Trends in GDP growth - Value add in mining, manufacturing, construction, utilities Value add in other industries

In these circumstances, the 0.1% downturn in services and retail in the second half of 2019 meant the economy as a whole contracted. [...] As a result of the relatively slow growth in the real economy, its share in the GDP fell from 30% in 2010 to 27% in 2019. [...] On the fiscal side, the budget has not been cut, and from 2018 a jump in spending in real terms means the deficit increased from 4% to 7% of the GDP. [...] The rise partially reflected higher nominal rates as the Reserve Bank reacted to the depreciation of the rand following the sharp fall in export prices. [...] The increase in the intensity of droughts as a result of the climate crisis also contributed to slower growth in the past five years.