How Sex Workers, Zama Zamas and E-Hailing Added Billions to South Africa’s New GDP

How sex workers, zama zamas and e-hailing added billions to South Africa’s new GDP

Statistics South Africa (Stats SA) has officially updated the nation’s economic baseline, shifting the reference year from 2015 to 2022 and expanding coverage of the shadow economy. The benchmarking exercise increased South Africa’s 2022 gross domestic product (GDP) by 4.9%, raising total output from R6 667 billion to R6 990 billion at current prices. While formal financial services drove the largest overall rand gain, an expanded statistical me…

South Africa's GDP R324 billion bigger than ANYONE knew

Stats SA has revised South Africa’s GDP upwards by 4.9% for 2022, citing improved data, changes to industry weightings and better measurement of illegal and informal economic activity.

South African economy 5% bigger after rebasing, moving further ahead of Nigeria

South Africa Economy 4.9% Bigger Than Thought After Rebasing

South Africa’s economy grows 4.9% on paper after statisticians revise how GDP is measured

South Africa's economy is larger than previously estimated after Statistics South Africa revised the way it measures economic activity. The rebasing exercise increased the estimated value of the country's gross domestic product in 2022 from R6.7-trillion to approximately R7-trillion.The revision does not mean the country...

GDP rebasing finds SA's economy is 4.9% larger: StatSA - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

The GDP rebasing exercise lifted the measured size of the economy in 2022 to R6.99 trillion.