Real GDP at Constant National Prices for South Africa
RGDPNAZAA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
732,851.63
Year-over-Year Change
19.98%
Date Range
1/1/1950 - 1/1/2019
Summary
The Real GDP at Constant National Prices for South Africa measures the total value of goods and services produced in the country, adjusted for inflation. This metric is crucial for analyzing South Africa's economic growth and development.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This economic indicator tracks the real (inflation-adjusted) gross domestic product of South Africa, providing a comprehensive measure of the nation's economic activity. It is widely used by economists, policymakers, and analysts to assess the health and trajectory of the South African economy.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on national accounts information.
Historical Context
This trend is closely monitored by international institutions and investors to gauge South Africa's economic performance and guide policy decisions.
Key Facts
- South Africa is the second-largest economy in Africa.
- Real GDP growth in South Africa averaged 2.5% annually from 2010-2019.
- The COVID-19 pandemic caused a 6.4% contraction in South Africa's real GDP in 2020.
FAQs
Q: What does this economic trend measure?
A: The Real GDP at Constant National Prices for South Africa measures the total value of goods and services produced in the country, adjusted for inflation.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for analyzing South Africa's economic growth and development, and is closely monitored by economists, policymakers, and investors to gauge the country's economic performance.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on national accounts information.
Q: How is this trend used in economic policy?
A: This trend is used by international institutions and investors to guide policy decisions and assess the health of the South African economy.
Q: Are there update delays or limitations?
A: The data is updated regularly by the U.S. Federal Reserve, though there may be occasional delays in reporting due to the nature of national accounts data.
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Citation
U.S. Federal Reserve, Real GDP at Constant National Prices for South Africa (RGDPNAZAA666NRUG), retrieved from FRED.