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.

South Africa GDP Composition by Sector, 2016 Discover more data with ReportLinker!

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.

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.

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.

South Africa ZA: GDP: % of GDP: Gross Value Added: Industry: Manufacturing data was reported at 11.858 % in 2017. This records a decrease from the previous number of 12.040 % for 2016. South Africa ZA: GDP: % of GDP: Gross Value Added: Industry: Manufacturing data is updated yearly, averaging 19.947 % from Dec 1960 (Median) to 2017, with 58 observations. The data reached an all-time high of 22.607 % in 1981 and a record low of 11.601 % in 2013. South Africa ZA: GDP: % of GDP: Gross Value Added: Industry: Manufacturing data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s South Africa – Table ZA.World Bank: Gross Domestic Product: Share of GDP. Manufacturing refers to industries belonging to ISIC divisions 15-37. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3. Note: For VAB countries, gross value added at factor cost is used as the denominator.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted Average; Note: Data for OECD countries are based on ISIC, revision 4.

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.

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 (GDP) in South Africa expanded 0.60 percent in the second 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.

Time series data for the data Real Gross Domestic Product - Components - Current Local Curreny Unit (CLU) for the country South Africa. Indicator Definition:Real Private Sector Final Consumption Expenditure, Unadjusted, Domestic CurrencyThe indicator "Real Private Sector Final Consumption Expenditure, Unadjusted, Domestic Currency" stands at 3.14 Trillion South African Rands as of 3/31/2025, the highest value at least since 6/30/1994, the period currently displayed. Regarding the One-Year-Change of the series, the current value constitutes an increase of 1.83 percent compared to the value the year prior.The 1 year change in percent is 1.83.The 3 year change in percent is 3.65.The 5 year change in percent is 3.50.The 10 year change in percent is 13.25.The Serie's long term average value is 2.32 Trillion South African Rands. It's latest available value, on 3/31/2025, is 34.88 percent higher, compared to it's long term average value.The Serie's change in percent from it's minimum value, on 3/31/1994, to it's latest available value, on 3/31/2025, is +137.26%.The Serie's change in percent from it's maximum value, on 3/31/2025, to it's latest available value, on 3/31/2025, is 0.0%.Indicator Definition:Real General Government Final Consumption Expenditure, Unadjusted, Domestic CurrencyThe indicator "Real General Government Final Consumption Expenditure, Unadjusted, Domestic Currency" stands at 0.9126 Trillion South African Rands as of 3/31/2025, the lowest value since 12/31/2023. Regarding the One-Year-Change of the series, the current value constitutes a decrease of -0.9648 percent compared to the value the year prior.The 1 year change in percent is -0.9648.The 3 year change in percent is 1.37.The 5 year change in percent is 3.21.The 10 year change in percent is 7.83.The Serie's long term average value is 0.703 Trillion South African Rands. It's latest available value, on 3/31/2025, is 29.79 percent higher, compared to it's long term average value.The Serie's change in percent from it's minimum value, on 12/31/1995, to it's latest available value, on 3/31/2025, is +93.17%.The Serie's change in percent from it's maximum value, on 6/30/2024, to it's latest available value, on 3/31/2025, is -1.16%.Indicator Definition:Real Gross Fixed Capital Formation, Unadjusted, Domestic CurrencyThe indicator "Real Gross Fixed Capital Formation, Unadjusted, Domestic Currency" stands at 0.6558 Trillion South African Rands as of 3/31/2025, the lowest value since 9/30/2022. Regarding the One-Year-Change of the series, the current value constitutes a decrease of -3.94 percent compared to the value the year prior.The 1 year change in percent is -3.94.The 3 year change in percent is 2.96.The 5 year change in percent is -10.33.The 10 year change in percent is -16.39.The Serie's long term average value is 0.587 Trillion South African Rands. It's latest available value, on 3/31/2025, is 11.81 percent higher, compared to it's long term average value.The Serie's change in percent from it's minimum value, on 3/31/1994, to it's latest available value, on 3/31/2025, is +144.70%.The Serie's change in percent from it's maximum value, on 3/31/2014, to it's latest available value, on 3/31/2025, is -18.38%.Indicator Definition:Real Changes in Inventories, Unadjusted, Domestic CurrencyThe indicator "Real Changes in Inventories, Unadjusted, Domestic Currency" stands at -0.0135 Trillion South African Rands as of 3/31/2025. Regarding the One-Year-Change of the series, the current value constitutes an decrease of -0.0239 Trillion South African Rands compared to the value the year prior.The 1 year change is -0.0239 Trillion South African Rands.The 3 year change is -0.0072 Trillion South African Rands.The 5 year change is -0.0149 Trillion South African Rands.The 10 year change is -0.0489 Trillion South African Rands.The Serie's long term average value is 0.0124 Trillion South African Rands. It's latest available value, on 3/31/2025, is -0.026 Trillion South African Rands lower, compared to it's long term average value.The Serie's change in South African Rands from it's minimum value, on 6/30/2021, to it's latest available value, on 3/31/2025, is +0.0634 Trillion.The Serie's change in South African Rands from it's maximum value, on 6/30/2023, to it's latest available value, on 3/31/2025, is -0.0877 Trillion.Indicator Definition:Net Trade is defined as exports minus imports (measured in local currency units (LCU)).The indicator "Net Trade (Current LCU)" stands at -0.0272 Trillion South African Rands as of 3/31/2025. Regarding the One-Year-Change of the series, the current value constitutes an increase of 0.02 Trillion South African Rands compared to the value the year prior.The 1 year change is 0.02 Trillion South African Rands.The 3 year change is -0.0155 Trillion South African Rands.The 5 year change is 0.0461 Trillion South African Rands.The 10 year change is 0.0205 Trillion South African Rands.The Serie's long term average ...

South Africa ZA: GDP: USD: Net Income from Abroad data was reported at -10.483 USD bn in 2017. This records a decrease from the previous number of -8.190 USD bn for 2016. South Africa ZA: GDP: USD: Net Income from Abroad data is updated yearly, averaging -3.191 USD bn from Dec 1960 (Median) to 2017, with 58 observations. The data reached an all-time high of -323.394 USD mn in 1963 and a record low of -10.760 USD bn in 2012. South Africa ZA: GDP: USD: Net Income from Abroad data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s South Africa – Table ZA.World Bank.WDI: Gross Domestic Product: Nominal. Net income includes the net labor income and net property and entrepreneurial income components of the SNA. Labor income covers compensation of employees paid to nonresident workers. Property and entrepreneurial income covers investment income from the ownership of foreign financial claims (interest, dividends, rent, etc.) and nonfinancial property income (patents, copyrights, etc.). Data are in current U.S. dollars.; ; World Bank national accounts data, and OECD National Accounts data files.; ;

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.

GDP from Agriculture in South Africa increased to 138524 ZAR Million in the second quarter of 2025 from 135124 ZAR Million in the first quarter of 2025. This dataset provides the latest reported value for - South Africa Gdp From Agriculture - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus 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 ZA: GDP: Real: Discrepancy data was reported at -105.378 ZAR mn in 2017. This records an increase from the previous number of -3,633.663 ZAR mn for 2016. South Africa ZA: GDP: Real: Discrepancy data is updated yearly, averaging 65,999.000 ZAR mn from Dec 1960 (Median) to 2017, with 58 observations. The data reached an all-time high of 200,956.000 ZAR mn in 1974 and a record low of -44,030.000 ZAR mn in 2008. South Africa ZA: GDP: Real: Discrepancy data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s South Africa – Table ZA.World Bank.WDI: Gross Domestic Product: Real. A statistical discrepancy usually arises when the GDP components are estimated independently by industrial origin and by expenditure categories. This item represents the discrepancy in the use of resources (i.e., the estimate of GDP by expenditure categories). Data are in constant local currency.; ; World Bank national accounts data, and OECD National Accounts data files.; ;

GDP from Construction in South Africa decreased to 99569 ZAR Million in the second quarter of 2025 from 99849 ZAR Million in the first quarter of 2025. 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.

South Africa ZA: GDP: Net Income from Abroad data was reported at -139,564.000 ZAR mn in 2017. This records a decrease from the previous number of -120,470.000 ZAR mn for 2016. South Africa ZA: GDP: Net Income from Abroad data is updated yearly, averaging -7,806.500 ZAR mn from Dec 1960 (Median) to 2017, with 58 observations. The data reached an all-time high of -231.000 ZAR mn in 1963 and a record low of -139,564.000 ZAR mn in 2017. South Africa ZA: GDP: Net Income from Abroad data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s South Africa – Table ZA.World Bank: Gross Domestic Product: Nominal. Net income includes the net labor income and net property and entrepreneurial income components of the SNA. Labor income covers compensation of employees paid to nonresident workers. Property and entrepreneurial income covers investment income from the ownership of foreign financial claims (interest, dividends, rent, etc.) and nonfinancial property income (patents, copyrights, etc.). Data are in current local currency.; ; World Bank national accounts data, and OECD National Accounts data files.; ;

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 mining sector forms an important part of the South African economy. In 2024, the industry contributed an added value of approximately ****** billion South African rand (around ***** billion U.S. dollars) to the country's Gross Domestic Product (GDP). In recent years, the overall growth rate of value-added GDP has followed a declining trend due to the general challenges the global mining industry is facing coupled with the additional burden of deteriorating infrastructure, port congestion, illegal mining activities, among many others. How does mining contribute to local employment? In 2024, the mining trade provided direct employment to almost **** a million people in South Africa. The largest employer of all mineral commodities produced was the platinum group metals (PGMs), which employed nearly ** percent of the total. In terms of production volume, coal was South Africa’s largest produced commodity over the past decade. Revenue and leading mining companies Although PGMs generated close to ** percent of the accumulated revenue from South African mining activities, it suffered a significant decline in 2024. On the other hand, the proceeds made from gold mining have increased by roughly **** percent from the previous year. As a result of global geopolitical precariousness, rising inflation, and economic growth concerns, gold has strengthened its position as a resilient and trusted asset. Gold Fields is the leading mining company in South Africa, with a market capitalization amounting to about *** billion South African rand (nearly **** billion U.S. dollars. The firm has agreed to form a joint venture with Anglo Gold with the aim of creating the largest gold mine in Africa, whereby Goldfields will hold ********** of its stake.

GDP from Mining in South Africa increased to 204106 ZAR Million in the second quarter of 2025 from 196879.51 ZAR Million in the first quarter of 2025. This dataset provides the latest reported value for - South Africa Gdp From Mining - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.