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South Africa GDP Annual Growth Rate

South Africa's GDP annual growth rate fell to 0.58% in 2024, down from 0.7% in 2023, according to World Bank. This represents a decrease of 0.12% from the previous year. South Africa has GDP annual growth rate lower than the global median (0.58% vs median 3.24%). Compared with the median in Africa, South Africa is lower (0.58% vs regional median 3.99%) and ranks 49th out of 52 countries in Africa.

South Africa's real GDP rose to $365.41 billion in 2024, up from $363.31 billion in 2023.

Yearly Historical Data (1961-2024)

(in %)
Year GDP Annual Growth Rate (%)
2024 0.58%
2023 0.7%
2022 1.91%
2021 4.96%
2020 -6.17%
2019 0.26%
2018 1.56%
2017 1.16%
2016 0.66%
2015 1.32%
2014 1.41%
2013 2.49%
2012 2.4%
2011 3.17%
2010 3.04%
2009 -1.54%
2008 3.19%
2007 5.36%
2006 5.6%
2005 5.28%
2004 4.55%
2003 2.95%
2002 3.7%
2001 2.7%
2000 4.2%
1999 2.4%
1998 0.5%
1997 2.6%
1996 4.3%
1995 3.1%
1994 3.2%
1993 1.23%
1992 -2.14%
1991 -1.02%
1990 -0.32%
1989 2.39%
1988 4.2%
1987 2.1%
1986 0.02%
1985 -1.21%
1984 5.1%
1983 -1.85%
1982 -0.38%
1981 5.36%
1980 6.62%
1979 3.79%
1978 3.01%
1977 -0.09%
1976 2.25%
1975 1.7%
1974 6.11%
1973 4.57%
1972 1.65%
1971 4.28%
1970 5.25%
1969 4.72%
1968 4.15%
1967 7.2%
1966 4.44%
1965 6.12%
1964 7.94%
1963 7.37%
1962 6.18%
1961 3.84%
South Africa GDP Annual Growth Rate : Definition
GDP Annual Growth Rate measures the yearly percentage change in South Africa's total economic output.
Indicator Last Value Prior Value Period
GDP $400.26B $380.7B 2024
GDP Growth Rate (QoQ) 0.8% 0.1% Jun'25
GDP Growth Rate (YoY) 0.6% 0.8% Jun'25
GDP per Capita $5,708.96 $5,747.42 2024
GDP per Capita PPP $13,598.79 $13,690.39 2024
R&D Expenditure (% GDP) 0.62% 0.62% 2022
Real GDP $365.41B $363.31B 2024