Economy of South Africa
Population: 57.78 M (2018)
GDP per Capita: 6,374 USD (2018)
368,290 M.

GDP USD

(2018)

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110,140 M.

EXPORTS USD

(2018)

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108,880 M.

IMPORTS USD

(2018)

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62.20 %

PUBLIC DEBT

(2019)

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Data is provided by World Bank, FMI and Central Banks.

GDP and Economic Growth

Indicator Value
Economic Growth 0.79 % (2018)
GDP of 2010 USD USD 429.50 B. (2018)
GDP Current USD USD 368.29 B. (2018)
GDP per Capita Current USD USD 6,374 (2018)
GDP per capita, PPP USD 12,145 (2018)
GDP per Capita, 2010 USD USD 7,434 (2018)

Government spending and balances

Indicator Value
Government Spending % GDP 21.28 % (2018)
Government Spending USD 78.38 B. (2018)
Government Debt % GDP 62.20 % (2019)

International Trade and Investment

Indicator Value
Terms of Trade Base Year 2000 145.75 (2018)
Trade Openness 59.47 % (2018)
Exports of Goods and Services % GDP 29.91 % (2018)
Exports Goods & Services USD 110.14 B. (2018)
Exports Annual Growth 2.64 % (2018)
Imports as % GDP 29.56 % (2018)
Total Imports USD 108.88 B. (2018)
Foreign Direct Investment % GDP 1.49 % (2018)
Foreign Direct Investment USD 5.47 B. (2018)
Current Account Balance % GDP USD -3.63 % (2018)
Current Account Balance USD -13.38 B. (2018)
Trade Balance % GDP 0.34 % (2018)
Trade Balance USD 1.16 B. (2018)
Foreign Exchange Reserves incl Gold USD 51.64 B. (2018)
Remittances % GDP 0.25 % (2018)
Remittances 0.25 % (2018)
Balance of Payments USD 2,280 M. (2018)

Labor Market

Indicator Value
Labor Force 23.07 M. (2019)
Unemployment Rate 27.32 % (2019)
Unemployment Rate Females 30.33 % (2019)
Unemployment Rate Males 26.39 % (2019)
Youth Unemployment (ages 15-24) 53.18 % (2019)
Labor Force Participation Rate 55.47 % (2019)
Labor Force (Percent Female) 45.38 % (2019)
Female Labor Force Participation Rate 48.77 % (2019)
Male Labor Force Participation Rate 62.59 % (2019)
Dependent People 52.43 % (2018)

Agriculture Sector

Indicator Value
Forest Area 7.60 % (2016)
Forest Area km² 92,410 km² (2016)
Agricultural Land 79.83 % (2016)
Agricultural Land km² 968,410 km² (2016)
Employment 5.09 % (2019)
Value added % GDP 2.18 % (2018)
Agriculture Value added USD 8.01 B. (2018)
Crop Production Index 104.80 (2016)
Precipitation 495 mm (2014)
Arable Land 10 % (2016)
Cereal Yield 5,648 kg/hectare (2017)
Food production index 117 (2016)
Rural Population 34 % (2018)
Fertilizer use of Arable Land 59 kg/hectare (2016)
Livestock Production Index 131 (2016)
Economy of South Africa

According to the World Bank and its latest published data, the economy of the South Africa presents a growth rate of 0.79 % (2018) to the previous year.

With a population that reaches 57.78 M (2018) and a gross domestic product of USD 368.29 B. (2018), it translates a Gross Domestic Product per Capita of USD 6,374 placing its inhabitants on the threshold of an Upper middle income country (according to the World Bank's updated classification).

South Africa also has a workforce of 23.07 M. (2019) with an unemployment rate of 27.32 % (2019), where women represent 30.33 % (2019) and men 26.39 % (2019), the unemployment rate for young people between 15-24 years old stood at 53.18 % (2019). The total number of dependent people stands at 52.43 % (2018).

The central government spent 21.28 % (2018) of its gross domestic product that year, which in absolute terms is USD 78.38 B. (2018). Its consolidated public debt reached 62.20 of its GDP, exceeding the 35% risk limit used by the European Union.

Regarding its international trade, South Africa exported USD 110.14 B. (2018), which represents 29.91 % (2018) of its gross domestic product, in that same sense its imports reached USD 108.88 B. (2018) with a direct foreign investment of USD 5.47 B. (2018).

South Africa has a forest area of 92,410 km² (2016), which represents 7.60 % (2016) of its total area, an average rainfall of 495 mm (2014) per year and a population of 34 % (2018) living in rural areas. With a total area of 968,410 km² (2016) available for agriculture and 5.09 % (2019) of its employments, the agricultural sector contributes to the economy of the South Africa about USD 8.01 B. (2018) (2.18 % (2018) of its GDP).