The outcome of the benchmark and rebased GDP: Implications for the Eastern Cape
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Published - 06 Dec 2021
Author:
Dr. Kambale Kavese
South Africa’s GDP is actually 11% bigger than previously recorded, but this adjustment does not mean that GDP growth has improved. In RSA, All the annual GDP figures were adjusted by less than 1%, except for 2020, when the GDP of -7% was changed to -6,4%
For the Eastern Cape, in 2020, GDP growth rate remained uncharged at -5.6%. Government lost its first position. Finance is now the main contributor to GDP followed by Community services and Trade.
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