The economy of South Africa expanded by 3% from a year ago in the first quarter of 2022, accelerating from a 1.7% growth in the prior period, matching market forecasts. It was the fastest pace of growth since the second quarter of 2021. source: Statistics South Africa
GDP Annual Growth Rate in South Africa averaged 2.44 percent from 1994 until 2022, reaching an all time high of 19.10 percent in the second quarter of 2021 and a record low of -16.80 percent in the second quarter of 2020. This page provides - South Africa GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. South Africa GDP Annual Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on June of 2022.
GDP Annual Growth Rate in South Africa is expected to be 1.30 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 Annual Growth Rate is projected to trend around 1.90 percent in 2023, according to our econometric models.