[ Nominal GDP in billions of USD ]
Year -
$401.15 billions
South Africa GDP expanded from 1960 to 2024, increasing from $8.75 billion to $401.15 billion.The compound annual growth rate (CAGR) averaged 6.16% over the period. The economy recorded its peak level in 2011 and its lowest level in 1960. Growth volatility remained high. The maximum drawdown reached 32.99%, indicating the largest cyclical decline from peak levels. The country experienced 10 recession episode(s) during the observed period.
| Metric | Nominal GDP (Current USD) | GDP (PPP, Int$) |
|---|---|---|
| Latest Year | 2024 | 2024 |
| Latest GDP | $ 401.15 Billions | $ 989.31 Int Billions |
| Growth (YoY) | 5.166% | 2.966% |
| Net Change vs Previous Year | $ 19.70 Billion | $ 28.50 Int Billion |
| % of World GDP | 0.36% | 0.50% |
| Meaning | Nominal GDP (Current USD, exchange-rate based) | GDP (PPP, cost-of-living adjusted) |
| Nominal | PPP | |||||
|---|---|---|---|---|---|---|
| Year | Bil $ | Net Chg | % Chg | Int Bil $ | Net Chg | % Chg |
| 1960 | 8.75 | - | - | - | - | - |
| 1961 | 9.23 | 0.48 | 5.457 % | - | - | - |
| 1962 | 9.81 | 0.59 | 6.373 % | - | - | - |
| 1963 | 10.85 | 1.04 | 10.599 % | - | - | - |
| 1964 | 11.96 | 1.1 | 10.151 % | - | - | - |
| 1965 | 13.07 | 1.11 | 9.309 % | - | - | - |
| 1966 | 14.21 | 1.14 | 8.741 % | - | - | - |
| 1967 | 15.82 | 1.61 | 11.329 % | - | - | - |
| 1968 | 17.12 | 1.3 | 8.238 % | - | - | - |
| 1969 | 19.26 | 2.13 | 12.451 % | - | - | - |
| 1970 | 21.22 | 1.96 | 10.185 % | - | - | - |
| 1971 | 23.41 | 2.19 | 10.334 % | - | - | - |
| 1972 | 24.52 | 1.1 | 4.719 % | - | - | - |
| 1973 | 33.26 | 8.75 | 35.678 % | - | - | - |
| 1974 | 41.39 | 8.13 | 24.431 % | - | - | - |
| 1975 | 42.91 | 1.52 | 3.667 % | - | - | - |
| 1976 | 41.15 | -1.76 | -4.094 % | - | - | - |
| 1977 | 45.33 | 4.18 | 10.153 % | - | - | - |
| 1978 | 51.61 | 6.28 | 13.852 % | - | - | - |
| 1979 | 63.04 | 11.43 | 22.15 % | - | - | - |
| 1980 | 89.41 | 26.37 | 41.837 % | - | - | - |
| 1981 | 93.14 | 3.73 | 4.171 % | - | - | - |
| 1982 | 85.9 | -7.24 | -7.77 % | - | - | - |
| 1983 | 96.2 | 10.3 | 11.99 % | - | - | - |
| 1984 | 84.87 | -11.33 | -11.781 % | - | - | - |
| 1985 | 64.46 | -20.41 | -24.049 % | - | - | - |
| 1986 | 73.35 | 8.9 | 13.8 % | - | - | - |
| 1987 | 96.54 | 23.18 | 31.601 % | - | - | - |
| 1988 | 103.98 | 7.44 | 7.708 % | - | - | - |
| 1989 | 108.06 | 4.08 | 3.923 % | - | - | - |
| 1990 | 126.05 | 17.99 | 16.651 % | 260.03 | - | - |
| 1991 | 135.2 | 9.16 | 7.264 % | 266.09 | 6.06 | 2.329 % |
| 1992 | 146.96 | 11.75 | 8.692 % | 266.33 | 0.25 | 0.093 % |
| 1993 | 147.2 | 0.24 | 0.163 % | 276.01 | 9.68 | 3.633 % |
| 1994 | 153.51 | 6.32 | 4.292 % | 290.92 | 14.91 | 5.403 % |
| 1995 | 171.74 | 18.22 | 11.871 % | 306.23 | 15.31 | 5.262 % |
| 1996 | 163.24 | -8.5 | -4.95 % | 325.25 | 19.02 | 6.209 % |
| 1997 | 168.98 | 5.74 | 3.518 % | 339.46 | 14.21 | 4.369 % |
| 1998 | 152.98 | -16 | -9.466 % | 344.99 | 5.53 | 1.629 % |
| 1999 | 151.52 | -1.47 | -0.958 % | 358.27 | 13.28 | 3.849 % |
| 2000 | 151.75 | 0.24 | 0.156 % | 381.77 | 23.5 | 6.56 % |
| 2001 | 135.43 | -16.32 | -10.756 % | 400.91 | 19.14 | 5.012 % |
| 2002 | 129.09 | -6.34 | -4.683 % | 422.2 | 21.3 | 5.312 % |
| 2003 | 197.02 | 67.93 | 52.624 % | 443.24 | 21.03 | 4.981 % |
| 2004 | 255.81 | 58.79 | 29.839 % | 475.89 | 32.65 | 7.366 % |
| 2005 | 288.87 | 33.06 | 12.924 % | 516.71 | 40.82 | 8.578 % |
| 2006 | 303.86 | 14.99 | 5.19 % | 562.49 | 45.78 | 8.861 % |
| 2007 | 333.08 | 29.22 | 9.616 % | 608.7 | 46.21 | 8.215 % |
| 2008 | 316.13 | -16.95 | -5.088 % | 640.22 | 31.53 | 5.179 % |
| 2009 | 329.75 | 13.62 | 4.309 % | 634.27 | -5.96 | -0.931 % |
| 2010 | 417.36 | 87.61 | 26.568 % | 661.49 | 27.22 | 4.292 % |
| 2011 | 458.2 | 40.84 | 9.784 % | 696.53 | 35.04 | 5.297 % |
| 2012 | 434.4 | -23.8 | -5.194 % | 698.46 | 1.94 | 0.278 % |
| 2013 | 400.89 | -33.52 | -7.715 % | 731.03 | 32.56 | 4.662 % |
| 2014 | 381.2 | -19.69 | -4.911 % | 742.69 | 11.66 | 1.595 % |
| 2015 | 346.71 | -34.49 | -9.048 % | 759.96 | 17.27 | 2.325 % |
| 2016 | 323.59 | -23.12 | -6.67 % | 774.11 | 14.16 | 1.863 % |
| 2017 | 381.45 | 57.86 | 17.882 % | 791.82 | 17.71 | 2.287 % |
| 2018 | 405.26 | 23.81 | 6.243 % | 782.33 | -9.49 | -1.198 % |
| 2019 | 389.33 | -15.93 | -3.931 % | 796.18 | 13.85 | 1.771 % |
| 2020 | 337.98 | -51.36 | -13.191 % | 767.39 | -28.79 | -3.616 % |
| 2021 | 419.99 | 82.01 | 24.265 % | 841.48 | 74.09 | 9.654 % |
| 2022 | 407.6 | -12.39 | -2.95 % | 920.02 | 78.55 | 9.334 % |
| 2023 | 381.44 | -26.16 | -6.417 % | 960.81 | 40.79 | 4.433 % |
| 2024 | 401.15 | 19.7 | 5.166 % | 989.31 | 28.5 | 2.966 % |
Between 1960 to 2024, South Africa experienced the following economic phases:
The most remarkable growth occurred in 2003 with an increase of 52.624%, while the largest decline was in 1985 at -24.049%.