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 (2017): China, Germany, and United States
Top 3 Exported Goods (2017): 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) [1]

GDP, PPP (current international) $765,567,479,795 (2017)
GDP Growth Rate (annual %) 1.32% (2017)
GDP Per Capita, PPP (current international) $13,498 (2017)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 29/195 (2017)

GDP Composition %

Note: GDP composition percentage may exceed 100. Manufacturing is included in the Industry figures and is also reported separately because it plays a critical role in many economies.

Economic Indicators [1]

Inflation, consumer prices (annual %) 5.181% (2017)
External debt stocks, total (DOD, current US$) $176,334,699,117 (2017)
Total tax rate (% of commercial profits) 28.9% (2017)
Real Interest Rate (5 year average %) 4.584% (2017)
Manufacturing, value added (% of GDP) 11.858% (2017)
Current Account Balance (BoP, current US$) ($8,606,738,733) (2017)
Click on a row to display its 5-year graph on the right.

Labor and Employment [1]

Labor Force, Total 22,041,176 (2017)
Employment in Agriculture (% of total employment) 5.553% (2017)
Employment in Industry (% of total employment) 23.372% (2017)
Employment in Services (% of total employment) 71.075% (2017)
Unemployment Rate 27.33% (2017)
Click on a row to display its 5-year graph on the right.

Trade [1]

Imports of goods and services (current US$) $99,258,642,535 (2017)
Exports of goods and services (current US$) $104,032,232,406 (2017)
Total Merchandise Trade (% of GDP) 54.485% (2017)
FDI, net inflows (BoP, current US$) $1,371,931,600 (2017)
Commercial Service Exports (current US$) $15,375,801,006 (2017)
Click on a row to display its 5-year graph on the right.

Economic Snapshot [1]

Note: Percentile ranks are calculated using the latest available data for all countries within the last 5 years.

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

Sources

  1. The World Bank