SA's GDP grows by 2% in third quarter
Statistics South Africa has announced that the gross domestic product (GDP) grew by 2% in the third quarter of 2017.
Statistician General Risenga Maluleke has announced that the GDP grew by 2.0%.
Maluleke says the largest positive contributors to growth were the agriculture, forestry and fishery industries.
"These industries increased by 44.2% in the third quarter and contributed 0.9 of a percentage point to GDP growth. The mining and quarrying industry increased by 6.6%, and contributed 0.5 of a percentage point to GDP growth."
JUST IN: Statistics South Africa has announced that South Africa's gross domestic product (#GDP) grew by 2,0% in the third quarter of 2017.
— Jacaranda News (@JacaNews) December 5, 2017
Maluleke also confirmed that the expenditure on the GDP increased by 2.1%.
"Household final consumption expenditure increased by 2.6% in the third quarter of 2017, contributing 1.6 percentage points to total growth. Government's final consumption expenditure decreased by 0.5%, contributing -0.1 of a percentage point," says Maluleke.
Maluleke: Household final consumption expenditure increased by 2.6% in the third quarter of 2017, contributing 1.6 percentage points to total growth. #GDP
The South African #Economy grew by 2% in Q3:2017, down from 2,8% in Q2:2017 #GDP #Agriculture, #Mining & Manufacturing were the main drivers https://t.co/raEekta9Z9 pic.twitter.com/efovPsHYNZ
— Stats SA (@StatsSA) December 5, 2017