The Gross Domestic Product (GDP) in South Africa was worth 400.26 billion US dollars in 2024, according to official data from the World Bank. The GDP value of South Africa represents 0.38 percent of the world economy. This dataset provides the latest reported value for - South Africa GDP - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Key information about South Africa Real GDP Growth

• The Gross Domestic Product (GDP) in South Africa expanded 1.3 % YoY in Dec 2022, following a growth of 4.0 % in the previous quarter.
• Real GDP Growth YoY data in South Africa is updated quarterly, available from Mar 1961 to Dec 2022, with an average rate of 3.0 %.
• The data reached an all-time high of 19.4 % in Jun 2021 and a record low of -17.0 % in Jun 2020.

CEIC calculates Real GDP Growth from quarterly Real GDP. Statistics South Africa provides Real GDP in local currency, at 2015 prices. Real GDP Growth prior to Q1 1994 is calculated from Real GDP at 2010 prices.


Related information about South Africa Real GDP Growth

• In the latest reports, Nominal GDP of South Africa reached 98.8 USD bn in Sep 2022.
• Its GDP deflator (implicit price deflator) increased 4.7 % in Sep 2022.
• GDP Per Capita in South Africa reached 6,966.1 USD in Dec 2021.
• Its Gross Savings Rate was measured at 15.6 % in Sep 2022.
• For Nominal GDP contributions, Investment accounted for 14.8 % in Dec 2022.
• Public Consumption accounted for 19.9 % in Dec 2022.
• Private Consumption accounted for 66.6 % in Dec 2022.

The gross domestic product (GDP) in current prices in South Africa was estimated at about 400.19 billion U.S. dollars in 2024. Between 1980 and 2024, the GDP rose by approximately 310.78 billion U.S. dollars, though the increase followed an uneven trajectory rather than a consistent upward trend. The GDP will steadily rise by around 89.82 billion U.S. dollars over the period from 2024 to 2030, reflecting a clear upward trend.This indicator describes the gross domestic product at current prices. The values are based upon the GDP in national currency converted to U.S. dollars using market exchange rates (yearly average). The GDP represents the total value of final goods and services produced during a year.

The Gross Domestic Product per capita in South Africa was last recorded at 5708.96 US dollars in 2024. The GDP per Capita in South Africa is equivalent to 45 percent of the world's average. This dataset provides the latest reported value for - South Africa GDP per capita - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The Gross Domestic Product (GDP) in South Africa expanded 0.10 percent in the first 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.

This statistic shows the distribution of the gross domestic product (GDP) across economic sectors in South Africa from 2013 to 2023. In 2023, agriculture had contributed around 2.62 percent to the GDP of South Africa, whereas industry and services had contributed 24.62 and 62.61 percent of the total value added, respectively.

Historical chart and dataset showing South Africa GDP by year from 1960 to 2023.

As of 2023, the GDP of Africa was estimated at roughly 3.1 trillion U.S. dollars. This was the highest value since 2010 when the continent's GDP amounted to approximately 2.1 trillion U.S. dollars. The GDP value in Africa generally followed an upward trend in recent years and was estimated to exceed 4.2 trillion U.S. dollars by 2027.

Leading the charge: the three leading African economies

Among the African countries, in 2021, Nigeria had the highest GDP with approximately 442 billion U.S. dollars. South Africa and Egypt followed. These three countries have the largest economies for various reasons. The most notable factors are their population size, natural resources, and level of economic development. Furthermore, Africa was projected to have a real GDP growth rate of 3.9 percent in 2023. Libya was the economy experiencing the highest growth rate in that year.

The Sub-Saharan African economy on the rise

A global comparison showed that Sub-Saharan Africa had the smallest GDP among all world regions in 2021, amounting to 1.87 trillion U.S. dollars. A closer look revealed that Sub-Saharan Africa had a GDP per capita of 1,626.3 U.S. dollars in 2021, again the lowest worldwide. However, the region's economy was forecast to experience continued growth in the following years, with the real GDP increasing by 3.7 percent in 2023.

South Africa's GDP was estimated at just over 403 billion U.S. dollars in 2024, the highest in Africa. Egypt followed, with a GDP worth around 380 billion U.S. dollars, and ranked as the second-highest on the continent. Algeria ranked third, with about 260 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.

In 2024, the growth of the real gross domestic product (GDP) in South Africa was estimated at about 0.58 percent. Between 1980 and 2024, the figure dropped by approximately 6.04 percentage points, though the decline followed an uneven course rather than a steady trajectory. The forecast shows the growth will steadily grow by around 1.23 percentage points from 2024 to 2030.This indicator describes the annual change in the gross domestic product at constant prices, expressed in national currency units. Here the gross domestic product represents the total value of the final goods and services produced during a year.

Key information about South Africa Total Exports

• South Africa Total Exports expanded 3.5 % YoY in Jan 2025, compared with a decrease of 2.9 % YoY in the previous month
• South Africa Total Exports Growth data is updated monthly, available from Oct 2005 to Jan 2025, with an averaged rate of 8.9 %
• The data reached an all-time high of 210.3 % in Apr 2021 and a record low of -49.9 % in Apr 2020

CEIC calculates Total Exports Growth from monthly Total Exports. South African Revenue Service provides Total Exports, FOB, in local currency. Total Exports Growth prior to January 2011 exclude Botswana, Lesotho, Namibia and Swaziland.


Further information about South Africa Total Exports

• In the latest reports, South Africa Total Exports recorded 8.0 USD bn in Jan 2025
• Total Imports recorded 8.8 USD bn in Jan 2025, which registered an increase of 7.6 % year on year
• South Africa Trade Balance recorded a deficit of 877.5 USD mn in Jan 2025

View economic output, reported as the nominal value of all new goods and services produced by labor and property located in the U.S.

The South African facility management (FM) market presents a compelling investment opportunity, exhibiting a steady growth trajectory. The market, currently valued at an estimated ZAR 50 billion in 2025 (this value is an educated estimate based on common market sizes for similar economies and the provided CAGR), is projected to expand at a Compound Annual Growth Rate (CAGR) of 4.62% from 2025 to 2033. This growth is driven by several key factors. Increased urbanization and the burgeoning commercial real estate sector necessitate robust FM services for efficient building operation and maintenance. Furthermore, a growing awareness of sustainability and the increasing demand for integrated FM solutions encompassing both hard (technical) and soft (administrative) services are contributing to market expansion. The rising adoption of smart building technologies also plays a pivotal role, optimizing resource management and enhancing operational efficiency. The market is segmented into in-house and outsourced FM, further categorized by service offerings (single, bundled, integrated) and end-user sectors (commercial, institutional, public/infrastructure, industrial). Outsourced FM, particularly integrated services, is witnessing significant growth as businesses increasingly prioritize cost optimization and specialized expertise. The competitive landscape comprises both international and local players, with key companies including TROX South Africa, Chiefton Facilities Management, SSG Holdings, and Tsebo Facilities Solutions actively vying for market share. However, the market also faces certain restraints. Economic fluctuations and infrastructure development timelines can influence demand. A shortage of skilled FM professionals also poses a challenge, limiting the industry's capacity to meet growing demands. The competitive pressure necessitates continuous innovation and service differentiation to maintain a strong market position. Over the forecast period, the focus on technological advancements, sustainable practices, and specialized service packages will likely shape the market's future landscape, offering substantial growth opportunities for established players and new entrants alike. This comprehensive report provides an in-depth analysis of the South African facility management market, covering the period from 2019 to 2033. With a base year of 2025 and an estimated year of 2025, the report offers valuable insights into market trends, drivers, challenges, and future growth prospects. It examines market size in millions, segmentation, key players, and significant developments, making it an indispensable resource for businesses operating in or planning to enter this dynamic sector. Recent developments include: March 2023 - Red Rocket, a South African independent power producer, has placed a 373MW wind turbine contract with the Danish wind turbine manufacturer Vestas. The business will deliver 64 of its V150-4.5MW wind turbines, 12 of its V163-4.5MW turbines, and five of its V162-6.2MW Enventus turbines. The Brandvalley, Rietkloof, and Wolf wind parks, located in South Africa's Western and Eastern Capes, will host the installation of the turbines., September 2022 - The De Aar 1 solar power plant's operation and maintenance (O&M) has been outsourced to the South African division of the German-based renewable energy company Juwi. The Pixley ka Seme area, in the province of Northern Cape, is where the 85 MWp solar farm is situated. The 400 MW installed portfolio of operationally managed renewable energy projects managed by Juwi South Africa is expanded by the De Aar 1 solar project., April 2022 - Securex South Africa 2022, Africa's prominent security and fire trade exhibition, took place from 31 May to 2 June 2022 at Gallagher Convention Centre in Johannesburg and was co-located with three additional Specialised Exhibitions trade shows, namely A-OSH Expo, Facilities Management Expo and the new Firexpo 2022. The FM vendors across the country gathered and showcased their offerings and capabilities.. Key drivers for this market are: Increasing Infrastructural Developments and Growing Retail Sector, Rising Developments in Public and Private Infrastructure. Potential restraints include: Fragmented Market with Several Local Vendors. Notable trends are: Outsourced FM is Expected to Hold a Significant Market Share.

GDP from Services in South Africa increased to 1158321.68 ZAR Million in the first quarter of 2025 from 1155455.51 ZAR Million in the fourth quarter of 2024. This dataset provides the latest reported value for - South Africa Gdp From Services - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

South Africa: Population size, in number of people: The latest value from is people, unavailable from people in . In comparison, the world average is 0 people, based on data from countries. Historically, the average for South Africa from to is people. The minimum value, people, was reached in while the maximum of people was recorded in .

GDP from Construction in South Africa decreased to 99808.81 ZAR Million in the first quarter of 2025 from 103719.97 ZAR Million in the fourth quarter of 2024. This dataset provides the latest reported value for - South Africa Gdp From Construction - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The Report Covers South Africa Hospitality Industry Statistics and is segmented by Type (Chain Hotels and Independent Hotels) and by Segment (Service Apartments, Budget and Economy Hotels, Mid and Upper Mid Scale Hotels, and Luxury Hotels). The report offers market size and forecasts for Hospitality Industry in South Africa in value (USD million) for all the above segments.

Market Size and Growth: The hospitality industry in South Africa is experiencing steady growth, reaching a market size of USD 1.36 billion in 2025. It is projected to continue expanding at a CAGR of 4.43% from 2025 to 2033, driven by factors such as increasing tourism, government initiatives, and growing demand for luxury accommodations. The industry is segmented into various types, including chain hotels, independent hotels, service apartments, budget and economy hotels, mid and upper mid-scale hotels, and luxury hotels. Key Trends and Challenges: The hospitality industry in South Africa is influenced by several trends, including the rise of online booking platforms, the growing popularity of eco-tourism, and the increasing focus on personalized experiences. However, the industry also faces challenges, such as rising costs, competition from the informal sector, and the impact of economic downturns. The major companies operating in the market include Hilton Worldwide Holdings Inc., InterContinental Hotels Group, Marriott International Inc., and Accor SA. Market concentration is relatively low, with a diverse range of players in the market and no single dominant competitor. Recent developments include: In March 2022, Kasada announced the purchase of the Cap Grace Hotel in Cape Town, South Africa. Kasada's hotel acquisition marks the company's first foray into the South African hotel operator market. It also helps Kasada's strategy of expanding into all major cities in Sub-Saharan Africa., In May 2022, Millat Investments took over the iconic Winston Hotel in Rosebank, Johannesburg, South Africa, adding another key property to its rapidly expanding hospitality portfolio. The purchase of the Winston property comes on the heels of the successful Africa Travel Indaba in Durban, an event aimed at reviving tourism to South Africa and the continent following the global pandemic lockdown.. Key drivers for this market are: Rising Tourism in the United Arab Emirates Bolsters the Growth in Hospitality Sector, The Rise in the Mice Industry in the United Arab Emirates Drives the Hospitality Sector. Potential restraints include: High Rentals in the United Arab Emirates Pose a Restraint to the Hospitality Sector. Notable trends are: Growth in Tourism Sector in South Africa is Expected to Outpace Hospitality Industry.

Estonia Length of Stay: Overnight: Africa: ow South Africa data was reported at 167.000 Night in Sep 2018. This records a decrease from the previous number of 206.000 Night for Aug 2018. Estonia Length of Stay: Overnight: Africa: ow South Africa data is updated monthly, averaging 59.000 Night from Jan 2005 (Median) to Sep 2018, with 165 observations. The data reached an all-time high of 329.000 Night in Apr 2005 and a record low of 3.000 Night in Feb 2012. Estonia Length of Stay: Overnight: Africa: ow South Africa data remains active status in CEIC and is reported by Statistics Estonia. The data is categorized under Global Database’s Estonia – Table EE.Q003: Length of Stay: Overnight: by Country.

The total population in South Africa was estimated at 63.0 million people in 2024, according to the latest census figures and projections from Trading Economics. This dataset provides - South Africa Population - actual values, historical data, forecast, chart, statistics, economic calendar and news.