Afrique du Sud Croissance Du Pib

The South African economy grew by just 0.1% on quarter in Q1 2025, following a downwardly revised 0.4% increase in the previous quarter, while analysts predicted stagnation. Four out of ten industries registered growth, with agriculture (+15.2%) contributing the most, followed by transport (+2.4%), trade (+0.5%) and finance (+0.2%). Manufacturing and mining and quarrying were the biggest drags, declining by 2.0% and 4.1%, respectively, mainly due to persistent inefficiencies in the country's vital infrastructure. On the demand side, growth was positively influenced by household consumption (+0.4%), and inventories. Net trade, however, contributed negatively to expenditure on GDP, as the 1% growth in exports was outpaced by a 2% increase in imports. Fixed investment contracted by 1.7% and government spending fell 0.1%. On a yearly basis, the GDP expanded by 0.8% in Q1, maintaining the same pace as Q4, which marked the strongest growth in a year.