GDP Growth Rate
Year -
0.58%
In 2024, South Africa experienced a significant a decrease in its GDP growth rate, which fall to 0.58% from 0.7% in 2023. Additionally, the GDP per capita growth rate in South Africa decrease to -0.67% in 2024, compared to -0.63% in 2023.
In 2024, South Africa experienced a decrease in economic performance, with the GDP growth rate falling by 0.12%. Additionally, the GDP per capita growth rate decrease by 0.04%.
| Year | GDP Growth | Net Chg | GDP Capita Growth | Net Chg |
|---|---|---|---|---|
| 1961 | 3.84% | 3.84% | 0.97% | 0.97% |
| 1962 | 6.18% | 2.34% | 3.07% | 2.10% |
| 1963 | 7.37% | 1.19% | 4.17% | 1.10% |
| 1964 | 7.94% | 0.57% | 4.69% | 0.52% |
| 1965 | 6.12% | -1.82% | 2.91% | -1.78% |
| 1966 | 4.44% | -1.68% | 1.25% | -1.66% |
| 1967 | 7.2% | 2.76% | 3.9% | 2.65% |
| 1968 | 4.15% | -3.05% | 0.96% | -2.94% |
| 1969 | 4.72% | 0.57% | 1.53% | 0.57% |
| 1970 | 5.25% | 0.53% | 2.11% | 0.58% |
| 1971 | 4.28% | -0.97% | 1.27% | -0.84% |
| 1972 | 1.65% | -2.63% | -1.22% | -2.49% |
| 1973 | 4.57% | 2.92% | 1.62% | 2.84% |
| 1974 | 6.11% | 1.54% | 3.16% | 1.54% |
| 1975 | 1.7% | -4.41% | -1.08% | -4.24% |
| 1976 | 2.25% | 0.55% | -0.48% | 0.60% |
| 1977 | -0.09% | -2.34% | -2.76% | -2.28% |
| 1978 | 3.01% | 3.10% | 0.24% | 3.00% |
| 1979 | 3.79% | 0.78% | 1.02% | 0.78% |
| 1980 | 6.62% | 2.83% | 3.43% | 2.41% |
| 1981 | 5.36% | -1.26% | 1.83% | -1.60% |
| 1982 | -0.38% | -5.74% | -3.77% | -5.60% |
| 1983 | -1.85% | -1.47% | -5.22% | -1.45% |
| 1984 | 5.1% | 6.95% | 1.52% | 6.74% |
| 1985 | -1.21% | -6.31% | -4.45% | -5.97% |
| 1986 | 0.02% | 1.23% | -3.13% | 1.32% |
| 1987 | 2.1% | 2.08% | -1.03% | 2.10% |
| 1988 | 4.2% | 2.10% | 1.07% | 2.10% |
| 1989 | 2.39% | -1.81% | -0.57% | -1.64% |
| 1990 | -0.32% | -2.71% | -3.05% | -2.48% |
| 1991 | -1.02% | -0.70% | -3.25% | -0.20% |
| 1992 | -2.14% | -1.12% | -3.88% | -0.63% |
| 1993 | 1.23% | 3.37% | -0.76% | 3.12% |
| 1994 | 3.2% | 1.97% | 1.54% | 2.30% |
| 1995 | 3.1% | -0.10% | 1.86% | 0.32% |
| 1996 | 4.3% | 1.20% | 2.96% | 1.10% |
| 1997 | 2.6% | -1.70% | 1.38% | -1.58% |
| 1998 | 0.5% | -2.10% | -0.71% | -2.09% |
| 1999 | 2.4% | 1.90% | 1.29% | 2.00% |
| 2000 | 4.2% | 1.80% | 3.25% | 1.96% |
| 2001 | 2.7% | -1.50% | 1.82% | -1.43% |
| 2002 | 3.7% | 1.00% | 2.72% | 0.90% |
| 2003 | 2.95% | -0.75% | 1.93% | -0.79% |
| 2004 | 4.55% | 1.60% | 3.51% | 1.58% |
| 2005 | 5.28% | 0.73% | 4.22% | 0.71% |
| 2006 | 5.6% | 0.32% | 4.53% | 0.31% |
| 2007 | 5.36% | -0.24% | 4.25% | -0.28% |
| 2008 | 3.19% | -2.17% | 2.01% | -2.24% |
| 2009 | -1.54% | -4.73% | -2.71% | -4.72% |
| 2010 | 3.04% | 4.58% | 1.83% | 4.54% |
| 2011 | 3.17% | 0.13% | 1.9% | 0.07% |
| 2012 | 2.4% | -0.77% | 0.9% | -1.00% |
| 2013 | 2.49% | 0.09% | 0.81% | -0.09% |
| 2014 | 1.41% | -1.08% | -0.26% | -1.07% |
| 2015 | 1.32% | -0.09% | -0.69% | -0.43% |
| 2016 | 0.66% | -0.66% | -0.28% | 0.41% |
| 2017 | 1.16% | 0.50% | 0.5% | 0.78% |
| 2018 | 1.56% | 0.40% | -0.14% | -0.64% |
| 2019 | 0.26% | -1.30% | -1.38% | -1.24% |
| 2020 | -6.17% | -6.43% | -7.68% | -6.30% |
| 2021 | 4.96% | 11.13% | 3.35% | 11.03% |
| 2022 | 1.91% | -3.05% | 0.48% | -2.87% |
| 2023 | 0.7% | -1.21% | -0.63% | -1.11% |
| 2024 | 0.58% | -0.12% | -0.67% | -0.04% |