The release of the country’s GDP results for the final quarter of 2023 brought several surprises, which we unpack in this Brief. For the total economy, GDP increased by 0.1% in the fourth quarter of 2023. For the full year 2023, GDP expanded by 0.6% in real terms. The big surprise, however, was that agriculture

In the third quarter of 2023, South Africa’s gross domestic product (GDP) decreased by 0.2% in the third quarter of 2023. The contribution of agriculture decreased by 9.6%. The biggest contributor to the agricultural sector performance in Q3 of 2023 was a 36% decline in the revenue of field crops.  Download here to read the full

In the second quarter of 2023, the agricultural sector grew by 4.2% quarter on quarter. It should be noted that this follows a decline of almost 5% in quarter 1, and a decline of almost 20% in quarter 2 of 2022 due to later than normal delivery of some summer crops, which bolstered growth in

South Africa’s seasonally adjusted quarter- on-quarter real GDP increased by 0.4% in the first quarter of 2023, but agricultural GDP contracted by 12.3%. This publication contextualises the latest release of GDP statistics by StatsSA and provides insights on the major factors behind agriculture’s contribution to GDP.   Download here to read the full article.