South Africa Economic Statistics and Indicators
25, May 2015, EDT. Welcome to the South Africa economic statistics pages provided by the beta version of EconomyWatch.com's Econ Stats database.
Economic Indicators For: South Africa › Change country
National or Regional Currency: Rand, ZAR
Year of data: 2014 › Change year
Number of Indicators Listed: 38
Full Dataset: From Year 1980 to 2019
Date of Last Update: 17th March 2015
Population: 48,375,645 ; note: Statistics South Africa (the national statistical agency of South Africa) estimates the country's mid-year 2013 total population to be 52,981,991, which takes into account the findings of South Africa's 2011 census; estimates for this country explicitly take into account the effects of excess mortality due to AIDS; this can result in lower life expectancy, higher infant mortality, higher death rates, lower population growth rates, and changes in the distribution of population by age and sex than would otherwise be expected (July 2014 est.)
Area: total: 1,219,090 sq km ; land: 1,214,470 sq km ; water: 4,620 sq km ; note: includes Prince Edward Islands (Marion Island and Prince Edward Island)
Natural Resources: gold, chromium, antimony, coal, iron ore, manganese, nickel, phosphates, tin, rare earth elements, uranium, gem diamonds, platinum, copper, vanadium, salt, natural gas
Capital: name: Pretoria (administrative capital); Cape Town (legislative capital); Bloemfontein (judicial capital) ; geographic coordinates: 25 42 S, 28 13 E ; time difference: UTC+2 (7 hours ahead of Washington, DC, during Standard Time)
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 the 16th largest in the world. Even though the country's modern infrastructure supports a relatively efficient distribution of goods to major urban centers throughout the region, unstable electricity supplies retard growth. The global financial crisis reduced commodity prices and world demand. GDP fell nearly 2% in 2009 but has recovered since then, albeit slowly with 2014 growth projected at about 2%. Unemployment, poverty, and inequality - among the highest in the world - remain a challenge. Official unemployment is at nearly 25% of the work force, and runs significantly higher among black youth. Eskom, the state-run power company, has built two new power stations and installed new power demand management programs to improve power grid reliability. Construction delays at two additional plants, however, mean South Africa is operating on a razor thin margin; economists judge that growth cannot exceed 3% until those plants come on line. South Africa's economic policy has focused on controlling inflation, however, the country has had significant budget deficits that restrict its ability to deal with pressing economic problems. The current government faces growing pressure from special interest groups to use state-owned enterprises to deliver basic services to low-income areas and to increase job growth.
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GDP (Constant Prices, National Currency) for South Africa in year 2014 is ZAR 2,021.32 Billion.
GDP (Current Prices, National Currency) for South Africa in year 2014 is ZAR 3,649.09 Billion.
GDP (Current Prices, US Dollars) for South Africa in year 2014 is US$ 341.216 Billion.
GDP Deflator for South Africa in year 2014 is 180.53 (Index, Base Year as per country's accounts = 100).
GDP (PPP), US Dollars for South Africa in year 2014 is US$ 683.147 Billion.
GDP Per Capita (PPP), US Dollars for South Africa in year 2014 is US$ 12,721.88 .
Investment (% of GDP) for South Africa in year 2014 is 19.357 %.
Inflation, Average Consumer Prices (Indexed to Year 2000) for South Africa in year 2014 is 222.943 (Index, Base Year 2000 = 100).
Inflation, End of Year (Indexed to Year 2000) for South Africa in year 2014 is 228.454 (Index, Base Year 2000 = 100).
Population for South Africa in year 2014 is 53.699 Million .
General government revenue (National Currency) for South Africa in year 2014 is ZAR 1,050.79 Billions.
General government total expenditure (National Currency) for South Africa in year 2014 is ZAR 1,229.84 Billions.
Total Government Net Lending/ Borrowing (National Currency) for South Africa in year 2014 is ZAR -179.057 Billions.
General Government Structural Balance (National Currency) for South Africa in year 2014 is ZAR -168.33 Billion.
Fiscal Year Gross Domestic Product, Current Prices for South Africa in year 2014 is ZAR 3,649.09 Billions.
Current Account Balance (US Dollars) for South Africa in year 2014 is US$ -19.573 Billion.
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Data Sources: IMF, World Bank, UN, OECD, CIA World Factbook, Internet World Statistics, The Heritage Foundation and Transparency International