South Africa - Nominal Gross Domestic Product





South Africa: Nominal Gross Domestic Product

Mnemonic GDP.IZAF
Unit Mil. ZAR, SAAR
Adjustments Seasonally Adjusted at Annual Rate
Quarterly 16.85 %
Data 2020 Q3 5,020,121
2020 Q2 4,296,241

Series Information

Source South African Reserve Bank (SARB)
Release Quarterly Bulletin
Frequency Quarterly
Start Date 3/31/1960
End Date 9/30/2020

South Africa: GDP

Reference Last Previous Units Frequency
Government Consumption 2020 Q3 1,125,371 1,106,878 Mil. ZAR, SAAR Quarterly
Investment 2020 Q3 499,520 600,065 Mil. ZAR, SAAR Quarterly
Nominal Fixed Investment (gross fixed capital formation) 2020 Q3 760,481 697,313 Mil. ZAR, SAAR Quarterly
Nominal Gross Domestic Product 2020 Q3 5,020,121 4,296,241 Mil. ZAR, SAAR Quarterly
Private Consumption 2020 Q3 3,028,441 2,614,640 Mil. ZAR, SAAR Quarterly
Real Fixed Investment (gross fixed capital formation) 2020 Q3 478,848 451,556 Mil. 2010 ZAR, SAAR Quarterly
Real Government Consumption 2020 Q3 653,476 652,379 Mil. 2010 ZAR, SAAR Quarterly
Real Gross Domestic Product 2020 Q3 2,962,669 2,609,570 Mil. 2010 ZAR, SAAR Quarterly
Real Investment 2020 Q3 322,650 403,182 Mil. 2010 ZAR, SAAR Quarterly
Real Private Consumption 2020 Q3 1,864,428 1,633,956 Mil. 2010 ZAR, SAAR Quarterly

Release Information

The South African Reserve Bank (SARB) publishes their quarterly bulletin which focuses on recent economic developments. The publication is divided in two parts: an analytical section and a statistical section.

The analysis focuses on four key areas:

  • Domestic economic developments
  • Foreign trade and payments
  • Monetary developments, interest rates and financial markets
  • Public finance

The statistical section is organized along eight major categories:

  • Money and banking
  • Capital market
  • National financial account
  • Public finance
  • International economic relations
    • Balance of payments statistics are aligned with the guidelines of the Balance of Payments and International Investment Position Manual (BPM6).
  • National accounts
    • National accounts data are reported according to the standards of the 2008 SNA.
    • Industries are clasified according to the Standard Industrial Classification (SIC) fifth edition, the localization of ISIC Rev.3.
  • General economic indicators
  • Key information

Debt-service cost is defined as the interest payments on household's outstanding debt. To calculate the debt service ratio, debt-service cost is multiplied by 100, and then divided by net disposable income of households.

Data for the previous quarter is subject to revision during the regular update. 

Figures for the past four years are preliminary and subject to revision during the fourth quarter update.  

In accordance with international best practice, national accounts are rebased and benchmarked every five years.

Statistics South Africa (Stats SA) disseminates quarterly data on GDP compiled according to the production approach (GVA). Differences between GDP compiled for the production approach and GDP compiled from the expenditure approach (by the SARB) are allocated to a "statistical discrepancy" item in the expenditure-based estimates.