Key findings: P0441 - Gross Domestic Product (GDP), 2nd Quarter 2018

The GDP figure for the (2nd quarter 2018 -0,7% q/q and 0,4% y/y)

South Africa's gross domestic product (GDP) growth rate declined by 0,7% in the second quarter of 2018.

The largest negative contributor to growth in GDP in the second quarter was the agriculture, forestry and fishing industry, which decreased by 29, 2% and contributed -0, 8 of a percentage point to GDP growth.

The transport and communication industry decreased by 4,9% and contributed -0,4 of a percentage point.

The trade, catering and accommodation industry decreased by 1,9% and contributed -0,3 of a percentage point to GDP growth. 

General government services decreased by 0,5% and contributed -0,1 of a percentage point to GDP growth. 

Finance, real estate and business services increased by 1,9% in the second quarter and contributed 0,4 of a percentage point to GDP growth. 

The mining and quarrying industry increased by 4,9% and contributed 0,4 of a percentage point to GDP growth.

Statement issued by StatsSA, 4 September 2018