Gross Domestic Product — Value Standard Local Currency, annual growth in South Africa
South Africa: Gross Domestic Product — Value Standard Local Currency, annual growth was 4.45 % change on previous year in 2024. ▼ Falling
Gross Domestic Product — Value Standard Local Currency, annual growth in South Africa, 1971–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
The most recent figure for gross domestic product — value standard local currency, annual growth in South Africa is 4.45 % change on previous year, measured in 2024.
The figure is down 13.7% on the previous year and down 35.2% over ten years.
Over the whole period, gross domestic product — value standard local currency, annual growth in South Africa peaked at 33.18 % change on previous year in 1980 and was at its lowest, -1.02 % change on previous year, in 2020.
That places South Africa 162nd out of 218 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently falling across the 54 years of available data.
Gross Domestic Product — Value Standard Local Currency, annual growth in South Africa, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1971 | 10.52 % change on previous year | — |
| 1972 | 12.85 % change on previous year | +22.2% |
| 1973 | 23.74 % change on previous year | +84.7% |
| 1974 | 22.98 % change on previous year | -3.2% |
| 1975 | 12.55 % change on previous year | -45.4% |
| 1976 | 12.9 % change on previous year | +2.8% |
| 1977 | 11.06 % change on previous year | -14.2% |
| 1978 | 15.05 % change on previous year | +36.0% |
| 1979 | 19.49 % change on previous year | +29.6% |
| 1980 | 33.18 % change on previous year | +70.2% |
| 1981 | 15.82 % change on previous year | -52.3% |
| 1982 | 13.5 % change on previous year | -14.7% |
| 1983 | 14.42 % change on previous year | +6.8% |
| 1984 | 17.21 % change on previous year | +19.4% |
| 1985 | 15.38 % change on previous year | -10.6% |
| 1986 | 17.08 % change on previous year | +11.0% |
| 1987 | 16.9 % change on previous year | -1.1% |
| 1988 | 20.02 % change on previous year | +18.4% |
| 1989 | 20.07 % change on previous year | +0.2% |
| 1990 | 15.15 % change on previous year | -24.5% |
| 1991 | 17.65 % change on previous year | +16.5% |
| 1992 | 15.16 % change on previous year | -14.1% |
| 1993 | 17.58 % change on previous year | +16.0% |
| 1994 | 13.33 % change on previous year | -24.2% |
| 1995 | 14.27 % change on previous year | +7.1% |
| 1996 | 12.67 % change on previous year | -11.3% |
| 1997 | 10.95 % change on previous year | -13.6% |
| 1998 | 8.62 % change on previous year | -21.3% |
| 1999 | 9.45 % change on previous year | +9.7% |
| 2000 | 13.77 % change on previous year | +45.6% |
| 2001 | 10.71 % change on previous year | -22.2% |
| 2002 | 16.7 % change on previous year | +55.9% |
| 2003 | 9.53 % change on previous year | -42.9% |
| 2004 | 10.87 % change on previous year | +14.0% |
| 2005 | 11.17 % change on previous year | +2.7% |
| 2006 | 12.01 % change on previous year | +7.5% |
| 2007 | 14.05 % change on previous year | +17.0% |
| 2008 | 11.29 % change on previous year | -19.6% |
| 2009 | 6.99 % change on previous year | -38.1% |
| 2010 | 9.35 % change on previous year | +33.8% |
| 2011 | 8.88 % change on previous year | -5.0% |
| 2012 | 7.19 % change on previous year | -19.0% |
| 2013 | 8.47 % change on previous year | +17.8% |
| 2014 | 6.86 % change on previous year | -19.1% |
| 2015 | 6.94 % change on previous year | +1.2% |
| 2016 | 7.66 % change on previous year | +10.4% |
| 2017 | 6.69 % change on previous year | -12.6% |
| 2018 | 5.61 % change on previous year | -16.2% |
| 2019 | 4.89 % change on previous year | -12.9% |
| 2020 | -1.02 % change on previous year | -120.8% |
| 2021 | 11.51 % change on previous year | -1231.0% |
| 2022 | 6.76 % change on previous year | -41.3% |
| 2023 | 5.15 % change on previous year | -23.8% |
| 2024 | 4.45 % change on previous year | -13.7% |
Biggest year-on-year movements
Years where Gross Domestic Product — Value Standard Local Currency, annual growth in South Africa changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2021 | +1231.0% | -1.02 % change on previous year | 11.51 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 15.68 % change on previous year | 10.52 % change on previous year | 23.74 % change on previous year | 9 |
| 1980s | 18.36 % change on previous year | 13.5 % change on previous year | 33.18 % change on previous year | 10 |
| 1990s | 13.48 % change on previous year | 8.62 % change on previous year | 17.65 % change on previous year | 10 |
| 2000s | 11.71 % change on previous year | 6.99 % change on previous year | 16.7 % change on previous year | 10 |
| 2010s | 7.26 % change on previous year | 4.89 % change on previous year | 9.35 % change on previous year | 10 |
| 2020s | 5.37 % change on previous year | -1.02 % change on previous year | 11.51 % change on previous year | 5 |
Countries ranked near South Africa
- 159 Dominica 4.49 % change on previous year compare
- 160 United Arab Emirates 4.46 % change on previous year compare
- 161 El Salvador 4.46 % change on previous year compare
- 163 Jordan 4.43 % change on previous year compare
- 164 Costa Rica 4.37 % change on previous year compare
- 165 Djibouti 4.32 % change on previous year compare
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)
- Foreign direct investment, net outflows (BoP, current US$), gaps -4.01 billion BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit -0.0094 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita -61.95 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled -2.16 billion BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual -192.73 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit -0.0051 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita -33.37 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 16.18 % change on previous year (2025)
Frequently asked questions
- What is gross domestic product — value standard local currency, annual growth in South Africa?
- Gross domestic product — value standard local currency, annual growth in South Africa was 4.45 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest gross domestic product — value standard local currency, annual growth recorded in South Africa?
- The highest recorded value was 33.18 % change on previous year in 1980.
- What is the lowest gross domestic product — value standard local currency, annual growth recorded in South Africa?
- The lowest recorded value was -1.02 % change on previous year in 2020.
- How does South Africa rank for gross domestic product — value standard local currency, annual growth?
- South Africa ranks 162nd out of 218 countries with data for 2024.
- Is gross domestic product — value standard local currency, annual growth rising or falling in South Africa?
- Over the last ten years it is down 35.2%. The long-run trend across the full record is falling.
- Where does this South Africa data come from?
- The figures come from Statizoid (derived), published as part of Gross Domestic Product — Value Standard Local Currency, annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 54 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Gross Domestic Product — Value Standard Local Currency. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross Domestic Product — Value Standard Local Currency Food and Agriculture Organization of the United Nations
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Gross Domestic Product — Value Standard Local Currency. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.