Gross Domestic Product — Value Standard Local Currency in South Africa
South Africa: Gross Domestic Product — Value Standard Local Currency was 7.28 million million SLC in 2024. ◆ Volatile
Gross Domestic Product — Value Standard Local Currency in South Africa, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million SLC.
Analysis
The most recent figure for gross domestic product — value standard local currency in South Africa is 7.28 million million SLC, measured in 2024. That is the highest value across all 55 years on record.
The figure is up 4.4% on the previous year and up 76.1% over ten years.
Over the whole period, gross domestic product — value standard local currency in South Africa peaked at 7.28 million million SLC in 2024 and was at its lowest, 13,326 million SLC, in 1970.
That places South Africa 67th out of 218 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Domestic Product — Value Standard Local Currency in South Africa, year by year
| Year | million SLC | Change |
|---|---|---|
| 1970 | 13,326 million SLC | — |
| 1971 | 14,727 million SLC | +10.5% |
| 1972 | 16,620 million SLC | +12.9% |
| 1973 | 20,566 million SLC | +23.7% |
| 1974 | 25,292 million SLC | +23.0% |
| 1975 | 28,466 million SLC | +12.5% |
| 1976 | 32,138 million SLC | +12.9% |
| 1977 | 35,694 million SLC | +11.1% |
| 1978 | 41,065 million SLC | +15.0% |
| 1979 | 49,070 million SLC | +19.5% |
| 1980 | 65,354 million SLC | +33.2% |
| 1981 | 75,693 million SLC | +15.8% |
| 1982 | 85,911 million SLC | +13.5% |
| 1983 | 98,296 million SLC | +14.4% |
| 1984 | 115,210 million SLC | +17.2% |
| 1985 | 132,935 million SLC | +15.4% |
| 1986 | 155,644 million SLC | +17.1% |
| 1987 | 181,952 million SLC | +16.9% |
| 1988 | 218,381 million SLC | +20.0% |
| 1989 | 262,203 million SLC | +20.1% |
| 1990 | 301,939 million SLC | +15.2% |
| 1991 | 355,228 million SLC | +17.6% |
| 1992 | 409,073 million SLC | +15.2% |
| 1993 | 480,994 million SLC | +17.6% |
| 1994 | 545,093 million SLC | +13.3% |
| 1995 | 622,901 million SLC | +14.3% |
| 1996 | 701,804 million SLC | +12.7% |
| 1997 | 778,644 million SLC | +10.9% |
| 1998 | 845,733 million SLC | +8.6% |
| 1999 | 925,690 million SLC | +9.5% |
| 2000 | 1.05 million million SLC | +13.8% |
| 2001 | 1.17 million million SLC | +10.7% |
| 2002 | 1.36 million million SLC | +16.7% |
| 2003 | 1.49 million million SLC | +9.5% |
| 2004 | 1.65 million million SLC | +10.9% |
| 2005 | 1.84 million million SLC | +11.2% |
| 2006 | 2.06 million million SLC | +12.0% |
| 2007 | 2.35 million million SLC | +14.0% |
| 2008 | 2.61 million million SLC | +11.3% |
| 2009 | 2.79 million million SLC | +7.0% |
| 2010 | 3.06 million million SLC | +9.4% |
| 2011 | 3.33 million million SLC | +8.9% |
| 2012 | 3.57 million million SLC | +7.2% |
| 2013 | 3.87 million million SLC | +8.5% |
| 2014 | 4.13 million million SLC | +6.9% |
| 2015 | 4.42 million million SLC | +6.9% |
| 2016 | 4.76 million million SLC | +7.7% |
| 2017 | 5.08 million million SLC | +6.7% |
| 2018 | 5.36 million million SLC | +5.6% |
| 2019 | 5.63 million million SLC | +4.9% |
| 2020 | 5.57 million million SLC | -1.0% |
| 2021 | 6.21 million million SLC | +11.5% |
| 2022 | 6.63 million million SLC | +6.8% |
| 2023 | 6.97 million million SLC | +5.2% |
| 2024 | 7.28 million million SLC | +4.4% |
South Africa compared with similar countries
- South Africa's 7.28 million million SLC is above the median for upper middle income countries, which is 913,929 million SLC, 8.0× the median. (54 countries reporting)
- South Africa's 7.28 million million SLC is below the median for Sub-Saharan Africa, which is 8.81 million million SLC, 83% of the median. (45 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 27,696 million SLC | 13,326 million SLC | 49,070 million SLC | 10 |
| 1980s | 139,158 million SLC | 65,354 million SLC | 262,203 million SLC | 10 |
| 1990s | 596,710 million SLC | 301,939 million SLC | 925,690 million SLC | 10 |
| 2000s | 1.84 million million SLC | 1.05 million million SLC | 2.79 million million SLC | 10 |
| 2010s | 4.32 million million SLC | 3.06 million million SLC | 5.63 million million SLC | 10 |
| 2020s | 6.53 million million SLC | 5.57 million million SLC | 7.28 million million SLC | 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)
- 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 in South Africa?
- Gross domestic product — value standard local currency in South Africa was 7.28 million million SLC in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross domestic product — value standard local currency recorded in South Africa?
- The highest recorded value was 7.28 million million SLC in 2024.
- What is the lowest gross domestic product — value standard local currency recorded in South Africa?
- The lowest recorded value was 13,326 million SLC in 1970.
- How does South Africa rank for gross domestic product — value standard local currency?
- South Africa ranks 67th out of 218 countries with data for 2024.
- Is gross domestic product — value standard local currency rising or falling in South Africa?
- Over the last ten years it is up 76.1%. The long-run trend across the full record is volatile.
- Where does this South Africa data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Gross Domestic Product — Value Standard Local Currency. Statizoid updates them automatically from the source API.
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About this data
The FAOSTAT Macro Indicators database provides a selection of country-level macro indicators relating to total economy (Gross Domestic Product, Gross Fixed Capital Formation); agriculture activity; agriculture, forestry and fishing activity; total manufacturing activity; manufacturing of food products and beverages activity; manufacturing activity of tobacco products; and manufacturing activity of food, beverage and tobacco products.It releases time series for a selection of National Accounts variables, including gross domestic product, gross fixed capital formation, industry-level value added and gross output. The database also proposes additional indicators such as gross domestic product per capita, year-on-year growth rates and measures of industry contribution to gross domestic product. All data relating to Gross Domestic Product, Gross Fixed Capital Formation, agriculture, forestry and fishing activity, and to total manufacturing activity originates from the United Nations Statistics Division (UNSD) National Accounts Estimates of Main Aggregates database, which consists of a complete and consistent set of time series of the main National Accounts aggregates of all UN Members States and other territories in the world for which National Accounts information is available. The UNSD database's content is based on the countries' official National Accounts data reported to UNSD through the annual National Accounts Questionnaire, supplemented with data estimates for any years and countries with incomplete or inconsistent information (See http://unstats.un.org/unsd/snaama/Introduction.asp). Data series relating to the sub-industry Agriculture activity are obtained from the UNSD national accounts Official Country Data databases while series on the Manufacturing activity of food and beverages products, manufacturing activity of tobacco products and manufacturing activity of food, beverages and tobacco products originates from the United Nations Industrial Development Organization (UNIDO) INDSTAT2 database. In order to ensure that sub-industry series are consistent in levels with National Accounts based series, which is needed to support comparability across industries (agriculture vs. agro-industry and sub-industries), UNIDO originating series are rescaled on UNSD National Accounts Estimates of Main Aggregates data series (See Section 17.5 for a more detailed description of the data processing steps).