Gross domestic product (GDP) growth rate in South Africa 2021

The statistic depicts South Africa's real gross domestic product (GDP) growth rate from 2009 to 2019, with projections up until 2021. GDP refers to the total market value of all goods and services that are produced within a country per year. It is an important indicator of the economic strength of a country. Real GDP is adjusted for price changes and is therefore regarded as a key indicator for economic growth. In 2019, South Africa's real GDP had increased by about 0.15 percent compared to the previous year.

South Africa: Real gross domestic product (GDP) growth rate from 2009 to 2021

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Source

Release date

April 2020

Region

South Africa

Survey time period

2009 to 2019

Supplementary notes

According to the source, due to the high level of uncertainty in current global economic conditions, the IMF projections for these indicators are provided only through 2021.

* Estimate.

Values have been rounded to provide a better understanding of the statistic.

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Statistics on "Economic Outlook South Africa"

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