The latest gross domestic product rebasing exercise by Statistics South has found that South Africa's economy is 4,9-percent larger than previously estimated. The benchmarking and rebasing exercise lifted the measured size of the economy in 2022 to 6,99-trillion.  Stats SA has indicated that the new benchmarking methodology prioritises reclassified industries and the non-observed economy which has added 8,7-percent to GDP among other considerations.  SABC Economics Reporter Naledi Mabitsela-Ngcobo filed this report.

<p>The latest gross domestic product rebasing exercise by Statistics South has found that South Africa's economy is 4,9-percent larger than previously estimated. The benchmarking and rebasing exercise lifted the measured size of the economy in 2022 to 6,99-trillion. &nbsp;Stats SA has indicated that the new benchmarking methodology prioritises reclassified industries and the non-observed economy which has added 8,7-percent to GDP among other considerations. &nbsp;SABC Economics Reporter Naledi Mabitsela-Ngcobo filed this report.</p>

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News and Current Affairs Show hosted by award-winning presenter Sakina Kamwendo, on weekdays from noon to 1pm on SAfm 104-107fm. 

<p>News and Current Affairs Show hosted by award-winning presenter Sakina Kamwendo, on weekdays from noon to 1pm on SAfm 104-107fm. </p>

The latest gross domestic product rebasing exercise by Statistics South has found that South Africa's economy is 4,9-percent larger than previously estimated. 