South Africa GDP Per Capita 2024

[ Nominal GDP Per Capita in USD ]

Year -

$6,267.19

Source: world bank Nominal/PPP
Summary:

South Africa GDP Per Capita expanded from 1960 to 2024, increasing from $532.15 to $6,267.19 .The compound annual growth rate (CAGR) averaged 3.93% 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 39.68%, 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$)
Latest Year20242024
Latest GDP Per Capita$ 6,267.19 dollars$ 15,456.20 Int dollars
Growth (YoY)3.86%1.687%
Net Change vs Previous Year$ 232.91 dollars$ 256.47 Int dollars
% of World GDP Per Capita5.65%7.74%
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
1960532.15-----
1961545.6613.512.539 %---
1962563.4217.773.256 %---
1963604.5441.117.297 %---
1964645.8741.346.838 %---
1965684.6238.755.999 %---
1966721.7537.135.424 %---
1967778.8457.097.909 %---
1968817.1338.294.916 %---
1969890.9273.799.031 %---
1970952.3561.436.895 %---
19711020.4468.097.149 %---
19721038.3917.951.759 %---
19731369.16330.7731.854 %---
19741656.29287.1320.971 %---
19751670.1213.830.835 %---
19761559-111.12-6.653 %---
19771671.47112.477.214 %---
19781851.75180.2910.786 %---
19792201.52349.7718.888 %---
19803028.97827.4637.586 %---
19813049.7120.740.685 %---
19822717.16-332.55-10.904 %---
19832938.49221.338.145 %---
19842504.08-434.41-14.784 %---
19851839.48-664.59-26.54 %---
19862027.47187.9810.219 %---
19872586.27558.8127.562 %---
19882702.06115.784.477 %---
19892726.7124.650.912 %---
19903093.49366.7813.451 %6381.67--
19913243.24149.754.841 %6382.811.130.018 %
19923462.39219.166.757 %6275.01-107.79-1.689 %
19933399.64-62.75-1.812 %6374.7899.771.59 %
19943488.688.962.617 %6611.29236.513.71 %
19953855.63367.0410.521 %6875.19263.93.992 %
19963617.55-238.08-6.175 %7208.01332.824.841 %
19973700.2482.682.286 %7433.36225.353.126 %
19983309.61-390.63-10.557 %7463.4430.090.405 %
19993242.37-67.24-2.032 %7666.72203.272.724 %
20003217.85-24.52-0.756 %8095.29428.585.59 %
20012847.15-370.7-11.52 %8428.32333.024.114 %
20022688.24-158.92-5.582 %8792.36364.044.319 %
20034062.221373.9851.111 %9138.83346.473.941 %
20045221.461159.2528.537 %9713.65574.836.29 %
20055836.88615.4111.786 %10440.63726.977.484 %
20066077.38240.514.12 %11250.18809.557.754 %
20076591.86514.478.465 %12046.61796.437.079 %
20086184.75-407.1-6.176 %12525.26478.663.973 %
20096374.71189.953.071 %12261.41-263.85-2.107 %
20107973.471598.7725.08 %12637.29375.883.066 %
20118646.06672.588.435 %13143.19505.94.003 %
20128076.98-569.08-6.582 %12986.8-156.4-1.19 %
20137331.65-745.32-9.228 %13369.44382.642.946 %
20146856.73-474.92-6.478 %13358.94-10.5-0.079 %
20156112.27-744.46-10.857 %13397.5238.580.289 %
20165651.21-461.07-7.543 %13519.32121.80.909 %
20176618.34967.1317.114 %13738.44219.121.621 %
20186914.18295.844.47 %13347.36-391.08-2.847 %
20196533.71-380.47-5.503 %13361.4914.120.106 %
20205580.6-953.11-14.588 %12671.09-690.4-5.167 %
20216828.761248.1522.366 %13681.951010.877.978 %
20226534.25-294.51-4.313 %14749.051067.097.799 %
20236034.27-499.98-7.652 %15199.73450.693.056 %
20246267.19232.913.86 %15456.2256.471.687 %

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.

  • Expansion (1961–1962) indicating steady moderate growth
  • High Growth (1963–1967) indicating robust economic expansion
  • High Growth (1969–1971) 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 (1986–1987) indicating robust economic expansion
  • Expansion (1988–1989) indicating steady moderate growth
  • Contraction (1999–2000) indicating temporary slowdown
  • High Growth (2003–2005) indicating robust economic expansion
  • High Growth (2010–2011) indicating robust economic expansion
  • Contraction (2012–2014) indicating temporary slowdown
  • Contraction (2022–2023) indicating temporary slowdown
  • Expansion (2024–2024) indicating steady moderate growth

The most remarkable growth occurred in 2003 with an increase of 51.111%, while the largest decline was in 1985 at -26.54%.