Gross Domestic Product - Third Quarter 2018

Publication Date:
12/05/2018 10:41:00
GDP Q3 2018

GDP in the third quarter of 2018 rose by 2,2%

Real gross domestic product (measured by production) increased by 2,2% in the third quarter of 2018, following a decrease of 0,4% in the second quarter of 2018.

Figure 1 Growth in GDP (%)

Figure 1 Growth in GDP (%)

The largest positive contributors to growth in GDP in the third quarter were the manufacturing, finance, transport and trade industries.

The manufacturing industry increased by 7,5% and contributed 0,9 of a percentage point to GDP growth.

The finance, real estate and business services industry increased by 2,3% and contributed 0,5 of a percentage point.

The transport, storage and communication industry increased by 5,7% and contributed 0,5 of a percentage point.

Negative contributions to GDP growth came from the mining, electricity and construction industries.

Figure 2 Contributions to growth in GDP, Q3 2018 (% points)

Figure 2 Contributions to growth in GDP, Q3 2018 (% points)

Expenditure on real gross domestic product increased by 2,3% in the third quarter of 2018, following a decrease of 0,7% in the second quarter of 2018.2

Figure 3 Growth in expenditure on GDP (%)

Figure 3 Growth in expenditure on GDP (%)

Household final consumption expenditure increased by 1,6% in the third quarter of 2018, contributing 1,0 percentage point to total growth.

Government final consumption expenditure increased by 2,2%, contributing 0,4 of a percentage point.

Gross fixed capital formation decreased by 5,1%, contributing -1,0 percentage point.

Changes in inventories in the third quarter contributed 2,8 percentage points to total growth.

Exports increased by 24,2% and imports increased by 26,7%. Net exports contributed -0,9 of a percentage point to total growth.

Figure 4 Contributions to growth in expenditure

Figure 4 Contributions to growth Q3 2018


Download the GDP Third Quarter Results

 

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