South Africa GDP Annual Growth Rate  1994-2018 | Data | Chart | Calendar

The South African economy advanced 0.8 percent year-on-year in the third quarter of 2017, below an upwardly revised 1.3 percent expansion in the previous period which was the highest growth rate in two years. Still, figures matched market expectations. Mining rose faster while agriculture slowed and manufacturing shrank for the fourth quarter. GDP Annual Growth Rate in South Africa averaged 2.83 percent from 1994 until 2017, 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.

South Africa GDP Annual Growth Rate
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South Africa GDP Annual Growth Rate Down to 0.8% in Q3


The South African economy advanced 0.8 percent year-on-year in the third quarter of 2017, below an upwardly revised 1.3 percent expansion in the previous period which was the highest growth rate in two years. Still, figures matched market expectations. Mining rose faster while agriculture eased and manufacturing shrank for the fourth quarter.

Slower growth rates were seen for agriculture (19.6percent compared to 31.8 percent in Q2); construction (0.4 percent compared to 0.7 percent); transport, storage and communication (0.9 percent compared to 1.2 percent) and finance, real estate and business services (1 percent compared to 1.1 percent). Also, contractions were seen for manufacturing (-0.7 percent compared to -2 percent); elecricity, gas and water (-0.8 percent compared to 0.5 percent); trade, catering and accommodation (-0.9 percent compared to -1.2 percent) and government services (-0.4 percent compared to 0 percent).

On the other hand, higher growth rates were recorded for mining (3.2 percent compared to 3.1 percent in Q2) and personal services (1.5 percent compared to 1.1 percent).

On a seasonally adjusted quarterly basis, the economy expanded an annualized 2 percent, below an upwardly revised 2.8 percent growth in the previous quarter but beating market expctations of 1.5 percent. The largest contributor to growth was the agriculture, forestry and fishing industry which increased by 44.2 percent, mainly due to higher production of field crops and horticultural products.

Considering the first nine months of the year, the economy advanced 1 percent. 


Statistics South Africa | Joana Taborda | joana.taborda@tradingeconomics.com
12/5/2017 10:06:22 AM



Calendar GMT Actual Previous Consensus TEForecast
2017-06-06 09:30 AM GDP Growth Rate YoY 1% 0.7% 1% 0.9%
2017-09-05 09:30 AM GDP Growth Rate YoY 1.1% 1% 0.4% 0.8%
2017-12-05 09:30 AM GDP Growth Rate YoY 0.8% 1.3% 0.8% 1%
2018-03-06 09:30 AM GDP Growth Rate YoY 0.8% 1.30%
2018-06-05 09:30 AM GDP Growth Rate YoY 1.60%
2018-09-04 09:30 AM GDP Growth Rate YoY 1.90%


South Africa GDP Last Previous Highest Lowest Unit
GDP Growth Rate 2.00 2.80 7.60 -6.10 percent [+]
GDP Annual Growth Rate 0.80 1.30 7.10 -2.60 percent [+]
GDP 294.84 317.41 416.42 7.58 USD Billion [+]
GDP Constant Prices 3117014.00 3100624.60 3117014.00 565040.00 ZAR Million [+]
Gross National Product 3085606.00 3078829.00 3085606.00 504385.00 ZAR Million [+]
Gross Fixed Capital Formation 617647.10 610160.00 644763.00 73065.00 ZAR Million [+]
GDP per capita 7504.30 7605.40 7627.90 4543.60 USD [+]
GDP per capita PPP 12260.20 12425.30 12462.00 9014.30 USD [+]
GDP From Agriculture 82009.97 74842.20 82009.97 33530.55 ZAR Million [+]
GDP From Construction 108735.26 109025.26 109316.14 14702.00 ZAR Million [+]
GDP From Manufacturing 383325.60 379276.56 391090.40 228221.00 ZAR Million [+]
GDP From Mining 238564.29 234777.19 251119.50 214553.50 ZAR Million [+]
GDP From Public Administration 472908.40 473797.47 475929.38 90907.00 ZAR Million [+]
GDP From Services 624844.78 622919.00 624844.78 66256.00 ZAR Million [+]
GDP From Transport 264878.82 264492.41 264878.82 89068.60 ZAR Million [+]
GDP From Utilities 63774.81 64675.99 70556.22 46746.92 ZAR Million [+]


South Africa GDP Annual Growth Rate

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. South Africa GDP Annual Growth Rate - actual data, historical chart and calendar of releases - was last updated on February of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
0.80 1.30 7.10 -2.60 1994 - 2017 percent Quarterly




GDP annual growth rate by Country
Country Last
Turkey 11.10 Sep/17
China 6.80 Dec/17
India 6.30 Sep/17
Indonesia 5.19 Dec/17
Spain 3.10 Dec/17
Canada 3.00 Sep/17
South Korea 3.00 Dec/17
Germany 2.90 Dec/17
Netherlands 2.90 Dec/17
Australia 2.80 Sep/17
Euro Area 2.70 Dec/17
United States 2.50 Dec/17
France 2.40 Dec/17
Mexico 1.80 Dec/17
Russia 1.80 Sep/17
Italy 1.60 Dec/17
Japan 1.50 Dec/17
United Kingdom 1.50 Dec/17
Brazil 1.40 Sep/17
Switzerland 1.20 Sep/17


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