GDP – BFAP

Perspectives on Agriculture’s GDP performance in Q4 2023

Hester Vermeulen — Wed, 20 Mar 2024 12:54:54 +0000

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 contracted by 12.2%. While BFAP has long since projected a decline, we believe this contraction was more in the region of 3-5%.

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Perspectives on Agriculture’s GDP performance in Q3 2023

Kandas_BFAP — Wed, 13 Dec 2023 07:18:26 +0000

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 …

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Perspectives on Agriculture’s GDP performance in Q2 2023

Kandas_BFAP — Thu, 07 Sep 2023 18:15:25 +0000

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 Q3 of 2022. This suggests that Q2 performance comprises some normalisation from these dynamics.

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Perspectives on AGRICULTURE’s PERFORMANCE in Q1 of 2023

Kandas_BFAP — Fri, 23 Jun 2023 09:46:54 +0000

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.

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Perspectives on AGRICULTURE’s PERFORMANCE in Q4 of 2022

Dalene — Wed, 15 Mar 2023 09:58:49 +0000

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.