ECS2603
ASSIGNMENT 2 SEMESTER 2 2025
UNIQUE NO. 870653
DUE DATE: 15 AUGUST 2025
, South African Economic Indicators
Question 1 – Comparative Analysis of Growth Rates in South Africa and Sub-
Saharan Africa (2013–2023)
1. Introduction
Economic growth monitoring is vital for assessing a country’s economic health, guiding
policy-making, and attracting investment. In both South Africa (SA) and Sub-Saharan
Africa (SSA), it serves as a key tool for measuring changes in the production of goods
and services over time. Growth is measured using the real GDP growth rate, which
adjusts for inflation to reflect actual increases or decreases in economic output (World
Bank, 2025).
2. GDP Growth Rates: SA vs SSA (2013–2023)
Year South Africa (%) Sub-Saharan Africa (%)
2013 1.4 5.17
2014 1.3 4.88
2015 0.7 2.87
2016 0.3 1.25
2017 1.2 2.50
2018 1.5 2.75
2019 0.3 2.67
2020 -6.3 -2.00
2021 4.9 4.33
ASSIGNMENT 2 SEMESTER 2 2025
UNIQUE NO. 870653
DUE DATE: 15 AUGUST 2025
, South African Economic Indicators
Question 1 – Comparative Analysis of Growth Rates in South Africa and Sub-
Saharan Africa (2013–2023)
1. Introduction
Economic growth monitoring is vital for assessing a country’s economic health, guiding
policy-making, and attracting investment. In both South Africa (SA) and Sub-Saharan
Africa (SSA), it serves as a key tool for measuring changes in the production of goods
and services over time. Growth is measured using the real GDP growth rate, which
adjusts for inflation to reflect actual increases or decreases in economic output (World
Bank, 2025).
2. GDP Growth Rates: SA vs SSA (2013–2023)
Year South Africa (%) Sub-Saharan Africa (%)
2013 1.4 5.17
2014 1.3 4.88
2015 0.7 2.87
2016 0.3 1.25
2017 1.2 2.50
2018 1.5 2.75
2019 0.3 2.67
2020 -6.3 -2.00
2021 4.9 4.33
