Publish Date: 2017-09-14
Category: Quarterly Bulletins Articles and Notes
Author: E Botes and K Kuhn
The largest sector in the South African economy – the finance, insurance, real estate and business services sector – contributed 20.2% to nominal output in 2016 and 29.4% to the output of the tertiary sector. In 2016, the latter contributed 68.6% to the nominal gross domestic product (GDP) while the finance and insurance subsector accounted for just less than half
of the nominal output of finance, insurance, real estate and business services. Commercial banks contributed most to the output of the finance and insurance subsector, with financial intermediation services indirectly measured (FISIM)2 constituting the largest portion of the total output of commercial banks. This note analyses the recent changes in real output and the relative contribution of the finance, insurance, real estate and business services sector to real output in the South African economy. It also describes the methodology applied to measure the output of commercial banks.
This note analyses the recent changes in real output and the relative contribution of the finance, insurance, real estate and business services sector to real output in the South African economy. It also describes the methodology applied to measure the output of commercial banks.
Attachments:
Link full article: September 2017 – Note on the output of the finance, insurance, real estate and business services sector