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

The South African economy shrank a seasonally adjusted annualized 0.7 percent on quarter in the three months to June of 2018, following a 2.6 percent contraction in the prior period and missing market consensus of a 0.6 percent growth. It was the second consecutive period of contraction, as output fell for agriculture, transport and trade. GDP Growth Rate in South Africa averaged 2.78 percent from 1993 until 2018, reaching an all time high of 7.60 percent in the fourth quarter of 1994 and a record low of -6.10 percent in the first quarter of 2009.

South Africa GDP Growth Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-03-06 09:30 AM GDP Growth Rate QoQ 3.1% 2.3% 1.8% 1.5%
2018-06-05 09:30 AM GDP Growth Rate QoQ -2.2% 3.1% -0.5% 1.0%
2018-09-04 09:30 AM GDP Growth Rate QoQ -0.7% -2.6% 0.6% -0.8%
2018-12-04 09:30 AM GDP Growth Rate QoQ -0.7% 0.5%


South Africa GDP Last Previous Highest Lowest Unit
GDP Growth Rate -0.70 -2.60 7.60 -6.10 percent [+]
GDP Annual Growth Rate 0.40 0.80 7.10 -2.60 percent [+]
GDP 349.42 295.76 416.88 7.58 USD Billion [+]
GDP Constant Prices 3132981.50 3140421.10 3161082.00 565040.00 ZAR Million [+]
Gross National Product 3074870.00 3076397.00 3129523.00 504385.00 ZAR Million [+]
Gross Fixed Capital Formation 615992.50 616799.90 652624.20 73065.00 ZAR Million [+]
GDP per capita 7524.51 7519.50 7582.60 4527.30 USD [+]
GDP per capita PPP 12294.88 12286.70 12389.70 8862.00 USD [+]
GDP From Agriculture 70244.51 76566.90 84820.92 33530.55 ZAR Million [+]
GDP From Construction 108776.67 108171.67 109909.36 14702.00 ZAR Million [+]
GDP From Manufacturing 382563.62 382805.86 391090.40 228221.00 ZAR Million [+]
GDP From Mining 231638.37 228868.92 251119.50 214553.50 ZAR Million [+]
GDP From Public Administration 480320.97 480954.47 480954.47 90907.00 ZAR Million [+]
GDP From Services 643923.33 640882.86 643923.33 66256.00 ZAR Million [+]
GDP From Transport 267778.61 271183.77 271183.77 89068.60 ZAR Million [+]
GDP From Utilities 65588.74 65252.14 70556.22 46746.92 ZAR Million [+]


South Africa GDP 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 Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. South Africa GDP Growth Rate - actual data, historical chart and calendar of releases - was last updated on October of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
-0.70 -2.60 7.60 -6.10 1993 - 2018 percent Quarterly




GDP growth rate by Country
Country Last
Singapore 4.70 Sep/18
Indonesia 4.21 Jun/18
United States 4.20 Jun/18
India 1.90 Jun/18
China 1.60 Sep/18
Australia 0.90 Jun/18
Russia 0.90 Jun/18
Turkey 0.90 Jun/18
Netherlands 0.80 Jun/18
Canada 0.70 Jun/18
Japan 0.70 Jun/18
Switzerland 0.70 Jun/18
South Korea 0.60 Jun/18
Spain 0.60 Jun/18
Germany 0.50 Jun/18
Euro Area 0.40 Jun/18
United Kingdom 0.40 Jun/18
Brazil 0.20 Jun/18
France 0.20 Jun/18
Italy 0.20 Jun/18
Saudi Arabia -0.05 Mar/18
Mexico -0.20 Jun/18
South Africa -0.70 Jun/18
Argentina -4.00 Jun/18


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