ECS2603
Assignment 2
Unique No:870653
Due 15 August 2025
,Question 1 – Comparative Analysis of Growth Rates in South Africa and Sub-
Saharan Africa (2013–2023)
1. Introduction
Tracking economic growth is an essential part of evaluating a country’s overall
economic performance. It informs policy decisions, influences investor confidence, and
reflects changes in the volume of goods and services produced over time. In both South
Africa (SA) and Sub-Saharan Africa (SSA), real GDP growth rates are used for this
purpose. These rates adjust for inflation, giving a more accurate picture of whether
economic output is genuinely expanding or contracting (World Bank, 2025).
2. GDP Growth Rates: SA vs SSA (2013–2023)
, South Africa Sub-Saharan Africa
Year (%) (%)
201 1.4 5.17
3
201 1.3 4.88
4
201 0.7 2.87
5
201 0.3 1.25
6
201 1.2 2.50
7
201 1.5 2.75
8
201 0.3 2.67
9
202 -6.3 -2.00
0
202 4.9 4.33
1
202 2.1 3.65
2
202 0.6 2.80
3
Assignment 2
Unique No:870653
Due 15 August 2025
,Question 1 – Comparative Analysis of Growth Rates in South Africa and Sub-
Saharan Africa (2013–2023)
1. Introduction
Tracking economic growth is an essential part of evaluating a country’s overall
economic performance. It informs policy decisions, influences investor confidence, and
reflects changes in the volume of goods and services produced over time. In both South
Africa (SA) and Sub-Saharan Africa (SSA), real GDP growth rates are used for this
purpose. These rates adjust for inflation, giving a more accurate picture of whether
economic output is genuinely expanding or contracting (World Bank, 2025).
2. GDP Growth Rates: SA vs SSA (2013–2023)
, South Africa Sub-Saharan Africa
Year (%) (%)
201 1.4 5.17
3
201 1.3 4.88
4
201 0.7 2.87
5
201 0.3 1.25
6
201 1.2 2.50
7
201 1.5 2.75
8
201 0.3 2.67
9
202 -6.3 -2.00
0
202 4.9 4.33
1
202 2.1 3.65
2
202 0.6 2.80
3
