Gross Domestic Product (GDP) y/y reflects a change in the total value of all goods and services produced in South Africa in the specified quarter compared to the same quarter of the previous year.
There are three approaches to the calculation of GDP: from production perspective, in terms of revenues received and in terms of expenditures incurred.
Statistics South Africa quarterly publish data on real GDP calculated by production volume and expenditure, split by the sectors contributing to national GDP. A deflator is used in the value added calculation for different sectors. Also, data is seasonally adjusted (i.e. calculation excludes holidays, climate change, less working days or annual leave schedules).
GDP is the main indicator of the national economy state and an important indicator of the country's level of development. GDP growth can have a positive effect on rand quotes.
The chart of the entire available history of the "South Africa Gross Domestic Product (GDP) y/y" macroeconomic indicator. The dashed line shows the forecast values of the economic indicator for the specified dates.
A significant deviation of a real value from a forecast one may cause a short-term strengthening or weakening of a national currency in the Forex market. The threshold values of the indicators signaling the approach of the critical state of the national (local) economy occupy a special place.
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The Calendar data are provided as is. The economic news release frequency and schedule, as well as the economic parameters' values may change without our knowledge. You can use the provided information, but you accept all the risks associated with making trade decisions based on the Calendar data.