South Africa GDP Growth Rate (2024)
South Africa's GDP Growth Rate: 0.5 % annual change in 2024, -0.3pp YoY. World Bank (NY.GDP.MKTP.KD.ZG), 1990–2024.
South Africa (2024)
0.5
% annual change
-0.3pp YoY
YoY Change
-0.3pp
percentage points
Trend
down
Series length
35
years of data
Data
| Year | % annual change | YoY Change |
|---|---|---|
| 2024 | 0.5 | -0.3pp |
| 2023 | 0.8 | -1.3pp |
| 2022 | 2.1 | -2.8pp |
| 2021 | 4.9 | +11pp |
| 2020 | -6.2 | -6.4pp |
| 2019 | 0.3 | -1.3pp |
| 2018 | 1.6 | +0.4pp |
| 2017 | 1.2 | +0.5pp |
| 2016 | 0.7 | -0.7pp |
| 2015 | 1.3 | -0.1pp |
| 2014 | 1.4 | -1.1pp |
| 2013 | 2.5 | +0.1pp |
| 2012 | 2.4 | -0.8pp |
| 2011 | 3.2 | +0.1pp |
| 2010 | 3 | +4.6pp |
| 2009 | -1.5 | -4.7pp |
| 2008 | 3.2 | -2.2pp |
| 2007 | 5.4 | -0.2pp |
| 2006 | 5.6 | +0.3pp |
| 2005 | 5.3 | n/a |
About this Dataset
South Africa recorded 0.5 % annual change in 2024. The most recent year-on-year change was -0.3pp. The historical series (1990–2024) shows a peak of 5.6 in 2006 and a trough of -6.2 in 2020.
Data sourced from World Bank Open Data API. Values use World Bank standardised methodology ensuring cross-country comparability.
The chart above shows the full historical trend; the table below lists annual values with year-on-year changes.
Frequently Asked Questions
This indicator tracks south africa gdp growth rate in South Africa, published by World Bank. Data covers 1990–2024 at annual frequency using harmonised methodology.
The most recent observation covers 2024. World Bank typically publishes this series with a lag of several months after the reference period. Updated annual.
The series peaked at 5.6 % annual change in 2006 and reached its lowest recorded value of -6.2 in 2020. The latest reading of 0.5 in 2024 represents a year-on-year change of -0.3pp.