The rate dropped to 3,0% in April from 4,1% in March, the lowest reading since June 2005 when the rate was 2,8%. GDP Growth Rate QoQ

This excludes capital spending.

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. The South African GDP shrank an annualized 1.4% on quarter in the three months to December of 2019, following an upwardly revised 0.8% contraction in the previous period and much worse than market expectations of a 0.1% decrease. It was the steepest contraction since the first quarter of 2019, amid the initial effects of the global pandemic on domestic activity even before the implementation of the nationwide lockdown on March 27th. The South African Treasury expects the GDP to grow 0.5 percent in 2019. The results presented here cover the period 1 January 2020 to 31 March   During the final two weeks of Level 5 lockdown, almost half of the businesses responding to our impact survey indicated that they had temporarily ceased trading. Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices. GDP Growth Rate QoQ Selected Countries and Economies. GDP Growth Rate QoQ ... 1961 - 2019 GDP (constant 2010 US$) ... GDP per capita growth (annual %) Download. Local government increased spending by 12,2% over the last year, driven largely by increased spending on employee costs.

Manufacturing accounts for 13.9 percent; mining and quarrying for around 8.3 percent and agriculture for only 2.6 percent. 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. During Level 4, this fell to one-fifth, according to a follow-up survey. Fuel prices increased by 7,5% from May to June, with petrol   According to the Quarterly employment statistics (QES) survey released by Statistics South Africa (Stats SA) the formal non-agricultural sector shed 3 000 jobs in the first quarter of 2020. On a more positive note, notable growth was recorded in agriculture (27.8% vs -7.6%), on bumper production of grains and fruits; and finance, real estate & business activities (3.7% vs 2.7%). GDP contracts by 0,6% in the third quarter After rebounding by a revised 3,2%1 in the second quarter of 2019, activity in the South African economy slipped slightly in the third quarter. Year-on-year, the economy contracted 0.1%, after shrinking 0.5% in the previous period but less than market expectations of a 0.8% fall. Mining, manufacturing and transport were the biggest drags on growth in gross domestic product (GDP). It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds. Considering the first 3 quarters of 2019, the economy expanded only 0.3 percent over a year earlier.

The South African GDP shrank an annualized 2% on quarter in the three months to March of 2020, following a 1.4% contraction in the previous period and compared with market expectations of a 3.8% decline. Year-on-year, the GDP declined 0.5% after a 0.1% expansion.

South Africa’s 257 municipalities spent R96,8 billion in the quarter ended March 2020 on operational costs, up from R86,3 billion in the quarter ended March 2019. In 2019, South Africa's real GDP had increased by about 0.15 percent compared to … Stats SA is in the process of updating its database of all users. The dominance of fuel price changes recorded in the previous few months continued in June. CSV XML EXCEL. In contrast, output rebounded for mining (1.8% vs -6.1%), boosted by platinum group metals, iron ore and gold. Output declines were seen across half of the country's sectors, primarily in mining & quarrying (-21.5% vs 1.8% in Q4) and manufacturing (-8.5% vs -1.8%).

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