|
|
|
STRUCTURE OF THE ECONOMY
According to the world fact book, agriculture accounts for 3.4% of the total GDP of the country as of the year 2005.
The major agricultural products of the country are citrus and deciduous fruits, corn, wheat, dairy products, sugarcane, tobacco and wool.
The industrial sector in the country plays a very significant role in the country. The major industries of the country are 1) Mining that includes platinum, Gold, Chromium, Diamonds, 2) Automobile assembly 3) Metalworking 4) Machinery 5) Textile 6) Iron, Steel 7) Chemicals 8) Fertilizer and 9) Foodstuffs.
|
The manufacturing industry in the country covers various specialized sectors including railway rolling stock, synthetic fuels and machinery.
The following diagram shows the percentage share of various sectors of the economy in the total GDP.
The contribution of the agricultural sector in the total GDP has followed a declining path in the recent years.
The services sector in the country has brought enormous success for the country.
|
|