And hence South Africa's continued dependence on primary industries to drive and grow SA's economy as well as trying to provide more jobs, even though these industries are shedding massive amounts of jobs. Northern Cape’s GDP expanded by 2,8%, the highest rate of all provinces. The projection of a sharp contraction in 2020 and a relatively weak recovery implies that the level of real GDP in 2022 is likely be lower than that of 2018. There are many great benefits to being a Maverick Insider. 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.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.On a more concerning note, the stats authority noted that the following industries suffered losses in Q2:2019.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.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.The Secondary sector collectively contributed 1.5% towards the growth of the GDP, with Manufacturing accounting for 2.1% of the rise.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.If you missed the latest drama, you can watch the latest episode of Generations: The Legacy right here.TheSouthAfrican.com is all about South Africa and the stories that affect South Africans, wherever they are in the world.Help support journalists, the guardians of independent journalism, through our Land and Agricultural Development Bank of South Africa What was South Africa’s GDP in Q1:2019? Yet the optimism from the citrus industry will likely be short-lived as agricultural conditions were tough in large parts of the country due to drier weather conditions over the past few months.

Click here to see other benefits and to sign-up to our reader community supporting quality, independent journalism.Drought has been a major factor in agricultural production in recent years, and 2019 was no different. Fact #4: Northern Cape’s economy led the charge in 2017. The data show a 6.9% year-on-year contraction for 2019, which is a second consecutive year of contraction in South Africa’s farm economy.

March 2015. Despite its relatively small share of the total GDP, primary agriculture is an important sector in the South African economy. Removing advertising from your browsing experience is one of them - we don't just block ads, we redesign our pages to look smarter and load faster. This contraction is in line with the numbers coming out of key horticulture sub-sectors that harvested during the first quarter of 2019. Agriculture’s contribution historically is about 2.5% to GDP, however, given its backward and forward linkages to the rest of the economy this figure is even higher. Financial Well-being of South African Companies_2015 Stats SA releases Census of Commercial Agriculture 2017 Report.

The Trading Economics Application Programming Interface (API) provides direct access to our data. This could be mirrored in the agricultural economy data of the upcoming quarters in 2019., which in the past proved to be a good indicator of the growth path of the South African agricultural economy, has been rather rocky in the most recent quarters.

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