A discount sign is seen at a mall in Johannesburg, South Africa, March 10, 2021. (Xinhua/Chen Cheng)
South Africa says that its gross domestic product (GDP) increased by 1.2 percent quarter-on-quarter in the fourth quarter of 2021, bringing the annual economic growth to 4.9 percent.
JOHANNESBURG, March 9 (Xinhua) -- South Africa's gross domestic product (GDP) increased by 1.2 percent quarter-on-quarter in the fourth quarter of 2021, bringing the annual economic growth to 4.9 percent, said Statistician-General Risenga Maluleke Tuesday.
A staff hangs a discount sign at a mall in Johannesburg, South Africa, March 10, 2021. (Xinhua/Chen Cheng)
Maluleke said mining, agriculture and manufacturing recorded the highest growth rates of 11.8 percent, 8.3 percent and 6.6 percent, respectively. The annual increase, however, was primarily led by higher economic activity in finance, personal services and manufacturing which contributed 0.9 percentage points, 0.8 percentage points and 0.8 percentage points to the growth, respectively.
Maluleke pointed out that despite the growth, the economy was still sitting at a level similar to that of the third quarter of 2017.
The country's economy contracted by 6.4 percent in 2020. ■
