South Africa Private Consumption: % of GDP

Key information about South Africa Private Consumption: % of GDP

• South Africa Private Consumption accounted for 67.3 % of its Nominal GDP in Dec 2024, compared with a ratio of 64.7 % in the previous quarter.
• South Africa Private Consumption contribution to Nominal GDP ratio is updated quarterly, available from Mar 1960 to Dec 2024, with an average share of 61.6 %.
• The data reached an all-time high of 69.0 % in Dec 1996 and a record low of 47.6 % in Jun 1980.

CEIC calculates Private Consumption as % of Nominal GDP from quarterly Private Consumption Expenditure and quarterly Nominal GDP. Statistics South Africa provides Private Consumption Expenditure in local currency and Nominal GDP in local currency.


Related information about South Africa Private Consumption: % of GDP

• In the latest reports, South Africa GDP expanded 0.2 % YoY in Mar 2023.
• Its Nominal GDP reached 95.9 USD bn in Mar 2023.
• South Africa GDP Per Capita reached 6,667.3 USD in Dec 2022.
• Its Gross Savings Rate was measured at 13.7 % in Sep 2024.

View South Africa's Private Consumption: % of GDP from Mar 1960 to Dec 2024 in the chart:

What was South Africa's Private Consumption: % of GDP in Dec 2024?

South Africa Private Consumption accounted for 67.3 % of its Nominal GDP in Dec 2024, compared with a ratio of 64.7 % in the previous quarter. See the table below for more data.

Last	Previous	Min	Max	Unit	Frequency	Range
67.3 Dec 2024	64.7 Sep 2024	47.6 Jun 1980	69.0 Dec 1996	%	quarterly	Mar 1960 - Dec 2024

Private Consumption: % of GDP by Country Comparison

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