South Africa 2023
Detailed economic analysis and indicators for 2023
Key Economic Indicators (2023)
GDP (Current USD)
$380.70 billion
↓ 6.44% vs 2022GDP per Capita
$6,022.54
↓ 7.68% vs 2022GDP Growth (Annual %)
0.70%
↓ 1.21pp vs 2022Inflation Rate (CPI %)
6.08%
↓ 0.96pp vs 2022Year-over-Year Comparison
| Indicator | 2022 | 2023 | Change |
|---|---|---|---|
| GDP (Current USD) | $406.92 billion | $380.70 billion | -6.44% |
| GDP per Capita | $6,523.41 | $6,022.54 | -7.68% |
| GDP Growth (Annual %) | 1.91% | 0.70% | -1.21pp |
| Inflation (CPI %) | 7.04% | 6.08% | -0.96pp |
| Unemployment Rate (%) | 33.27% | 32.10% | -1.17pp |
All Economic Indicators (2023)
National Accounts
- GDP (Current USD)
- $380.70 billion
- GDP per Capita
- $6,022.54
- GDP Growth (Annual %)
- 0.70%
- Gross National Income
- $375.53 billion
Prices & Employment
- Inflation (CPI %)
- 6.08%
- Inflation (GDP Deflator %)
- 4.80%
- Unemployment Rate (%)
- 32.10%
- Interest Rate (Real %)
- 6.39%
Trade & Investment
- Exports (Goods & Services)
- N/A
- Imports (Goods & Services)
- N/A
- FDI Inflow
- N/A
- FDI Outflow
- N/A
Balance & Debt
- Current Account Balance (% GDP)
- -1.61%
- Government Debt (% GDP)
- N/A
- Data Last Updated
- 2025-10-23
Frequently Asked Questions
As of 2023, South Africa's Gross Domestic Product (GDP) is $380.70 billion. This represents the total value of goods and services produced in the country.
The GDP per capita in South Africa for 2023 is $6,022.54. GDP per capita is calculated by dividing the country's GDP by its population.
The Consumer Price Index (CPI) inflation rate in South Africa for 2023 is 6.08%. This measures the annual percentage change in the cost of consumer goods and services.
South Africa's annual GDP growth rate for 2023 is 0.70%. This indicates the rate at which the country's economy is expanding or contracting.
The unemployment rate in South Africa for 2023 is 32.10%. This represents the percentage of the labor force that is unemployed and actively seeking employment.