South Africa GDP Growth Rate (YoY)
South Africa's GDP growth rate (YoY) was 0.6% in Q2 2025, down from 0.8% in Q1 2025. This is the slowest growth in three quarters. The slowdown occurred due to contractions in the transport, storage and communications sector which fell by 0.8% and the construction sector, down 0.3%. Manufacturing output increased by 1.8% and mining by 3.7%. Gross fixed capital formation declined for the third consecutive quarter. South Africa's record low GDP annual growth rate (YoY) was -16.2% in Q2 2020 and record high was 19.4% in Q2 2021.
Quarterly Historical Data (1994-2025)
(in %)Recent Events
South Africa GDP Growth Rate (YoY) : Definition
South Africa's year-on-year GDP Growth Rate (YoY) measures the percentage change in the country's total economic output compared to the same quarter in the previous year. It is calculated by comparing the Gross Domestic Product value of the current quarter against its value from one year prior. Key components influencing this rate include household consumption, gross fixed capital formation (investment), government spending and net exports.