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 2.09 %
Data 2022 Q2 6,567,652
2022 Q1 6,433,029

Series Information

Source South African Reserve Bank (SARB)
Release Quarterly Bulletin
Frequency Quarterly
Start Date 3/31/1960
End Date 6/30/2022

South Africa: GDP

Reference Last Previous Units Frequency
Government Consumption 2022 Q2 1,263,141 1,278,777 Mil. ZAR, SAAR Quarterly
Investment 2022 Q2 959,787 888,877 Mil. ZAR, SAAR Quarterly
Nominal Fixed Investment (gross fixed capital formation) 2022 Q2 919,804 892,054 Mil. ZAR, SAAR Quarterly
Nominal Gross Domestic Product 2022 Q2 6,567,652 6,433,029 Mil. ZAR, SAAR Quarterly
Private Consumption 2022 Q2 4,131,515 4,061,969 Mil. ZAR, SAAR Quarterly
Real Fixed Investment (gross fixed capital formation) 2022 Q2 660,107 657,010 Mil. 2015 ZAR, SAAR Quarterly
Real Government Consumption 2022 Q2 901,380 907,682 Mil. 2015 ZAR, SAAR Quarterly
Real Gross Domestic Product 2022 Q2 4,569,719 4,603,616 Mil. 2015 ZAR, SAAR Quarterly
Real Investment 2022 Q2 687,413 661,811 Mil. 2015 ZAR, SAAR Quarterly
Real Private Consumption 2022 Q2 3,068,389 3,051,568 Mil. 2015 ZAR, SAAR Quarterly

Release Information

For South Africa: interest rates, detailed balance of payments, detailed expenditure approach to GDP from the quarterly national accounts (GDP(E)), GFCF detail. From the quarterly bulletin produced by the South African Reserve Bank (SARB).

Interest rates

 

Balance of payments

 

National accounts

Active:

  • Framework: UN SNA 2008
  • Measurements:
    • Millions of South African rand at constant year-2015 prices (Mil. 2010 ZAR)
    • At current prices (Mil. ZAR)
  • Adjustments:
    • Seasonally adjusted annualized rate (SAAR)
    • Not seasonally adjusted (NSA)
  • Native frequency: Quarterly
  • Start date: Uniformly 1993Q1

Predecessors:

  • SNA 2008 at 2010 prices - 1960 or 1993 to 2021
  • SNA 93 at 2005 prices

The source writes:

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.

Further reading

At IMF (SDDS):