GDP (current US$), annual growth rate in South Africa

South Africa: GDP (current US$), annual growth rate was 5.14 % change on previous year in 2024. ◆ Volatile

Latest (2024)
5.14 % change on previous year
Change on year
up 179.7%
World rank
119th
of 211 countries
All-time high
52.62 % change on previous year
in 2003
All-time low
-24.05 % change on previous year
in 1985
Years of data
54
1971–2024

GDP (current US$), annual growth rate in South Africa, 1971–2024

-200204060197119972024

Source: Statizoid (derived). Measured in % change on previous year.

Analysis

The most recent figure for gdp (current us$), annual growth rate in South Africa is 5.14 % change on previous year, measured in 2024.

Compared with earlier readings it is up 179.7% on the previous year and up 204.6% over ten years.

Over the whole period, gdp (current us$), annual growth rate in South Africa peaked at 52.62 % change on previous year in 2003 and was at its lowest, -24.05 % change on previous year, in 1985.

That places South Africa 119th out of 211 countries with data for 2024, putting it in the middle of the range.

The series is highly variable year to year, so single readings are best treated with caution.

GDP (current US$), annual growth rate in South Africa, year by year

Annual values for GDP (current US$), annual growth rate in South Africa, 1971 to 2024.
Year % change on previous year Change
1971 10.33 % change on previous year
1972 4.72 % change on previous year -54.3%
1973 35.68 % change on previous year +656.0%
1974 24.43 % change on previous year -31.5%
1975 3.67 % change on previous year -85.0%
1976 -4.09 % change on previous year -211.6%
1977 10.15 % change on previous year -348.0%
1978 13.85 % change on previous year +36.4%
1979 22.15 % change on previous year +59.9%
1980 41.84 % change on previous year +88.9%
1981 4.17 % change on previous year -90.0%
1982 -7.77 % change on previous year -286.3%
1983 11.99 % change on previous year -254.3%
1984 -11.78 % change on previous year -198.3%
1985 -24.05 % change on previous year +104.1%
1986 13.8 % change on previous year -157.4%
1987 31.6 % change on previous year +129.0%
1988 7.71 % change on previous year -75.6%
1989 3.92 % change on previous year -49.1%
1990 16.65 % change on previous year +324.4%
1991 7.26 % change on previous year -56.4%
1992 8.69 % change on previous year +19.7%
1993 0.1626 % change on previous year -98.1%
1994 4.29 % change on previous year +2539.2%
1995 11.87 % change on previous year +176.6%
1996 -4.95 % change on previous year -141.7%
1997 3.52 % change on previous year -171.1%
1998 -9.47 % change on previous year -369.0%
1999 -0.9583 % change on previous year -89.9%
2000 0.1558 % change on previous year -116.3%
2001 -10.76 % change on previous year -7005.8%
2002 -4.68 % change on previous year -56.5%
2003 52.62 % change on previous year -1223.8%
2004 29.84 % change on previous year -43.3%
2005 12.92 % change on previous year -56.7%
2006 5.19 % change on previous year -59.8%
2007 9.62 % change on previous year +85.3%
2008 -5.09 % change on previous year -152.9%
2009 4.31 % change on previous year -184.7%
2010 26.57 % change on previous year +516.5%
2011 9.78 % change on previous year -63.2%
2012 -5.19 % change on previous year -153.1%
2013 -7.72 % change on previous year +48.5%
2014 -4.91 % change on previous year -36.3%
2015 -9.05 % change on previous year +84.2%
2016 -6.67 % change on previous year -26.3%
2017 17.88 % change on previous year -368.1%
2018 6.24 % change on previous year -65.1%
2019 -3.93 % change on previous year -163.0%
2020 -13.19 % change on previous year +235.5%
2021 24.53 % change on previous year -286.0%
2022 -3.32 % change on previous year -113.5%
2023 -6.44 % change on previous year +94.2%
2024 5.14 % change on previous year -179.7%

South Africa compared with similar countries

  • South Africa's 5.14 % change on previous year is below the median for upper middle income countries, which is 5.6 % change on previous year, 92% of the median. (58 countries reporting)
  • South Africa's 5.14 % change on previous year is below the median for Sub-Saharan Africa, which is 7.12 % change on previous year, 72% of the median. (48 countries reporting)

Biggest year-on-year movements

Years where GDP (current US$), annual growth rate in South Africa changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.

YearChange FromTo
2001 -7005.8% 0.1558 % change on previous year -10.76 % change on previous year
1994 +2539.2% 0.1626 % change on previous year 4.29 % change on previous year
2003 +1223.8% -4.68 % change on previous year 52.62 % change on previous year

Averages by decade

DecadeAverage LowestHighest Years
1970s 13.43 % change on previous year -4.09 % change on previous year 35.68 % change on previous year 9
1980s 7.14 % change on previous year -24.05 % change on previous year 41.84 % change on previous year 10
1990s 3.71 % change on previous year -9.47 % change on previous year 16.65 % change on previous year 10
2000s 9.41 % change on previous year -10.76 % change on previous year 52.62 % change on previous year 10
2010s 2.3 % change on previous year -9.05 % change on previous year 26.57 % change on previous year 10
2020s 1.34 % change on previous year -13.19 % change on previous year 24.53 % change on previous year 5

Countries ranked near South Africa

  1. 116 Tuvalu 5.44 % change on previous year compare
  2. 117 United States 5.28 % change on previous year compare
  3. 118 Ukraine 5.25 % change on previous year compare
  4. 120 Senegal 5.12 % change on previous year compare
  5. 121 Grenada 5.09 % change on previous year compare
  6. 122 Russia 4.94 % change on previous year compare

See the full ranking of 211 places →

More population data for South Africa

All data for South Africa →

Frequently asked questions

What is gdp (current us$), annual growth rate in South Africa?
Gdp (current us$), annual growth rate in South Africa was 5.14 % change on previous year in 2024, according to Statizoid (derived).
What is the highest gdp (current us$), annual growth rate recorded in South Africa?
The highest recorded value was 52.62 % change on previous year in 2003.
What is the lowest gdp (current us$), annual growth rate recorded in South Africa?
The lowest recorded value was -24.05 % change on previous year in 1985.
How does South Africa rank for gdp (current us$), annual growth rate?
South Africa ranks 119th out of 211 countries with data for 2024.
Is gdp (current us$), annual growth rate rising or falling in South Africa?
Over the last ten years it is up 204.6%. The long-run trend across the full record is volatile.
Where does this South Africa data come from?
The figures come from Statizoid (derived), published as part of GDP (current US$), annual growth rate. Statizoid updates them automatically from the source API.

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GDP (current US$), annual growth rate in South Africa. Statizoid, drawing on Statizoid (derived). Retrieved 21 September 2026, from https://population.statizoid.com/stat/gdp-current-us-annual-growth-rate-2/south-africa/

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How this figure is calculated

The year-on-year percentage change in GDP (current US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.

Computed from

Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.

About this data

Indicator
GDP (current US$), annual growth rate
Unit
% change on previous year
Source
Statizoid (derived)
Licence
Derived by Statizoid from the sources named on the page
Coverage
211 places, 10,102 data points, 1971–2024
Last refreshed

The year-on-year percentage change in GDP (current US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.