South Africa GDP Trends from 1980 to 2024: A overall increase with some decline Flow

South Africa's GDP changed from approximately $89B 412M in 1980 to $373B 233M in 2024, showing an overall 317.4% sharply increased during the period.
The lowest GDP was recorded in 1985 at $64B 480M, and the highest in 2011 at $458B 708M.
Over the 44-year span, the GDP showed a overall increase with some decline trend, with an average annual growth rate of 3.3%.
For comparison, the average annual growth rate of Nigeria was 4.2%, and that of Egypt was 6.3%.

Overview of South Africa's GDP (1980–2024)

The Gross Domestic Product (GDP) of South Africa recorded a 317.4% sharply increased from 1980 to 2024.
The average GDP during this period was $237B 978M, and the median was $171B 736M.
GDP fluctuated within a range of $394B 227M, with a standard deviation of $128B 479M.
The average annual change was $9B 25M.


South Africa GDP from 1980 to 2024

The total market value of goods and services produced annually in South Africa.

Change Chart

    Highest and Lowest GDP Records

    • Lowest GDP: 1985, $64B 480M
    • Highest GDP: 2011, $458B 708M
    • Most Recent GDP: 2024, $373B 233M

    Notable Annual GDP Changes

    • 2010: Significant increase in GDP
    • 2020: Noticeable drop in GDP

    Overall pattern: overall increase with some decline


    Global Economic Events and South Africa's GDP

    COVID-19 Pandemic (2020)

    • Period: From 2019 to 2020
    • GDP Change: $389B 245M → $338B 193M
    • Outcome: sharply declined

    2008 Global Financial Crisis

    • Period: From 2007 to 2009
    • GDP Change: $332B 650M → $331B 184M
    • Outcome: remained stable

    2001 Dot-com Bubble Burst

    • Period: From 2000 to 2001
    • GDP Change: $151B 855M → $135B 526M
    • Outcome: sharply declined

    1998 Asian Financial Crisis

    • Period: From 1997 to 1998
    • GDP Change: $169B 4M → $152B 885M
    • Outcome: declined

    Key Economic Indicators of South Africa (1980–2024)

    yearNominal GDPGDP per CapitaPPP per CapitaPPP GDPGDP GrowthCurrent AccountSavingsFiscal BalancePopulation
    1980
    $ 89B 412M
    $ 3,074.68
    $ 5,110.13
    $ 148B 602M
    6.621 %
    3.676 %
    33.36 %
    0 %
    29M 80K people
    1981
    $ 93B 150M
    $ 3,122.69
    $ 5,745.29
    $ 171B 382M
    5.361 %
    -5.521 %
    26.38 %
    0 %
    29M 830K people
    1982
    $ 85B 897M
    $ 2,806.16
    $ 5,922.07
    $ 181B 275M
    -0.383 %
    -3.984 %
    20.83 %
    0 %
    30M 610K people
    1983
    $ 96B 205M
    $ 3,062.89
    $ 5,886.49
    $ 184B 895M
    -1.847 %
    -0.42 %
    24.84 %
    0 %
    31M 410K people
    1984
    $ 84B 838M
    $ 2,633.91
    $ 6,250.74
    $ 201B 336M
    5.099 %
    -2.208 %
    21.59 %
    0 %
    32M 210K people
    1985
    $ 64B 480M
    $ 1,955.16
    $ 6,221.54
    $ 205B 187M
    -1.212 %
    3.599 %
    24.32 %
    0 %
    32M 979K people
    1986
    $ 73B 399M
    $ 2,176.06
    $ 6,206.79
    $ 209B 355M
    0.018 %
    3.781 %
    23.58 %
    0 %
    33M 730K people
    1987
    $ 96B 533M
    $ 2,801.31
    $ 6,356.64
    $ 219B 50M
    2.101 %
    5.289 %
    22.01 %
    0 %
    34M 460K people
    1988
    $ 104B 10M
    $ 2,954.82
    $ 6,713.06
    $ 236B 300M
    4.2 %
    2.468 %
    22.33 %
    0 %
    35M 200K people
    1989
    $ 108B 70M
    $ 3,004.44
    $ 6,990.46
    $ 251B 447M
    2.395 %
    1.401 %
    22.71 %
    0 %
    35M 970K people
    1990
    $ 126B 27M
    $ 3,425.59
    $ 7,067.90
    $ 260B 28M
    -0.318 %
    1.226 %
    19.46 %
    0 %
    36M 790K people
    1991
    $ 135B 227M
    $ 3,587.88
    $ 7,059.85
    $ 266B 86M
    -1.018 %
    1.047 %
    18.88 %
    0 %
    37M 690K people
    1992
    $ 146B 970M
    $ 3,802.58
    $ 6,890.92
    $ 266B 334M
    -2.137 %
    1.336 %
    17.05 %
    0 %
    38M 650K people
    1993
    $ 147B 236M
    $ 3,716.19
    $ 6,966.42
    $ 276B 10M
    1.234 %
    1.887 %
    16.05 %
    0 %
    39M 620K people
    1994
    $ 153B 569M
    $ 3,786.21
    $ 7,172.69
    $ 290B 925M
    3.2 %
    0.01 %
    16.48 %
    0 %
    40M 560K people
    1995
    $ 171B 736M
    $ 4,145.21
    $ 7,391.53
    $ 306B 231M
    3.1 %
    -1.452 %
    16.25 %
    0 %
    41M 430K people
    1996
    $ 163B 340M
    $ 3,869.70
    $ 7,705.45
    $ 325B 247M
    4.3 %
    -1.014 %
    15.55 %
    0 %
    42M 210K people
    1997
    $ 169B 4M
    $ 3,937.66
    $ 7,909.08
    $ 339B 458M
    2.6 %
    -1.314 %
    14.98 %
    0 %
    42M 920K people
    1998
    $ 152B 885M
    $ 3,508.14
    $ 7,916.24
    $ 344B 990M
    0.5 %
    -1.549 %
    14.88 %
    0 %
    43M 580K people
    1999
    $ 151B 426M
    $ 3,423.59
    $ 8,100.12
    $ 358B 268M
    2.4 %
    -0.449 %
    15.21 %
    0 %
    44M 230K people