YoY Change in Quarterly GDP in South Africa
South Africa| Date | Value | ||
|---|---|---|---|
| Forecast | Actual | Deviation | |
| Date | Related Instruments Price Volatility | |||||
|---|---|---|---|---|---|---|
| 1 min later | 5 min later | 10 min later | 15 min later | 30 min later | ||
The year-on-year Gross Domestic Product (GDP) growth rate is an indicator measuring South Africa's economic growth, showing how much GDP has increased or decreased in a specific quarter compared to the same quarter of the previous year. This data is published by Statistics South Africa and is crucial for evaluating the long-term growth trends of the economy.
Year-on-year data helps understand how GDP fluctuates over extended periods. Increasing GDP indicates economic expansion, reflecting active investment and consumption. Conversely, a decrease in GDP suggests economic stagnation or contraction may be occurring.
This data serves as essential reference material for policymakers to assess the economic health and formulate appropriate economic policies. It also provides vital information for businesses and investors to gauge economic growth trends and forecasts.
| Date | Value | Related Instruments Price Volatility | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Forecast | Actual | Deviation | 1 min later | 5 min later | 10 min later | 15 min later | 30 min later | 60 min later | ||
