Gross Domestic Product — Value US$, 2015 prices in South Africa
South Africa: Gross Domestic Product — Value US$, 2015 prices was 364,746 million USD in 2024. ▲ Rising
Gross Domestic Product — Value US$, 2015 prices in South Africa, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million USD.
Analysis
In 2024, gross domestic product — value us$, 2015 prices in South Africa stood at 364,746 million USD. That is the highest value across all 55 years on record.
The figure is up 0.6% on the previous year and up 6.7% over ten years.
Over the whole period, gross domestic product — value us$, 2015 prices in South Africa peaked at 364,746 million USD in 2024 and was at its lowest, 105,542 million USD, in 1970.
That places South Africa 39th out of 203 countries with data for 2024, putting it in the top quarter.
The long-run direction has been consistently rising across the 55 years of available data.
Gross Domestic Product — Value US$, 2015 prices in South Africa, year by year
| Year | million USD | Change |
|---|---|---|
| 1970 | 105,542 million USD | — |
| 1971 | 110,058 million USD | +4.3% |
| 1972 | 111,879 million USD | +1.7% |
| 1973 | 116,994 million USD | +4.6% |
| 1974 | 124,144 million USD | +6.1% |
| 1975 | 126,248 million USD | +1.7% |
| 1976 | 129,089 million USD | +2.3% |
| 1977 | 128,967 million USD | -0.1% |
| 1978 | 132,855 million USD | +3.0% |
| 1979 | 137,891 million USD | +3.8% |
| 1980 | 147,020 million USD | +6.6% |
| 1981 | 154,902 million USD | +5.4% |
| 1982 | 154,308 million USD | -0.4% |
| 1983 | 151,459 million USD | -1.8% |
| 1984 | 159,182 million USD | +5.1% |
| 1985 | 157,253 million USD | -1.2% |
| 1986 | 157,281 million USD | +0.0% |
| 1987 | 160,585 million USD | +2.1% |
| 1988 | 167,330 million USD | +4.2% |
| 1989 | 171,337 million USD | +2.4% |
| 1990 | 170,793 million USD | -0.3% |
| 1991 | 173,630 million USD | +1.7% |
| 1992 | 174,519 million USD | +0.5% |
| 1993 | 181,454 million USD | +4.0% |
| 1994 | 187,260 million USD | +3.2% |
| 1995 | 193,065 million USD | +3.1% |
| 1996 | 201,367 million USD | +4.3% |
| 1997 | 206,603 million USD | +2.6% |
| 1998 | 207,636 million USD | +0.5% |
| 1999 | 212,619 million USD | +2.4% |
| 2000 | 221,549 million USD | +4.2% |
| 2001 | 227,531 million USD | +2.7% |
| 2002 | 235,950 million USD | +3.7% |
| 2003 | 242,909 million USD | +2.9% |
| 2004 | 253,972 million USD | +4.6% |
| 2005 | 267,374 million USD | +5.3% |
| 2006 | 282,357 million USD | +5.6% |
| 2007 | 297,493 million USD | +5.4% |
| 2008 | 306,986 million USD | +3.2% |
| 2009 | 302,265 million USD | -1.5% |
| 2010 | 311,453 million USD | +3.0% |
| 2011 | 321,321 million USD | +3.2% |
| 2012 | 329,021 million USD | +2.4% |
| 2013 | 337,198 million USD | +2.5% |
| 2014 | 341,966 million USD | +1.4% |
| 2015 | 346,486 million USD | +1.3% |
| 2016 | 348,789 million USD | +0.7% |
| 2017 | 352,828 million USD | +1.2% |
| 2018 | 358,320 million USD | +1.6% |
| 2019 | 359,252 million USD | +0.3% |
| 2020 | 337,828 million USD | -6.0% |
| 2021 | 353,716 million USD | +4.7% |
| 2022 | 360,474 million USD | +1.9% |
| 2023 | 362,643 million USD | +0.6% |
| 2024 | 364,746 million USD | +0.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 122,367 million USD | 105,542 million USD | 137,891 million USD | 10 |
| 1980s | 158,066 million USD | 147,020 million USD | 171,337 million USD | 10 |
| 1990s | 190,895 million USD | 170,793 million USD | 212,619 million USD | 10 |
| 2000s | 263,839 million USD | 221,549 million USD | 306,986 million USD | 10 |
| 2010s | 340,663 million USD | 311,453 million USD | 359,252 million USD | 10 |
| 2020s | 355,881 million USD | 337,828 million USD | 364,746 million USD | 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)
- Imports of goods and services (constant 2015 US$), annual growth rate 1.14 % change on previous year (2025)
- Imports of goods and services (constant 2015 US$), per unit of GDP 0.244 constant 2015 US$ per US$ of GDP (2025)
- Imports of goods and services (constant 2015 US$), per capita 1,610 constant 2015 US$ per person (2025)
- External balance on goods and services (current US$), annual growth 4.97 % change on previous year (2025)
- External balance on goods and services (current LCU), annual growth 2.45 % change on previous year (2025)
- Agriculture, forestry, and fishing, value added (current LCU), annual 4.54 % change on previous year (2025)
- Agriculture, forestry, and fishing, value added (current LCU), per 0.5058 current LCU per US$ of GDP (2025)
- Agriculture, forestry, and fishing, value added (current LCU), per 3,337 current LCU per person (2025)
Frequently asked questions
- What is gross domestic product — value us$, 2015 prices in South Africa?
- Gross domestic product — value us$, 2015 prices in South Africa was 364,746 million USD in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross domestic product — value us$, 2015 prices recorded in South Africa?
- The highest recorded value was 364,746 million USD in 2024.
- What is the lowest gross domestic product — value us$, 2015 prices recorded in South Africa?
- The lowest recorded value was 105,542 million USD in 1970.
- How does South Africa rank for gross domestic product — value us$, 2015 prices?
- South Africa ranks 39th out of 203 countries with data for 2024.
- Is gross domestic product — value us$, 2015 prices rising or falling in South Africa?
- Over the last ten years it is up 6.7%. The long-run trend across the full record is rising.
- 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 US$, 2015 prices. Statizoid updates them automatically from the source API.
Download this data
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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).