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.

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.

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 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.

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.

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.

• 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.

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.

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.

South Africa ZA: GDP: Linked Series data was reported at 7,023,994.456 ZAR mn in 2023. This records an increase from the previous number of 6,655,523.778 ZAR mn for 2022. South Africa ZA: GDP: Linked Series data is updated yearly, averaging 2,202,121.887 ZAR mn from Dec 1990 (Median) to 2023, with 34 observations. The data reached an all-time high of 7,023,994.456 ZAR mn in 2023 and a record low of 327,231.668 ZAR mn in 1990. South Africa ZA: GDP: Linked Series 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. 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. This series has been linked to produce a consistent time series to counteract breaks in series over time due to changes in base years, source data and methodologies. Thus, it may not be comparable with other national accounts series in the database for historical years. Data are in current local currency.;World Bank staff estimates based on World Bank national accounts data archives, OECD National Accounts, and the IMF WEO database.;;

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...

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.

• 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.

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.

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

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

Historical dataset showing South Africa gdp growth rate by year from 1961 to 2023.

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.

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.