Economic Growth Better Than What Many Expected Statistics South Africa

Economic Growth Better Than What Many Expected Statistics South Africa Economic growth better than what many expected in a time when good news seems hard to come by, the latest gross domestic product (gdp) results provide some cautious cheer. the south african economy grew by 1,3% in 2017, exceeding national treasury’s expectation of 1,0% growth announced during the national budget speech in february. South africa's economy grew 1.2% in the second quarter compared to the previous three months, statistics agency data showed on tuesday, a better than expected outcome driven by sectors like.

Economic Growth Better Than What Many Expected Statistics South Africa Gdp growth (annual %) south africa. world bank national accounts data, and oecd national accounts data files. license : cc by 4.0. linebarmap. also show share details. Economic growth better than what many expected. in a time when good news seems hard to come by, the latest gross domestic product (gdp) results provide some cautious cheer. the south african economy grew by 1,3% in 2017, exceeding national treasury’s expectation of 1,0% growth announced during the national budget speech in february. After contracting by a revised 1,1% in the fourth quarter of 2022, real gross domestic product (gdp) edged higher in the first quarter of 2023 (january‒march), expanding by an estimated 0,4%. 1 the manufacturing and finance industries were the major drivers of growth on the supply side of the economy. the demand side was lifted by exports. South africa has taken considerable strides to improve the well being of its citizens since its transition to democracy in the mid 1990s, but progress has stagnated in the last decade. the percentage of the population living below the upper middle income country poverty line fell from 68% to 56% between 2005 and 2010 but has since trended.