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Topic

GDP and economy

Quarterly and annual GDP growth, the size of the economy, GDP per person, and interest rates.

GDP growth on the previous quarter

-0.2%

Q2 2026. Down from 0.4% in Q1 2026.

GDP growth on the previous quarter fell from 1.7% in Q1 2022 to -0.2% in Q2 2026

South Africa's real GDP contracted 0.2% quarter-on-quarter in Q2 2026 (seasonally adjusted, constant 2015 prices), after growth of 0.4% in Q1, ending six consecutive quarters of expansion. Mining (-3.0%), trade (-1.9%) and manufacturing (-1.8%) were the main drags; finance (+0.3%) and personal services (+0.6%) grew. On the expenditure side, household consumption rose 0.4%, fixed investment fell 0.2% and net exports subtracted 1.1 percentage points. The estimate is preliminary: Stats SA's rebased (base year 2022) and benchmarked national accounts, expected in October 2026, may revise it.

Source: Statistics South Africa, Gross Domestic Product Q2 2026. Source released . Checked on SA Data Hub . Original data: Stats SA. Any calculation shown is SA Data Hub's own processing.

Show the numbers as a table
PeriodValue
Q1 20221.7%
Q2 20220.2%
Q3 20221.6%
Q4 20221.2%
Q1 2023-0.7%
Q2 20231.7%
Q3 20230.9%
Q4 20230.6%
Q1 2024-0.1%
Q2 20240.4%
Q3 20240.6%
Q4 20241.0%
Q1 20250.1%
Q2 20250.8%
Q3 20250.3%
Q4 20250.4%
Q1 20260.4%
Q2 2026-0.2%

Annual GDP growth

1.1%2025. Up from 0.5% in 2024.

Annual GDP growth fell from 1.3% in 2015 to 1.1% in 2025, after peaking at 4.9% in 2021

South Africa's real GDP grew 1.1% for the full year 2025, the strongest annual rate since 2022. Growth was broad-based despite ongoing headwinds from high borrowing costs and slow global demand. Manufacturing registered its second year of negative growth; construction posted its ninth straight year of decline.

Source: Statistics South Africa, Gross Domestic Product Q4 2025. Source released . Checked on SA Data Hub . Original data: Stats SA. Any calculation shown is SA Data Hub's own processing.

Show the numbers as a table
PeriodValue
20151.3%
20160.7%
20171.2%
20181.6%
20190.3%
2020-6.2%
20214.9%
20221.9%
20230.7%
20240.5%
20251.1%

Nominal GDP

R7 670 billion2025. Up from R7 352 billion in 2024.

Nominal GDP rose from R4 924 billion in 2018 to R7 670 billion in 2025

South Africa's nominal GDP for 2025 at current prices. Nominal GDP changes with both real output and prices. The economy remains the second largest in Africa by nominal GDP, behind Nigeria.

Source: Statistics South Africa, Gross Domestic Product Q4 2025. Source released . Checked on SA Data Hub . Original data: Stats SA. Any calculation shown is SA Data Hub's own processing.

Show the numbers as a table
PeriodValue
2018R4 924 billion
2019R5 083 billion
2020R4 694 billion
2021R5 502 billion
2022R6 503 billion
2023R6 840 billion
2024R7 352 billion
2025R7 670 billion

GDP per person

R120 8002025. Up from R114 869 in 2024.

GDP per person rose from R87 240 in 2018 to R120 800 in 2025

Nominal GDP per capita for 2025 at current prices, estimated from nominal GDP and mid-year population. In USD terms at average 2025 exchange rates (~R18.60/$), this is approximately $6,500 per person.

Source: Statistics South Africa, Gross Domestic Product Q4 2025. Source released . Checked on SA Data Hub . Original data: Stats SA. Any calculation shown is SA Data Hub's own processing.

Show the numbers as a table
PeriodValue
2018R87 240
2019R88 820
2020R79 540
2021R91 800
2022R106 500
2023R109 450
2024R114 869
2025R120 800

Prime lending rate

10.75%Sep 2026. Up from 10.50% in Jul 2026.

Prime lending rate rose from 7.50% in Jan 2022 to 10.75% in Sep 2026, after peaking at 11.75% in May 2023

The prime lending rate is the benchmark rate at which commercial banks lend to their most creditworthy clients. It is conventionally set at repo rate + 3.5 percentage points. Most consumer and business loans are priced relative to prime.

Source: South African Reserve Bank, MPC Statement September 2026. Source released . Checked on SA Data Hub .

Show the numbers as a table
PeriodValue
Jan 20227.50%
Mar 20227.75%
May 20228.25%
Jul 20229.00%
Sep 20229.75%
Nov 202210.50%
Jan 202310.75%
Mar 202311.25%
May 202311.75%
Jul 202311.75%
Sep 202311.75%
Nov 202311.75%
Jan 202411.75%
Mar 202411.75%
May 202411.75%
Jul 202411.75%
Sep 202411.50%
Nov 202411.25%
Jan 202511.00%
Mar 202511.00%
May 202510.75%
Jul 202510.75%
Sep 202510.50%
Nov 202510.25%
Jan 202610.25%
Mar 202610.25%
May 202610.50%
Jul 202610.50%
Sep 202610.75%

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Update status and log

  • GDP & Economic Growth: Up to date

    Stats SA, Gross Domestic Product. Updated quarterly. Last updated . Source (opens in a new tab)

    • : GDP growth updated to Q2 2026 (−0.2% q/q). Annual growth (1.1%), nominal GDP (R7.67T) and per-capita (R120,800) unchanged pending rebasing to 2022 base year (expected Oct 2026). Quarterly points before Q1 2026 not re-verified. Series name renamed to "GDP Growth (%, QoQ, seasonally adjusted)" per D2c.
    • : GDP quarterly indicators and coverage range validated for registry consistency.

  • Interest Rates: Update expected soon

    SARB, MPC Statement. Updated every ~2 months (mpc meetings). Last updated . Source (opens in a new tab)

    • : Corrected repo rate from 7.00% to 7.25% and prime from 10.50% to 10.75% (SARB MPC 2026-09-23). Corrected a prior entry that recorded a July 2026 hike: July was a hold, and the hike was on 28 May 2026 (effective 29 May). May and July 2026 SARB statements not yet verified from primary source.
    • : Registry and lookup alignment updated for SARB repo/prime dataset identifier consistency.