Statistics South Africa

South African rand banknote money
News

South Africa’s GDP increased 0.6% in Quarter 4 of 2024

South Africa’s gross domestic product (GDP) increased by 0.6% in the fourth quarter of 2024, following a decrease of 0.1% in the third quarter of 2024. This is according to Statistics South Africa (Stats SA), which attributed the growth to, among others, an increase by 17.2% in the agriculture, forestry and fishing industry, which contributed 0.4 of a percentage point to the positive GDP growth.  “This was primarily due to increased economic activities reported for field crops and animal products. The finance, real estate and business services industry increased by 1.1%, contributing 0.3 of a percentage point. Increased economic activities were reported for financial intermediation, real estate activities and other business services,” Stats SA