Domestic Demand in South Africa
The South African economy recorded an average growth rate of 1.0% in the decade to 2022. In 2022, domestic demand growth was 3.9%.
South Africa Demand Chart
Note: This chart displays Domestic Demand (ann. var. %) for South Africa from 2014 to 2023.
Source: Macrobond.
South Africa Demand Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Domestic Demand (ann. var. %) | 1.1 | -8.0 | 5.3 | 3.9 | 0.8 |
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects South African demand projections for the next ten years from a panel of 8 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable demand forecast available for South African demand.
Download one of our sample reports to visualize what a Consensus Forecast is and see our South African demand projections.
Want to get access to the full dataset of South African demand forecasts? Send an email to info@focus-economics.com.