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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.
South Africa’s seasonally adjusted quarter-on-quarter real GDP dropped by 1.3% in the fourth quarter of 2022. 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.
