Sydafrika - BNP, Årlig Growth Rate

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.

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.

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.