Markets Actual Q4 Q1 Q2 Q3 2022
Currency 15.96 16.44 16.64 16.84 17.04 17.44
Government Bond 10Y (%) 9.67 10 10.11 10.21 10.32 10.54
Stock Market (points) 71020.76 66874 65137 63441 61793 58623

Overview Actual Q4 Q1 Q2 Q3 2022
GDP Growth Rate (%) 1.20 2 1.3 0.7 1.2 1
GDP Annual Growth Rate (%) 19.30 4.2 3.3 0.8 1.6 1.7
Unemployment Rate (%) 34.90 36 35.8 36 35.7 36
Inflation Rate (%) 5.00 4.5 4.7 4.3 4.2 4.3
Inflation Rate Mom (%) 0.20 0.2 0.4 0.3 0.2 0.1
Interest Rate (%) 3.75 3.75 4 4.25 4.5 4.75
Balance of Trade (ZAR Million) 19782.04 -1542 17500 13000 15300 12000
Current Account (ZAR Million) 342780.00 190000 80000 -100000 -220000 -200000
Current Account to GDP (% of GDP) 2.20 3.8 -0.6 -0.6 -0.6 -0.6
Government Debt to GDP (% of GDP) 80.30 82 85 85 85 85
Government Budget (% of GDP) -10.00 -7.8 -7.4 -7.4 -7.4 -7.4
Business Confidence (points) 43.00 43 38 35 40 42
Manufacturing PMI (points) 57.20 53.5 54 54.4 56 53.8
Consumer Confidence (points) -10.00 -10 -7 5 8 8
Retail Sales MoM (%) 5.10 0.3 -2.1 3 1.3 2
Corporate Tax Rate (%) 28.00 28 27 27 27 27
Personal Income Tax Rate (%) 45.00 45 45 45 45 45

GDP Actual Q4 Q1 Q2 Q3 2022
GDP Growth Rate (%) 1.20 2 1.3 0.7 1.2 1
GDP Annual Growth Rate (%) 19.30 4.2 3.3 0.8 1.6 1.7
GDP (USD Billion) 301.92 320 320 320 320 345
GDP Constant Prices (ZAR Million) 4504725.90 3315902 4598120 4540764 4576802 4679185
Gross National Product (ZAR Million) 4706263.00 3257293 4827271 4743913 4781563 4801302
Gross Fixed Capital Formation (ZAR Million) 631125.70 636077 646005 636175 641224 683596
GDP per capita (USD) 5121.04 7080 7080 7080 7080 7200
GDP per capita PPP (USD) 11466.19 11800 11800 11800 11800 12500
GDP From Agriculture (ZAR Million) 129761.84 77585 126277 130800 131838 130868
GDP From Construction (ZAR Million) 111106.36 112966 116348 111995 112884 118814
GDP From Manufacturing (ZAR Million) 532177.64 414385 554378 536435 540692 565824
GDP From Mining (ZAR Million) 223192.20 239078 226190 224978 226763 222384
GDP From Public Administration (ZAR Million) 367943.96 504191 383419 370888 373831 392072
GDP From Services (ZAR Million) 1051139.44 679425 1090517 1059549 1067958 1104543
GDP From Transport (ZAR Million) 342494.83 293072 331027 345235 347975 343352
GDP From Utilities (ZAR Million) 104042.76 69472 106756 104875 105707 109857

Labour Actual Q4 Q1 Q2 Q3 2022
Unemployment Rate (%) 34.90 36 35.8 36 35.7 36
Employed Persons 14282.01 15100 14990 14885 14950 15200
Unemployed Persons (Thousand ) 7600.00 7900 8030 8300 8400 8200
Labor Force Participation Rate (%) 55.20 58.4 58.8 59 59.3 59.3
Wages (ZAR/Month) 23526.00 21600 21600 21600 21600 21600
Wages in Manufacturing (ZAR/Month) 20136.00 19000 19000 19000 19000 19000
Population (Million) 59.30 60.88 60.88 60.88 60.88 61.93
Retirement Age Women 60.00 60 60 60 60 60
Retirement Age Men 60.00 60 60 60 60 60
Minimum Wages (ZAR/Hour) 21.69 21.69 22.5 22.5 22.5 22.5
Youth Unemployment Rate (%) 66.50 65 64.8 64.4 64 64
Employment Rate (%) 35.90 38 37.8 37.5 38.3 38.6

Prices Actual Q4 Q1 Q2 Q3 2022
Inflation Rate (%) 5.00 4.5 4.7 4.3 4.2 4.3
Inflation Rate Mom (%) 0.20 0.2 0.4 0.3 0.2 0.1
Consumer Price Index CPI (points) 122.90 126 125 126 128 128
Core Consumer Prices (points) 120.10 120 122 123 124 125
Core Inflation Rate (%) 3.20 3 3.6 3.7 3.6 3.7
Producer Prices (points) 107.90 129 109 111 113 113
Producer Prices Change (%) 8.10 7.6 6.4 5.7 5.2 5
Export Prices (points) 170.00 200 230 250 225 215
Import Prices (points) 129.00 140 165 170 156 145
Food Inflation (%) 6.10 6.3 5.8 5.3 5 4.8
Producer Price Inflation MoM (%) 0.70 0.4 0.7 0.3 0.2 0.3
Inflation Expectations (%) 4.42 4.3 4.8 4.5 4.3 4.3
CPI Housing Utilities (points) 122.60 127 124 124 128 129
CPI Transportation (points) 127.70 128 128 129 129 129

Money Actual Q4 Q1 Q2 Q3 2022
Interest Rate (%) 3.75 3.75 4 4.25 4.5 4.75
Interbank Rate (%) 3.87 3.87 4.12 4.37 4.62 4.87
Money Supply M0 (ZAR Million) 294990.00 292000 289000 287000 285000 285000
Money Supply M1 (ZAR Million) 2290660.00 2140000 1950000 2050000 2000000 1900000
Money Supply M2 (ZAR Million) 3560444.00 3600000 3450000 3200000 3250000 290000
Money Supply M3 (ZAR Million) 4268636.00 4050000 3980000 3900000 3850000 3800000
Foreign Exchange Reserves (USD Million) 57520.00 57700 57300 57500 57100 57300
Banks Balance Sheet (ZAR Million) 6610487.00 6700000 6570000 6300000 6150000 6050000
Deposit Interest Rate (%) 3.78 3.78 4.03 4.28 4.53 4.78
Central Bank Balance Sheet (ZAR Million) 978997.00 985000 970000 955000 935000 915000

Trade Actual Q4 Q1 Q2 Q3 2022
Balance of Trade (ZAR Million) 19782.04 -1542 17500 13000 15300 12000
Current Account (ZAR Million) 342780.00 190000 80000 -100000 -220000 -200000
Current Account to GDP (% of GDP) 2.20 3.8 -0.6 -0.6 -0.6 -0.6
Imports (ZAR Million) 128137.26 145000 139500 142000 138200 140000
Exports (ZAR Million) 147919.30 160000 157000 155000 153500 152000
External Debt (USD Million) 170603.00 180000 175000 172000 177000 176000
Tourist Arrivals 291042.00 235000 220000 250000 265000 260000
Weapons Sales (SIPRI TIV Million) 37.00 125 125 125 125 95
Terms Of Trade (points) 131.90 140 145 138 136 134
Foreign Direct Investment (ZAR Billion) 17422.00 15800 7500 20000 -3000 -2500

Government Actual Q4 Q1 Q2 Q3 2022
Government Debt to GDP (% of GDP) 80.30 82 85 85 85 85
Government Budget (% of GDP) -10.00 -7.8 -7.4 -7.4 -7.4 -7.4
Government Budget Value (ZAR Million) 1715.00 1391262 17000 9000 2000 -10000
Government Spending (ZAR Million) 895811.00 676813 926511 902977 910144 954547
Government Revenues (ZAR Million) 134628.00 160000 165000 145000 142000 140000
Government Debt (USD Million) 84435.00 75000 72500 68900 71000 73200
Fiscal Expenditure (ZAR Million) 132912.00 140000 148000 136000 140000 150000
Military Expenditure (USD Million) 3475.00 3400 3270 3270 3270 3270

Taxes Actual Q4 Q1 Q2 Q3 2022
Corporate Tax Rate (%) 28.00 28 27 27 27 27
Personal Income Tax Rate (%) 45.00 45 45 45 45 45
Sales Tax Rate (%) 15.00 15 15 15 15 15
Social Security Rate (%) 2.00 2 2 2 2 2
Social Security Rate For Companies (%) 1.00 2 2 2 2 2
Social Security Rate For Employees (%) 1.00 1 1 1 1 1

Business Actual Q4 Q1 Q2 Q3 2022
Business Confidence (points) 43.00 43 38 35 40 42
Manufacturing PMI (points) 57.20 53.5 54 54.4 56 53.8
Industrial Production (%) 1.30 -2 1.4 -1.6 2.3 1.3
Industrial Production Mom (%) 3.80 2 -1 1.6 2.3 1.6
Capacity Utilization (%) 79.00 80 80.7 81 81.6 82
Bankruptcies (Companies) 172.00 200 170 210 185 185
Total Vehicle Sales (Units) 41588.00 41000 41000 42300 43000 39800
Car Registrations 27496.00 28000 27600 25500 26000 26100
Leading Economic Index (%) -2.30 1.6 2 4 2.1 1.8
Mining Production (%) -3.40 5 2.5 -1.6 2.1 2
Steel Production (Thousand Tonnes) 292.30 420 420 420 420 530
Coincident Index (points) 91.00 94 94.5 96 95.3 95
Composite PMI (points) 48.60 51 50.6 51.2 52.6 53
Electricity Production (Gigawatt-hour) 20137.00 21300 20800 19700 20050 21000
Gold Production (%) -6.90 5 6 3.6 -2 4.3

Consumer Actual Q4 Q1 Q2 Q3 2022
Consumer Confidence (points) -10.00 -10 -7 5 8 8
Retail Sales MoM (%) 5.10 0.3 -2.1 3 1.3 2
Retail Sales YoY (%) 2.10 -1.4 2.3 3 1.8 2.1
Consumer Spending (ZAR Million) 2959898.00 2051502 3041947 2983577 3007256 3089592
Disposable Personal Income (ZAR Million) 3763155.00 3132474 3287408 3793260 3823365 3333580
Personal Savings (%) 0.30 0.6 0.6 0.6 0.6 0.6
Private Sector Credit (%) 1.29 2 1.8 2.1 1.6 1.6
Bank Lending Rate (%) 7.25 10 7.5 7.75 8 8.25
Households Debt To GDP (% of GDP) 38.20 35.8 36 36 36 36
Households Debt To Income (%) 77.10 73 75 75 75 75
Gasoline Prices (USD/Liter) 1.21 0.86 1.09 1.04 0.99 0.94

Housing Actual Q4 Q1 Q2 Q3 2022
Building Permits (ZAR Thousand) 9058122.00 9650000 10150000 10500000 9850000 9700000


Trading Economics provides data for 20 million economic indicators from 196 countries including actual values, consensus figures, forecasts, historical time series and news. South Africa Forecast - was last updated on Friday, December 3, 2021.