South Africa 2024
Detailed economic analysis and indicators for 2024
Key Economic Indicators (2024)
GDP (Current USD)
$375.84 billion
↓ 1.28% vs 2023GDP per Capita
$5,945.65
↓ 1.28% vs 2023GDP Growth (Annual %)
-1.28%
↓ 1.98pp vs 2023Inflation Rate (CPI %)
4.36%
↓ 1.71pp vs 2023Year-over-Year Comparison
| Indicator | 2023 | 2024 | Change |
|---|---|---|---|
| GDP (Current USD) | $380.70 billion | $375.84 billion | -1.28% |
| GDP per Capita | $6,022.54 | $5,945.65 | -1.28% |
| GDP Growth (Annual %) | 0.70% | -1.28% | -1.98pp |
| Inflation (CPI %) | 6.08% | 4.36% | -1.71pp |
| Unemployment Rate (%) | 32.10% | 33.17% | +1.07pp |
All Economic Indicators (2024)
National Accounts
- GDP (Current USD)
- $375.84 billion
- GDP per Capita
- $5,945.65
- GDP Growth (Annual %)
- -1.28%
- Gross National Income
- N/A
Prices & Employment
- Inflation (CPI %)
- 4.36%
- Inflation (GDP Deflator %)
- N/A
- Unemployment Rate (%)
- 33.17%
- Interest Rate (Real %)
- N/A
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)
- N/A
- Government Debt (% GDP)
- N/A
- Data Last Updated
- 2025-10-23
Frequently Asked Questions
As of 2024, South Africa's Gross Domestic Product (GDP) is $375.84 billion. This represents the total value of goods and services produced in the country.
The GDP per capita in South Africa for 2024 is $5,945.65. 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 2024 is 4.36%. This measures the annual percentage change in the cost of consumer goods and services.
South Africa's annual GDP growth rate for 2024 is -1.28%. This indicates the rate at which the country's economy is expanding or contracting.
The unemployment rate in South Africa for 2024 is 33.17%. This represents the percentage of the labor force that is unemployed and actively seeking employment.