South Africa: Economy

Economic Trivia

South Africa has the largest economy in Africa.

Trade Source: United Nations Comtrade
Note: Top 3 trade partners are calculated by imports + exports.

Top 3 Trade Partners (2014): China, Germany, and United States
Top 3 Exported Goods (2014): Precious Stones & Metals, Ores, and Oil & Mineral Fuels

Top Industries Source: CIA World Factbook

Mining (Platinum, Gold, Chromium); Automobile Assembly; Metalworking; Machinery

Gross Domestic Product (GDP) Source: The World Bank

GDP, PPP (current international) $704,686,447,970 (2014)
GDP Growth Rate (annual %) 1.549% (2014)
GDP Per Capita, PPP (current international) $13,049 (2014)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 28/193 (2014)

Economic Indicators Source: The World Bank

Inflation, consumer prices (annual %) 6.375% (2014)
External debt stocks, total (DOD, current US$) $139,844,540,000 (2013)
Total tax rate (% of commercial profits) 28.8% (2015)
Real Interest Rate (5 year average %) 3.139% (2014)
Manufacturing, value added (% of GDP) 13.284% (2014)
Current Account Balance (BoP, current US$) ($19,086,482,205) (2014)
Click on a row to display its 5-year graph on the right.

Labor and Employment Source: The World Bank

Labor Force, Total 19,980,062 (2014)
Employment in Agriculture (% of total employment) 4.6% (2014)
Employment in Industry (% of total employment) 23.5% (2014)
Employment in Services (% of total employment) 71.9% (2014)
Unemployment Rate 25.1% (2014)
Click on a row to display its 5-year graph on the right.
Imports of goods and services (current US$) $115,939,286,636 (2014)
Exports of goods and services (current US$) $109,424,218,952 (2014)
Total Merchandise Trade (% of GDP) 60.829% (2014)
FDI, net inflows (BoP, current US$) $5,740,650,679 (2014)
Commercial Service Exports (current US$) $16,457,716,046 (2014)
Click on a row to display its 5-year graph on the right.

How to interpret the graph: The purpose of this graph is to take a snapshot of a country’s economy in comparison to other economies. For example, South Africa’s Exports rank is higher than (please wait...) of the countries in the dataset. For Exports, FDI and GDP measures, a higher rank (closer to 100%) indicates a stronger economy. Conversely, for Unemployment and Inflation, a lower rank (closer to 0%) indicates a stronger economy.

Due to unavailable data the following indicators have been omitted:
  • Exports
  • FDI, net inflows
  • GDP Growth Rate
  • GDP Per Capita
  • Inflation
  • Unemployment

Glossary