South Africa's GDP amounted to just over 418 billion U.S. dollars in 2025, the highest in Southern Africa. Zimbabwe ranked second, with a GDP worth around 37 billion U.S. dollars. Lesotho, on the other hand, ranked the lowest with a GDP of over 2.4 billion U.S. dollars.

The Gross Domestic Product (GDP) in South Africa expanded 0.50 percent in the third 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.

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.

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.

The gross domestic product (GDP) in current prices in South Africa amounted to 401.08 billion U.S. dollars in 2024. Between 1980 and 2024, the GDP rose by 311.67 billion U.S. dollars, though the increase followed an uneven trajectory rather than a consistent upward trend. The GDP will steadily rise by 110.94 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.

Key information about South Africa Real GDP Growth

• The Gross Domestic Product (GDP) in South Africa expanded 1.1 % YoY in Jun 2025, following a growth of 0.5 % in the previous quarter.
• Real GDP Growth YoY data in South Africa is updated quarterly, available from Mar 1961 to Jun 2025, with an average rate of -1.3 %.
• The data reached an all-time high of 19.2 % in Jun 2021 and a record low of -16.8 % 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 103.1 USD bn in Jun 2025.
• Its GDP deflator (implicit price deflator) increased 1.7 % in Jun 2025.
• GDP Per Capita in South Africa reached 6,474.8 USD in Dec 2024.
• Its Gross Savings Rate was measured at 13.5 % in Jun 2025.
• For Nominal GDP contributions, Investment accounted for 14.5 % in Jun 2025.
• Public Consumption accounted for 18.5 % in Jun 2025.
• Private Consumption accounted for 64.0 % in Jun 2025.

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

The latest data from show economic growth of 1.05 percent, which is an increase from the rate of growth of 0.47 percent in the previous quarter and
an increase compared to the growth rate of 0.35 percent in the same quarter last year. The economic growth time series for South Africa cover the...

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.

Graph and download economic data for Real Gross Domestic Product for South Africa (NGDPRSAXDCZAQ) from Q1 1993 to Q1 2025 about South Africa, real, and GDP.

Key information about South Africa Nominal GDP Growth

• South Africa Nominal GDP Growth was reported at 2.772 % in Jun 2025.
• This records an increase from the previous number of 2.653 % for Mar 2025.
• South Africa Nominal GDP Growth data is updated quarterly, averaging 13.105 % from Mar 1961 to Jun 2025, with 258 observations.
• The data reached an all-time high of 34.616 % in Sep 1980 and a record low of -13.481 % in Jun 2020.
• South Africa Nominal GDP Growth data remains active status in CEIC and is reported by CEIC Data.
• The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Nominal GDP: Y-o-Y Growth: Quarterly: Seasonally Adjusted.

CEIC calculates quarterly Nominal GDP Growth from quarterly Nominal GDP. South African Reserve Bank provides Nominal GDP in local currency.

Key information about South Africa Investment: % of GDP

• South Africa Investment accounted for 14.5 % of its Nominal GDP in Jun 2025, compared with a ratio of 13.7 % in the previous quarter.
• South Africa investment share of Nominal GDP data is updated quarterly, available from Mar 1960 to Jun 2025, with an average ratio of 16.1 %.
• The data reached an all-time high of 40.6 % in Sep 1981 and a record low of 10.1 % in Dec 2020.

CEIC calculates Investment as % of Nominal GDP from quarterly Nominal Gross Capital Formation and quarterly Nominal GDP. Gross Capital Formation is calculated as the sum of Gross Fixed Capital Formation and Changes in Inventories. Statistics South Africa provides Nominal Gross Capital Formation in local currency and Nominal GDP in local currency.


Related information about South Africa Investment: % of GDP

• In the latest reports, South Africa GDP expanded 1.1 % YoY in Jun 2025.
• South Africa Nominal GDP reached 103.1 USD bn in Jun 2025.
• Its GDP deflator (implicit price deflator) increased 1.7 % in Jun 2025.
• South Africa GDP Per Capita reached 6,474.8 USD in Dec 2024.
• Its Gross Savings Rate was measured at 13.5 % in Jun 2025.

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 Gross Domestic Product (GDP) in South Africa expanded 2.10 percent in the third 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.

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 Public Consumption: % of GDP

• South Africa Public Consumption accounted for 18.5 % of its Nominal GDP in Jun 2025, compared with a share of 19.5 % in the previous quarter.
• South Africa Public Consumption share of Nominal GDP ratio is updated quarterly, available from Mar 1960 to Jun 2025, with an average number of 18.2 %.
• The data reached an all-time high of 22.7 % in Jun 2020 and a record low of 8.6 % in Jun 1963.

CEIC calculates Government Consumption as % of Nominal GDP from quarterly Government Consumption Expenditure and quarterly Nominal GDP. Statistics South Africa provides Government Consumption Expenditure in local currency and Nominal GDP in local currency.


Related information about South Africa Public Consumption: % of GDP

• In the latest reports, South Africa GDP expanded 1.1 % YoY in Jun 2025.
• South Africa Nominal GDP reached 103.1 USD bn in Jun 2025.
• Its GDP deflator (implicit price deflator) increased 1.7 % in Jun 2025.
• South Africa GDP Per Capita reached 6,474.8 USD in Dec 2024.
• Its Gross Savings Rate was measured at 13.5 % in Jun 2025.
• For Nominal GDP contributions, Investment accounted for 14.5 % in Jun 2025.
• Private Consumption accounted for 64.0 % in Jun 2025.

Seychelles had the largest Gross Domestic Product (GDP) per capita in Africa as of 2024. The value amounted to 21,630 U.S. dollars. Mauritius followed with around 12,330 U.S. dollars, whereas Gabon registered 8,840 U.S. dollars. GDP per capita is calculated by dividing a country’s GDP by its population, meaning that some of the largest economies are not ranked within the leading ten. Impact of COVID-19 on North Africa’s GDP When looking at the GDP growth rate in Africa in 2024, Libya had the largest estimated growth in Northern Africa, a value of 7.8 percent compared to the previous year. Niger and Senegal were at the top of the list with rates of 10.4 percent and 8.3 percent, respectively. During the COVID-19 pandemic, the impact on the economy was severe. The growth of the North African real GDP was estimated at minus 1.1 percent in 2020. However, estimations for 2022 looked much brighter, as it was set that the region would see a GDP growth of six percent, compared to four percent in 2021.
Contribution of Tourism Various countries in Africa are dependent on tourism, contributing to the economy. In 2023, travel and tourism were estimated to contribute 182.6 billion U.S. dollars, a clear increase from 96.5 in 2020 following COVID-19. As of 2024, South Africa, Mauritius, and Egypt led tourism in the continent according to the Travel & Tourism Development Index.

Key information about South Africa GDP Per Capita

• South Africa Gross Domestic Product (GDP) per Capita reached 6,474.783 USD in Dec 2024, compared with 6,223.776 USD in Dec 2023.
• South Africa GDP Per Capita data is updated yearly, available from Dec 1957 to Dec 2024, with an average number of 3,058.360 USD.
• The data reached an all-time high of 20,596.090 USD in Dec 2025 and a record low of 814.130 in Dec 2004.
• CEIC converts annual GDP per Capita into USD. South African Reserve Bank provides GDP per Capita in local currency. Federal Reserve Board average market exchange rate is used for currency conversions.

Related information about South Africa GDP Per Capita data

• In the latest reports, South Africa GDP expanded 1.051 % YoY in Jun 2025.
• South Africa Nominal GDP reached 103.116 USD bn in Jun 2025.
• Its GDP deflator (implicit price deflator) increased 1.703 % in Jun 2025.
• Gross Savings Rate of South Africa was measured at 13.500 % in Jun 2025.

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.

Consumption as percent of GDP in South Africa, June, 2025 The most recent value is 63.96 percent as of Q2 2025, a decline compared to the previous value of 65.64 percent. Historically, the average for South Africa from Q1 1993 to Q2 2025 is 63.77 percent. The minimum of 59.65 percent was recorded in Q2 2021, while the maximum of 68.97 percent was reached in Q4 1996. | TheGlobalEconomy.com