As of April 2025, South Africa's GDP was estimated at over 410 billion U.S. dollars, the highest in Africa. Egypt followed, with a GDP worth around 347 billion U.S. dollars, and ranked as the second-highest on the continent. Algeria ranked third, with nearly 269 billion U.S. dollars. These African economies are among some of the fastest-growing economies worldwide. Dependency on oil For some African countries, the oil industry represents an enormous source of income. In Nigeria, oil generates over five percent of the country’s GDP in the third quarter of 2023. However, economies such as the Libyan, Algerian, or Angolan are even much more dependent on the oil sector. In Libya, for instance, oil rents account for over 40 percent of the GDP. Indeed, Libya is one of the economies most dependent on oil worldwide. Similarly, oil represents for some of Africa’s largest economies a substantial source of export value. The giants do not make the ranking Most of Africa’s largest economies do not appear in the leading ten African countries for GDP per capita. The GDP per capita is calculated by dividing a country’s GDP by its population. Therefore, a populated country with a low total GDP will have a low GDP per capita, while a small rich nation has a high GDP per capita. For instance, South Africa has Africa’s highest GDP, but also counts the sixth-largest population, so wealth has to be divided into its big population. The GDP per capita also indicates how a country’s wealth reaches each of its citizens. In Africa, Seychelles has the greatest GDP per capita.

This dataset provides values for GDP reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

In 2025, Ethiopia's GDP was forecast to reach almost 121 billion U.S. dollars, the highest in East Africa. Kenya followed, with an expected GDP of around 117 billion U.S. dollars. Comoros, on the other hand, had some of the lowest GDPs, at just over 1.5 billion U.S. dollars.

This dataset provides values for GDP PER CAPITA PPP0 reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

The Seychelles' GDP per capita amounted to 22,000 U.S. dollars in 2025, the highest in East Africa. Mauritius ranked second, with a GDP per capita worth around 13,000 U.S. dollars. Burundi, on the other hand, had the lowest average income per person, at about 160 U.S. dollars.

GDP, billion currency units in South Africa, June, 2025 The most recent value is 1876.41 billion South African Rand as of Q2 2025, an increase compared to the previous value of 1799.41 billion South African Rand. Historically, the average for South Africa from Q1 1993 to Q2 2025 is 789.23 billion South African Rand. The minimum of 110.83 billion South African Rand was recorded in Q1 1993, while the maximum of 1928.18 billion South African Rand was reached in Q4 2024. | TheGlobalEconomy.com

This dataset provides values for GDP GROWTH RATE reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

The latest data from show economic growth of 0.61 percent, which is a decrease from the rate of growth of 0.8 percent in the previous quarter and
an increase compared to the growth rate of 0.38 percent in the same quarter last year. The economic growth time series for South Africa cover the period...

Botswana's GDP per capita amounted to eight thousand U.S. dollars in 2025, the highest in Southern Africa. South Africa ranked second, with a GDP per capita worth around 6.5 thousand U.S. dollars. Mozambique, on the other hand, had the lowest average product per person, of about 680 U.S. dollars.

The statistic shows gross domestic product (GDP) in Sub-Saharan Africa from 2020 to 2024, with projections up until 2030. Gross domestic product (GDP) denotes the aggregate value of all services and goods produced within a country in any given year. GDP is an important indicator of a country's economic power. In 2024, Sub-Saharan Africa's aggregated gross domestic product amounted to around 1,841.17 billion U.S. dollars.

Graph and download economic data for Nominal Gross Domestic Product for South Africa (NGDPSAXDCZAQ) from Q1 1993 to Q1 2025 about South Africa and GDP.

As of 2022, the real GDP growth rate in Africa was estimated at 3.7 percent, decreasing compared to the previous year when it stood at 4.8 percent. Africa's real GDP is projected to keep a stable and constant growth trend between 2023 and 2027.

Negative impact of COVID-19

Starting in 2020, the spread of the coronavirus (COVID-19) caused economic stagnation and recession in most world regions. Economies on the African continent were also negatively affected, as the health crisis determined disruptions across all economic sectors. In 2020, Africa’s real GDP dropped to minus 1.8 percent, an exceptional negative growth rate registered on the continent. Southern Africa was the most affected region, followed by Central and Western Africa, respectively.

Forecast economic growth in Africa

In 2021 and 2022, Africa’s economy showed signs of recovery after the COVID-19 crisis. Growth was expected to continue in the following years, with the total GDP increasing from around three trillion U.S. dollars in 2020 to four trillion U.S. dollars in 2027. The African economy was set to grow at a rapid pace, especially compared to other world regions. By 2027, Sub-Saharan Africa’s GDP is estimated to record a growth rate of over four percent, while the European Union’s economy would expand by less than two percent.

The statistic shows the growth in real GDP in Sub-Saharan Africa from 2020 to 2024, with projections up until 2030. Sub-Saharan Africa is the area of the African continent south of the Sahara and includes almost all African countries located there. In 2024, real gross domestic product in Sub-Saharan Africa grew by around 3.99 percent compared to the previous year.

Consumption as percent of GDP in South Africa, June, 2025 The most recent value is 64.63 percent as of Q2 2025, a decline compared to the previous value of 65.73 percent. Historically, the average for South Africa from Q1 1993 to Q2 2025 is 64.15 percent. The minimum of 60.22 percent was recorded in Q2 2021, while the maximum of 67.47 percent was reached in Q4 2006. | TheGlobalEconomy.com

Household debt to GDP, in percent in South Africa, March, 2025 The most recent value is 33.7 percent as of March 2025, a decline compared to the previous value of 33.8 percent. Historically, the average for South Africa from March 2008 to March 2025 is 37.24 percent. The minimum of 33.7 percent was recorded in March 2025, while the maximum of 44.4 percent was reached in March 2008. | TheGlobalEconomy.com

In 2022, the Gross Domestic Product (GDP) of North Africa grew by 4.3 percent compared to the previous year. Due to the COVID-19 pandemic, the North African economy shrank by 1.4 percent in 2020. Economic recovery was observed in the following year, with the GDP rising by almost 12 percent. North Africa's economic growth is set to remain stable in the coming years.

Graph and download economic data for National Accounts: GDP by Expenditure: Constant Prices: Gross Domestic Product: Total for South Africa (ZAFGDPRQPSMEI) from Q1 1961 to Q2 2025 about South Africa, real, GDP, and rate.

South Africa ZA: GDP: Deflator: Imports of Goods and Services data was reported at 1.843 Index, 2015 in 2026. This records an increase from the previous number of 1.756 Index, 2015 for 2025. South Africa ZA: GDP: Deflator: Imports of Goods and Services data is updated yearly, averaging 0.202 Index, 2015 from Dec 1960 (Median) to 2026, with 67 observations. The data reached an all-time high of 1.843 Index, 2015 in 2026 and a record low of 0.009 Index, 2015 in 1960. South Africa ZA: GDP: Deflator: Imports of Goods and Services data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s South Africa – Table ZA.OECD.EO: GDP: Deflator: Forecast: Non OECD Member: Annual. PMGS - Imports of goods and services, deflator (national accounts basis)Index, national reference year

South Africa ZA: GDP: Deflator: Final Consumption Expenditure: Government data was reported at 1.653 Index, 2015 in 2026. This records an increase from the previous number of 1.582 Index, 2015 for 2025. South Africa ZA: GDP: Deflator: Final Consumption Expenditure: Government data is updated yearly, averaging 0.175 Index, 2015 from Dec 1960 (Median) to 2026, with 67 observations. The data reached an all-time high of 1.653 Index, 2015 in 2026 and a record low of 0.005 Index, 2015 in 1960. South Africa ZA: GDP: Deflator: Final Consumption Expenditure: Government data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s South Africa – Table ZA.OECD.EO: GDP: Deflator: Forecast: Non OECD Member: Annual. PCG - Government final consumption expenditure, deflatorIndex, national reference year

The Gross Domestic Product (GDP) in South Africa expanded 0.80 percent in the second quarter of 2025 over the previous quarter. This dataset provides - South Africa GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.