south africa gdp growth rate 2019

Secondary sectors, such as Manufacturing and Electricity experienced short growth spurts too, which ultimately contributed to the positive outcomes of South Africa’s GDP standing. 1st Floor, Block B, North Park, Black River Park, 2 Fir Street, Observatory, Cape Town, 7925, South Africa This feature is limited to our corporate solutions. Overview and forecasts on trending topics, Key figures and rankings about brands and companies, Consumer insights and preferences in various industries, Detailed information about political and social topics, All key figures about regions and countries, Everything you need to know about Consumer Goods, Identify market potentials of the digital future, Technology Market Outlook Please do not hesitate to contact me. Chart. Quick Analysis with our professional Research Service: Content Marketing & Information Design for your projects: According to the source, due to the high level of uncertainty in current global economic conditions, the IMF projections for these indicators are provided only through 2021. terms. Address: Regus Business Centre Please create an employee account to be able to mark statistics as favorites. © World Economics Limited. - … Facebook: number of monthly active users worldwide 2008-2020, Smartphone market share worldwide by vendor 2009-2020, Number of apps available in leading app stores 2020, Big Mac index - global prices for a Big Mac 2020, Profit from additional features with an Employee Account. Agriculture’s dismal performance will surely be an area of concern for the government since the sector is one of the largest contributors to South Africa’s GDP. Accessed October 31, 2020., IMF. Profit from additional features by authenticating your Admin account. Copyright © Blue Sky Publications Ltd. All Rights Reserved. We could already be in a recession, with little evidence that the economy caught fire in the second quarter. Register in seconds and access exclusive features. This was the second consecutive quarter of contraction #GDP Listen here for more: After having made a positive contribution to economic growth in 2018, exports tumbled by 26.4% (q-o-q, saar) in the 1st quarter of 2019 - … South Africa's GDP was worth … GDP GROWTH AND COUNTRY DRIVERS The three biggest economies—Angola, South Africa, and Zambia —contribute about 81.9 percent of the region’s GDP, while Leso - tho, São Tomé and Príncipe, and eSwatini together account for 1.2percent (figure 1). Statista. * Estimate.Values have been rounded to provide a better understanding of the statistic. (billed annually). The financial sector, as well as real estate and business services, which is, in essence, the largest industry in South Africa, grew by 4.1% and that growth can be attributed to the positive performance of the banking and insurance sectors. Our offices are for administrative purposes only, no visitors will be accepted without an appointment. This positive news, however, does not suggest that the value of South Africa’s GDP has grown since the turn of the year. "South Africa: Real Gross Domestic Product (Gdp) Growth Rate from 2009 to 2021 (Compared to The Previous Year). Learn more about how Statista can support your business. GDP refers … For one, the mining industry was boosted by a record 14.4% growth spurt, something that has not been seen since the second quarter of 2016. Southern Africa’s subdued growth is due mainly to South Africa’s weak development, which affects neighboring countries. In, IMF. The Secondary sector collectively contributed 1.5% towards the growth of the GDP, with Manufacturing accounting for 2.1% of the rise. South Africa’s stability and economic growth has acted as a magnet for refugees and asylum seekers from nearby countries, despite the prevalence of discrimination and xenophobic violence. Growth in Southern Africa is expected to remain moderate in 2019 and 2020 after a modest recovery in 2017 and 2018. A number of factors contributed to the improved performance of our economy in the observed period. World Economics Limited. Then you will be able to mark statistics as favourites and use personal statistics alerts. is a division of Blue Sky Publications Ltd. Reproduction without permission prohibited. Address: Riverbank House, 1 Putney Bridge Approach, London, SW6 4TJ. South Africa– Blue Sky Publications (Pty) Ltd T/A TheSouthAfrican Number: 2005/028472/07. (April 15, 2020). However, the stats authority indicated that positive contributions from a number of sectors drove up the GDP to a nominal standing of R.126-trillion by the end of Q2:2019, totalling a 3.1% growth that basically puts us exactly where we were at the beginning of the year. Please log in to access our additional functions, *Duration: 12 months, billed annually, single license, The ideal entry-level account for individual users. Most American countries use a national income accounting standard that fails to record the informal economy. Update, Insights into the world's most important technology markets, Advertising & Media Outlook Gross domestic product (GDP) distribution across economic sectors South Africa 2019, Gross domestic product (GDP) in South Africa 2021. Stats SA has published the latest GDP data for South Africa, showing that the country’s economy shrank in the fourth quarter of 2019. On Tuesday, Statistics South Africa announced that, for the second quarter of 2019, the country's GDP expanded by 3.1%. Growth for 2019 is now projected at 0.8%, half a percentage point lower than April’s forecast and unchanged from 2018, according to the bank’s October Africa’s Pulse report. Help support journalists, the guardians of independent journalism, through our. It only means that, we have stabilised conditions from the drop that was experienced in the first quarter (Q1) of the year. Then you can access your favorite statistics via the star in the header. And out of 52 countries, 16 (including Algeria, Botswana, Burkina Faso, and Mali) have a debt-to-GDP ratio below 40% while six (Cabo Verde, Congo, Egypt, Eritrea, Mozambique, Sudan) have debt ratios above 100%. New, Everything you need to know about the industry development, Find studies from all around the internet. Previously, Stats SA had revealed that the GDP, in Q1:2019, had dropped by 3.1% and stood at R1.20-trillion, after a sluggish start to the year. #Agriculture fell by 4,2% on the back of lower production of field crops and horticultural products. {"2005":50644851.51, "2006":53482846.01, "2007":56449944.30, "2008":58492620.82, "2009":57593407.32, "2010":59257605.06, "2011":61108092.62, "2012":62464692.28, "2013":64016939.88, "2014":65025654.49, "2015":65802060.80, "2016":66064611.02, "2017":66999425.27, "2018":67526710.75, "2019":67630026.61}, [{"1950":81.82, "1951":85.66, "1952":88.69, "1953":92.86, "1954":98.34, "1955":103.25, "1956":108.98, "1957":113.15, "1958":115.53, "1959":120.68, "1960":124.18, "1961":128.72, "1962":136.91, "1963":146.92, "1964":158.74, "1965":168.30, "1966":176.03, "1967":188.31, "1968":196.50, "1969":205.59, "1970":216.51, "1971":225.78, "1972":229.51, "1973":240.01, "1974":254.67, "1975":258.99, "1976":264.82, "1977":264.57, "1978":272.54, "1979":282.87, "1980":301.60, "1981":317.77, "1982":316.55, "1983":310.71, "1984":326.55, "1985":322.59, "1986":322.65, "1987":329.43, "1988":343.27, "1989":351.49, "1990":350.37, "1991":346.80, "1992":339.39, "1993":343.58, "1994":354.69, "1995":365.74, "1996":381.49, "1997":391.59, "1998":393.61, "1999":402.90, "2000":419.64, "2001":431.11, "2002":446.93, "2003":460.11, "2004":481.06, "2005":506.45, "2006":534.83, "2007":564.50, "2008":584.93, "2009":575.93, "2010":592.58, "2011":611.08, "2012":624.65, "2013":640.17, "2014":650.26, "2015":658.02, "2016":660.65, "2017":669.99, "2018":675.27, "2019":676.30}], {"1971":4.3, "1972":1.7, "1973":4.6, "1974":6.1, "1975":1.7, "1976":2.2, "1977":-0.1, "1978":3.0, "1979":3.8, "1980":6.6, "1981":5.4, "1982":-0.4, "1983":-1.8, "1984":5.1, "1985":-1.2, "1986":0.0, "1987":2.1, "1988":4.2, "1989":2.4, "1990":-0.3, "1991":-1.0, "1992":-2.1, "1993":1.2, "1994":3.2, "1995":3.1, "1996":4.3, "1997":2.6, "1998":0.5, "1999":2.4, "2000":4.2, "2001":2.7, "2002":3.7, "2003":2.9, "2004":4.6, "2005":5.3, "2006":5.6, "2007":5.5, "2008":3.6, "2009":-1.5, "2010":2.9, "2011":3.1, "2012":2.2, "2013":2.5, "2014":1.6, "2015":1.2, "2016":0.4, "2017":1.4, "2018":0.8, "2019":0.2}. and over 1 Mio. Missing data, out of date base years, disputed population data and the size of the unrecorded informal economy means that international rankings of countries in terms of GDP and GDP per capita are meaningless. The economy’s push towards stability was assisted by the majority of our industries, that despite low confidence from the international community, made positive contributions. GDP PPP based on: 2011 International Dollars. Macroeconomic Performance and Prospects. April 15, 2020. The quality of economic data across Asia-Pacific region varies considerably across countries, mainly as a result of lack of statistical capacity. The use of different national income standards across Europe has an impact on cross-country comparability and in some cases leads to an underestimation of GDP. Directly accessible data for 170 industries from 50 countries Postal: Blue Sky Publications (Pty) Ltd T/A TheSouthAfrican, PO Box 44354, Claremont, 7735, South Africa, United Kingdom– Blue Sky Publications Ltd – Company Registration Number: 04683692. The most unreliable economic data is produced in Argentina which has manipulated inflation and GDP statistics since 2007. Based on the various economic indicators in South Africa for the first few months of 2019, we do predict the first quarter GDP growth of 2019 for South Africa to be a negative number. All rights reserved. Please contact us to get started with full access to dossiers, forecasts, studies and international data. World Economics makes available of world’s most comprehensive GDP database covering over 130 countries with historical GDP PPP data from 1870-2019, building on the lifetimes work of Angus Maddison. New, Figures and insights about the advertising and media world, Industry Outlook You only have access to basic statistics. Please authenticate by going to "My account" → "Administration". • South Africa’s open economy is highly reliant on economic developments globally. Are you interested in testing our corporate solutions? ", IMF, South Africa: Real gross domestic product (GDP) growth rate from 2009 to 2021 (compared to the previous year) Statista, (last visited October 31, 2020), South Africa: Real gross domestic product (GDP) growth rate from 2009 to 2021, Gross domestic product (GDP) growth rate in South Africa 2021, Forecast: revenue motor vehicle manufacture South Africa 2010-2020, Industry revenue of “manufacture of parts and accessories for motor vehicles and their engines“ in South Africa 2011-2023, Industry revenue of “manufacture of basic iron and steel“ in South Africa 2011-2023, Forecast: revenue plastic product manufacture South Africa 2010-2020, Industry revenue of “manufacture of structural metal products“ in South Africa 2011-2023, Industry revenue of “property owning and letting“ in South Africa 2011-2023, Industry revenue of “business and management consultancy activities“ in South Africa 2011-2023, Industry revenue of “architectural and engineering activities and related technical consultancy“ in South Africa 2011-2023, Industry revenue of “restaurants, bars and canteens“ in South Africa 2011-2023, Industry revenue of “hotels, camping sites and other provision of short-stay accommodation“ in South Africa 2011-2023, Industry revenue of “retail sale of motor vehicles“ in South Africa 2011-2023, Industry revenue of “retail trade in non-specialised stores with food, beverages and tobacco predominating“ in South Africa 2011-2023, Industry revenue of “retail sale of automotive fuel“ in South Africa 2011-2023, Industry revenue of “retail trade in textiles, clothing, footwear and leather goods“ in South Africa 2011-2023, Industry revenue of “retail trade in food, beverages and tobacco in specialised stores“ in South Africa 2011-2023, GDP growth in the EU and the Euro area compared to the previous quarter Q2 2020, Quarterly gross domestic product (GDP) growth rate in the UK 2nd quarter 2020, Growth of the gross domestic product in China until 2030, Quarterly growth of gross domestic product (GDP) in France 2nd quarter 2020, Forecast of the gross domestic product (GDP) growth in the euro countries 2021, Percentage change of gross regional product in the Netherlands 2019-2020, by province, GDP growth in EU countries compared to same quarter previous year 2nd quarter 2020, Gross domestic product (GDP) growth in the G20 states 2nd quarter 2020, Change of the gross domestic product (GDP) of the euro area up to 2019, Gross domestic product (GDP) growth in the G20 2nd quarter 2020, Forecast on the GDP growth by world regions until 2021, Real GDP growth rate in Japan Q1 2017-Q1 2020, Economic impact of AI on GDP in the United States by 2030, by driver, Regularly consumed food and beverages in Nigeria 2020, Watching films online in MENA countries 2018, Germany: frequency of private internet usage 2016, Industry revenue of “treatment and coating of metals“ in Germany 2012-2024, Top electronic component information platforms China 2013, by market share, South Africa: Real gross domestic product (GDP) growth rate from 2009 to 2021 (compared to the previous year), Find your information in our database containing over 20,000 reports, Tools and Tutorials explained in our Media Centre.

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