South Africa's economy expanded by 0.6% in 2024, the slowest growth since 2020, following a revised 0.7% increase in the previous year. Full Year GDP Growth in South Africa averaged 2.75 percent from 1961 until 2024, reaching an all time high of 7.94 percent in 1964 and a record low of -6.00 percent in 2020. source: World Bank
Full Year GDP Growth in South Africa is expected to reach 1.30 percent by the end of 2025, 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 1.40 percent in 2026 and 1.90 percent in 2027, according to our econometric models.