South Africa Real GDP
South Africa's real GDP rose to $365.41 billion in 2024, up from $363.31 billion in 2023, according to World Bank. This represents an increase of 0.6% ($2.11 billion) from the previous year and accounts for 0.38% of the world's total real GDP. South Africa has real GDP higher than the global median ($365.41 billion vs median $29.34 billion). Compared with the median in Africa, South Africa is higher ($365.41 billion vs regional median $17.15 billion) and ranks 3rd 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)South Africa Real GDP : Definition
Real GDP is defined as the value of all goods and services produced in South Africa, measured in US dollars adjusted to 2015 prices. By fixing prices to a base year, it removes the effect of inflation, so this represents real GDP rather than nominal GDP.