South Africa GDP Growth Rate QoQ
Until Nigeria surpassed South Africa as the largest country in Africa in 2014, South Africa was the most developed and largest country on the continent. The services sector, which accounts for around 73% of GDP, is the most important sector of the economy. Financing, real estate, and business services account for 21.6% of total services, government services account for 17%, wholesale, retail, and motor trade, catering, and accommodation account for 15%, transportation, storage, and communication account for the remaining 9.3%. Production in the manufacturing industry accounts for 13.9% of GDP, mining and quarrying account for around 8.3%, and agriculture accounts for just 2.6%.
A higher than expected figure should be seen as positive (bullish) for the ZAR while a lower than expected figure should be seen as negative (bearish) for the ZAR.
Forex Sentiment (ZAR)
| Symbol | Community Trend (Shorts vs Longs) | Symbol Popularity | Avg. Short Price / Distance From Price | Avg. Long Price / Distance From Price | Current Price | |
|---|---|---|---|---|---|---|
| USDZAR |
|
|
17.5055 -9297 pips |
18.3966 +386 pips |
18.43521 | |
| EURZAR |
|
|
18.4658 -14147 pips |
19.7425 +1380 pips |
19.88048 | |
| ZARJPY |
|
|
7.9700 -51 pips |
7.8648 +62 pips |
8.482 |
