Gross domestic product, economic growth, interest rates and sectoral output data.
6 datasets · Last updated 1 July 2026
GDP & Economic Growth
Quarterly
Last updated: 10 March 2026
Source: Stats SA
Release: Gross Domestic Product
Level: national
Recent history
Interest Rates
Every ~2 months (MPC meetings)
Last updated: 1 July 2026
Source: SARB
Release: MPC Statement
Level: national
Recent history
GDP Growth Rate (Quarter-on-Quarter)
0.1pp0.4%
from Q3 2025
South Africa's real GDP grew 0.4% quarter-on-quarter in Q4 2025, seasonally adjusted and annualised, above expectations of 0.3%. This marked the fifth consecutive quarter of expansion. Finance led growth (+1.4%), while manufacturing was the largest drag (-0.6%). For the full year 2025, GDP rose 1.1% — the strongest annual growth since 2022.
GDP Growth Rate (Quarter-on-Quarter) has decreased by 1.3pp from Q1 2022 to Q4 2025 — a concern.
GDP Annual Growth Rate
0.6pp1.1%
from 2024 (0.5%)
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.
GDP Annual Growth Rate rose by 0.6pp from 2024 to 2025, continued growth.
Nominal GDP
4.3%R7.67T
ZAR billionfrom 2024
South Africa's nominal GDP for 2025 at current prices. Nominal growth reflects both real output and price-level changes. The economy remains the second largest in Africa by nominal GDP, behind Nigeria.
Nominal GDP has increased by 2746.0ZAR billion from 2018 to 2025 — a positive development.
GDP Per Capita
5.2%R120,800
ZARfrom 2024
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.
GDP Per Capita has increased by 33560.0ZAR from 2018 to 2025 — a positive development.
Repo Rate
0.3pp7.00%
rate at 7.00% (July 2026 MPC)
The repurchase (repo) rate is the benchmark interest rate set by the South African Reserve Bank's Monetary Policy Committee (MPC). It is the rate at which the SARB lends short-term money to commercial banks and is the primary instrument of inflation targeting.
Repo Rate has increased by 3.0pp from Jan 2022 to Jul 2026 — a positive development.
Prime Lending Rate
0.3pp10.50%
rate at 10.50% (July 2026 MPC)
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.
Prime Lending Rate has increased by 3.0pp from Jan 2022 to Jul 2026 — a positive development.
GDP Growth Rate (Quarter-on-Quarter) rose by 0.1 percentage points from Q3 2025 (0.3%) to Q4 2025 (0.4%) — a positive development.
Over the 16-period dataset from Q1 2022 to Q4 2025, GDP Growth Rate (Quarter-on-Quarter) has decreased by 1.3pp — a net deterioration. The highest recorded value was 1.7% (Q1 2022) and the lowest was -0.7% (Q1 2023).
GDP growth at 0.4% is the primary measure of economic expansion. South Africa needs sustained growth of 5%+ to meaningfully reduce unemployment and expand the tax base for social spending. Structural constraints — energy, logistics, regulatory complexity — have kept growth well below that threshold since 2012.
South Africa's GDP figures follow international SNA 2008 standards. The quarterly national accounts are released about 10 weeks after quarter end. GDP per capita has been broadly stagnant since 2013 as population growth has largely offset economic expansion. Mining and manufacturing cyclicality drives significant quarter-to-quarter volatility. This figure is drawn from the Gross Domestic Product Q4 2025, published by Statistics South Africa.
GDP Growth Rate (Quarter-on-Quarter) has decreased by 1.3pp from Q1 2022 to Q4 2025 — a concern.
GDP Annual Growth Rate rose by 0.6pp from 2024 to 2025, continued growth.
Nominal GDP has increased by 2746.0ZAR billion from 2018 to 2025 — a positive development.
GDP Per Capita has increased by 33560.0ZAR from 2018 to 2025 — a positive development.
Repo Rate has increased by 3.0pp from Jan 2022 to Jul 2026 — a positive development.
Prime Lending Rate has increased by 3.0pp from Jan 2022 to Jul 2026 — a positive development.
Data Source
Statistics South Africa
Gross Domestic Product Q4 2025
Published 10 March 2026
Data Source
South African Reserve Bank
MPC Statement July 2026
Published 1 July 2026