Markets Actual Q2 Q3 Q4 Q1 2020
Currency 14.52 14.53 14.73 14.93 15.14 15.56
Government Bond 10Y (%) 8.63 8.69 8.77 8.84 8.92 9.09
Stock Market (points) 58730.89 55689 54927 54176 53431 51977
Overview Actual Q2 Q3 Q4 Q1 2020
GDP Growth Rate (%) 1.40 1.3 1.5 1.7 2 2
GDP Annual Growth Rate (%) 1.10 1.3 1.5 1.3 0.9 1.7
Unemployment Rate (%) 27.10 27.8 28 27.6 28.3 28
Inflation Rate (%) 4.50 4.8 4.5 4.8 5.1 5.3
Inflation Rate Mom (%) 0.80 0.6 0.4 0.5 0.3 0.4
Interest Rate (%) 6.75 6.75 6.75 6.75 6.75 7
Balance of Trade (ZAR Million) 3990.00 8500 -8000 13500 6500 -1258
Current Account to GDP (%) -2.50 -3.4 -3.4 -3.4 -3.8 -3.8
Government Debt to GDP (%) 53.10 55.6 55.6 55.6 56.2 56.2
Government Budget (% of GDP) -4.60 -4.5 -4.5 -4.5 -4.3 -4.3
Business Confidence (Index Points) 28.00 25 30 32 30 40
Manufacturing PMI 45.00 49 51 52 53 54
Consumer Confidence (Index Points) 2.00 -5 -10 -7 5 7
Retail Sales MoM (%) 0.50 -0.4 -0.3 -4.8 0.4 0.6
Corporate Tax Rate (%) 28.00 28 28 28 28 28
Personal Income Tax Rate (%) 45.00 45 45 45 45 45
GDP Actual Q2 Q3 Q4 Q1 2020
GDP Growth Rate (%) 1.40 1.3 1.5 1.7 2 2
GDP Annual Growth Rate (%) 1.10 1.3 1.5 1.3 0.9 1.7
GDP (USD Billion) 349.42 405 405 405 420 420
GDP Constant Prices (ZAR Million) 3161721.00 3155561 3174618 3202823 3190176 3257271
Gross National Product (ZAR Million) 3096702.00 3094857 3123241 3136959 3146249 3193424
Gross Fixed Capital Formation (ZAR Million) 604716.90 613609 613104 612578 614392 623605
GDP per capita (USD) 7524.51 7640 7640 7640 7700 7700
GDP per capita PPP (USD) 12294.88 12350 12350 12350 12395 12395
GDP From Agriculture (ZAR Million) 73759.84 70540 72921 74719 74940 76064
GDP From Construction (ZAR Million) 107396.44 108744 108382 108793 109115 110751
GDP From Manufacturing (ZAR Million) 393954.72 385140 392552 399076 400258 406260
GDP From Mining (ZAR Million) 227291.33 236424 231212 230246 230928 234391
GDP From Public Administration (ZAR Million) 479333.04 480903 483701 485564 487002 494305
GDP From Services (ZAR Million) 645928.42 648051 652381 654325 656263 666103
GDP From Transport (ZAR Million) 278622.84 270777 275536 282245 283081 287325
GDP From Utilities (ZAR Million) 66047.02 66317 66509 66906 67104 68110
Labour Actual Q2 Q3 Q4 Q1 2020
Unemployment Rate (%) 27.10 27.8 28 27.6 28.3 28
Unemployed Persons (Thousand ) 6100.00 6200 6290 6150 6220 6300
Wages (ZAR/Month) 21190.00 21336 21703 21000 21000 21600
Wages in Manufacturing (ZAR/Month) 18510.00 18540 18799 18500 18500 19000
Population (Million) 57.73 59 59 58.62 59.51 59.51
Retirement Age Women 60.00 60 60 60 60 60
Retirement Age Men 60.00 60 60 60 60 60
Wages High Skilled (ZAR/Month) 22600.00 20734 20815 22100 22100 23200
Wages Low Skilled (ZAR/Month) 4380.00 3929 3838 3746 3746 4157
Living Wage Family (ZAR/Month) 11300.00 10500 10500 10500 10500 10630
Living Wage Individual (ZAR/Month) 6570.00 6630 6630 6630 6630 6700
Employment Rate (%) 43.34 43.1 43.2 43.5 43.6 45.12
Prices Actual Q2 Q3 Q4 Q1 2020
Inflation Rate (%) 4.50 4.8 4.5 4.8 5.1 5.3
Inflation Rate Mom (%) 0.80 0.6 0.4 0.5 0.3 0.4
Consumer Price Index CPI (Index Points) 111.00 113 114 115 116 121
Core Consumer Prices (Index Points) 111.00 112 113 114 117 120
Core Inflation Rate (%) 4.40 4.6 4.3 4.8 5 4.9
Producer Prices (Index Points) 111.50 115 117 117 117 123
Producer Prices Change (%) 6.20 6.7 6.3 6 5.6 5
Food Inflation (%) 3.10 4 3.6 3.3 3.5 5.2
CPI Housing Utilities (Index Points) 110.30 111 114 115 116 121
CPI Transportation (Index Points) 111.70 115 117 118 115 124
Money Actual Q2 Q3 Q4 Q1 2020
Interest Rate (%) 6.75 6.75 6.75 6.75 6.75 7
Interbank Rate (%) 7.16 7.16 7.16 7.16 7.16 7.16
Deposit Interest Rate (%) 7.25 7.25 7.25 7.25 7.25 7.25
Trade Actual Q2 Q3 Q4 Q1 2020
Balance of Trade (ZAR Million) 3990.00 8500 -8000 13500 6500 -1258
Current Account to GDP (%) -2.50 -3.4 -3.4 -3.4 -3.8 -3.8
Crude Oil Production (BBL/D/1K) 1.00 1 1 2 2 3
Government Actual Q2 Q3 Q4 Q1 2020
Government Debt to GDP (%) 53.10 55.6 55.6 55.6 56.2 56.2
Government Budget (% of GDP) -4.60 -4.5 -4.5 -4.5 -4.3 -4.3
Government Budget Value (ZAR Million) 20781.00 2522 -19695 31309 31309 1391262
Government Spending (ZAR Million) 643445.00 645927 647248 651810 653740 663542
Taxes Actual Q2 Q3 Q4 Q1 2020
Corporate Tax Rate (%) 28.00 28 28 28 28 28
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 1 1 1 2 2
Social Security Rate For Employees (%) 1.00 1 1 1 1 1
Business Actual Q2 Q3 Q4 Q1 2020
Business Confidence (Index Points) 28.00 25 30 32 30 40
Manufacturing PMI 45.00 49 51 52 53 54
Industrial Production (%) 0.60 1.5 1.3 0.4 -1.2 1
Industrial Production Mom (%) -1.80 0.15 -0.9 0.7 0.6 0.5
Total Vehicle Sales 47718.00 46000 48000 39500 43000 46000
Leading Economic Index (%) -1.80 0.6 -0.4 0.2 -0.7 0.9
Mining Production (%) -7.50 -1.82 -1.84 0.1 -1.4 1.2
Coincident Index (Index Points) 91.80 93 94 94 94.5 95
Composite Pmi 48.80 50.8 51.1 51.3 51.4 52
Consumer Actual Q2 Q3 Q4 Q1 2020
Consumer Confidence (Index Points) 2.00 -5 -10 -7 5 7
Retail Sales MoM (%) 0.50 -0.4 -0.3 -4.8 0.4 0.6
Retail Sales YoY (%) 1.10 1.7 1.8 2.1 2.4 2.2
Consumer Spending (ZAR Million) 1950359.00 1944954 1949580 1975714 1981565 2011277
Private Sector Credit (%) 6.03 6.2 5.7 6.4 6 5.3
Bank Lending Rate (%) 10.25 10.25 10.25 10.25 10.25 10.25
Gasoline Prices (USD/Liter) 1.01 0.98 0.95 0.93 0.91 0.91


This page has economic forecasts for South Africa including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the South Africa economy.