South Africa's annual economic growth moderated to 2% in 2022, from 4.9% a year earlier. The main drivers of growth were private investment (4.7%) and household consumption (2.6%). Meanwhile, net external demand contributed negatively to the GDP, as imports (14.2%) rose faster than exports (7.5%). South Africa's economy is now 0.3% bigger than it was in 2019 before the COVID-19 pandemic, but the expansion was smaller than a 3.5% rise in the country's population over the same period. Six industries have yet to recover to their pre-pandemic levels. Construction is the worst in shape, remaining 23,1% smaller than what it was before the pandemic. source: World Bank

Full Year GDP Growth in South Africa averaged 2.81 percent from 1961 until 2022, reaching an all time high of 7.94 percent in 1964 and a record low of -6.43 percent in 2020. This page includes a chart with historical data for South Africa Full Year Gdp Growth. South Africa Full Year Gdp Growth - values, historical data and charts - was last updated on June of 2023.

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South Africa Full Year Gdp Growth