GDP increased at an annualised rate of 4,6%
8 June 2021
Gross domestic product (measured by production)
South Africa’s gross domestic product (GDP) increased at an annualised rate of 4,6% in the first quarter of 2021.
Finance, real estate and business services increased at a rate of 7,4% in the first quarter, and made the largest contribution to GDP growth, namely 1,5 percentage points. Increased economic activity was reported for financial intermediation, auxiliary activities, real estate activities and other business services.
The mining and quarrying industry increased at a rate of 18,1% and contributed 1,2 percentage points to GDP growth. Increased production was reported for platinum group metals (PGMs), iron ore and gold.