South Africa GDP Growth Rate  1993-2018 | Data | Chart | Calendar

Recent Releases

South Africa GDP Growth Strongest Since 2016
The South African economy advanced an annualized 3.1 percent on quarter in the last three months of 2017, following an upwardly revised 2.3 percent rise in the previous period and beating market expectations of 1.8 percent. It is the strongest growth rate in six quarters, mainly due to a robust gain in agriculture, a rebound in internal trade and a faster increase in manufacturing.
Published on 2018-03-06

South Africa GDP Growth Slows to 2.0% in Q3
The South African economy expanded an annualized 2.0 percent on quarter in the three months to September of 2017, easing from a 2.8 percent expansion in the previous quarter and beating market expectations of a 1.5 percent rise. The largest upward contribution in the GDP was the agriculture, forestry and fishing industry, mainly due to higher production of field crops and horticultural products.
Published on 2017-12-05

South Africa GDP Growth Beats Expectations in Q2
The South African economy expanded an annualized 2.5 percent on quarter in the three months to June of 2017, ending two quarters of contraction and beating market expectations of a 2.1 percent rise. It is the highest growth rate in a year with agriculture, forestry and fishing making the largest upward contribution, namely field crops and horticultural products.
Published on 2017-09-05

South African Economy Enters Recession In Q1
The South African economy unexpectedly contracted an annualized 0.7 percent on quarter in the first three months of 2017, following a 0.3 percent drop in the previous period and compared to market expectations of a 0.9 percent expansion. It is the first recession since 2009 as both trade and manufacturing recorded negative growth rates.
Published on 2017-06-06

South African GDP Unexpectedly Shrinks 0.3% in Q4
The South African economy contracted an annualized 0.3 percent on quarter in the three months to December of 2016, compared to an upwardly revised 0.4 percent growth in the previous quarter and missing market consensus of a 0.5 percent expansion. It was the first contraction since the March quarter of 2016 driven by mining and quarrying and manufacturing industries.
Published on 2017-03-07

South Africa GDP Growth Slows to 0.2% QoQ in Q3
The South African economy expanded an annualized 0.2 percent on quarter in the three months to September of 2016, compared to an upwardly revised 3.5 percent growth in the June quarter and below market estimates of a 0.5 percent expansion. It was the second straight quarter of growth, mainly supported by mining, general government services and real estate activities while manufacturing shrank.
Published on 2016-12-06

South Africa GDP Growth at 1-1/2-Year High in Q2
The South African economy advanced an annualized 3.3 percent on quarter in the three months to June of 2016, recovering from a 1.2 percent contraction in the previous period and beating market expectations of a 2.3 percent increase. It is the highest growth rate since the last three months of 2014, mainly boosted by manufacturing, mining and real estate activities.
Published on 2016-09-06

South African GDP Contracts 1.2% in Q1
The South African economy shrank an annualized 1.2 percent on quarter in the three months to March of 2016, compared to a 0.4 percent growth in the previous quarter and worse than market expectations of 0.1 percent drop. It is the first contraction since the second quarter last year, dragged down by mining and quarrying and transport sectors.
Published on 2016-06-08

South Africa Q4 GDP Growth Slows to 0.6%
The South African economy advanced an annualized 0.6 percent on quarter in the three months to December of 2015, easing from a 0.7 percent growth in the previous period while missing market consensus of 0.8 percent. Trade, mining and construction were the main drivers of growth while manufacturing and agriculture dragged the expansion down.
Published on 2016-03-01

South Africa GDP Advances 0.7% in Q3
The South African economy expanded an annualized 0.7 percent on quarter in the three months to September of 2015, recovering from a 1.3 percent contraction in the previous period and boosted by a rebound in manufacturing and wholesale and retail trade. However, figures came below market expectations of a 1.1 percent growth and lower than a 2.1 percent expansion seen a year earlier as the drop in commodity prices keeps dragging the mining sector down.
Published on 2015-11-24

South African Economy Unexpectedly Contracts QoQ in Q2
South African GDP shrank an annualized 1.3 percent on quarter in the three months to June of 2015, following a 1.3 percent expansion in the previous period. It is the first contraction in five quarters due to drop in manufacturing, mining and agriculture.
Published on 2015-08-25

South Africa GDP Growth Slows in Q1
The South African economy expanded an annualized 1.3 percent on quarter in the first three months of 2015, down from 4.1 percent in the previous quarter and below market expectations, due to a slump in agriculture and manufacturing.
Published on 2015-05-26

South Africa GDP Growth Beats Forecasts
The South African economy expanded an annualized 4.1 percent on quarter in the last three months of 2014, up from a revised 2.1 percent increase in the previous quarter and beating market expectations. While the manufacturing sector grew for the first time in three quarters, mining posted the highest gain in a year.
Published on 2015-02-24

South Africa GDP Up 1.4%
The South African economy advanced a seasonally adjusted annualized 1.4 percent in the third quarter of 2014, following a revised 0.5 percent expansion in the previous period. It is the highest growth rate in three quarters boosted by trade and financial services and a rebound in the mining sector.
Published on 2014-11-25

South Africa GDP Grows Below Expectations
The South African economy expanded a seasonally adjusted annualized 0.6 percent in the second quarter of 2014, after contracting 0.6 percent in the first three months of the year. The agriculture, financial and transport sectors helped the country to avoid recession but a five-month strike in the platinum mines weighted on the growth.
Published on 2014-08-26

South Africa GDP Contracts in Q1
South African economy shrank a seasonally adjusted annualized 0.6 percent in the first quarter of 2014. It is the first contraction since the 2009 recession, as the strike in the platinum sector dragged mining and manufacturing output down.
Published on 2014-05-27

South African GDP Growth Accelerates in Q4
South African economic growth quickened to a better-than-expected annualized rate of 3.8 percent over the previous quarter, as both mining and manufacturing sectors grew at double-digit rates. In 2013, the economy grew a meager 1.9 percent.
Published on 2014-02-25

South African GDP Slows More Than Expected in Q3
In the third quarter of 2013, South African economy expanded an annualized seasonally adjusted 0.7 percent over the previous quarter, down from 3.2 percent in the previous three-month period and well below market expectations. It is the lowest growth rate recorded in the last four years, as the strikes in the automotive sector dragged manufacturing down.
Published on 2013-11-26

South Africa GDP Growth Accelerates to 3% QoQ in Q2
In the second quarter of 2013, South African seasonally adjusted GDP increased by an annualized rate of 3 percent quarter-on-quarter, the fastest pace in the last four quarters, boosted by manufacturing.
Published on 2013-08-27

South African GDP Growth Slows to 0.9% QoQ in Q1 2013
In South Africa, the seasonally adjusted GDP for the first quarter of 2013 increased by an annualized rate of 0.9 percent quarter-on-quarter, compared with an expansion of 2.1 percent in the fourth quarter of 2012. It is the weakest pace since the contraction in the second quarter of 2009, mainly due to a shrinkage in manufacturing output.
Published on 2013-05-28

South Africa GDP Growth Accelerates in Q4
In the fourth quarter of 2012, South Africa real GDP at market prices increased by 2.1 per cent quarter-on-quarter. The main contributors were the agriculture sector, manufacturing industry, and finance, real estate and business services.
Published on 2013-02-26