percent in the second quarter of 2007
28 August 2007
The seasonally adjusted real GDP at market prices for the second quarter of
2007, compared with the first quarter of 2007, increased by an annualised rate
of 4,5 percent. The corresponding increases for the respective quarters of 2006
were 5,0 percent, 5,5 percent, 4,5 percent and 5,6 percent, yielding an annual
growth rate of 5,0 percent in real GDP at market prices.
The main contributors to the increase in economic activities for the second
quarter of 2007 were the finance, real estate and business services industry
(1,5 of a percentage point); the wholesale and retail trade, hotels and
restaurants industry and the transport, storage and communication industry
(each industry contributing 0,6 of a percentage point) and the construction
industry and general government services (each contributing 0,5 of a percentage
point).
The seasonally adjusted real annualised value added by the non-agricultural
industries (excluding the impact of the volatile agriculture industry) for the
second quarter of 2007 increased by 4,4 percent.
The corresponding growth rates for the primary, secondary and tertiary
industries of the economy are increased of 2,6 percent, 2,7 percent and 5,4
percent, respectively.
The unadjusted real GDP at market prices for the second quarter of 2007
increased by 5,0 percent compared with the second quarter of 2006. The
corresponding increase for the respective quarters of 2006 were 4,6 percent,
4,4 percent, 4,7 percent and 6,2 percent. The estimate of GDP for the first six
months of 2007 compared with the corresponding period in 2006, is 5,2 percent.
The GDP estimates are preliminary, and may routinely be revised.
Enquiries:
Mr Joe de Beer
Executive Manager of National Accounts
Tel: 012 310 8600
Issued by: Statistics South Africa
28 August 2007
Source: Statistics South Africa (http://www.statssa.gov.za)
