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.

South Africa Google Search Trends: Economic Measures: Bankruptcy data was reported at 1.000 Score in 15 May 2025. This stayed constant from the previous number of 1.000 Score for 14 May 2025. South Africa Google Search Trends: Economic Measures: Bankruptcy data is updated daily, averaging 0.000 Score from Dec 2021 (Median) to 15 May 2025, with 1262 observations. The data reached an all-time high of 23.000 Score in 18 Jun 2022 and a record low of 0.000 Score in 03 May 2025. South Africa Google Search Trends: Economic Measures: Bankruptcy data remains active status in CEIC and is reported by Google Trends. The data is categorized under Global Database’s South Africa – Table ZA.Google.GT: Google Search Trends: by Categories.

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.

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.

South Africa gdp growth rate for 2023 was 0.70%, a 1.21% decline from 2022.

<ul style='margin-top:20px;'>

<li>South Africa gdp growth rate for 2022 was <strong>1.91%</strong>, a <strong>3.04% decline</strong> from 2021.</li>
<li>South Africa gdp growth rate for 2021 was <strong>4.96%</strong>, a <strong>11.12% increase</strong> from 2020.</li>
<li>South Africa gdp growth rate for 2020 was <strong>-6.17%</strong>, a <strong>6.43% decline</strong> from 2019.</li>
</ul>Annual percentage growth rate of GDP at market prices based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources.

Up until 2014-2015, the South African property market was all about sellers and landlords seeking high rents, especially in two key markets, Johannesburg and Cape Town. However, since then it has become a buyer’s market with overall revenues of property owning and letting expected to fall from 12.7 billion U.S. dollars in 2017 to 11.5 billion U.S. dollars in 2023. A struggling economy, much political noise and a resultant lack of discretionary spending are the three key reasons for the slump in prices. The impact has been mainly felt in the high-end segment with investors opting out and only actual users completing transactions. Foreign buying, which earlier accounted for a significant portion of market revenues is also on the wane, with more of this consumer segment actually looking to sell. The Covid-19 outbreak has plunged the South African economy deep into recession with a recovery over the short to medium term unlikely. However, this doesn’t augur badly for the property market as a whole. In fact, the interest rate cut by the central bank in January, along with an increase in the transfer duty threshold to R1 million and personal income tax relief, is likely to boost the lower segment and result in more buyers.

Unemployment Rate in South Africa increased to 32.90 percent in the first quarter of 2025 from 31.90 percent in the fourth quarter of 2024. This dataset provides - South Africa Unemployment Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

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.

South Africa Google Search Trends: Online Training: Udemy data was reported at 20.000 Score in 14 May 2025. This stayed constant from the previous number of 20.000 Score for 13 May 2025. South Africa Google Search Trends: Online Training: Udemy data is updated daily, averaging 14.000 Score from Dec 2021 (Median) to 14 May 2025, with 1261 observations. The data reached an all-time high of 47.000 Score in 20 May 2024 and a record low of 0.000 Score in 23 Dec 2023. South Africa Google Search Trends: Online Training: Udemy data remains active status in CEIC and is reported by Google Trends. The data is categorized under Global Database’s South Africa – Table ZA.Google.GT: Google Search Trends: by Categories.

Graph and download economic data for Composite Leading Indicators: Reference Series (GDP) Trend for South Africa (ZAFLORSGPTDSTSAM) from Feb 1960 to Aug 2023 about leading indicator, South Africa, and GDP.

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

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.

GDP Counterfactual Tracker: % Change from Pre-Crisis Trend: High data was reported at 1.841 % in 30 Jan 2022. This records an increase from the previous number of 0.595 % for 23 Jan 2022. GDP Counterfactual Tracker: % Change from Pre-Crisis Trend: High data is updated weekly, averaging -0.195 % from May 2020 (Median) to 30 Jan 2022, with 91 observations. The data reached an all-time high of 4.133 % in 28 Nov 2021 and a record low of -15.040 % in 10 May 2020. GDP Counterfactual Tracker: % Change from Pre-Crisis Trend: High 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.WT: GDP Growth Tracker: Weekly.

This forecast statistic shows the revenue of plastic product manufacture in South Africa from 2008 to 2012, with forecasts up until 2020. By 2016, revenues of plastic product manufacture in South Africa are projected to reach approximately 5.5 billion U.S. dollars.

Industrial Production in South Africa increased 0.50 percent in May of 2025 over the same month in the previous year. This dataset provides - South Africa Industrial Production - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Inflation Rate in South Africa remained unchanged at 2.80 percent in May. This dataset provides - South Africa Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Graph and download economic data for Real Gross Domestic Product for South Africa (ZAFNGDPRPCPPPT) from 2000 to 2026 about South Africa, REO, real, GDP, and rate.

Explore real GDP growth projections dataset, including insights into the impact of COVID-19 on economic trends. This dataset covers countries such as Spain, Australia, France, Italy, Brazil, and more.

growth rate, Real, COVID-19, GDP

Spain, Australia, France, Italy, Brazil, Argentina, United Kingdom, United States, Canada, Russia, Turkiye, World, China, Mexico, Korea, India, Saudi Arabia, South Africa, Germany, Indonesia, JapanFollow data.kapsarc.org for timely data to advance energy economics research..Source: OECD Economic Outlook database.- India projections are based on fiscal years, starting in April. The European Union is a full member of the G20, but the G20 aggregate only includes countries that are also members in their own right. Spain is a permanent invitee to the G20. World and G20 aggregates use moving nominal GDP weights at purchasing power parities. Difference in percentage points, based on rounded figures.

Full Year GDP Growth in South Africa decreased to 0.60 percent in 2024 from 0.70 percent in 2023. This dataset includes a chart with historical data for South Africa Full Year Gdp Growth.

Graph and download economic data for Composite Leading Indicators: Composite Leading Indicator (CLI) Trend Restored for South Africa (ZAFLOLITOTRSTSAM) from Jan 1975 to Aug 2023 about leading indicator and South Africa.