South Africa’s agricultural GDP rose by 22.3% year on year in the third quarter of 2022 – a correction from the sharp decline in Q2 due to the delayed maize harvest. This publication contextualises the latest release of GDP statistics by StatsSA and provides insights on the major factors driving agriculture’s contribution to GDP.
Perspectives on Agriculture’s GDP performance in Q3 2024
A sharp decline in South Africa’s agricultural performance in the third quarter of 2024 was reported by Stats SA, with a seasonally adjusted quarter-on-quarter decrease of 28.8%. While a decline