South Africa is one of the most stable economies in the African continent. It is a middle-income country, with fully developed basic infrastructure. The country exhibits several indicators of a developing economy, such as well grown primary, secondary and tertiary sectors and non-dependency on agriculture. The manufacturing, mining and service sectors are the largest contributors to the country’s GDP.
According to the 2009 estimates, South Africa has an annual GDP purchasing power parity of US$488.6 billion. It ranks 26th in the world in terms of GDP. Per capita GDP is US$10,000.
The life expectancy rate at birth is 44.6, and the infant mortality rate per one thousand life births in the country is 54.0. Under the age of 5, the mortality rate (per 1,000) is 67.
The literacy rate, adult total (of people ages 15 and above) is 82.4%.
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