GDP Growth Rate
Year -
0.60%
In 2023, South Africa experienced a significant a decrease in its GDP growth rate, which fall to 0.60% from 1.91% in 2022. Additionally, the GDP per capita growth rate in South Africa decrease to -0.27% in 2023, compared to 1.06% in 2022.
In 2023, South Africa experienced a decrease in economic performance, with the GDP growth rate falling by 1.31%. Additionally, the GDP per capita growth rate decrease by 1.33%.
| Year | GDP Growth | Net Chg | GDP Capita Growth | Net Chg |
|---|---|---|---|---|
| 1961 | 3.84% | 3.84% | 0.98% | 0.98% |
| 1962 | 6.18% | 2.34% | 3.06% | 2.08% |
| 1963 | 7.37% | 1.19% | 4.17% | 1.11% |
| 1964 | 7.94% | 0.57% | 4.69% | 0.52% |
| 1965 | 6.12% | -1.82% | 2.89% | -1.80% |
| 1966 | 4.44% | -1.68% | 1.26% | -1.63% |
| 1967 | 7.2% | 2.76% | 3.94% | 2.68% |
| 1968 | 4.15% | -3.05% | 0.99% | -2.95% |
| 1969 | 4.72% | 0.57% | 1.56% | 0.57% |
| 1970 | 5.25% | 0.53% | 2.12% | 0.56% |
| 1971 | 4.28% | -0.97% | 1.28% | -0.84% |
| 1972 | 1.65% | -2.63% | -1.21% | -2.49% |
| 1973 | 4.57% | 2.92% | 1.64% | 2.85% |
| 1974 | 6.11% | 1.54% | 3.17% | 1.53% |
| 1975 | 1.7% | -4.41% | -1.07% | -4.24% |
| 1976 | 2.25% | 0.55% | -0.46% | 0.61% |
| 1977 | -0.09% | -2.34% | -2.74% | -2.28% |
| 1978 | 3.01% | 3.10% | 0.27% | 3.01% |
| 1979 | 3.79% | 0.78% | 1.07% | 0.80% |
| 1980 | 6.62% | 2.83% | 3.85% | 2.78% |
| 1981 | 5.36% | -1.26% | 2.68% | -1.17% |
| 1982 | -0.38% | -5.74% | -2.92% | -5.60% |
| 1983 | -1.85% | -1.47% | -4.44% | -1.52% |
| 1984 | 5.1% | 6.95% | 2.2% | 6.64% |
| 1985 | -1.21% | -6.31% | -4.09% | -6.29% |
| 1986 | 0.02% | 1.23% | -3.21% | 0.88% |
| 1987 | 2.1% | 2.08% | -1.41% | 1.80% |
| 1988 | 4.2% | 2.10% | 0.65% | 2.06% |
| 1989 | 2.39% | -1.81% | -0.98% | -1.63% |
| 1990 | -0.32% | -2.71% | -3.34% | -2.36% |
| 1991 | -1.02% | -0.70% | -3.52% | -0.18% |
| 1992 | -2.14% | -1.12% | -4.13% | -0.61% |
| 1993 | 1.23% | 3.37% | -0.59% | 3.54% |
| 1994 | 3.2% | 1.97% | 1.43% | 2.02% |
| 1995 | 3.1% | -0.10% | 1.42% | -0.01% |
| 1996 | 4.3% | 1.20% | 2.72% | 1.30% |
| 1997 | 2.6% | -1.70% | 1.19% | -1.53% |
| 1998 | 0.5% | -2.10% | -0.74% | -1.93% |
| 1999 | 2.4% | 1.90% | 1.27% | 2.01% |
| 2000 | 4.2% | 1.80% | 3.2% | 1.93% |
| 2001 | 2.7% | -1.50% | 1.79% | -1.41% |
| 2002 | 3.7% | 1.00% | 2.76% | 0.97% |
| 2003 | 2.95% | -0.75% | 2% | -0.76% |
| 2004 | 4.55% | 1.60% | 3.58% | 1.58% |
| 2005 | 5.28% | 0.73% | 4.29% | 0.71% |
| 2006 | 5.6% | 0.32% | 4.59% | 0.30% |
| 2007 | 5.36% | -0.24% | 4.3% | -0.29% |
| 2008 | 3.19% | -2.17% | 2.03% | -2.27% |
| 2009 | -1.54% | -4.73% | -2.7% | -4.73% |
| 2010 | 3.04% | 4.58% | 1.82% | 4.52% |
| 2011 | 3.17% | 0.13% | 1.87% | 0.05% |
| 2012 | 2.4% | -0.77% | 1.04% | -0.83% |
| 2013 | 2.49% | 0.09% | 1.1% | 0.06% |
| 2014 | 1.41% | -1.08% | -0.17% | -1.27% |
| 2015 | 1.32% | -0.09% | -0.76% | -0.59% |
| 2016 | 0.66% | -0.66% | -0.31% | 0.45% |
| 2017 | 1.16% | 0.50% | 0.77% | 1.08% |
| 2018 | 1.56% | 0.40% | 0.32% | -0.45% |
| 2019 | 0.26% | -1.30% | -1.03% | -1.35% |
| 2020 | -5.96% | -6.22% | -7.11% | -6.08% |
| 2021 | 4.7% | 10.66% | 3.66% | 10.77% |
| 2022 | 1.91% | -2.79% | 1.06% | -2.60% |
| 2023 | 0.6% | -1.31% | -0.27% | -1.33% |