ECS2603
ASSIGNMENT 2 SEMESTER 2 2025
UNIQUE NO. 870653
DUE DATE: 15 AUGUST 2025
, ECS2603 – Assessment 2 – Semester 2 – 2025
Unique Number: 870653
Student Number:
Name:
Question 1: Comparative Analysis of Growth Rates in South Africa and Sub-
Saharan Africa (2013–2023)
1. Introduction
Monitoring economic growth is essential for understanding a country’s development
trajectory, guiding macroeconomic policy, and benchmarking performance against
peers. In South Africa (SA) and the broader Sub-Saharan African (SSA) region, GDP
growth is a key indicator of economic health. Real GDP growth is measured as the
percentage change in the value of goods and services produced in constant prices from
one year to the next. This metric excludes the effects of inflation, enabling accurate
comparisons across years and between countries. Tracking growth allows policymakers
to identify economic strengths and weaknesses, assess resilience to shocks, and
design reforms to close performance gaps.
2. Annual Growth Rates for South Africa and SSA (2013–2023)
Sub-Saharan Africa (SSA) growth rates – World Bank data (provided in scenario):
Year SSA Growth (%)
2013 5.17
2014 4.88
ASSIGNMENT 2 SEMESTER 2 2025
UNIQUE NO. 870653
DUE DATE: 15 AUGUST 2025
, ECS2603 – Assessment 2 – Semester 2 – 2025
Unique Number: 870653
Student Number:
Name:
Question 1: Comparative Analysis of Growth Rates in South Africa and Sub-
Saharan Africa (2013–2023)
1. Introduction
Monitoring economic growth is essential for understanding a country’s development
trajectory, guiding macroeconomic policy, and benchmarking performance against
peers. In South Africa (SA) and the broader Sub-Saharan African (SSA) region, GDP
growth is a key indicator of economic health. Real GDP growth is measured as the
percentage change in the value of goods and services produced in constant prices from
one year to the next. This metric excludes the effects of inflation, enabling accurate
comparisons across years and between countries. Tracking growth allows policymakers
to identify economic strengths and weaknesses, assess resilience to shocks, and
design reforms to close performance gaps.
2. Annual Growth Rates for South Africa and SSA (2013–2023)
Sub-Saharan Africa (SSA) growth rates – World Bank data (provided in scenario):
Year SSA Growth (%)
2013 5.17
2014 4.88
