- Real GDP decreased by 0.7% quarter-on-quarter in Q1 2017, according to seasonally adjusted and annualized figures. This followed eight consecutive quarters of contraction in agriculture. - Trade and manufacturing were the two major industries that contributed negatively to GDP growth in Q1 2017. Agriculture and mining saw increased production and contributed positively. - Household final consumption expenditure decreased by 2.3% quarter-on-quarter due to lower spending on food, clothing, footwear and transport. Exports of goods and services also declined while imports increased.

1. GDP
Q1 2017
Gross domestic product, 1st quarter 2017
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GDP
Q1 2017

2. GDP
Q1 2017
GDP (production)
GDP
Q1 2017
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3. GDP
Q1 2017
Real GDP
-0,7%
in Q1 2017
(quarter-on-quarter)
Seasonally adjusted and annualised
Real GDP
1,0%
in Q1 2017
(year-on-year)
Unadjusted

4. GDP
Q1 2017
Trade and manufacturing were the two major industries that contributed negatively to growth in Q1 2017
Quarter-on-quarter, seasonally adjusted and annualised
GDP growth rates

5. GDP
Q1 2017
The primary sector contributed 1,3 percentage points to growth Q1 2017, on the back of higher growth in agriculture and mining
The last time the tertiary sector experienced negative growth was in second quarter of 2009
Quarter-on-quarter, seasonally adjusted and annualised
14,9%
-3,4%
-2,0%
Growth rates in various sectors

6. GDP
Q1 2017
0,4
0,9
0,0
-0,1
-0,2
0,0
-0,1
-0,5
-0,1
-0,8
GDP
-0,7%
LHS: growth rates RHS: contributions
Quarter-on-quarter, seasonally adjusted and annualised

7. GDP
Q1 2017
Growth rates by sector
Quarter-on-quarter, seasonally adjusted and annualised, Q1 2017
On the back of eight consecutive quarterly contractions, agriculture rebounded largely from increased
production of field crops and horticultural products
Agriculture
22,2%14,9% 12,8%
PRIMARY
SECTOR
Mining
The rise in mining was a result of higher production of gold and ‘other’ metal ores (including platinum)

8. GDP
Q1 2017
Growth rates by sector
Quarter-on-quarter, seasonally adjusted and annualised, Q1 2017
The fall in manufacturing was a result of decreases in the production of food and beverages, and
petroleum and chemical products
Electricity
4,8%1,3%
Construction
3,4%
SECONDARY
SECTOR
Manufacturing
3,7%
Decreased activities in non-residential buildings and construction works contributed to the decrease in
construction
There was drop in electricity production. The amount of water distributed also fell, partly due water
restrictions

9. GDP
Q1 2017
Growth rates by sector
Quarter-on-quarter, seasonally adjusted and annualised, Q1 2017
Declining levels of employment in local and provincial government largely led to a decline in general government
services
Trade
5,9%
Transport
1,6%2,0%
TERTIARY
SECTOR
Finance
1,2%
Government
0,6%
Personal
services
0,1%
Decreased economic activity was reported for wholesale, retail, catering and accommodation divisions,
contributing to the fall in the trade industry
Transport declined due to lower economic activity in road and rail passenger transportation services

10. GDP
Q1 2017
Nominal GDP values for Q1 2017

11. GDP
Q1 2017
Nominal GDP estimated at R1 102 billion for Q1 2017,
R17 billion less than Q4 2016
Trade was down by R16 billion to R148 billion
Mining was down by R14 billion to R72 billion
Manufacturing was down by R4 billion to R129 billion
Government was down by R2 billion to R170 billion

12. GDP
Q1 2017
Shares of
nominal GDP
Q1 2017

13. GDP
Q1 2017
GDP
Q3 2016
Expenditure on GDP
GDP
Q1 2017

14. GDP
Q1 2017
Expenditure on GDP
-0,8%
in Q1 2017
(quarter-on-quarter)
Seasonally adjusted and annualised
Expenditure on GDP
0,1%
in Q1 2017
(year-on-year)
Constant 2010 prices

15. GDP
Q1 2017
HFCE and net exports were the main negative contributors to growth in Q1 2017
Quarter-on-quarter, seasonally adjusted and annualised
Expenditure on GDP growth rates

16. GDP
Q1 2017
-0,9
0,2
-0,2
-1,4
-1,0
LHS: growth rates RHS: contributions
Change in inventories: R2 749 million (contribution of 2,5 percentage points)
Quarter-on-quarter, seasonally adjusted, annualised
Expenditure
on GDP:
-0,8%

17. GDP
Q1 2017
Household final
consumption
expenditure (HFCE)

18. GDP
Q1 2017
Household final
consumption expenditure
-2,3%
in Q1 2017
(quarter-on-quarter)
Seasonally adjusted and annualised

19. GDP
Q1 2017
Quarter-on-quarter, seasonally adjusted and annualised
The main negative contributors to growth in Q1 2017 were expenditure on food and non-alcoholic beverages, clothing and footwear and transport
HFCE growth rates

20. GDP
Q1 2017
0,6
0,2
0,2
0,1
0,0
-0,7
-0,3
-0,2
-0,7
-0,7
-0,3
-0,4
LHS: growth rates RHS: contributions
-2,3%
HFCE by
purpose
Quarter-on-quarter, seasonally adjusted and annualised

21. GDP
Q1 2017
0,4
0,0
-1,0
LHS: growth rates RHS: contributions
-2,3%
HFCE by
durability
Quarter-on-quarter, seasonally adjusted and annualised
-1,7

22. GDP
Q1 2017
Government final
consumption
expenditure (GFCE)

23. GDP
Q1 2017
Government final
consumption expenditure
-1,0%
in Q1 2017
(quarter-on-quarter)
Seasonally adjusted and annualised

24. GDP
Q1 2017
An decrease in employment numbers contributed to negative growth in Q1 2017
Quarter-on-quarter, seasonally adjusted and annualised
GFCE growth rates

25. GDP
Q1 2017
Gross fixed capital
formation (GFCF)

26. GDP
Q1 2017
Gross fixed capital formation
1,0%
in Q1 2017
(quarter-on-quarter)
Seasonally adjusted and annualised

27. GDP
Q1 2017
Spending on residential buildings and machinery and other equipment contributed positively to GFCF growth in Q1 2017
Quarter-on-quarter, seasonally adjusted and annualised
GFCF growth rates

28. GDP
Q1 2017
0,6
0,9
2,5
0,1
-1,0
-0,8
-1,1
LHS: growth rates RHS: contributions
1,0%
GFCF by asset
type
Quarter-on-quarter, seasonally adjusted and annualised

29. GDP
Q1 2017
Change in inventories

30. GDP
Q1 2017
Build up of inventories was reported for wholesale trade and transport, storage and communication industries
Quarter-on-quarter, seasonally adjusted and annualised
Change in inventories
(R million)

31. GDP
Q1 2017
Exports and Imports

32. GDP
Q1 2017
Exports of goods
and services
-3,2%
in Q1 2017
(quarter-on-quarter)
Imports of goods
and services
3,2%
in Q1 2017
(quarter-on-quarter)
Seasonally adjusted and annualised Seasonally adjusted and annualised

33. GDP
Q1 2017
Exports of mineral products as well as exports of services were largely responsible for the increase in Q1 2017
Quarter-on-quarter, seasonally adjusted and annualised
Exports growth rates

34. GDP
Q1 2017
Imports of mineral products were largely responsible for the increase in Q1 2017
Quarter-on-quarter, seasonally adjusted and annualised
Imports growth rates

35. GDP
Q1 2017
Recap

36. GDP
Q1 2017
Quarter-on-quarter, seasonally adjusted and annualised
GDP and expenditure on GDP growth rates

37. GDP
Q1 2017
Real GDP
-0,7%
in Q1 2017
(quarter-on-quarter)
Seasonally adjusted and annualised
Real GDP
1,0%
in Q1 2017
(year-on-year)
Unadjusted