Annual GDP growth in South Africa
South Africa: Annual GDP growth was 0.5% in 2024. ◆ Volatile
Latest (2024)
0.5%
Change on year
down 33.7%
World rank
170th
of 196 countries
All-time high
5.6%
in 2006
All-time low
-6.2%
in 2020
Years of data
25
2000–2024
Annual GDP growth in South Africa, 2000–2024
Source: United Nations Statistics Division, SDG Global Database.
Analysis
South Africa recorded 0.5% for annual gdp growth in 2024.
That represents a change of down 33.7% on the previous year and down 62.2% over ten years.
Over the whole period, annual gdp growth in South Africa peaked at 5.6% in 2006 and was at its lowest, -6.2%, in 2020.
South Africa ranks 170th of 196 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Annual GDP growth in South Africa, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 4.2% | — |
| 2001 | 2.7% | -35.7% |
| 2002 | 3.7% | +37.1% |
| 2003 | 2.9% | -20.3% |
| 2004 | 4.6% | +54.4% |
| 2005 | 5.3% | +15.9% |
| 2006 | 5.6% | +6.2% |
| 2007 | 5.4% | -4.3% |
| 2008 | 3.2% | -40.5% |
| 2009 | -1.5% | -148.2% |
| 2010 | 3.0% | -297.6% |
| 2011 | 3.2% | +4.2% |
| 2012 | 2.4% | -24.4% |
| 2013 | 2.5% | +3.7% |
| 2014 | 1.4% | -43.1% |
| 2015 | 1.3% | -6.5% |
| 2016 | 0.7% | -49.7% |
| 2017 | 1.2% | +74.2% |
| 2018 | 1.6% | +34.4% |
| 2019 | 0.3% | -83.3% |
| 2020 | -6.2% | -2473.2% |
| 2021 | 4.9% | -178.8% |
| 2022 | 2.1% | -57.6% |
| 2023 | 0.8% | -60.8% |
| 2024 | 0.5% | -33.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 3.6% | -1.5% | 5.6% | 10 |
| 2010s | 1.7% | 0.3% | 3.2% | 10 |
| 2020s | 0.4% | -6.2% | 4.9% | 5 |
Countries ranked near South Africa
More economy & growth data for South Africa
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 0.4836 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 1.4 Percent per annum (2029)
- Industry (including construction), value added (constant 2015 US$) -1.57 % change on previous year (2025)
- Industry (including construction), value added (constant 2015 US$) 0.1684 constant 2015 US$ per US$ of GDP (2025)
- Industry (including construction), value added (constant 2015 US$) 1,111 constant 2015 US$ per person (2025)
- Industry (including construction), value added (constant LCU), annual -1.57 % change on previous year (2025)
- Industry (including construction), value added (constant LCU), per 2.15 constant LCU per US$ of GDP (2025)
- Industry (including construction), value added (constant LCU), per 14,168 constant LCU per person (2025)
- Services, value added (current US$), annual growth rate 6.62 % change on previous year (2025)
- Services, value added (current US$), per unit of GDP 0.6307 current US$ per US$ of GDP (2025)
Frequently asked questions
- What is annual gdp growth in South Africa?
- Annual gdp growth in South Africa was 0.5% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest annual gdp growth recorded in South Africa?
- The highest recorded value was 5.6% in 2006.
- What is the lowest annual gdp growth recorded in South Africa?
- The lowest recorded value was -6.2% in 2020.
- How does South Africa rank for annual gdp growth?
- South Africa ranks 170th out of 196 countries with data for 2024.
- Is annual gdp growth rising or falling in South Africa?
- Over the last ten years it is down 62.2%. The long-run trend across the full record is volatile.
- Where does this South Africa data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Annual GDP growth (%). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 25 observations, free to reuse under UN SDG Global Database (open, attribution requested).