South Africa GDP Growth Beats Estimates


In the fourth quarter of 2012, South Africa real GDP at market prices increased by 2.5 per cent year-on-year. The main contributors were the manufacturing and construction industries and finance, real estate and business services.

Compared with the same month of 2011, the manufacturing industry increased 3.6 percent, finance, real estate, and business services grew by 3.4 percent, construction industry expanded 3.1 percent, the wholesale, retail and motor trade; catering and accommodation industry 2.9 percent. The mining and quarrying industry decreased by 3.5 percent, mainly to the strikes that have beset the sector since last August.

In 2012, real gross domestic product at market prices increased 2.5 percent, following an increase of 3.5 per cent in 2011. The largest industries, in 2012, were finance, real estate and business services, accounting for 21.5 percent of total output, general government services (16.6 percent), wholesale, retail and motor trade; catering and accommodation industry (16.0 percent), and the manufacturing industry (12.4 percent).


Statistics South Africa | Joana Taborda | joana.taborda@tradingeconomics.com
2/26/2013 11:46:11 AM