Economy | December 24th 2020 New Covid-19 variant poses higher risks to South Africa The local mutation, dubbed 501.V2, is not the same as the UK’s new variant, which is … South Africa: PMI edges down in November amid weaker demand dynamics. The economy of South Africa is the third largest in Africa. Unadjusted real GDP in the fourth quarter was up by 1,1% year-on-year. South Africa Yearbook 2018/19 This publication is the official authoritative reference work on the Republic of South Africa and is updated annually. This is down from 1,4% in 2017 but up from 0,4% in 2016 (click on the chart to enlarge). South Africa is the 35th largest economy in the world (measured by current GDP). Industry includes mining, manufacturing, energy production, and construction. South Africa gdp per capita for 2019 was $6,001, a 5.85% decline from 2018. These two industries contributed 0,4 and 0,2 of a percentage point to the overall growth. Given population growth, gross domestic product (GDP) per capita growth has been close to … The growth of the tourism sector has been a boon for South Africa’s economy. South Africa found itself in economic recession in 2018, its second since the early 1990s. The ruling African National Congress (ANC) has been driving the policy agenda since 1994. 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. South Africa’s economy rebounded in the third quarter of 2020 (July–September), coinciding with the easing of COVID-19 lockdown restrictions. Contribution of travel and tourism to GDP (% of GDP) of South Africa increased from 7.1 % in 2000 to 8.7 % in 2019 growing at an average annual rate of 1.21%. The divisions that made the largest contributions to the increase were petroleum, chemical products, rubber and plastic products; motor vehicles, parts and accessories and other transport equipment; and food and beverages, Stats SA said. Key facts and figures for South Africa’s GDP. Gross domestic product (GDP) growth is projected to gather pace, increasing from 1.3 percent in 2017 to 1.4 percent in 2018, 1.8 percent in 2019, and 1.9 percent in 2020. December 3, 2020. FRED: Download, graph, and track economic data. South Africa gdp per capita for 2017 was $6,132, a 16.3% increase from 2016. Key facts from the GDP release for the fourth quarter 2018: For more information, download the latest GDP report and media presentation here. Download Historical Data Save as Image. Equatorial Guinea. 1 All quarterly growth rates mentioned are quarter-on-quarter, seasonally adjusted and annualised, and in real (volume) terms. $54,683 million, South Africa is number 29 in the ranking of quarterly GDP of the 50 countries that we publish. South Africa gdp for 2018 was $778.20B, a 0.41% increase from 2018. 16 Soya costs and delivered prices in Gauteng Province, South Africa 27 17 Footprint of Shoprite and Pick n Pay, by country, 2016 28 Tables 1 Sectoral growth in Southern Africa, 2000–16 6 2 Sectoral GDP shares in Southern Africa, 2000–16 7 3 GDP composition by expenditure in Southern Africa, 2000–15 7 South Africa’s GDP growth for 2018 crawls to 0.8%, South Africa’s economic growth seen stagnant, A new type of lending is becoming popular in South Africa’s property market, How many South Africans now rely on social grants: 1996 vs 2020, Meetings to decide on lockdown restrictions for South Africa: Ramaphosa, Government warned about ‘huge’ Covid-19 vaccine theft: report, Save on your car insurance today – Or get R500 cash, Get a new mobile app for your company in 2021, Get super-fast home broadband for R199 per month, The biggest business website in South Africa, South Africa to look at stricter alcohol laws – here’s what you should know, Expect a big drop in living standards in South Africa: World Bank, 2021 presents digital opportunities for businesses, Here are new car tech features that will help keep you safe on the road, Land expropriation set to be approved in South Africa in 2021: ANC, One of the world’s most valuable and controversial banknotes has been revamped, South Africa's massively reduced critical skills list threatens to expel expats and foreign workers. 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