South Africa’s Gross Domestic Product (GDP) grew by 1.2% in the fourth quarter of 2021, Statistics South Africa (Stats SA) announced on Tuesday.
“The fourth quarter was upbeat, with personal services, trade, manufacturing and agriculture the key drivers of growth. An increase in demand for goods and services drove up the expenditure side of the economy, with exports and household expenditure the most significant contributors to growth,” said Stats SA.
The growth seen in the fourth quarter follows an upwardly revised 1.7% contraction (from 1.5%) in the third quarter of 2021.
Agriculture, forestry and fisheries led the growth statistics in that quarter by posting an increase of some 12.2% with the sector’s 2021 annual growth standing at about 8.3%.
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