Gross domestic product (GDP) growth rate in South Africa 2022

The data illustrates South Africa's real gross domestic product growth rate from 2012 to 2017, with projections up until 2020. 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 2017, South Africa's real GDP had increased by about 1.32% compared to the previous year.