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GDP up 3.2%

South Africa's Gross Domestic Product (GDP) in the fourth quarter of 2009 grew by 3.2%, Statistics South Africa (Stats SA) announced on Tuesday, 23 February 2010.

23 Feb 2010

“The seasonally adjusted real GDP at market prices for the fourth quarter of 2009 increased by an annualised rate of 3.2% compared with the third quarter of 2009,” said Stats SA.

In the third quarter the economy grew by 0.9% signaling that South Africa was technically out of its first recession in 17 years.

Source: SAnews.gov.za

SAnews.gov.za is a South African government news service, published by the Government Communication and Information System (GCIS). SAnews.gov.za (formerly BuaNews) was established to provide quick and easy access to articles and feature stories aimed at keeping the public informed about the implementation of government mandates.

Go to: http://www.sanews.gov.za

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