Retail Sales in South Africa
The South African economy recorded an average retail sales growth of 1.9% in the decade to 2022, in line with the 1.9% average for Sub-Saharan Africa. In 2022, retail sales growth was 1.8%.
South Africa Retail Chart
Note: This chart displays Retail Sales (ann. var. %) for South Africa from 2014 to 2023.
Source: Macrobond.
South Africa Retail Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Retail Sales (ann. var. %) | 1.5 | -6.9 | 6.5 | 1.8 | -1.3 |
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects South African retail projections for the next ten years from a panel of 4 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 retail forecast available for South African retail.
Download one of our sample reports to visualize what a Consensus Forecast is and see our South African retail projections.
Want to get access to the full dataset of South African retail forecasts? Send an email to info@focus-economics.com.