Makrognosis

South Africa GDP implicit price deflator (ZA.GDP.Q.NOM / ZA.GDP.Q.REAL x 100; SARB, SAAR, 2015=100)

QuarterlyNot seasonally adjustedCode ZA.GDPDEFL.Q.NSA

Latest (y/y)3.6%Q2 2026
Previous (y/y)6.2%Q1 2026
Level166.0Q2 2026

South Africa GDP implicit price deflator (ZA.GDP.Q.NOM / ZA.GDP.Q.REAL x 100; SARB, SAAR, 2015=100) was up 3.6% year on year in Q2 2026, compared with 6.2% in Q1 2026.

The level stood at 166.0 (index (real-series reference year = 100)).

Over the past ten years it has ranged from 1.9% (Q2 2025) to 8.4% (Q2 2021), averaging 4.9%.

South Africa GDP implicit price deflator (ZA.GDP.Q.NOM / ZA.GDP.Q.REAL x 100; SARB, SAAR, 2015=100), annual % change, Q1 1997 – Q2 20260%5%10%15%200020052010201520202025Robomacro
South Africa GDP implicit price deflator (ZA.GDP.Q.NOM / ZA.GDP.Q.REAL x 100; SARB, SAAR, 2015=100), annual % change, Q1 1997 – Q2 2026. Source: Makrognosis (computed from agency-direct inputs).
South Africa GDP implicit price deflator (ZA.GDP.Q.NOM / ZA.GDP.Q.REAL x 100; SARB, SAAR, 2015=100), level (index (real-series reference year = 100))050100150200020052010201520202025Robomacro
South Africa GDP implicit price deflator (ZA.GDP.Q.NOM / ZA.GDP.Q.REAL x 100; SARB, SAAR, 2015=100), level (index (real-series reference year = 100)).

Showing the full history (downsampled for display). Open the interactive chart to zoom and switch transforms.

Recent data

PeriodValueY/Y %
Q2 2026166.03.6
Q1 2026168.76.2
Q4 2025165.73.8
Q3 2025163.23.2
Q2 2025160.21.9
Q1 2025158.92.2
Q4 2024159.73.5
Q3 2024158.23.7
Q2 2024157.14.6
Q1 2024155.53.9
Q4 2023154.34.9
Q3 2023152.64.6
Q2 2023150.23.1
Q1 2023149.76.4
Q4 2022147.15.7
Q3 2022145.95.2
Q2 2022145.75.8
Q1 2022140.74.3
Q4 2021139.24.2
Q3 2021138.76.9
Q2 2021137.78.4
Q1 2021134.96.4
Q4 2020133.66.7
Q3 2020129.74.8

Last 24 observations. The full history (122 observations) is available through the API.

Get South Africa GDP implicit price deflator (ZA.GDP.Q.NOM / ZA.GDP.Q.REAL x 100; SARB, SAAR, 2015=100) in your code or spreadsheet

One guessable code, agency-direct, updated on release. Free tier available.

curl -H "X-API-Key: $MAKROGNOSIS_KEY" \
  "https://makrognosis.robomacro.com/v1/series/ZA.GDPDEFL.Q.NSA"

# Python
import requests
r = requests.get("https://makrognosis.robomacro.com/v1/series/ZA.GDPDEFL.Q.NSA",
                 headers={"X-API-Key": KEY})
obs = r.json()["observations"]
Get a free API key → · API docs

About this series

Latest observationQ2 2026
First observationQ1 1996
Observations122
FrequencyQuarterly
Unitsindex (real-series reference year = 100)
AdjustmentNot seasonally adjusted
10-year high8.4% (Q2 2021)
10-year low1.9% (Q2 2025)
10-year average4.9%
Source agencyMakrognosis (computed from agency-direct inputs)
Makrognosis codeZA.GDPDEFL.Q.NSA

This series is a labelled reference series (an official figure republished by an aggregator) rather than a first print from the agency itself.

Other South Africa indicators

South Africa GDP (Gross Domestic Product)South Africa Nominal GDP at market prices (ZAR million, SAAR, SARB QB)South Africa Inflation Rate (CPI)South Africa Unemployment RateSouth Africa 10-Year Government Bond YieldSouth Africa Credit Rating & Sovereign Risk ScoreSouth Africa Industrial ProductionSouth Africa Retail SalesSouth Africa Producer Price Inflation (PPI)South Africa Current Account Balance - Balance of Payments (NSA)South Africa Trade Balance: Goods & ServicesSouth Africa Exports of goods and services, constant 2015 prices, SA annualised (SARB Web API NRI6013D; Quarterly Bulletin KBP6013D)South Africa Total Exports of Goods Including Gold - SARS Customs (NSA)South Africa Imports of goods and services, constant 2015 prices, SA annualised (SARB Web API NRI6014D; Quarterly Bulletin KBP6014D)South Africa Total Imports of Goods - SARS Customs (NSA)South Africa Government Debt to GDP

FAQ

What is the current gDP implicit price deflator (ZA.GDP.Q.NOM / ZA.GDP.Q.REAL x 100; SARB, SAAR, 2015=100) in South Africa?
The latest reading is 3.6% year on year for Q2 2026, published by Makrognosis (computed from agency-direct inputs).
Where does this data come from?
It is collected directly from Makrognosis (computed from agency-direct inputs) and is available through the Makrognosis API under the code ZA.GDPDEFL.Q.NSA.

Last updated 2026-10-22. Source: Makrognosis (computed from agency-direct inputs). Original title: “ZA GDP implicit price deflator (ZA.GDP.Q.NOM / ZA.GDP.Q.REAL x 100; SARB, SAAR, 2015=100)”.