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South Africa’s GDP at the end of 2020 was about R5.4 trillion. Taking into account the effects of inflation, the South African economy is now about the same size as it was in 2012. GDP is a very important measure of the economic health of a country.
Apr 5, 2024 · South Africa remains a dual economy with one of the highest and most persistent inequality rates in the world, with a consumption expenditure Gini coefficient of 0.67 in 2018. High inequality is perpetuated by a legacy of exclusion and the nature of economic growth, which is not pro-poor and does not generate sufficient jobs.
Sep 18, 2021 · Economy - overview: South Africa is a middle-income emerging market with an abundant supply of natural resources; well-developed financial, legal, communications, energy, and transport sectors; and a stock exchange that is Africa’s largest and among the top 20 in the world.
South Africa is among the three largest economies on the African continent. The GDP per capita of the nation was significantly higher compared to 1986 and up to 2003, even though a decrease was...
South Africa’s growth underperformed during the past decade: GDP per capita was already lower in 2019 than in 2008. Unemployment remains high, at around 35%, and youth unemployment even exceeds 50%. In the meantime, spending pressures are mounting to close the financing gap in health, infrastructure and higher education.
Dec 6, 2022 · Economic recovery from COVID-19. The pandemic hindered economic growth for about two years. Real GDP reached pre-pandemic levels in the first quarter of 2022 (Figure 3). The recovery was brief, with GDP contracting by 0,7% in the second quarter, mainly the result of widespread flooding in KwaZulu-Natal.
South Africa economic outlook | Deloitte Insights. South Africa economic outlook, November 2023. Struggles with a power, logistics, and growth crisis has impacted South Africa’s public purse. The economy’s medium-term outlook remains dim but vital reforms are gaining traction. Article. •. 8-min read. •. 22 November 2023. •.
