GDP Q2 StatsSA P0441 Flashcards

Key findings as well as some basic theory important to understand the document

1
Q

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.

A

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%

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2
Q

What were the largest positive contributors to the GDP’s growth (on the production side)?

A
  • Mining industry
  • finance, real estate and business services industry
  • trade, catering and accommodation industry
  • general govt services industry
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3
Q

By how much did the mining industry increase and how much did this contribute to GDP growth?

A

Mining industry increased by 14.4% and contributed 1.0 percentage point to GDP growth

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4
Q

By how much did the finance, real estate and business services industry increase by and how much did this contribute to GDP growth?

A

The finance, real estate and business services industry increased by 4,1% and contributed 0,9 of a percentage point

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5
Q

By how much did the trade, catering and accommodation industry increase by and how much did this contribute to GDP growth?

A

The trade, catering and accommodation industry increased by 3,9% and contributed 0,5 of a percentage point.

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6
Q

By how much did the general government services industry increase by and how much did this contribute to GDP growth?

A

General government services increased by 3,4% and contributed 0,5 of a percentage point.

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7
Q

What sector was not seen which is worrisome that it was not seen as?

A

Manufacturing which is employment intensive

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8
Q

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

A

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

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9
Q

What were the largest positive contributors to the GDP’s growth (on the expenditure side)?

A
  • Household final consumption
  • Government final consumption
  • Gross fixed capital formation
  • Changes in inventories
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10
Q

By how much did the Household final consumption increase and how much did this contribute to GDP growth?

A

Household final consumption expenditure increased by 2,8% in the second quarter of 2019, contributing 1,7 percentage points to total growth.

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11
Q

By how much did the Household final consumption increase and how much did this contribute to GDP growth?

A

Government final consumption expenditure increased by 2,8%, contributing 0,6 of a percentage point.

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12
Q

By how much did the Gross fixed capital formation increase and how much did this contribute to GDP growth?

A

Gross fixed capital formation increased by 6,1%, contributing 1,1 percentage points.

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13
Q

By how much did the Changes in inventories increase and how much did this contribute to GDP growth?

A

Gross fixed capital formation increased by 6,1%, contributing 1,1 percentage points.

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14
Q

By how much did the imports increase and by how much did exports decrease; and how much did this contribute to GDP growth?

A

Exports decreased by 0,7% and imports increased by 18,8%. Net exports contributed -5,6 percentage points to total growth.

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