South Africa's Gross Domestic Product up by 4,9 percent

South Africa's Gross Domestic Product (GDP) grew 4,9 percent in the last quarter of 2005...

South Africa's Gross Domestic Product (GDP) grew 4,9 percent in the last quarter of 2005, bringing to 4,9 percent the total annual increase, Statistics SA (Stats SA) said on Tuesday.

The fourth quarter increase in 2005 was mainly attributable to increases in the wholesale trade, retail trade, hotel and restaurant sector, which contributed 1,2 percentage points.

There was a contribution of 0.7 of a percentage point by the finance, real estate and business services sectors. The transport, storage and communications industries contributed 0,6 of a percentage point Stats SA said.

Although the last quarter rise was a decrease on that of 4,2 percent in the third quarter, it had to be viewed in the context of the year as a whole, said Stats SA's executive manager of national accounts Joe de Beer.

"The downturn in the last quarter followed a decrease in the third quarter from the year's peak of 5.4 percent in the second quarter. As a whole, however, 2005 saw a higher economic growth rate than the previous year," said De Beer.

Industries which contributed the least to economic growth in 2005 were electricity, gas and water, which made no contribution; agriculture, forestry and fishing, at 0.1 of a percentage point; and personal services, which also contributed 0.1 of a percentage point.

Source: Business Report