Statistics SA has released its data for the fourth quarter of 2018 and the good news is that the economy grew by 0.8%, with GDP increasing by 1.4%.
South African rands. Picture: Karen Sandison/African News Agency
The media briefing in Pretoria broke down the contributions to the economy in various sectors, and Stats SA has presented the information in graphics.
Take a look below:
The south African #economy grew by 0,8% in 2018 as Q4:2018 #GDP recorded growth of 1,4% #StatsSA https://t.co/M2oYEvYif6 pic.twitter.com/Eg9jhBmbQ2
— Stats SA (@StatsSA) March 5, 2019
Transport, #agriculture & #manufacturing industries recorded the biggest growth in Q4:2018 #StatsSA #GDP https://t.co/M2oYEvYif6 pic.twitter.com/VL4hZKnTxv
— Stats SA (@StatsSA) March 5, 2019
Despite growth in the #agriculture industry, the primary sector declined by 1,1% as lower production in #gold mining dragged the industry lower #GDP #StatsSA https://t.co/mraO7xbM51 pic.twitter.com/57w8Ic5fal
— Stats SA (@StatsSA) March 5, 2019
The secondary sector increased by 3% largely driven the #manufacturing industry.
The tertiary sector grew by 1,7% as transport industry increased by 7,7% #GDP #StatsSA https://t.co/mraO7xbM51 pic.twitter.com/cwxh7R3M5L
— Stats SA (@StatsSA) March 5, 2019
The South African economy produced almost R154 550 per second in 2018. The total SA economy generated R4,87 trillion in 2018. In Q4:2018 the SA economy generated R1,26 trillion #GDP #StatsSA https://t.co/mraO7xbM51 pic.twitter.com/tQOsBywH45
— Stats SA (@StatsSA) March 5, 2019
Household spending increased by 3,2% in Q4:2018. Spending on clothing & footwear, and household goods saw the biggest gains #GDP #StatsSA https://t.co/mraO7xbM51 pic.twitter.com/9qDE3EHybO
— Stats SA (@StatsSA) March 5, 2019
#Gauteng remains the economic hub of SA, contributing 34% to the national economy in 2017 #StatsSA #GDP https://t.co/mraO7xbM51 pic.twitter.com/U1kAPSYUff
— Stats SA (@StatsSA) March 5, 2019
Industrial activity for eight of the ten industries is concentrated in #Gauteng while national #agriculture production is concentrated in the Western Cape & KwaZulu-Natal #StatsSA #GDP https://t.co/mraO7xbM51 pic.twitter.com/qjnapc455p
— Stats SA (@StatsSA) March 5, 2019
NW, LP & MP saw growth larger than national rate in 2017 due to stronger growth in #agriculture & #mining in these provinces. #Gauteng generally has growth rate close to national rate as it contributes 34% to total #GDP #StatsSA https://t.co/mraO7xbM51 pic.twitter.com/IqCpQBC8IS
— Stats SA (@StatsSA) March 5, 2019
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