South Africa GDP (2026)
LiveSouth Africa has the most industrialized and diversified economy in Africa, supported by mining, manufacturing, financial services, agriculture, and international trade. The country is a leading global producer of precious metals and minerals while also maintaining well-developed banking, telecommunications, automotive, and retail industries. As Africa's second-largest economy by nominal GDP, South Africa plays a vital role in regional commerce and investment. This page provides the latest South Africa GDP data, historical trends, and economic outlook for 2026.
South Africa GDP Growth (1980โ2026)
Annual real GDP growth rate (%)
Historical Highlights
1980โ2026 GDP performance summary
Share of World GDP (2026)
Key Findings
South Africa's GDP in 2026 is $479.96B.
It ranks #40 among 218 countries.
South Africa contributes 0.38% to the world economy.
GDP per capita is $7,503 in 2026.
The economy recorded GDP growth of 1.00% in 2026.
South Africa GDP Historical Data (1980โ2026)
| 2026 | $479,964,000,000 | 1.00% | $7,503 | 0.38% | #40 |
| 2025 | $427,141,000,000 | 1.10% | $6,769 | 0.36% | #41 |
| 2024 | $401,076,000,000 | 0.50% | $6,435 | 0.36% | #41 |
| 2023 | $381,334,000,000 | 0.80% | $6,193 | 0.36% | #41 |
| 2022 | $407,430,000,000 | 2.10% | $6,694 | 0.40% | #38 |
| 2021 | $419,878,000,000 | 4.90% | $6,971 | 0.43% | #35 |
| 2020 | $337,876,000,000 | -6.20% | $5,660 | 0.39% | #40 |
| 2019 | $389,245,000,000 | 0.30% | $6,610 | 0.44% | #33 |
| 2018 | $405,093,000,000 | 1.60% | $6,980 | 0.46% | #31 |
| 2017 | $381,317,000,000 | 1.20% | $6,665 | 0.46% | #32 |
| 2016 | $323,493,000,000 | 0.70% | $5,732 | 0.42% | #33 |
| 2015 | $346,663,000,000 | 1.30% | $6,227 | 0.46% | #33 |
| 2014 | $381,195,000,000 | 1.40% | $6,951 | 0.47% | #33 |
| 2013 | $400,877,000,000 | 2.50% | $7,429 | 0.51% | #32 |
| 2012 | $434,400,000,000 | 2.40% | $8,177 | 0.57% | #29 |
| 2011 | $458,708,000,000 | 3.20% | $8,773 | 0.61% | #29 |
| 2010 | $417,315,000,000 | 3.00% | $8,102 | 0.62% | #29 |
| 2009 | $331,184,000,000 | -1.50% | $6,522 | 0.54% | #30 |
| 2008 | $316,491,000,000 | 3.20% | $6,321 | 0.49% | #32 |
| 2007 | $332,650,000,000 | 5.40% | $6,737 | 0.56% | #29 |
| 2006 | $304,055,000,000 | 5.60% | $6,251 | 0.58% | #29 |
| 2005 | $288,749,000,000 | 5.30% | $6,008 | 0.60% | #27 |
| 2004 | $256,188,000,000 | 4.60% | $5,393 | 0.58% | #27 |
| 2003 | $197,017,000,000 | 2.90% | $4,191 | 0.50% | #28 |
| 2002 | $129,385,000,000 | 3.70% | $2,778 | 0.37% | #35 |
| 2001 | $135,527,000,000 | 2.70% | $2,964 | 0.40% | #31 |
| 2000 | $151,855,000,000 | 4.20% | $3,382 | 0.44% | #31 |
| 1999 | $151,426,000,000 | 2.40% | $3,424 | 0.46% | #31 |
| 1998 | $152,885,000,000 | 0.50% | $3,508 | 0.48% | #30 |
| 1997 | $169,004,000,000 | 2.60% | $3,938 | 0.52% | #29 |
| 1996 | $163,340,000,000 | 4.30% | $3,870 | 0.50% | #29 |
| 1995 | $171,736,000,000 | 3.10% | $4,145 | 0.55% | #27 |
| 1994 | $153,569,000,000 | 3.20% | $3,786 | 0.54% | #26 |
| 1993 | $147,236,000,000 | 1.20% | $3,716 | 0.56% | #25 |
| 1992 | $146,970,000,000 | -2.10% | $3,803 | 0.58% | #25 |
| 1991 | $135,227,000,000 | -1.00% | $3,588 | 0.55% | #27 |
| 1990 | $126,027,000,000 | -0.30% | $3,426 | 0.55% | #27 |
| 1989 | $108,070,000,000 | 2.40% | $3,004 | 0.53% | #27 |
| 1988 | $104,010,000,000 | 4.20% | $2,955 | 0.54% | #27 |
| 1987 | $96,533,000,000 | 2.10% | $2,801 | 0.56% | #25 |
| 1986 | $73,399,000,000 | 0.00% | $2,176 | 0.49% | #30 |
| 1985 | $64,481,000,000 | -1.20% | $1,955 | 0.51% | #28 |
| 1984 | $84,838,000,000 | 5.10% | $2,634 | 0.70% | #22 |
| 1983 | $96,205,000,000 | -1.80% | $3,063 | 0.82% | #21 |
| 1982 | $85,897,000,000 | -0.40% | $2,806 | 0.75% | #23 |
| 1981 | $93,150,000,000 | 5.40% | $3,123 | 0.80% | #23 |
| 1980 | $89,412,000,000 | 6.60% | $3,075 | 0.79% | #23 |
South Africa GDP Projections (IMF)
i| Year | GDP Nominal (Current USD) | GDP Growth Rate (%) | GDP Per Capita (USD) | World Share (%) | Global Rank |
|---|---|---|---|---|---|
| 2027 | $494,409,000,000 | 1.30% | $7,624 | 0.38% | #40 |
| 2028 | $513,063,000,000 | 1.50% | $7,804 | 0.37% | #40 |
| 2029 | $533,314,000,000 | 1.70% | $8,002 | 0.37% | #41 |
| 2030 | $555,264,000,000 | 1.80% | $8,218 | 0.37% | #41 |
| 2031 | $577,966,000,000 | 1.80% | $8,438 | 0.37% | #41 |
South Africa Economy Overview
South Africa has a diversified upper-middle-income economy driven by services, mining, manufacturing, agriculture, and tourism. The services sector contributes the largest share of GDP through finance, insurance, telecommunications, transportation, retail, and professional services. Mining remains one of the country's most important industries, with significant production of platinum, gold, diamonds, coal, chromium, and manganese.
Manufacturing is another key pillar of the economy, particularly in automotive production, chemicals, food processing, steel, and machinery. The government continues to invest in renewable energy, transportation infrastructure, digital technologies, and industrial development to improve productivity, attract investment, and strengthen long-term economic growth.
South Africa GDP Outlook
South Africa's economic outlook remains moderately positive, supported by ongoing infrastructure investment, stronger mining exports, improving energy capacity, and continued expansion of financial and service industries. Economic growth is expected to benefit from reforms aimed at increasing private investment, modernizing infrastructure, and improving electricity supply. While global commodity prices and domestic structural challenges may influence short-term performance, South Africa remains one of Africa's most important and diversified economies.
Data & Methodology
How the figures on this page are compiled
- Primary Sources
- IMF, World Bank, United Nations and OECD
- Historical Coverage
- 1980โ2031
- GDP Measurement
- Nominal gross domestic product in current U.S. dollars
- Update Schedule
- Updated annually using the latest available projections
- Population Data
- United Nations World Population Prospects
Frequently Asked Questions
South Africa's nominal GDP in 2026 is approximately $479,964,000,000, measured in current US dollars.
South Africa's GDP growth rate in 2026 is 1.00%.
GDP per capita in South Africa is approximately $7,503 in 2026.
South Africa ranks #40 globally by nominal GDP in 2026.
GDP is commonly calculated as household consumption plus investment, government spending, and net exports.
Sources
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