. GDP Annual Growth Rate in South Africa averaged 3.05 percent from 1994 until 2015, 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.

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South Africa GDP Annual Growth Rate
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Actual Previous Highest Lowest Dates Unit Frequency
2.10 1.30 7.10 -2.60 1994 - 2015 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. Content for - South Africa GDP Annual Growth Rate - was last refreshed on Friday, July 3, 2015.

Calendar GMT Reference Actual Previous Consensus Forecast (i)
2014-11-25 09:30 AM Q3 1.4% 1.3% (R) 1.4% 1.3%
2015-02-24 09:30 AM Q4 1.3% 1.6% (R) 1% 1.03%
2015-05-26 10:30 AM Q1 2.1% 1.3% 2.1% 1.93%
2015-08-25 09:30 AM Q2 2.1% 1.6%
2015-11-24 09:30 AM Q3 1.66%


South Africa GDP Growth at 1-Year High


The South African economy expanded 2.1 percent year-on-year in the first three months of 2015, up from 1.3 percent in the previous period and the highest growth rate since the last quarter of 2013. The mining sector rose for the first time in more than a year while manufacturing remains subdued and power shortages keep weighting down on growth.

The mining sector recorded the highest increase (up 6.3 percent), rebounding from four consecutive quarters of decline. Agriculture rose 6.2 percent, up from 4.2 percent in the last three months of 2014; finances, real estate and business went up 2.7 percent (2 percent in the previous period); transport and communication rose 2.4 percent (from 2.6 percent) and wholesale and retail trade expanded 1 percent, the same rate as in the previous quarter.

The manufacturing sector grew a meager 0.4 percent (from 0.3 percent) while electricity, water and gas production shrank 0.3 percent.

On a quarter-on-quarter seasonally adjusted annualized basis, the economy expanded 1.3 percent in the first quarter of 2015, slowing from a 4.1 percent increase in the last three months of 2014.

Statistics South Africa | Joana Taborda | joana.taborda@tradingeconomics.com
5/26/2015 10:56:54 AM


Recent Releases

South African Economy Slows in Q4
South Africa’s GDP expanded 1.3 percent year-on-year in the last quarter of 2014, following a revised 1.6 percent increase in the previous period. For 2014 as a whole, the economy grew 1.5 percent, the slowest pace since a 2009 recession.
Published on 2015-02-24

South African Economy Expands 1.4% in Q3
South African GDP advanced 1.4 percent year-on-year in the third quarter of 2014 compared with a revised 1.3 percent expansion in the previous period. Growth was mainly driven by the services sector while mining and manufacturing shrank.
Published on 2014-11-25

South African Economy Slows in Q2
South African GDP expanded a modest 1 percent over a year earlier in the second quarter of 2014, slowing for the second quarter in a row. It is the lowest growth rate since the recession in 2009, as a 5-month strike in the platinum sector dragged mining down for the second consecutive period.
Published on 2014-08-26

South Africa GDP Advances 1.6% YoY in Q1
In the first quarter of 2014, South African economy advanced at a slower 1.6 percent over a year earlier, hurt by a fall in mining output. The platinum strike is now in its fifth month and is the longest in the history of South Africa's mines.
Published on 2014-05-27


South Africa GDP Last Previous Highest Lowest Unit
GDP 350.63 382.34 403.89 7.36 USD Billion [+]
GDP Growth Rate 1.30 4.10 7.60 -6.10 percent [+]
GDP Annual Growth Rate 2.10 1.30 7.10 -2.60 percent [+]
GDP Constant Prices 3050345.00 3040251.00 3050345.00 565040.00 ZAR Million [+]
Gross National Product 2944705.00 2914842.00 2944705.00 504385.00 ZAR Million [+]
GDP per capita 5916.46 5885.22 5916.46 3394.93 USD [+]
Gross Fixed Capital Formation 627181.00 624408.00 640491.00 73065.00 ZAR Million [+]
GDP per capita PPP 12105.55 12041.63 12105.55 9151.06 USD [+]
Gdp From Agriculture 70444.42 73704.94 73704.94 33530.55 ZAR Million [+]
Gdp From Construction 104674.00 104454.00 104674.00 14702.00 ZAR Million [+]
Gdp From Manufacturing 381819.78 384125.73 391090.40 228221.00 ZAR Million [+]
Gdp From Mining 239744.42 233985.34 251119.50 214553.50 ZAR Million [+]
Gdp From Public Administration 467364.00 468270.00 468270.00 90907.00 ZAR Million [+]
Gdp From Services 602667.00 597066.00 602667.00 66256.00 ZAR Million [+]
Gdp From Transport 256027.00 255283.28 256027.00 89068.59 ZAR Million [+]
Gdp From Utilities 67812.04 67691.97 70556.22 46746.91 ZAR Million [+]


GDP Annual Growth Rate Reference Previous Highest Lowest Unit
Australia 2.30 Mar/15 2.50 9.00 -3.40 percent [+]
Brazil -1.60 Mar/15 -0.20 10.10 -3.15 percent [+]
Canada 2.06 Mar/15 2.63 8.80 -3.70 percent [+]
China 7.00 Mar/15 7.30 14.20 3.80 percent [+]
Euro Area 1.00 Mar/15 0.90 5.00 -5.60 percent [+]
France 0.82 Mar/15 0.03 12.50 -3.95 percent [+]
Germany 1.10 Mar/15 1.60 5.20 -6.80 percent [+]
India 7.50 Mar/15 6.60 11.40 -5.20 percent [+]
Indonesia 4.71 Mar/15 5.01 7.16 1.56 percent [+]
Italy 0.10 Mar/15 -0.50 10.30 -6.90 percent [+]
Japan -0.90 Mar/15 -1.00 9.40 -9.40 percent [+]
Mexico 2.50 Mar/15 2.60 8.50 -8.10 percent [+]
Netherlands 2.50 Mar/15 1.60 5.80 -4.40 percent [+]
Russia -2.20 Mar/15 0.40 12.10 -11.20 percent [+]
South Korea 2.50 Mar/15 2.70 18.20 -7.30 percent [+]
Spain 3.10 Jun/15 2.70 5.80 -4.40 percent [+]
Switzerland 1.10 Mar/15 1.90 7.30 -3.70 percent [+]
Turkey 2.30 Mar/15 2.60 12.60 -14.70 percent [+]
United Kingdom 2.90 Mar/15 3.40 9.80 -5.80 percent [+]
United States 2.90 Mar/15 2.40 13.40 -4.10 percent [+]