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.

Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

Please Paste this Code in your Website
width
height
South Africa Full Year Gdp Growth