Opinion - SA agriculture is one of the bright spots of the economy in 2020, . farming in the more arid regions. Despite its relatively small share of the total GDP, primary agriculture is an important sector in the South African economy. Compared to the rest of Africa, South Africa has by far the most modern, productive and diverse agricultural economy. Books. South Africa has a highly diversified agricultural sector which includes the production of all the major grains (except rice), oil seeds, deciduous and subtropical fruits, sugar, citrus, wine, most vegetables, cattle, dairy, pigs, sheep, broilers, ostriches and eggs. The South African economy began to slow from 2017 through 2019 and turned negative in 2020. Capital market. South Africa is an upper-middle-income economy, one of only eight such countries in Africa. The well-developed commercial farming in South Africa is the backbone to the country's agricultural economy. Public finance. South Africa showed stronger-than-expected growth in the fourth quarter, leaving the economy 1.5% larger in the fourth quarter than in the third. The . Leading categories include: tree nuts ($127 million . Today, the economy and workforce of this country rely on several sectors, including: agriculture and food processing, tourism, financial services, services industry, business process outsourcing, and industrial manufacturing and mining. Economy grew by 4.9% in 2021. South Africa's gross domestic product (GDP) for 2021 increased by 4.9% in 2021, compared with a contraction of 6.4% in 2020. . In 2021, the agriculture, forestry, and fishing industry in South Africa contributed an added value of nearly 129 billion South African Rand (roughly 8.51 billion U.S. In South Africa, this will be a major spoke in the wheel of government's ambition to increase employment in agriculture and agro-processing by a million jobs by 2030. Achieving the Millennium Development Goals on poverty in Southern Africa will . Contribution of agriculture to GDP of South Africa Gross domestic product (GDP) measures the value of goods and services produced within a country's borders, by citizens and non-citizens alike for a specific period e.g. License : CC BY-4.0. JOHANNESBURG - Agriculture is an important sector of the South African economy despite its meagre contribution to the gross domestic product (GDP) in strict terms. South Africa GDP Drop Makes Recession The Longest Since 1992. The countries with the highest Agriculture % of GDP are Liberia, Somalia, Guinea-Bissau, Central African Republic, Comoros with a(n) Agriculture % of GDP of (77), (59), (58), (57), (51) % respectively. The countries with the highest Agriculture % of GDP are Liberia, Somalia, Guinea-Bissau, Central African Republic, Comoros with a (n) Agriculture % of GDP of (77), (59), (58 . Figure ES2: Impacts on value added for broad industries for the full shock, as percentage deviations South Africa's agricultural sector is one of the world's most diverse, consisting of corporate and private intensive and extensive crop farming systems, including vegetable, fruit, nuts and grain production. 19 What drives the South African economy? Growth resumed in 2021. To promote this outcome, the continent must review its incentive structures. In 2020, agriculture had contributed around 2.53 . Agriculture is the one sector of the economy that maintained positive growth momentum in 2020 and into 2021, which policymakers identified as part of the sectors to drive economic recovery and job creation. 10 Why agriculture is important in South Africa? By Thulasizwe Mkhabela. 12 What products are imported to South Africa? South Africa has a well-developed agricultural sector, which will stand the country in good stead in the face of continuing uncertainty both economically and in terms of the weather. Voted #1 site for Buying Textbooks. South Africa's overall GDP increased 1,2% from just over R4,45 trillion in the third quarter of 2021 to more than R4,5 trillion in the fourth quarter, Stats SA said. from 16.5% in 1951 to 3.2% in 2007. South Africa has a highly diversified agricultural sector which includes the production of all the major grains (except rice), oil seeds, deciduous and subtropical fruits, sugar, citrus, wine, most vegetables, cattle, dairy, pigs, sheep, broilers, ostriches and eggs. Mpumalanga accounts for 13.1% of South Africa's agricultural production (Sihlobo, 2019). To advance the Comprehensive Africa Agriculture Development Program, USAID partnered with the University of Pretoria Food Security Unit to train over 250 senior leaders from government, the private sector, NGOs and research organizations in 10 African countries. Growth is projected to rebound to 5.2% in 2021 before slowing to 1.9% in 2022 and 1.6% in 2023. Thesis: MScAgric December 2012 The importance of the agricultural sector in the South African economy is Cannabis Master Plan Social protests in July halted a relatively strong rebound in activity. SOUTH Africa's agricultural sector is forecast to continue defying unprecedented economic and health crises. To get to the real GDP in 2018, the South African nominal GDP in 2018 was being multiplied by a 2010 price index. The overall good export revenue was underpinned . The theory advocates for a co-existence of commercial and emerging farmers to promote the agricultural and food sectors on a new growth trajectory that can ultimately contribute to taking South Africa's economy out of the "Middle Income" trap. A wide range of indicators on agriculture, development, economy, education, energy, environment, finance, government, health, innovation and technology, jobs and society. Agriculture is central to fostering economic growth, reducing poverty, and improving food security in the Southern African region. Feb 15, 2022. GDP From Agriculture in South Africa averaged 83122.58 ZAR Million from 1993 until 2021, reaching an all time high of 143560.54 ZAR Million in the second quarter of 2021 and a record low of 43536.51 ZAR Million in the first quarter of 1993. Each sector is differently affected by changes in agricultural production and prices. Economy grew by 4.9% in 2021. This AAMP is complementary to the Poultry and Sugar Master plans. About 12% of South Africa's surface area can be used for crop production. a year. There are some signs of hope. Agriculture flourished in 2020. The economy of South Africa is the third largest in Africa and the most industrialized, technologically advanced, and diversified economy in Africa overall. GDP From Agriculture in South Africa increased to 127960.15 ZAR Million in the fourth quarter of 2021 from 114030.79 ZAR Million in the third quarter of 2021. South Africa. The statistic shows the national debt of South Africa from 2016 to Using South Africa as a case study, it - like the world - has become a fundamentally better place as time progresses. License : CC BY-4.0. to ensure a healthy agricultural industry that contributes to the country's gross domestic product (GDP), food security, social welfare, job creation and . Household consumption is supported by government social transfers and a drawdown of . World Bank national accounts data, and OECD National Accounts data files. 13 What is the main crop in South Africa? Agriculture's percentage share in South Africa's economy is relatively small and is constantly dropping as the latter expands and diversifies. Contraction in agriculture and mining drove slow growth in 2019. PRETORIA, March 8 (Reuters) - South Africa's economy expanded in the final quarter of last year driven by a . The economy of South Africa was revolutionized in the late 19th century when diamonds and gold were discovered there. . South Africa is currently in its rebuilding phase from the economic shocks of Covid-19. The Agriculture in Africa 2021: Focus Report outlines the region's export potential and food security challenges, and explores how the creation of the African . Liberia's Agriculture % of GDP is 13 times higher than the average Agriculture % of GDP of the world. State of the agricultural sector in South Africa' economy. The Census of Commercial Agriculture 2017 has Mpumalanga with 2 823 farms (7,0%) and contributing R38,4 billion or 11,6% to agricultural income (Stats SA, 2020). The South African GDP advanced by 1.2% on quarter in the three months to December of 2021, following an upwardly revised 1.7% contraction in the previous period and slightly below market estimates of a 1.3% rise. Which province contributes the most to South Africa's economy. % of GDP 2020 South Africa (red), OECD - Total (black) Long-term interest rates Indicator: 10.1 Total % per annum Apr-2022 South Africa % per annum: Total % per annum Sep-2020-Apr-2022 South Africa (red) Total % per annum Mar-2022 South Africa (red) Pension funds' assets Indicator: 171 499.7 Total Million US dollars 2020 South Africa Million US . There are many factors impacting on the . Russia's invasion of Ukraine will negatively affect South Africa, mainly via the indirect channel of elevated food and fuel prices. Agriculture drives Q4 2021 GDP growth of 1.2% q/q. . Concept coverage is otherwise identical. Agricultural Percentage contribution to the GDP of South Africa decreased e.g. Agriculture contracted 4.8% and mining 1.7% in 2018. However, GDP growth will still be strong in 2021 driven by exports and household consumption. Summary The world's average Agriculture % of GDP is equal to 6.0 % Liberia's Agriculture % of GDP is 13 times higher than the average Agriculture % of GDP of the world. 012 319 7141 E-mail: NinaVD@dalrrd.gov.za This edition of the Abstract of Agricultural Statistics contains South African agricultural statistics of major importance that were available up to December 2019 . The South African economy has faced challenges in the recent times with Gross Domestic Product (GDP) declining by 2% quarter-on-quarter . Besides erratic weather, a protracted debate about land reform weighed on . Gross Domestic Product (GDP) grew by an estimated 13,5% in the third quarter, giving an annualised growth rate of 66,1%. Western Cape: 13.86%. South Africa's economy bounced back in the third quarter (July to September) of 2020, coinciding with the easing of corona virus (COVID-19) lockdown restrictions. Or which province in South Africa has the biggest economy. More than 70 percent of the rural population depends on agriculture for their livelihoods, and regional economic growth has been constrained by poor performance in the agriculture sector. South Africa: Agriculture Weathers SA's Economic, Covid-19 Storms - allAfrica.com Search It has a vibrant cultural diversity and a spectacular range of vegetation types, biodiversity, . Since the onset of the crisis, South Africa's aggregate GDP growth averaged 2.2% annually, with the construction, government, finance, agriculture and trade sectors outpacing this average rate of expansion. And prices change, not only because of inflation, but also because of changes in . Five out of ten activities recorded growth in production, notably agriculture, forestry and fishing (12.2%), on increased production of animal products; trade, accommodation and . This statistic shows the distribution of the gross domestic product (GDP) across economic sectors in South Africa from 2010 to 2020. Real gross domestic product (GDP) grew by 1,2%1 in the fourth quarter (October-December), taking the annual growth rate for 2021 to 4,9%. The South African Agricultural Economic Fact Sheet has been updated to include calendar year 2020. 14 What is South Africa famous for? Monetary developments, interest rates and financial markets. This sector's potential is also . Summary The world's average Agriculture % of GDP is equal to 6.0 %. Rent or Buy The Challenge of Change Agriculture, Land and the South African Economy - 9781869140328 by Nieuwoudt, Lieb for as low as $33.55 at eCampus.com. Bilateral agricultural trade between the United States and South Africa is expected to decrease by seven percent to US$700 million in 2020, after a record level of US$753 were reached in 2019. However, the source has not revised history, resulting in a break in the method from 2015Q1. Foreign trade and payments. The index measures the amount of human capital that a child born today can expect to attain by age 18, given the risks of poor health and poor . WHILE some work is needed to further expand South Africa's agriculture sector, access constraints to some export markets continue to present a threat to its growth, according to Agricultural . World Bank national accounts data, and OECD National Accounts data files. Paul Makube, senior agricultural economist at FNB, said agriculture's 12,2% quarter-on-quarter growth was "impressive" after the surprising decline of 1,5% from R143,561 . South Africa recorded an agriculture trade surplus of US$1.5 million which is 40% ahead of the same period in 2020. South Africa's agricultural sector is one of the world's most diverse, consisting of corporate and private intensive and extensive crop farming systems, including vegetable, fruit, nuts and grain production. Agriculture's most important contribution is obviously that of providing employment. The forestry industry is one of the strategic economic sectors . With post-harvest activities taken into account, agriculture-related industry accounts . Agriculture drives Q4 2021 GDP growth of 1.2% q/q. The Role of the Agricultural Sector in the South African Economy J.C. Greyling Department of Agricultural Economics, University of Stellenbosch, Private Bag X1, Matieland 7602, South Africa. Directorate Statistics and Economic Analysis Private Bag X246 PRETORIA 0001 Published in the Republic of South Africa by . Agriculture averages 24% of GDP across the continent. PRETORIA, March 8 (Reuters) - South Africa's economy expanded in the final quarter of last year driven by a . The Human Capital Index (HCI) database provides data at the country level for each of the components of the Human Capital Index as well as for the overall index, disaggregated by gender. Unemployment affects 32 percent of the active population (RSA, 2013). Agriculture remains one of the most important economic sectors for the continent, employing the majority of the population and accounting for 14% of GDP in sub-Saharan Africa. The well-developed commercial farming in South Africa is the backbone to the country's agricultural economy. This follows a 36% y/y spike in total agriculture exports in quarter two of 2021 at US$3.2 billion, bringing the total 1H2021 export value to US$6.1 billion which is 30% higher y/y. The source writes: The analysis focuses on four key areas: Domestic economic developments. Our GDP is 2.5 times the size it was in 1994 on a dollar basis; formal housing has increased by 131% from 1996 to 2016; new HIV infections are down 60% from 1999-2016; and the murder rate per 100,000 is down 50% from 1994 to . The summary below shows the contribution various provinces make to South Africa's total GDP (as at end 2017) Gauteng: 34.82%. South Africa (SA), as one such economy, must therefore foster a healthy agricultural industry that contributes to the country's gross domestic product (GDP), food security, social welfare, job creation and ecotourism, while adding value . South Africa Economic Outlook Real GDP grew at an estimated 0.7% in 2019, down from 0.8% in 2018, and is projected to rise to 1.1% in 2020 and 1.8% in 2021 amid domestic and global downside risks. WHILE some work is needed to further expand South Africa's agriculture sector, access constraints to some export markets continue to present a threat to its growth, according to Agricultural . Bilateral agricultural trade between the United States and South Africa is expected to decrease by seven percent to US$700 million in 2020, after a record level of US$753 were reached in 2019. U.S. total imports of agricultural products from South Africa totaled $389 million in 2019. This represents the size of South Africa's economy divided by the number of people who live in the country. 11 What are South Africa major imports and exports? Furthermore, successful collaboration between the government and the private sector (agricultural industries) to keep agriculture operational since the outset of the Covid-19 pandemic and the lockdown, and long-term export market development efforts continue to pay off for the South Africa . in South Africa, with a significant contribution towards economic Due to the aridity of the land, only 13.5 percent can be used for crop production, and only 3 percent is considered high potential land. Despite the impact of the pandemic on economic growth, there was one shining star in 2020. . KwaZulu-Natal: 16.05%. Economic Survey of South Africa 2020. I recently came across the statement that "Agriculture is the foundation of developing economies" [1] - a sentiment with which I largely agree. In 2014, the gross domestic product (GDP) was US$ 350 billion (current US$), with an annual growth of 1.5 percent, down from over 5 percent in 2005. of agriculture's value added to GDP increased from 2,2% in 2010 to 2,3% in 2020. However, there has been a greater integration of agriculture within the economy during the 1990s as a result of the liberalisation of many aspects of the . This is largely due to agriculture coming off a very low base, thanks to . Following 1996, at the end of over twelve years of international sanctions, South Africa's Gross Domestic Product (nominal) almost tripled to its . ECONOMY, AGRICULTURE AND FOOD SECURITY The South African economy is largely based on services, manufacturing and mining. The fourth quarter was upbeat, with personal services, trade, manufacturing and agriculture the key drivers of growth. Mining, agriculture and manufacturing recorded the highest growth rates in 2021, with finance, personal services and . Major agricultural products traded between the two . A . The World Bank projects that agriculture and agribusiness in Africa will grow to be a US$1 trillion industry in Africa by 2030. . Livestock production includes cattle, dairy, hogs, sheep, and a well-developed poultry and egg industry. Agriculture, forestry, and fishing, value added (% of GDP) - South Africa. The SA consumers of 2021 were definitely not the same consumers of 2019, and showed drastic behavioural changes. exports thus sustaining positive growth in the economy. The province borders Mozambique and Swaziland. In turn, the mining and electricity sectors recorded contractions, on average, over the period 2008 to 2012.Z . Extensive investment from foreign capital followed. Agriculture remains a significant provider of employment, especially in the rural areas and a major earner of foreign exchange. For South Africa, the Bureau for Economic Research (BER) expects a contraction in GDP of 9.5% in 2020, with a modest . . 24 Public-private partnership projects executed, selected Southern African countries 39 Tables 1 GDP in Africa, by region, 2010-20 4 2 GDP growth, by country, 2008-20 5 3 Average sectoral contributions to GDP, by country, 2010-18 9 4 Regional expenditure patterns 10 5 Average consumer inflation, by country, 2008-20 12 After a deep contraction in real GDP in 2020, a slow recovery from 2021 onwards will help to restore investor confidence and activity across key sectors. As has been the trend in South Africa's GDP of late, the Agricultural sector is the major contributor to South Africa's economic growth at this time, with seasonally adjusted constant prices annualised growth in Agriculture sitting at 44.2% for the third quarter of 2017. The statistical section is organized along eight major categories: Money and banking. During the same half-decade, economic freedom has declined. The percentage share of the agricultural industry in the South African economy is relatively small and continues to decline as the economy grows. With the release of 2015Q1 data, Statistics South Africa began reporting estimates based on a new master sample (designed in 2013 using 2011 census data). South Africa has a market-oriented agricultural economy that is highly diversified and includes the production of all the major grains (except rice), oilseeds, deciduous and subtropical fruits, sugar, citrus, wine, and most vegetables. 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