South Africa GDP Annual Growth Rate: 0.8% (2024)

GROSS DOMESTIC PRODUCT (ANNUAL RATE OF GROWTH)

Real GDP in South Africa is estimated to be $366 Billion US dollars at the end of 2024.

The economy of South Africa has grown at an average annual growth rate of 2.1% in the last four years and is ranked the 3rd largest economy in Africa, ahead of Algeria.

World Economics Rates South Africa's Offical GDP Data as Grade B

GDP Annual Growth Rate: South Africa


Source: World Bank, World Economics
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Economic Indicators: South Africa 2021 2022 2023 2024
GDP Annual Growth Rate (%) 5.0 1.9 0.7 0.8
GDP per Capita Annual Growth Rate (%) 3.4 0.5 -0.6 1.0
Real GDP (US$ Billions, 2010) 354 361 363 366
Real GDP per Capita (US$, 2010) 5,756 5,784 5,747 5,804
Current GDP (Billions, US$) 421 407 381 384
Current GDP per Capita (US$) 6,843 6,523 6,023 6,082
Real GDP PPP (Billions, 2017) 842 858 863 870
Real GDP per Capita PPP (int$ 2017) 13,168 13,286 13,280 13,186
Data Quality Rating for South Africa See how much you can trust South Africa's GDP Data




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SOUTH AFRICA'S ECONOMICS
SOUTH AFRICA'S DEMOGRAPHY
SOUTH AFRICA'S ENVIRONMENT, SOCIAL & GOVERNANCE
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