July 2020

The CRA's Fast Stats provides data-driven insights into current political and economic trends.
July 2020

Key takeaways:

  • South Africa’s total population rose to 59.62 million in 2020 from 58.78 million in 2019.
  • The official unemployment rate for 1Q 2020 was 30.1%, compared to 27.6% in 1Q 2019.
  • The leading business indicator is down 8.1% for April 2020 in comparison to April 2019.
  • The growth in money supply – the total value of money available in the economy – in May 2020 was 10.26%, compared to 9.05% in May 2019. GDP per head (annualised, adjusted) for Q1 2020 was R87 382.
  • The average gold price per ounce for June 2020 was $1 733, compared to $1 359 in June 2019. The average platinum price per ounce was $820 compared to $810 for the same period. 
  • South Africa recorded a merchandise trade surplus of R13.0 billion for January-May 2020, compared to a trade de­ficit of R7.2 billion for January-May 2019.
  • Vehicles exported were down 40.3% for January-June 2020, compared to January-June 2019. Tractors sold were down 6.3% for the same period.
  • Manufacturing production (volume) for January-April 2020 was down 15.0%, compared to January-April 2019.  Mining production for January-May 2020 decreased by 18.3% in comparison to January-May 2019.

Full Report (PDF)