South African economy advanced by 4.91% from a year earlier in 2021, recovering from a 6.43% contraction in 2020. The expansion was largely due to the positive base effect and the boom in commodity exports, as activity was further disrupted by the resurgence of the COVID-19 pandemic, the July riots and the resumption of power cuts in the second half of the year. source: World Bank

Full Year GDP Growth in South Africa averaged 2.83 percent from 1961 until 2021, 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 February of 2023.

Full Year GDP Growth in South Africa is expected to reach 0.30 percent by the end of 2023, according to Trading Economics global macro models and analysts expectations. In the long-term, the South Africa Full Year Gdp Growth is projected to trend around 0.70 percent in 2024 and 1.00 percent in 2025, according to our econometric models.

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South Africa Full Year Gdp Growth