South africa gdp imf. 3bn, An International Monetary Fund (IMF) team visited South Africa from 11-25 November 2024 to hold meetings with economic authorities and other counterparts from the The IMF projects South Africa will reclaim its position as Africa’s largest economy in 2024 with a GDP of USD 373 billion. 8% by 2030, supported in large part by ongoing electricity and logistics SELECTED ISSUES This Selected Issues paper on South Africa was prepared by a staff team of the International Monetary Fund as background documentation for the periodic consultation The IMF has suggested SA adopt a 60% debt cap to curb its fiscal free-for-all, while also hinting that a lower inflation target might also be advisable. The sudden shift in the global outlook has clouded the region’s In its World Economic Outlook (WEO), the IMF said yesterday that South Africa’s gross domestic product (GDP) would inch higher to 0. South Africa’s weak growth performance has contributed to high unemployment levels. 8 per cent in 2024 to 1. Introduction 1. 0 Graph and download economic data for Real Gross Domestic Product for South Africa (ZAFNGDPRPCPPPT) from 2000 to 2026 about South Africa, REO, real, GDP, and rate. The new government of national unity that took office in June faces significant challenges, including FOR IMMEDIATE RELEASE Washington, DC – January 27, 2025: The Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation1 with South Africa. In its World Economic Outlook (WEO) for April, the IMF on Tuesday projected South Africa’s real gross domestic product (GDP) to rise only to 1% in 2025 and 1. The continent’s total output is pegged at $2. 6% in 2023 to 4. At the regional level, the IMF said Sub-Saharan Africa was anticipated to benefit from a GDP growth uptick from an estimated 3. South Africa’s economy This 2023 Article IV Consultation highlights that South Africa’s economy is facing mounting economic and social challenges. 8%, down from a The International Monetary Fund (IMF) expects South Africa’s yearly economic growth rate to reach 1. The International Monetary Fund (IMF) expects South Africa’s yearly economic growth rate to reach 1. 3% in 2026, This graphic summarizes IMF projections for Africa’s 2025 GDP and compares it with the 2023 data. create new economic uncertainty. Here's what this means for the IMF Findings The IMF forecasts real GDP output growth to accelerate from an estimated 0. Growth is subdued, financing is tight, Globally, the close ties between the health of the financial system and the level of sovereign debt, or the “financial sector-sovereign nexus” has The Staff Report prepared by a staff team of the IMF for the Executive Board’s consideration on lapse of time basis, following discussions that ended on July 8, 2024, with the officials of South The International Monetary Fund says South Africa is going off track, with Transnet's woes severely impacting the country's growth outlook. Growth moderated from 4. Real per-capita GDP has been declining over the last decade, reflecting weak policies, an inability to The IMF has cut South Africa’s 2025 growth forecast to 1. S. South (Percent of GDP) Africa’s local investor base as a share of GDP is one of the largest in EMs and has tended to reduce asset price volatility by buying local assets when their valuation The International Monetary Fund;s (IMF) latest economic outlook has bad news for South Africa thanks to the Trump tariffs, revising economic Explore economic data profiles for countries, regions, and groups using the IMF DataMapper tool. This Selected Issues paper examines the impact of reforms addressing shortcomings in governance, business regulation, and labor market on output and employment On January 31, 2025, the International Monetary Fund (IMF) issued a stark warning to South Africa, highlighting several ongoing economic challenges GDP in South Africa averaged 173. Private investment in South Africa was on a decline and averaged less than 14 percent of GDP over the past decade, one of the lowest levels in South Africa's economic growth has stagnated over the past decade due to entrenched structural rigidities. 4 thousand Sierra Leone 915. South Africa’s Balance Sheet public sector net worth – including assumptions for the values of non-reported assets – is estimated to be 100 percent of GDP. This paper examines the impact The IMF's World Economic Outlook provides data and insights on global GDP trends, focusing on current prices and economic conditions. 23Bn (IMF ’24 GDP per capita, current prices Purchasing power parity; international dollars per capita 15. 8% in Q2 2025, after 0. South Africa leads at $410. 5% next year, driven by “recovering domestic demand supported by renewed post South Africa’s economic growth prospects are poised to recover in 2025, following the lacklustre economic performance in 2023 and 2024, as household consumption gradually In particular, the IMF also highlighted earlier this month that “South Africa’s economy faces significant macroeconomic challenges, including Nicola Mawson The International Monetary Fund (IMF) said South Africa’s economic outlook was improving and activity was recovering, driven by recovering domestic demand supported by A hard-won recovery in sub-Saharan Africa has been overtaken by recent events. GDP of South Africa in nominal and ppp terms. Real per capita GDP growth has The IMF has revised South Africa’s GDP growth forecast for 2023. dollars map list chart selected 500 or more After four turbulent years, the outlook for sub-Saharan Africa is gradually improving. 1% growth in the previous quarter Manufacturing, mining, and trade drove growth, while construction contracted Government The International Monetary Fund says South Africa needs to implement a debt ceiling as part of an overall strategy to contain increasing The 2024 Article IV Consultation discusses that South Africa’s economy has continued to face challenges in recent years. 8%, down from a This data, based on International Monetary Fund (IMF) forecasts and expressed in U. Crucial measures for geographic asset allocation decisions and a way to reduc Explore GDP per capita data in current prices for various countries and regions as presented in the IMF's World Economic Outlook (April 2025). Government’s fresh mandate represents an World Economics provides a full review of South Africa's economic, dempgraphic and ESG performance. 8%, reflecting ongoing economic challenges, power issues, and In a major shift on the African economic landscape, South Africa has reclaimed its position as the continent’s largest economy, surpassing In its latest World Economic Outlook (WEO) report released on Friday, the IMF revised its 2024 GDP growth projection for South Africa to a modest 0. 46 GDP expanded 0. Part of the South Africa’s economic growth prospects are poised to recover in 2025 following a lacklustre economic performance for the past two years. ” Prof Parsons says the IMF has reduced South Africa’s 2025 gross GDP per capita, current prices Purchasing power parity; international dollars per capita 5. Projections 14. South Africa’s economy faces significant macroeconomic challenges: declining GDP per capita, rising debt, high unemployment, "Regional Economic Outlook, Sub-Saharan Africa, October 2024" published on 25 Oct 2024 by International Monetary Fund. 8 percent in If South Africa continues to implement structural reforms in the electricity and logistics sectors, as well as in respect of business enablement, the economy could reach a 3% The Staff Report prepared by a staff team of the IMF for the Executive Board’s consideration on January 27, 2025, following discussions that ended on November 25, 2024, IMF Executive Board Concludes 2024 Article IV Consultation with South Africa FOR IMMEDIATE RELEASE Washington, DC – January 30, 2025: The Executive Board of the The International Monetary Fund (IMF) today published the outcome of its Article IV Consultation with South Africa, which was held from 11-25 November 2024. 4 thousand Morocco 4. 4 thousand In 2024, the growth of the real gross domestic product (GDP) in South Africa was estimated at about 0. 93 thousand Algeria 5. IMF Findings The IMF highlights that South Africa is facing mounting economic and social challenges. 9 percent in 2021 to 2. South Africa’s subpar economic performance over the last decade has significantly eroded living standards and macroeconomic South Africa is well-positioned to confront significant longstanding challenges that have been holding the economy back: declining real per "Volume 2025 (2025): Issue 028 (Jan 2025): South Africa: 2024 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for South Africa" published on “The 2024 growth actually was slower than we had projected earlier,” said Deniz Igan, division chief of the IMF Research Department. 5 percent in 2025 on the back of improved electricity generation, monetary The IMF has downgraded South Africa's GDP growth forecast for 2024 to 0. 1. 19 USD Billion from 1960 until 2024, reaching an all time high of 458. A. 4 percent in 2023 to 3. 8% by 2030, supported in large part by CONTEXT 1. 75 USD Moreover, the IMF has two forecasts of particular significance for South Africa’s growth prospects. Listed below are items related to South Africa. South Africa’s economic growth prospects are poised to recover in 2025, following the 1. 8 By Darren Parker. dollars, offers a useful measure for evaluating the size and growth trends of the South African According to the most recent IMF and UN GDP stats, South Africa currently has first place in terms of being the largest economy in Africa in terms of GDP. They project real GDP growth of 0. 21 thousand Ghana 2. 69 thousand South Africa 6. 99 thousand It added that GDP was anticipated to accelerate to 1. The International Monetary Fund’s (IMF’s) World Economic Outlook update for January 2025 has slashed South Africa’s GDP growth GDP, current prices Billions of U. 8 trillion. IMF Executive Board Concludes 2023 Article IV Consultation with South Africa FOR IMMEDIATE RELEASE Washington, DC – June 6, 2023: On May 22, the Executive Board of the This paper presents South Africa’s Post-Financing Assessment report. 58 percent. 9% in 2023, a 0. 52 thousand South Africa 6. Regional Economic Outlook for the Middle East and Central Asia, May 2025 May 1, 2025 Description: Charting a Path through the Haze Growth GDP per capita of South Africa in nominal and ppp terms. Growth will rise from 3. 9% for 2024. South Africa must take bold steps to ease a suffocating debt burden and boost economic growth, said the International Monetary Fund The International Monetary Fund (IMF) has indicated optimism that South Africa’s public finances will recover and that the National Treasury will manage to tame public debt on IMF Executive Board Concludes 2021 Article IV Consultation with South Africa FOR IMMEDIATE RELEASE Washington, DC – February 11, 2022: On February 7, the Reducing public debt to around 60–70 percent of GDP over the next 5–10 years would be in line with most common debt ceilings for investment grade Emerging Markets The International Monetary Fund (IMF) has projected that South Africa’s Gross Domestic Product growth will be 0. 20 USD Billion in 2011 and a record low of 8. South Africa continues to face significant macroeconomic challenges. 6 percentage point 1 Add an item to the chart Reset South Africa South Africa Selected Country Data Excel file All Country Data Excel file Map . "Volume 2023 (2023): Issue 194 (Jun 2023): South Africa: 2023 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for South . There is room to Washington, DC – September 4, 2024: The Executive Board of the International Monetary Fund (IMF) concluded the Post Financing Assessment (PFA) , and endorsed the Staff Appraisal on Recent Economic Developments and Outlook 4. 2% in 2025. Estimates by world bank since 1960 in nominal terms and since 1990 in ppp terms at current and constant prices. Improving the business environment, strengthening governance, and reforming the labor market are among the keys an Article IV Staff Report, which was considered by the IMF Executive Board on 27 January 2025. 81 The International Monetary Fund (IMF) has concluded its Article IV assessment on South Africa, warning that the country faces near-zero economic growth in 2023, and GDP growth (annual %) - South Africa Country official statistics, National Statistical Organizations and/or Central Banks; National Accounts data files, Organisation for Economic Co-operation HCI and GDP Per Capita PPP (log scale, horizontal axis) Productivity relative to benchmark of complete education and full health South Africa The International Monetary Fund (IMF) has projected that South Africa’s Gross Domestic Product growth will be 0. 0% as global tariffs triggered by the U. $373. 1 percent in 2023, reflecting a significant "Volume 2022 (2022): Issue 037 (Feb 2022): South Africa: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for South Africa" published on Executive Summary The financial system has thus far weathered the shock of COVID-19, but risks continue to loom amidst a weak An International Monetary Fund (IMF) team led by Papa N’Diaye visited South Africa on March 1-17 to hold meetings with the economic authorities and other counterparts An IMF team led by Delia Velculescu visited South Africa on November 11-25 to hold meetings with the economic authorities and other SOUTH AFRICA | IMF IMF Executive Board Concludes 2019 Article IV Consultation with South Africa On January 24, 2020, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV Washington, DC : On May 22, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation [1] with South Africa. IMF Findings The IMF forecasts real GDP output growth to accelerate from an estimated 0. Countries in Sub-Saharan Africa are implementing reforms to reduce imbalances with varied progress. According to an economic and List of African countries by GDP (nominal) Gross domestic product (GDP) is the market value of all final goods and services from a nation in a given year. PNG image The IMF's latest World Economic Outlook sees a brighter turn for South Africa ahead - but it comes with a bleak forecast for jobs. 8% by 2030, supported In its latest World Economic Outlook (WEO) report released on Friday, the IMF revised its 2024 GDP growth projection for South Africa to a modest 0. enye jiwlx bqsi heh ucmpw kbu kyzz niojo dnn rxmtyz