What was South Africa's GDP (constant 2015 US$) in 2024?

In 2024, South Africa's GDP (constant 2015 US$) was $365.83 billion, according to World Bank Open Data.

Is South Africa's GDP (constant 2015 US$) rising or falling?

South Africa's GDP (constant 2015 US$) rose 0.5% from 2023 to 2024.

How does South Africa rank globally on GDP (constant 2015 US$)?

In 2024, South Africa ranked #39 out of 192 countries reporting GDP (constant 2015 US$).

How does South Africa's GDP (constant 2015 US$) compare to the world average?

The global average for GDP (constant 2015 US$) in 2024 was $497.78 billion, so South Africa is below the world average. Within Sub-Saharan Africa, it ranks #2 of 46.

South Africa: GDP (constant 2015 US$)

Name: South Africa: GDP (constant 2015 US$)
Creator: World Bank
License: https://datacatalog.worldbank.org/public-licenses#cc-by

In 2024, South Africa's GDP (constant 2015 US$) was $365.83 billion.

That's up 0.5% from 2023, the highest value on record.

The global average for this indicator in 2024 was $497.78 billion . South Africa ranks #39 globally out of 192 reporting countries. Within Sub-Saharan Africa, it ranks #2 of 46.

Source: World Bank Open Data (NY.GDP.MKTP.KD) • Data as of 2024

Trend (2005–2024)

2008 · Global financial crisis
2020 · COVID-19 pandemic
2014 · Oil price collapse
2022 · Russia–Ukraine war begins

Highlights

Peak: $365.83B; 2024
Trough: $267.55B; 2005
1-year change: +0.5%
5-year change: +1.8%; +0.4% / yr
10-year change: +6.9%; +0.7% / yr

Historical Data — Last 10 Years

Year	GDP (constant 2015 US$)
2024	365.831B
2023	363.885B
2022	360.975B
2021	353.696B
2020	337.307B
2019	359.484B
2018	358.552B
2017	353.055B
2016	349.014B
2015	346.710B

About GDP (constant 2015 US$)

Gross domestic product is the total income earned through the production of goods and services in an economic territory during an accounting period. It can be measured in three different ways: using either the expenditure approach, the income approach, or the production approach. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2015. This indicator is expressed in United States dollars.

Indicator code: NY.GDP.MKTP.KD • Category: Economy

How to read GDP figures: GDP (Gross Domestic Product) is measured in current US dollars, which means values change both due to real economic growth and currency fluctuations. A more useful comparison across countries is GDP per capita, which divides GDP by population. For growth trends, check GDP growth (annual %).

Frequently asked questions

What was South Africa's GDP (constant 2015 US$) in 2024?: In 2024, South Africa's GDP (constant 2015 US$) was $365.83 billion, according to World Bank Open Data.
Is South Africa's GDP (constant 2015 US$) rising or falling?: South Africa's GDP (constant 2015 US$) rose 0.5% from 2023 to 2024.
How does South Africa rank globally on GDP (constant 2015 US$)?: In 2024, South Africa ranked #39 out of 192 countries reporting GDP (constant 2015 US$).
How does South Africa's GDP (constant 2015 US$) compare to the world average?: The global average for GDP (constant 2015 US$) in 2024 was $497.78 billion, so South Africa is below the world average. Within Sub-Saharan Africa, it ranks #2 of 46.
What is GDP (constant 2015 US$) and how is it measured?: Gross domestic product is the total income earned through the production of goods and services in an economic territory during an accounting period. It can be measured in three different ways: using either the expenditure approach, the income approach, or the production approach. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2015. This indicator is expressed in United States dollars.

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Source: World Bank Open Data (NY.GDP.MKTP.KD), CC BY 4.0.