Annual gdp growth in South Africa
South Africa: Annual gdp growth was 0.7 in 2023. ◆ Volatile
Latest (2023)
0.7
Change on year
down 63.4%
World rank
168th
of 211 countries
All-time high
5.6
in 2006
All-time low
-6.17
in 2020
Years of data
24
2000–2023
Annual gdp growth in South Africa, 2000–2023
Source: Our World in Data.
Analysis
In 2023, annual gdp growth in South Africa stood at 0.7.
Compared with earlier readings it is down 63.4% on the previous year and down 71.9% over ten years.
Over the whole period, annual gdp growth in South Africa peaked at 5.6 in 2006 and was at its lowest, -6.17, in 2020.
That places South Africa 168th out of 211 countries with data for 2023, putting it 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 | +37.0% |
| 2003 | 2.95 | -20.3% |
| 2004 | 4.55 | +54.2% |
| 2005 | 5.28 | +16.0% |
| 2006 | 5.6 | +6.1% |
| 2007 | 5.36 | -4.3% |
| 2008 | 3.19 | -40.5% |
| 2009 | -1.54 | -148.3% |
| 2010 | 3.04 | -297.4% |
| 2011 | 3.17 | +4.3% |
| 2012 | 2.4 | -24.3% |
| 2013 | 2.49 | +3.8% |
| 2014 | 1.41 | -43.4% |
| 2015 | 1.32 | -6.4% |
| 2016 | 0.66 | -50.0% |
| 2017 | 1.16 | +75.8% |
| 2018 | 1.56 | +34.5% |
| 2019 | 0.26 | -83.3% |
| 2020 | -6.17 | -2473.1% |
| 2021 | 4.96 | -180.4% |
| 2022 | 1.91 | -61.5% |
| 2023 | 0.7 | -63.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 3.6 | -1.54 | 5.6 | 10 |
| 2010s | 1.75 | 0.26 | 3.17 | 10 |
| 2020s | 0.35 | -6.17 | 4.96 | 4 |
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)
- GDP (current US$), annual growth rate 6.49 % change on previous year (2025)
- GDP (current US$), per capita 6,598 current US$ per person (2025)
- GDP (current LCU), annual growth rate 3.94 % change on previous year (2025)
- GDP (current LCU), per unit of GDP 17.89 current LCU per US$ of GDP (2025)
- GDP (current LCU), per capita 118,025 current LCU per person (2025)
- GDP (constant 2015 US$), annual growth rate 1.11 % change on previous year (2025)
- GDP (constant 2015 US$), per unit of GDP 0.8659 constant 2015 US$ per US$ of GDP (2025)
- GDP (constant 2015 US$), per capita 5,713 constant 2015 US$ per person (2025)
Frequently asked questions
- What is annual gdp growth in South Africa?
- Annual gdp growth in South Africa was 0.7 in 2023, according to Our World in Data.
- 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 -6.17 in 2020.
- How does South Africa rank for annual gdp growth?
- South Africa ranks 168th out of 211 countries with data for 2023.
- Is annual gdp growth rising or falling in South Africa?
- Over the last ten years it is down 71.9%. The long-run trend across the full record is volatile.
- Where does this South Africa data come from?
- The figures come from Our World in Data, published as part of Annual gdp growth. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 24 observations, free to reuse under CC BY 4.0 (Our World in Data).