GDP Q2 StatsSA P0441 Flashcards
Key findings as well as some basic theory important to understand the document
By how much did real GDP on the production side rise by in the second quarter? What was the previous quarter’s gdp?
Contrast these figures and highlight a common mistake made by laymen.
It rose by 3.1% after a decrease of 3.1% in Q1 2019.
A layman may think that Q2’s increase is a complete negation of Q1’s decrease but this rate is Q-O-Q which means that after decreasing by 3.1% the economy would have been at 96.9% so a 3.1% increase would only be 99.9%
What were the largest positive contributors to the GDP’s growth (on the production side)?
- Mining industry
- finance, real estate and business services industry
- trade, catering and accommodation industry
- general govt services industry
By how much did the mining industry increase and how much did this contribute to GDP growth?
Mining industry increased by 14.4% and contributed 1.0 percentage point to GDP growth
By how much did the finance, real estate and business services industry increase by and how much did this contribute to GDP growth?
The finance, real estate and business services industry increased by 4,1% and contributed 0,9 of a percentage point
By how much did the trade, catering and accommodation industry increase by and how much did this contribute to GDP growth?
The trade, catering and accommodation industry increased by 3,9% and contributed 0,5 of a percentage point.
By how much did the general government services industry increase by and how much did this contribute to GDP growth?
General government services increased by 3,4% and contributed 0,5 of a percentage point.
What sector was not seen which is worrisome that it was not seen as?
Manufacturing which is employment intensive
By how much did real GDP on the expenditure side rise by in the second quarter? What was the previous quarter’s gdp?
Contrast the
Expenditure on real gross domestic product increased by 3,0% in the second quarter of 2019, following a decrease of 3,4% in the first quarter of 2019.2
What were the largest positive contributors to the GDP’s growth (on the expenditure side)?
- Household final consumption
- Government final consumption
- Gross fixed capital formation
- Changes in inventories
By how much did the Household final consumption increase and how much did this contribute to GDP growth?
Household final consumption expenditure increased by 2,8% in the second quarter of 2019, contributing 1,7 percentage points to total growth.
By how much did the Household final consumption increase and how much did this contribute to GDP growth?
Government final consumption expenditure increased by 2,8%, contributing 0,6 of a percentage point.
By how much did the Gross fixed capital formation increase and how much did this contribute to GDP growth?
Gross fixed capital formation increased by 6,1%, contributing 1,1 percentage points.
By how much did the Changes in inventories increase and how much did this contribute to GDP growth?
Gross fixed capital formation increased by 6,1%, contributing 1,1 percentage points.
By how much did the imports increase and by how much did exports decrease; and how much did this contribute to GDP growth?
Exports decreased by 0,7% and imports increased by 18,8%. Net exports contributed -5,6 percentage points to total growth.