2013-06-05
The release of the 1st quarter 2013 national GDP results and statistics by Statistics SA (February 2013) enables us to determine the national economic growth rate for the 1st quarter of 2013. It further allows us to calculate and derive the gross regional product for KwaZulu-Natal for the quarter of 2013 and the various provincial sectors’ economic growth rates. It must be noted that the national GDP-related calculations and values are based on published data, i.e.,actual data. However, the quarterly gross regional product for KwaZulu-Natal and related calculations and values are based on a structural model developed by the author (working paper 14 December 2008) and thus are estimates only.