South Africa GDP Annual Growth Rate

The Gross Domestic Product (GDP) in South Africa expanded 2.50 percent in the fourth quarter of 2012 over the same quarter of the previous year. GDP Annual Growth Rate in South Africa is reported by the Statistics South Africa. Historically, from 1994 until 2012, South Africa GDP Annual Growth Rate averaged 3.23 Percent reaching an all time high of 7.10 Percent in December of 2006 and a record low of -2.70 Percent in June of 2009. 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 includes a chart with historical data for South Africa GDP Annual Growth Rate.