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

The Gross Domestic Product (GDP) in South Africa expanded 1.20 percent in the second quarter of 2015 over the same quarter of the previous year. GDP Annual Growth Rate in South Africa averaged 3.03 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.

South Africa GDP Annual Growth Rate
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Actual Previous Highest Lowest Dates Unit Frequency
1.20 2.10 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 Sunday, August 30, 2015.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
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 10:30 AM Q2 1.2% 2.1% 2% 2%
2015-11-24 09:30 AM Q3 1.2% 1%


South Africa GDP Growth YoY at 6-Year Low


South African economy expanded 1.2 percent year-on-year in the second quarter of 2015, slowing from a 2.1 percent growth in the previous period, the worst performance since the recession in 2009.

The mining sector increased the most by 4.7 percent, but slowing from a 6.3 percent rise in the first quarter. Finance, real estate and business activities grew at a faster 3.1 percent (2.7 percent in the first quarter). In addition, construction and transport, storage and communication both increased 1.6 percent (1.9 percent and 2.4 percent respectively in the first quarter).

In contrast, agriculture, forestry and fishing fell 12.3 percent, manufacturing fell 0.1 percent and electricity, water and gas production fell 0.7 percent. 

Considering the first six months of 2015, the economy expanded 1.6 percent compared with the same period in 2014.

Statistics South Africa | Joana Taborda | joana.taborda@tradingeconomics.com
8/25/2015 12:24:35 PM


Recent Releases

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.
Published on 2015-05-26

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 Last Previous Highest Lowest Unit
GDP 349.82 366.06 416.60 7.36 USD Billion [+]
GDP Growth Rate -1.30 1.30 7.60 -6.10 percent [+]
GDP Annual Growth Rate 1.20 2.10 7.10 -2.60 percent [+]
GDP Constant Prices 3040592.00 3050345.00 3050345.00 565040.00 ZAR Million [+]
Gross National Product 2944705.00 2914842.00 2944705.00 504385.00 ZAR Million [+]
GDP per capita 6086.45 6090.27 6090.27 3543.52 USD [+]
Gross Fixed Capital Formation 627181.00 624408.00 640491.00 73065.00 ZAR Million [+]
GDP per capita PPP 12446.37 12454.19 12454.19 9546.25 USD [+]
GDP From Agriculture 67151.46 70444.42 73704.94 33530.55 ZAR Million [+]
GDP From Construction 104729.00 104674.00 104729.00 14702.00 ZAR Million [+]
GDP From Manufacturing 375680.72 381819.78 391090.40 228221.00 ZAR Million [+]
GDP From Mining 235539.65 239744.42 251119.50 214553.50 ZAR Million [+]
GDP From Public Administration 468073.00 467364.00 468270.00 90907.00 ZAR Million [+]
GDP From Services 606667.00 602667.00 606667.00 66256.00 ZAR Million [+]
GDP From Transport 256125.48 256027.00 256125.48 89068.60 ZAR Million [+]
GDP From Utilities 67318.06 67812.04 70556.22 46746.92 ZAR Million [+]


GDP Annual Growth Rate Reference Previous Highest Lowest Unit
Australia 2.30 Mar/15 2.50 9.00 -3.40 percent [+]
Brazil -2.60 Jun/15 -1.60 10.10 -3.15 percent [+]
Canada 2.06 Mar/15 2.63 8.80 -3.70 percent [+]
China 7.00 Jun/15 7.00 14.20 3.80 percent [+]
Euro Area 1.20 Jun/15 1.00 5.00 -5.60 percent [+]
France 1.00 Jun/15 0.82 12.50 -3.95 percent [+]
Germany 1.60 Jun/15 1.20 6.00 -7.90 percent [+]
India 7.50 Mar/15 6.60 11.40 -5.20 percent [+]
Indonesia 4.67 Jun/15 4.71 7.16 1.56 percent [+]
Italy 0.50 Jun/15 0.10 10.30 -6.90 percent [+]
Japan 0.70 Jun/15 -1.00 9.40 -9.40 percent [+]
Mexico 2.20 Jun/15 2.50 8.50 -8.10 percent [+]
Netherlands 1.60 Jun/15 2.50 5.80 -4.40 percent [+]
Russia -4.60 Jun/15 -2.20 12.10 -11.20 percent [+]
South Korea 2.20 Jun/15 2.50 18.20 -7.30 percent [+]
Spain 3.10 Jun/15 2.70 5.60 -4.30 percent [+]
Switzerland 1.20 Jun/15 1.20 5.40 -3.60 percent [+]
Turkey 2.30 Mar/15 2.60 12.60 -14.70 percent [+]
United Kingdom 2.60 Jun/15 2.90 9.80 -5.80 percent [+]
United States 2.70 Jun/15 2.90 13.40 -4.10 percent [+]