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South Africa GDP

South Africa's GDP rose to $400.26 billion in 2024, up from $380.7 billion in 2023, according to World Bank. This represents an increase of 5.1% ($19.56 billion) from the previous year and accounts for 0.36% of the world's total GDP. South Africa has GDP higher than the global median ($400.26 billion vs median $35.85 billion). Compared with the median in Africa, South Africa is higher ($400.26 billion vs regional median $20.75 billion) and ranks 1st out of 52 countries in Africa.

South Africa's GDP per capita fell to $5,708.96 in 2024, down from $5,747.42 in 2023.

Yearly Historical Data (1960-2024)

(in Billion USD)
Year GDP (Billion USD)
2024 400.26
2023 380.7
2022 406.92
2021 420.89
2020 337.97
2019 389.33
2018 405.26
2017 381.45
2016 323.59
2015 346.71
2014 381.2
2013 400.89
2012 434.4
2011 458.2
2010 417.36
2009 329.75
2008 316.13
2007 333.08
2006 303.86
2005 288.87
2004 255.81
2003 197.02
2002 129.09
2001 135.43
2000 151.75
1999 151.52
1998 152.98
1997 168.98
1996 163.23
1995 171.74
1994 153.51
1993 147.19
1992 146.96
1991 135.2
1990 126.05
1989 108.06
1988 103.98
1987 96.54
1986 73.35
1985 64.46
1984 84.87
1983 96.2
1982 85.9
1981 93.14
1980 89.41
1979 63.04
1978 51.61
1977 45.33
1976 41.15
1975 42.91
1974 41.39
1973 33.26
1972 24.52
1971 23.41
1970 21.22
1969 19.26
1968 17.12
1967 15.82
1966 14.21
1965 13.07
1964 11.96
1963 10.85
1962 9.81
1961 9.23
1960 8.75
South Africa GDP : Definition
GDP measures the total value of all goods and services produced in South Africa, measured in current US dollars. It is also called Nominal GDP.
Indicator Last Value Prior Value Period
GDP Annual Growth Rate 0.58% 0.7% 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