South Africa sees rapid economic growth
Updated: 2012-08-29 09:57
(Xinhua)
|
||||||||
JOHANNESBURG - South Africa's seasonally adjusted real gross domestic product (GDP) for the second quarter of this year increased by an annualized rate of 3.2 percent, compared with 2.7 percent in the first quarter, Statistics South Africa said on Tuesday.
The mining and quarrying industry registered a growth of 1.5 percentage points, becoming the biggest contributor to the general growth, the agency said in its latest report on the country's economic performance.
The agency gave a breakdown of other contributors: finance, real estate and business services (0.5 of a percentage point), the wholesale, retail and motor trade, catering and accommodation industry (0.4 of a percentage point), general government services (0.3 of a percentage point), and the transport, storage and communication industry (0.2 of a percentage point).
Negative contributions by other industries included the manufacturing industry (-0.2 of a percentage point), and the electricity, gas and water industry (-0.1 of a percentage point), according to the report.
The seasonally adjusted real annualized value added by primary and tertiary sectors recorded increases of 23.0 percent and 2.3 percent respectively and the secondary sector recorded a decrease of 0.5 percent during the second quarter of 2012, said the report.
The data shows that the country's economic performance in the second quarter of this year was better than what the International Monetary Fund (IMF) had predicted. The IMF has forecast 2.6 percent growth for the country for 2012.
The GDP estimates are preliminary, and may routinely be revised on the basis of additional evidence that has become available by the time the subsequent quarter's estimates are released, the report noted.
- Li urges expansion of Africa relations
- China to invest in TV digitalization in Africa
- 3 killed, 6 wounded in shooting in S Africa
- Chinese contractors in Africa turn to investment
- A quarter of Lonmin workers return to South African mine after 11-day strike
- S. Africa explores business development experience in India
Relief reaches isolated village
Rainfall poses new threats to quake-hit region
Funerals begin for Boston bombing victims
Quake takeaway from China's Air Force
Obama celebrates young inventors at science fair
Earth Day marked around the world
Volunteer team helping students find sense of normalcy
Ethnic groups quick to join rescue efforts
Most Viewed
Editor's Picks
|
|
|
|
|
|
Today's Top News
Health new priority for quake zone
Xi meets US top military officer
Japan's boats driven out of Diaoyu
China mulls online shopping legislation
Bird flu death toll rises to 22
Putin appoints new ambassador to China
Japanese ships blocked from Diaoyu Islands
Inspired by Guan, more Chinese pick up golf
US Weekly
|
|














