South Africa’s GDP R324 billion bigger than ANYONE knew
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South Africa’s economy is significantly larger than previously measured, following a major revision by Statistics South Africa (Stats SA) that has increased the country’s estimated gross domestic product (GDP) by 4.9% for 2022.
The revised figures reflect changes to how the agency measures economic activity, including improved data sources, updated industry weightings and better estimates of activity in the informal and illegal economy.
Stats SA reported that South Africa’s GDP at current
The revised figures reflect changes to how the agency measures economic activity, including improved data sources, updated industry weightings and better estimates of activity in the informal and illegal economy.
Stats SA reported that South Africa’s GDP at current
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