Gross value added at basic prices (GVA) in South Africa
South Africa: Gross value added at basic prices (GVA) was 6.88 trillion current LCU in 2025. ◆ Volatile
Latest (2025)
6.88 trillion current LCU
Change on year
up 3.8%
World rank
65th
of 207 countries
All-time high
6.88 trillion current LCU
in 2025
All-time low
5.98 billion current LCU
in 1960
Years of data
66
1960–2025
Gross value added at basic prices (GVA) in South Africa, 1960–2025
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current LCU.
Analysis
In 2025, gross value added at basic prices (gva) in South Africa stood at 6.88 trillion current LCU. That is the highest value across all 66 years on record.
The figure is up 3.8% on the previous year and up 72.7% over ten years.
Over the whole period, gross value added at basic prices (gva) in South Africa peaked at 6.88 trillion current LCU in 2025 and was at its lowest, 5.98 billion current LCU, in 1960.
That places South Africa 65th out of 207 countries with data for 2025, 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 value added at basic prices (GVA) in South Africa, year by year
| Year | current LCU | Change |
|---|---|---|
| 1960 | 5.98 billion current LCU | — |
| 1961 | 6.33 billion current LCU | +5.8% |
| 1962 | 6.73 billion current LCU | +6.3% |
| 1963 | 7.44 billion current LCU | +10.6% |
| 1964 | 8.17 billion current LCU | +9.9% |
| 1965 | 8.96 billion current LCU | +9.6% |
| 1966 | 9.74 billion current LCU | +8.8% |
| 1967 | 10.84 billion current LCU | +11.3% |
| 1968 | 11.71 billion current LCU | +8.1% |
| 1969 | 13.07 billion current LCU | +11.6% |
| 1970 | 14.38 billion current LCU | +10.0% |
| 1971 | 15.88 billion current LCU | +10.4% |
| 1972 | 17.91 billion current LCU | +12.8% |
| 1973 | 22.00 billion current LCU | +22.8% |
| 1974 | 26.90 billion current LCU | +22.3% |
| 1975 | 30.32 billion current LCU | +12.7% |
| 1976 | 34.12 billion current LCU | +12.5% |
| 1977 | 37.34 billion current LCU | +9.4% |
| 1978 | 42.31 billion current LCU | +13.3% |
| 1979 | 49.95 billion current LCU | +18.1% |
| 1980 | 65.88 billion current LCU | +31.9% |
| 1981 | 77.12 billion current LCU | +17.1% |
| 1982 | 87.00 billion current LCU | +12.8% |
| 1983 | 100.39 billion current LCU | +15.4% |
| 1984 | 116.65 billion current LCU | +16.2% |
| 1985 | 133.40 billion current LCU | +14.4% |
| 1986 | 155.49 billion current LCU | +16.6% |
| 1987 | 182.56 billion current LCU | +17.4% |
| 1988 | 217.69 billion current LCU | +19.2% |
| 1989 | 259.26 billion current LCU | +19.1% |
| 1990 | 299.46 billion current LCU | +15.5% |
| 1991 | 344.77 billion current LCU | +15.1% |
| 1992 | 390.45 billion current LCU | +13.3% |
| 1993 | 445.70 billion current LCU | +14.2% |
| 1994 | 503.12 billion current LCU | +12.9% |
| 1995 | 575.15 billion current LCU | +14.3% |
| 1996 | 649.32 billion current LCU | +12.9% |
| 1997 | 720.08 billion current LCU | +10.9% |
| 1998 | 778.18 billion current LCU | +8.1% |
| 1999 | 850.88 billion current LCU | +9.3% |
| 2000 | 969.21 billion current LCU | +13.9% |
| 2001 | 1.07 trillion current LCU | +10.8% |
| 2002 | 1.26 trillion current LCU | +16.9% |
| 2003 | 1.37 trillion current LCU | +9.4% |
| 2004 | 1.51 trillion current LCU | +9.8% |
| 2005 | 1.67 trillion current LCU | +10.6% |
| 2006 | 1.86 trillion current LCU | +11.6% |
| 2007 | 2.12 trillion current LCU | +14.0% |
| 2008 | 2.38 trillion current LCU | +12.1% |
| 2009 | 2.56 trillion current LCU | +7.8% |
| 2010 | 2.80 trillion current LCU | +9.2% |
| 2011 | 3.04 trillion current LCU | +8.3% |
| 2012 | 3.24 trillion current LCU | +6.6% |
| 2013 | 3.50 trillion current LCU | +8.2% |
| 2014 | 3.74 trillion current LCU | +6.8% |
| 2015 | 3.98 trillion current LCU | +6.5% |
| 2016 | 4.29 trillion current LCU | +7.7% |
| 2017 | 4.59 trillion current LCU | +7.1% |
| 2018 | 4.83 trillion current LCU | +5.2% |
| 2019 | 5.06 trillion current LCU | +4.7% |
| 2020 | 5.04 trillion current LCU | -0.4% |
| 2021 | 5.59 trillion current LCU | +11.1% |
| 2022 | 5.99 trillion current LCU | +7.1% |
| 2023 | 6.32 trillion current LCU | +5.5% |
| 2024 | 6.63 trillion current LCU | +4.8% |
| 2025 | 6.88 trillion current LCU | +3.8% |
South Africa compared with similar countries
- South Africa's 6.88 trillion current LCU is above the median for upper middle income countries, which is 896.75 billion current LCU, 7.7× the median. (58 countries reporting)
- South Africa's 6.88 trillion current LCU is below the median for Sub-Saharan Africa, which is 7.39 trillion current LCU, 93% of the median. (47 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 8.90 billion current LCU | 5.98 billion current LCU | 13.07 billion current LCU | 10 |
| 1970s | 29.11 billion current LCU | 14.38 billion current LCU | 49.95 billion current LCU | 10 |
| 1980s | 139.54 billion current LCU | 65.88 billion current LCU | 259.26 billion current LCU | 10 |
| 1990s | 555.71 billion current LCU | 299.46 billion current LCU | 850.88 billion current LCU | 10 |
| 2000s | 1.68 trillion current LCU | 969.21 billion current LCU | 2.56 trillion current LCU | 10 |
| 2010s | 3.91 trillion current LCU | 2.80 trillion current LCU | 5.06 trillion current LCU | 10 |
| 2020s | 6.07 trillion current LCU | 5.04 trillion current LCU | 6.88 trillion current LCU | 6 |
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 value added at basic prices (gva) in South Africa?
- Gross value added at basic prices (gva) in South Africa was 6.88 trillion current LCU in 2025, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross value added at basic prices (gva) recorded in South Africa?
- The highest recorded value was 6.88 trillion current LCU in 2025.
- What is the lowest gross value added at basic prices (gva) recorded in South Africa?
- The lowest recorded value was 5.98 billion current LCU in 1960.
- How does South Africa rank for gross value added at basic prices (gva)?
- South Africa ranks 65th out of 207 countries with data for 2025.
- Is gross value added at basic prices (gva) rising or falling in South Africa?
- Over the last ten years it is up 72.7%. The long-run trend across the full record is volatile.
- Where does this South Africa data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of Gross value added at basic prices (GVA) (current LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 66 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Gross value added at basic prices reflects the price of products receivable by the producer exclusive of taxes payable on products and inclusive of subsidies receivable on products, less intermediate consumption valued at purchasers' prices. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.