South Africa: the economy today (unemployment, inflation and forecasts)

Data as of Oct 27, 2026

Fair Economic situation

Indicator	Value	Date	Colour
Leading indicator	100.18	Sep 30, 2026	Fair
Consumer confidence	+98.10	Aug 31, 2026	Poor
Inflation: distance to 2%	2.3 pp	Jul 31, 2026	Fair

Forecasts for 2026

Figure	IMF	OECD
GDP growth	1.0 %	1.2 %
Inflation	4.4 %	4.2 %
Unemployment	33.2 %	32.2 %

What each figure measures

Leading indicator: Surveys and data that tend to move before the economy does. Above 100 is better than usual.
Consumer confidence: How households see their own situation and that of the country.
Inflation: distance to 2%: How far price growth is from the 2% central banks aim for. Closer is better.

What it is

The main economic figures of South Africa and what the International Monetary Fund and the OECD forecast for this year.

How to read it

Each figure is compared with the country’s own history: "Good" is the most favourable third, "Poor" the most strained. Forecasts are the IMF’s and the OECD’s, not Stock Signal Lab’s.

Frequently asked questions

How is South Africa’s economy doing?

Today, overall, "Fair" against its own history.

What do the IMF and the OECD forecast for South Africa?

GDP growth: IMF 1.0 %, OECD 1.2 %; Inflation: IMF 4.4 %, OECD 4.2 %; Unemployment: IMF 33.2 %, OECD 32.2 %.

Does it predict the stock market?

No. It describes where things stand today against their history, with no forecasts or recommendations.

See the detail on Stock Signal Lab →