The South African Economy in the Twentieth Century

Willem Boshoff and Johan Fourie

A chapter in Business Cycles and Structural Change in South Africa, 2020, pp 49-70 from Springer

Abstract: Abstract The South African economy transformed substantially since 1910. While primary sectors like agriculture and mining had formed the backbone of the economy during the early decades, financial services and other tertiary sector industries were the biggest contributors to production by the end of the period. These processes of industrialisation and modernisation would make South Africa, by the beginning of the twenty-first century, one of the richest countries on the African continent. This chapter introduces a new data series of gross domestic product and its sectoral components to investigate this transformation. The complete series, spanning 106 years, allows us to identify key periods of structural change and their interrelation with aggregate and sectoral cyclical behaviour.

Keywords: Long-run GDP; Sectoral composition; Structural change; N37; E30; O47 (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:spr:aaechp:978-3-030-35754-2_3

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DOI: 10.1007/978-3-030-35754-2_3

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