Percentage Change in Annual Gross Domestic Product at constant 2010 Prices: (South Africa & Eastern Cape: 1996 - 2014)

Source: Statistics South Africa (National Accounts, 2015) - ECSECC: 2016

The drop in real GDP growth in 2014 reflected a recent downward trend with South Africa GDP growth declining from 3.2% in 2011 to 1.5% in 2014. This is the weakest performance since the global financial crisis, but it is expected to rebound to 2.0% in 2015, as the currency depreciation possibly will stimulate an export-led recovery and the global economy gradually improves.

 

 

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