South Africa GDP Per Capita 2024

[ Nominal GDP Per Capita in USD ]

Year -

$401.15

Source: world bank Nominal/PPP
Summary:

South Africa GDP Per Capita expanded from 1960 to 2024, increasing from $8.75 to $401.15 .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.

Latest GDP Per Capita of South Africa 2024 – Nominal vs PPP

MetricNominal GDP (Current USD)GDP (PPP, Int$)
Latest Year20242024
Latest GDP Per Capita$ 401.15 dollars$ 989.31 Int dollars
Growth (YoY)5.166%2.966%
Net Change vs Previous Year$ 19.70 dollars$ 28.50 Int dollars
% of World GDP Per Capita0.36%0.50%
MeaningNominal GDP Per Capita (Current USD, exchange-rate based)GDP (PPP, cost-of-living adjusted)
South Africa GDP | South Africa GDP Growth

South Africa Annual GDP Per Capita From 1960 to 2024

Source: Worldbank Nominal PPP

NominalPPP
YearDollar $Net Chg $% ChgInt $Net Chg $% Chg
19608.75-----
19619.230.485.457 %---
19629.810.596.373 %---
196310.851.0410.599 %---
196411.961.110.151 %---
196513.071.119.309 %---
196614.211.148.741 %---
196715.821.6111.329 %---
196817.121.38.238 %---
196919.262.1312.451 %---
197021.221.9610.185 %---
197123.412.1910.334 %---
197224.521.14.719 %---
197333.268.7535.678 %---
197441.398.1324.431 %---
197542.911.523.667 %---
197641.15-1.76-4.094 %---
197745.334.1810.153 %---
197851.616.2813.852 %---
197963.0411.4322.15 %---
198089.4126.3741.837 %---
198193.143.734.171 %---
198285.9-7.24-7.77 %---
198396.210.311.99 %---
198484.87-11.33-11.781 %---
198564.46-20.41-24.049 %---
198673.358.913.8 %---
198796.5423.1831.601 %---
1988103.987.447.708 %---
1989108.064.083.923 %---
1990126.0517.9916.651 %260.03--
1991135.29.167.264 %266.096.062.329 %
1992146.9611.758.692 %266.330.250.093 %
1993147.20.240.163 %276.019.683.633 %
1994153.516.324.292 %290.9214.915.403 %
1995171.7418.2211.871 %306.2315.315.262 %
1996163.24-8.5-4.95 %325.2519.026.209 %
1997168.985.743.518 %339.4614.214.369 %
1998152.98-16-9.466 %344.995.531.629 %
1999151.52-1.47-0.958 %358.2713.283.849 %
2000151.750.240.156 %381.7723.56.56 %
2001135.43-16.32-10.756 %400.9119.145.012 %
2002129.09-6.34-4.683 %422.221.35.312 %
2003197.0267.9352.624 %443.2421.034.981 %
2004255.8158.7929.839 %475.8932.657.366 %
2005288.8733.0612.924 %516.7140.828.578 %
2006303.8614.995.19 %562.4945.788.861 %
2007333.0829.229.616 %608.746.218.215 %
2008316.13-16.95-5.088 %640.2231.535.179 %
2009329.7513.624.309 %634.27-5.96-0.931 %
2010417.3687.6126.568 %661.4927.224.292 %
2011458.240.849.784 %696.5335.045.297 %
2012434.4-23.8-5.194 %698.461.940.278 %
2013400.89-33.52-7.715 %731.0332.564.662 %
2014381.2-19.69-4.911 %742.6911.661.595 %
2015346.71-34.49-9.048 %759.9617.272.325 %
2016323.59-23.12-6.67 %774.1114.161.863 %
2017381.4557.8617.882 %791.8217.712.287 %
2018405.2623.816.243 %782.33-9.49-1.198 %
2019389.33-15.93-3.931 %796.1813.851.771 %
2020337.98-51.36-13.191 %767.39-28.79-3.616 %
2021419.9982.0124.265 %841.4874.099.654 %
2022407.6-12.39-2.95 %920.0278.559.334 %
2023381.44-26.16-6.417 %960.8140.794.433 %
2024401.1519.75.166 %989.3128.52.966 %

South Africa Economic Phases (1960 - 2024)

From 1960 to 2024, South Africa economy moved through multiple cyclical phases marked by alternating periods of rapid expansion and contraction.

  • High Growth (1961–1971) indicating robust economic expansion
  • High Growth (1973–1974) indicating robust economic expansion
  • High Growth (1977–1980) indicating robust economic expansion
  • Crisis (1984–1985) indicating severe economic downturn
  • High Growth (1986–1988) indicating robust economic expansion
  • High Growth (1990–1992) indicating robust economic expansion
  • Expansion (1993–1994) indicating steady moderate growth
  • Contraction (1998–1999) indicating temporary slowdown
  • High Growth (2003–2007) indicating robust economic expansion
  • High Growth (2010–2011) indicating robust economic expansion
  • Contraction (2012–2016) indicating temporary slowdown
  • High Growth (2017–2018) indicating robust economic expansion
  • Contraction (2022–2023) indicating temporary slowdown
  • High Growth (2024–2024) indicating robust economic expansion

The most remarkable growth occurred in 2003 with an increase of 52.624%, while the largest decline was in 1985 at -24.049%.