Gdp Growth 2024 South Africa 2024. South africa gdp growth rate for 2021 was 4.70%, a 10.67% increase from 2020. Growth will quicken in 2024, after a disappointing 2023, as serious electricity shortages start to ease, but the global backdrop will remain tough.

The finance, manufacturing, trade, and electricity, gas & water supply. In february 2024, south africa’s national treasury forecast in its budget review of 2024 that gdp growth will reach only 1.3% in 2024 and 1.6% in 2025, 6 a more optimistic projection than the outlook for south africa by organizations.