South Africa's economy shrank by 0.2% qoq in Q2 2026, reversing the revised 0.4% growth recorded in Q1 and worse than the expected 0.1% decline. This marked the first economic downturn since Q3 2024, snapping its longest quarterly growth run in almost a decade, amid the fallout from the Middle East conflict. Three of the ten industries contracted, led by trade, catering and accommodation (-1.9%), while energy-intensive manufacturing and mining fell 1.8% and 3.0%, respectively. Agriculture, however, provided some cushion, rising 0.3% on stronger activity in horticulture and field crops. Other sectors also grew, including utilities (1%) and government services (1%) and transport, storage and communication (0.9%). On the demand side, household and government consumption rose 0.4% each, while fixed investment fell 0.2%. Net exports shed 1.1 points as exports rose 0.9% and imports 4.9%. On a yearly basis, the GDP rose by 0.9% in Q2, down from 1.9% in Q1 and missing the expected 1% growth. source: Statistics South Africa
The Gross Domestic Product (GDP) in South Africa contracted 0.20 percent in the second quarter of 2026 over the previous quarter. GDP Growth Rate - 2015 in South Africa averaged 0.58 percent from 1993 until 2026, reaching an all time high of 13.80 percent in the third quarter of 2020 and a record low of -16.80 percent in the second quarter of 2020. This page provides - South Africa GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. South Africa GDP Growth Rate - 2015 - data, historical chart, forecasts and calendar of releases - was last updated on October of 2026.
The Gross Domestic Product (GDP) in South Africa contracted 0.20 percent in the second quarter of 2026 over the previous quarter. GDP Growth Rate in South Africa is expected to be 0.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the South Africa GDP Growth Rate is projected to trend around 0.50 percent in 2027 and 1.20 percent in 2028, according to our econometric models.