The South African GDP advanced 0.1 percent year-on-year in the third quarter of 2019, after expanding 0.9 percent in the previous period and missing market expectations of a 0.4 percent growth. Further nationwide power blackouts hit primarily utilities, manufacturing, mining, agriculture and construction. GDP Annual Growth Rate in South Africa averaged 2.68 percent from 1994 until 2019, 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. source: Statistics South Africa

GDP Annual Growth Rate in South Africa is expected to be 0.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in South Africa to stand at 1.20 in 12 months time. In the long-term, the South Africa GDP Annual Growth Rate is projected to trend around 1.90 percent in 2020, according to our econometric models.

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South Africa GDP Annual Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
0.10 0.90 7.10 -2.60 1994 - 2019 percent Quarterly



Calendar GMT Actual Previous Consensus TEForecast
2019-03-05 09:30 AM Q4 1.1% 1.3% 0.6% 0.7%
2019-06-04 09:30 AM Q1 0% 1.1% 0.7% 0.5%
2019-09-03 09:30 AM Q2 0.9% 0% 0.8% 0.6%
2019-12-03 09:30 AM Q3 0.1% 0.9% 0.4% 0.5%
2020-03-03 09:30 AM Q4 0.1% 0.3%


News Stream
2019-09-03
South Africa GDP Grows 0.9% YoY in Q2
The South African economy expanded 0.9 percent year-on-year in the second quarter of 2019, after showing no growth in the previous period and beating market expectations of 0.8 percent. Service activities were the main drivers of GDP growth, while manufacturing expansion eased and output continued to contract for agriculture, mining, utilities and construction.

2019-06-04
South Africa GDP Annual Growth Stalls in Q1
The South African economy showed no growth in the first quarter of 2019, after expanding 1.1 percent in the prior period and missing market expectations of a 0.7 percent growth. Slower rises were seen in manufacturing, transport & storage, finance and government services. In addition, agriculture, mining, construction, utilities and trade posted contractions.

2019-03-05
South Africa GDP Annual Growth Slows Less than Expected
The South African economy expanded 1.1 percent year-on-year in the fourth quarter of 2018, after an upwardly revised 1.3 percent growth in the prior period while markets had expected it to advance 0.6 percent. Slower growth was seen in internal trade, utilities and public administration while the agricultural sector shrank. In 2018, the GDP advanced 0.8 percent, below an upwardly revised 1.4 percent in 2017.


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.

South Africa GDP Last Previous Highest Lowest Unit
GDP Growth Rate -0.60 3.20 7.60 -6.10 percent [+]
GDP Annual Growth Rate 0.10 0.90 7.10 -2.60 percent [+]
GDP 366.30 348.87 416.42 7.58 USD Billion [+]
GDP Constant Prices 3153591.90 3155611.90 3160551.30 565040.00 ZAR Million [+]
Gross National Product 3122800.00 3141802.00 3141802.00 504385.00 ZAR Million [+]
Gross Fixed Capital Formation 613639.90 606856.20 644549.00 73065.00 ZAR Million [+]
GDP per capita 7433.60 7476.40 7582.70 4624.10 USD [+]
GDP per capita PPP 12143.47 12233.37 12388.26 9014.28 USD [+]
GDP From Agriculture 69058.48 69690.51 89120.92 33530.55 ZAR Million [+]
GDP From Construction 105755.19 106483.38 110107.16 14702.00 ZAR Million [+]
GDP From Manufacturing 383117.25 386951.40 393954.72 228221.00 ZAR Million [+]
GDP From Mining 226361.45 229946.42 251119.50 214553.50 ZAR Million [+]
GDP From Public Administration 488805.96 485943.53 488805.96 90907.00 ZAR Million [+]
GDP From Services 656905.07 654270.43 656905.07 66256.00 ZAR Million [+]
GDP From Transport 271489.94 275280.76 278622.84 89068.60 ZAR Million [+]
GDP From Utilities 64509.25 65317.74 70556.22 46746.92 ZAR Million [+]