Q4 2013 GDP Recovery Fails to Lift Annual Outcome

SOUTH AFRICA - Report 25 Feb 2014 by Iraj Abedian
Inflation adjusted (real) Gross Domestic Product (GDP) increased by a quarterly, seasonally adjusted annualized rate of 3.8% in the last quarter of 2013. The outcome added 3.1 percentage points to the preceding quarter’s muted rate (see Graph 1). Graph 1 Quarterly Inflation-adjusted GDP growth rate, South Africa Note: Seasonally adjusted and annualized rates, constant 2005 prices. Source Statistics South Africa The principal contributors to the notable recovery in q/q annualized GDP growth were the “manufacturing” (12.3%) and “mining” (15.7%) sectors with the former – after having weighed o...

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