The economic scenario likely remained challenging in Q3, after the historic plunge in activity in Q2. 15.03 million (Q4:2020) Economically active population: KZN. In brief. South Africa also exports nuts, sugar, mohair, apples and pears to … Another stellar contribution by agriculture to SA’s GDP outcomes in the 2nd quarter of 2020. JOHANNESBURG - Agriculture is an important sector of the South African economy despite its meagre contribution to the gross domestic product (GDP) in strict terms. Share of total SA area: 7.7%. South Africa’s economy is expected to rebound in 2021 and 2022 after the dire impact of COVID-19. Our Economic Contribution. THE SOUTH AFRICAN GRAIN AND OILSEED INDUSTRY Despite its relatively small share of the total GDP, primary agriculture is an important sector of our economy. However, there are strong linkages into the economy, so that the agro-industrial sector comprises about 12% of GDP. Agriculture is the backbone of Zimbabwe’s economy as Zimbabweans remain largely a rural people who derive their livelihood from agriculture and other related rural economic activities. Published in the Republic of South Africa by Department of Agriculture, Land Reform & Rural Development Obtainable from Resource Centre ... important indicators and the contribution of primary agriculture to the South African economy. Since 2004 Ethiopian agriculture, as well as its whole economy, has witnessed the most rapid and sustained growth in the country's history, with an average annual growth rate of around 10% from 2005 to 2009. At the heart of this slow growth are the major headwinds of high inflation, increasing government debt, and slow growth in South Africa, which contributes about two-thirds of the region’s GDP. South Africa is a middle-income emerging market with an abundant supply of natural resources; well-developed financial, legal, communications, energy, and transport sectors; and a stock exchange that is Africa’s largest and among the top 20 in the world. Eswatini. Agriculture continued to increase at a rate of 18,5% in the quarter of 2020. With an export value of over R38.4 billion, it is a key contributor to South Africa’s economy. State of the agricultural sector in South Africa’ economy. Africa’s economic prospects are weak Real GDP in Africa is projected to contract by 1.7 percent in 2020, dropping by 5.6 percentage points from the January 2020 pre-COVID–19 projection, if the virus has a substantial impact but of short duration. GDP refers to the total market value of all … Agriculture accounts for 40% of Ethiopia's economy and so its direct contribution to economic … This statistic shows the gross domestic product (GDP) in South Africa from 1986 to 2020, with a projection up until 2026. We take a look at a few highlights/low lights of South Africa's mining industry as published by Statistics South Africa Exactly a week after delegates closed the 26 th Investing in African Mining Indaba, Stats SA released data on the performance of the mining industry in 2019. Office of Agricultural Affairs, Pretoria | (011-27-12) 431-4057. Agriculture, usually the doyen of the South African economy in terms of contribution to employment, has not been spared the blushes. South Africa’s agriculture GDP still came out impressive in the 3 rd quarter 2020 at 18.5% quarter-on-quarter (q/q) seasonally adjusted annualised with a 0.6 percentage point contribution, according to Statistics South Africa (StatsSA). South Africa currently has one of the highest unemployment rates globally. As one of these economies, South Africa needs to ensure a healthy agricultural industry that contributes to the country’s gross domestic product (GDP), food security, social welfare, job creation and ecotourism, while adding value to raw materials. CONTRIBUTION OF INDUSTRIAL MINERALS TO SOUTH AFRICA’S ECONOMIC GROWTH ... 2.2. Agriculture, forestry, and fishing, value added (% of GDP) - Sub-Saharan Africa. Now, in 2020… Economic sectors that contribute to South Africa’s GDP: Q3 2017. South Africa from 2011 to 2025, and the factors that will determine the size of the informal sector in the two countries (Tables1and2). Statistics from the World Bank indicate that agriculture contribution to GDP has gone down from 22.9 percent in sub-Saharan Africa to 17.1 percent. According to Statistics South Africa (Stats SA), the country’s economy contracted 7% in 2020, compared with the growth rate of 0,2% in 2019. Total SADC trade almost quadrupled between 2000 and 2011 from US$ 91089.52 million in 2000 to US$ 353636.4 million in 2011, although there was a sharp decline of more than 25% in 2009 as a result of the global economic crisis. . But there is cause for hope with South Africa’s 2020 agricultural performance. South Africa currently has one of the highest unemployment rates globally. Actual GDP growth for Q3:2017 was revised upwards from 2% to 2.3% and the latest results for Q4:2017 shows a further improvement in South Africa's economic growth. Maize is the most important food crop, followed by wheat and barley. Office of Agricultural Affairs, Pretoria | (011-27-12) 431-4057. A 2020 vision of the agricultural sector in Limpopo. The third-quarter 2019 GDP data released by Statistics South Africa this week illuminated what many in SA’s farming towns and villages have been experiencing throughout the year, which is … South Africa. Line Bar Map. Since the first quarter of 2020, agricultural sector has been a positive contributor to the country’s GDP growth with an increase of 28.6%, becoming the strongest performer (15.1%) in the second quarter of 2020 despite the unpleasant conditions of COVID-19 pandemic. 1. If it continues beyond the first half of 2020, there would be a deeper GDP GDP falls by 2,0%. Asset management and venture capital companies have been growing steadily. A post-pandemic plan will prioritise investment, job creation and power supply. A small, landlocked kingdom, Eswatini is bordered in the north, west and south by the Republic of South Africa and by Mozambique in the east. Same region. This statistic shows the distribution of the gross domestic product (GDP) across economic sectors in South Africa from 2009 to 2019. [iStock by Getty Images via Limpopo Business 2019/20 edition] The percentage contribution of Limpopo agriculture to national agriculture is 7.6% although its contribution to provincial GDP is just 2.3%. South Africa’s gross domestic product (GDP) contracted by 2% in the first quarter of 2020. As non-agricultural activities outpaced agriculture, the global contribution of agriculture to gross domestic product (GDP) declined, which is expected to accompany the growth of total GDP (see F IGURE 2). The Role of the Agricultural Sector in the South African Economy J.C. Greyling Department of Agricultural Economics, University of Stellenbosch, Private Bag X1, Matieland 7602, South Africa. Percentages of other sectors have increased. South African food crops dominate the agricultural market in the region. NOTE: The information regarding GDP - composition, by sector of origin - agriculture (%) on this page is re-published from the CIA World Factbook 2020. In 2019, agriculture … Data collected from the survey is important in painting a picture on size and structure of the agriculture sector, contribution of the sector to national accounts, and employment figures. The study finds that total The EU and South Africa have been strategic partners since 2007 and adopted an action plan for the partnership in the same year.. Areas of cooperation. According to Statistics South Africa (Stats SA), the country’s economy contracted 7% in 2020, compared with the growth rate of 0,2% in 2019. This was revealed in the 2020 fourth quarter and 2020 full-year GDP results report, which was released by Stats SA on Tuesday, 9 March. South Africa is an upper-middle-income economy, one of only eight such countries in Africa. Agriculture, forestry, and fishing, value added (% of GDP) World Bank national accounts data, and OECD National Accounts data files. During the third quarter, South Africa reported a record exports of (U$3.2billion), i.e. If asked to estimate the share of the agricultural sector in the economy, most people respond that it is above 10%. Agriculture and Food Security in SADC. License : CC BY-4.0. 3 Private Sector Contribution to South Africa’s 2019 Voluntary National Review on Sustainable Development Goals www.globalcompactsa.org.za IT IS TIME FOR US TO REPORT BACK PREAMBLE TO THE 2030 AGENDA “The 2030 Agenda is a plan of action for people, planet and prosperity. Employment in the agricultural … The SME sector employs 47% of South Africa’s workforce and contributes more than 20% to the country’s gross domestic product (GDP) and pays about 6% of corporate taxes. South Africa also exports nuts, sugar, mohair, apples and pears. In South Africa, this will be a major spoke in the wheel of government’s ambition to increase employment in agriculture and agro-processing by a million jobs by 2030. License : CC BY-4.0. According to Stats SA, due to increased production of field crops and horticultural and animal products, the agriculture sector expanded by 15.1% This industry was the only positive contributor contributing 0,3 of percentage points to GDP during the second quarter of 2020. Agriculture, forestry, and fishing, value added (% of GDP) World Bank national accounts data, and OECD National Accounts data files. The sharp contraction in 2020, due to enforced shutdowns and the resulting lack of economic activity, resulted in a high expected growth rate of 3.3% in 2021 due, in part, to base effects. Contribution per sector to the country’s gross domestic product. Among the key sectors that contribute to the gross domestic product and keep the economic engine running are manufacturing, wholesale and retail trade, financial services, transport, mining, agriculture and tourism. No claims are made regarding the accuracy of GDP - composition, by sector of origin - agriculture (%) information contained here. The South African sugar industry makes an important contribution to the national economy, given its agricultural and industrial investments, foreign exchange earnings, its high employment, and its linkages with major suppliers, support industries and customers. Source: International Monetary Fund, Regional Economic Outlook Database, September 2019 Trade. GDP From Agriculture in South Africa decreased to 81017.65 ZAR Million in the first quarter of 2021 from 81674.70 ZAR Million in the fourth quarter of 2020. This comes after South Africa recorded contractions of 1.4% and 0.8% in the two preceding quarters respectively. Label. South Africa MUR15,149 Mauritius MUR12,511 *Sources: Singapore budget 2020, National Treasury Republic of South Africa budget review 2020, Budget speech 2020-2021 Mauritius Health Expenditure per capita Singapore MUR56,614 South Africa MUR8,722 Mauritius MUR9,784 fall … It also investigates trends in factor intensity, potential output growth and the output gap in the period. But the health of the agricultural sector depends on the sustainability of farming methods. This vision is expressed specifically in terms of Priority 1 (economic transformation and job creation) and Priority 7 (a better Africa and world) of government’s 2019‐2024 MTSF. South Africa has a dual agriculture economy consisting of a well-developed commercial sector and smallholder, often subsistence, farming. GDP From Agriculture in Ghana averaged 6971.34 GHS Million from 2006 until 2021, reaching an all time high of 9602.80 GHS Million in the fourth quarter of 2020 and a record low of 5322 GHS Million in the fourth quarter of 2007. Citrus, wine, table grapes, corn and wool accounted for the largest exports by value. Agriculture's contribution to Nigeria's Gross Domestic Product (GDP) rose marginally from 23.86 per cent in the fourth quarter of 2014 to 24.18 percent, the Central Bank of Nigeria (CBN) has said. Agriculture Employment for South Africa from Statistics South Africa (Statistics SA) for the Quarterly Labour Force Survey (QLFS) release. Economic growth in Sub-Saharan Africa is estimated to have contracted by 2.0% in 2020, closer to the lower bound of the forecast in April 2020. GDP From Agriculture in South Africa averaged 60760.83 ZAR Million from 1993 until 2021, reaching an all time high of 89120.92 ZAR Million in the fourth quarter of 2017 and a record low of 33530.55 ZAR Million in the first quarter of 1993. 1.4 West Africa’s contribution to Africa’s GDP growth has been increasing over the past few years—from below 7 percent to above 28 percent 20 1.5 The big five economies of Algeria, Egypt, Morocco, Nigeria, and South Africa jointly accounted for 55 percent of Africa’s growth in 2019 20 Agri-processing has enormous potential to expand in every sub-sector. The South African economy has faced challenges in the recent times with Gross Domestic Product (GDP) declining by 2% quarter on quarter (q/q) in 1Q20. As non-agricultural activities outpaced agriculture, the global contribution of agriculture to gross domestic product (GDP) declined, which is expected to accompany the growth of total GDP (see F IGURE 2). The economy of South Africa is the second largest in Africa. Contact: Office of Agricultural Affairs, Pretoria | (011-27-12) 431-4057. Table 1. Agriculture the ‘shining star’ of SA’s economy – Stats SA. This page provides forecast and historical data, charts, statistics, news and updates for South Africa Agriculture Employment. South Africa Economic Outlook. This is due to an estimated economic growth of less than 1% in 2019. Label. a SAM for South Africa in 2015, constructed using data from Statistics South Africa. for Africa’s Development (NEPAD) and the sector’s prominence in the region is evident in its contribution to total GDP, which is generally high in the global context. Year 2011 2016 2017 2020 2025 Period Average (2011–2025) Nigeria 50.73 48.37 47.70 46.99 46.11 47.93 Agriculture performance. Economy 2020. GDP From Agriculture in Nigeria decreased to 3677153.49 NGN Million in the first quarter of 2020 from 5093983.13 NGN Million in the fourth quarter of 2019. The other product contribution made by agriculture for the development of the non-agricultural sectors of the economy, especially the secondary sector, is in the form of provision of raw materials. Data from the Bureau of Economic Analysis’ Value Added by Industry series, recently released by USDA’s Economic Research Service, indicates that – on a broad level – agriculture contributed a record-high $1.05 trillion to U.S. gross domestic product in 2016, up $35 billion, or 6 percent, from the prior year. Mintek has done a research report on Minerals in KwaZulu-Natal. Mining contributes around 6.5% of South Africa's GDP and is the country's largest single private employer (500 000 people), with small-scale mining operations making a significant contribution to job creation. South Africa’s Forest Industry is a multi-billion Rand Industry, responsible for 9.8% of the country’s agricultural Gross Domestic Product (GDP) and 4.9% of South Africa’s manufacturing GDP. Economically active population: South Africa. About 70% of the region's population depends on agriculture for food, income and employment. Received: 9 February 2020; Accepted: 28 February 2020; Published: 25 March 2020 Abstract: The practice of pasture-based livestock farming systems in South Africa is susceptible to climate-related events, low production output, income fluctuation, and by … Over the past two decades, steady economic growth and increased average income in South Africa resulted in the rapid expansion of meat consumption. The South African economy recorded its third consecutive … Agricultural Percentage contribution to the GDP of South Africa decreased e.g. The agricultural sector contributed around 10 percent to South Africa’s total export earnings in FY 2019 at a value of $10.7 billion. GDP From Agriculture in Ghana decreased to 9554.50 GHS Million in the first quarter of 2021 from 9602.80 GHS Million in the fourth quarter of 2020. a positive contributor to the country’s GDP growth with an increase of 28.6%, becoming the strongest performer (15.1%) in the second quarter of 2020 despite the unpleasant conditions of COVID-19 pandemic. South Africa’s chicken meat market – which has a predominantly lower-income consumer base – is typified by 3 fundamental features. Statistics South Africa is set to conduct a countrywide Census of Commercial Agriculture from 15 October 2018. Thesis: MScAgric December 2012 The importance of the agricultural sector in the South African economy is Stats SA (2010) shows that most economic sectors, including the agriculture sector 1 , have shed a substantial number of jobs between 2008 and 2010 as a result of the recession. copy the link link copied! Agricultural economy spiral. On historical, theoretical and empirical grounds, there is little controversy regarding the role of SMEs in the national economy SMEs play an important role in the South African economy. However, it is the most industrialized, technologically advanced, and diversified economy on the African continent. Commitments made to the IMF in return for a rapid financing will also add impetus to reforms in the face of resistance from vested interests. The OECD Council at Ministerial level adopted a resolution on 16 May 2007 to strengthen the co-operation with South Africa, as well as with Brazil, China, India and Indonesia, through a programme of enhanced engagement. South Africa needs to create more than three million jobs for young people by 2020 and the National Development Plan (NDP) estimates that the country will need to create an additional 11 million jobs by 2030. A few weeks back we noted that it is almost certain that South Africa’s agricultural economy will contract in 2019, mainly as a result of the poor summer crop harvest coming after a drought. Following a good start to 2020 with first quarter agriculture GDP rebounding strongly by 28.6% quarter-on-quarter (q/q) seasonally adjusted annualised, the sector posted another impressive growth of 15% in the second quarter of 2020 which made it the only positive contributor with a 0.3 of a percentage point. The level of production was 1,3% lower in 2019 than 2018, which in turn was 2,1% lower than 2017. 5% increase on year on year. SADC total trade has followed a similar pattern to total world trade. Agriculture’s negative contribution to the disastrous GDP figure driven mainly by drought. License : CC BY-4.0. November 17, 2020. South Africa and the OECD. Line Bar Map. A 2% increase in the demand for chicken meat to 1.93 million tonnes is forecast for 2020. The SAM depicts the economy as an inter-related system or network of transactions and illustrates the full circular flow of income in the economy in a highly disaggregated way.