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Agriculture one of largest contributors to SA’s Q3 GDP

Statistics South Africa on Tuesday announced that GDP has grown by 2%, down from the previous quarter.

FILE: Picture: EWN.

JOHANNESBURG - One of the largest contributors to the gross domestic product (GDP) growth in the third quarter was agriculture.

Statistics South Africa on Tuesday announced that GDP has grown by 2%, down from the previous quarter.

Economist Thabi Leoka says despite the agriculture sector having to recover from the recent drought, its contributed a whopping 44.2% to GDP growth.

“It’s significantly contributed to the first quarter GDP growth. We’ve also seen mining contributing positively to these quarterly growths, and manufacturing and finance. Those are the four main contributors to growth.”