south africa gdp ranking

If we order the countries according to their GDP per capita, South Africa is in 51th position. Language links are at the top of the page across from the title. FDI stocks Indicator: 53.4 Outward % of GDP 2021 South Africa % of GDP: Outward % of GDP 2005-2021 South Africa (red), OECD - Total (black) Outward % of GDP 2022 OECD - Total (black . The employment ratio only increased slightly to 39.4% at the end of 2022 from a pandemic low of 35.9% in September 2021. Ranking Details Photos Additional Rankings Recommended Articles Overview Ranking Details Photos Additional Rankings Recommended Articles Overview of South Africa Capital Pretoria, Cape. Nontransparent laws discourage private investment, and foreign investment is subject to additional inefficiency. The Country Climate Development Report (CCDR) is a new core diagnostic report of the World Bank that integrates climate change and development considerations. South Africa produces almosthalf the entire continents electricity output. Economy of South Africa. Get quick analyses with our professional research service. Forecast as of 26.08.2022, Murrey Math Lines 26.08.2022 (Brent, S&P 500), List of countries with highest gold reserves, TOP countries with the highest level of unemployment, How to find the best FX broker for trading in 2020. Angola will overtake Cte d'Ivoire and Tanzania to become the 9th largest economy. The most recent available inflation rate is 4.5 percent. GDP Growth Rate in South Africa increased by 0.4 % in the first quarter of 2023 over the previous quarter. You only have access to basic statistics. The GDP value of South Africa represents 0.18 percent of the world economy. Overview for 26.08.2022, USDCAD: Elliott wave analysis and forecast for 26.08.2022 02.09.2022, The cryptocurrency market digest (BTC). The first table includes estimates for the year 2020 made for each economy of the 194 countries and areas (including Hong Kong and Taiwan) covered by the International Monetary Fund (IMF)'s International Financial Statistics (IFS) database. South Africas economic freedom score is 55.7, making its economy the 116th freest in the 2023 Index. South Africa $419,015 million Egypt $404,143 million Algeria 163,044 million Morocco $142,866 million Ethiopia $111,271 million Kenya $110,347 million Ghana $77,594 million Chart. The trade-weighted average tariff rate is 6.3 percent, but extensive nontariff barriers limit trade freedom. 2023 by The Heritage Foundation. List of South African provinces by gross domestic product. The table below is an imperfect attempt at assessing South Africa's Income per capita level (proxied as World Economics GDP per capita) and South Africa's Asset wealth per capita (proxied by data derived from the Credit Suisse Wealth Report 2022), and using Untited Nations population data. For the purpose of the data published by the International Monetary Fund, the GDP (PPP) of Zanzibar is included as part of that of Tanzania, the GDP (PPP) of Western Sahara is included as part of that of Morocco, and the GDP (PPP) of Somaliland is included as part of that of Somalia. However, rates of formal-sector unemployment and crime are high. Overview and forecasts on trending topics, Industry and market insights and forecasts, Key figures and rankings about companies and products, Consumer and brand insights and preferences in various industries, Detailed information about political and social topics, All key figures about countries and regions, Market forecast and expert KPIs for 1000+ markets in 190+ countries & territories, Insights on consumer attitudes and behavior worldwide, Business information on 70m+ public and private companies, Detailed information for 35,000+ online stores and marketplaces. [Online]. GDP per capita PPP (purchasing power parity) in South Africa increased to 13470 USD in 2022. Rolling scheduled power cuts (load-shedding) started in 2007 and have intensified exponentially, reaching close to 9 hours daily in 2022. The South Africa CCDR was prepared in late 2022 and shows that South Africas ambition to build a more inclusive, resilient, and sustainable economy depends on the extent that the country will be able to shift from its current heavy dependence on coal to low-carbon activities (decarbonize) and to address the growing risks from climate change (adapt and build resilience). The policy cemented white rule by creating a race-based caste system and limited freedoms for the countrys non-white citizens. South Africa is an upper-middle-income economy, one of only eight such countries in Africa. Find out how good a country could be if it upgraded it's GDP data. economies in the world, and only three economies are within the top 50 world gdp ranking. facts. GDP helps to provide a snapshot of a country's economy and can be calculated using expenditures, production, or incomes. dollars)." The South Africa Financial Sector Development and Reform Program Phase 2 (FSDRP 2) is a five-year Bank technical assistance program, launched in September 2018, with a contribution from the Swiss State Secretariat for Economic Affairs. The maximum level was 492194 ZAR Million and minimum was 90907 ZAR Million, GDP from Services in South Africa increased to 1092750 ZAR Million (57.31 B USD) in the first quarter of 2023. Socio-economic challenges were further exacerbated by rising fuel and food (bread and cereals) prices, which disproportionately affected the poor. From Canada to Vietnam: Scenes from nations examined in U.S. News' Best Countries 2022 report. The rankings evaluate 85 countries across 26 rankings drawn from a survey of more than 17,000 global citizens, measuring 73 dimensions that have the potential to drive trade, travel and investment and directly affect national economies. Supported also by Switzerlands State Secretariat for Economic Affairs, it is in line with South Africas National Development Plan and Integrated Urban Development Framework. In 2021, South Africa scored 0.71 in the Human Development Index (HDI), which indicated a high level of development. The maximum volume was 251120 ZAR Million and minimum was 157032 ZAR Million, GDP from Public Administration in South Africa increased to 370103 ZAR Million (19.41 B USD) in the first quarter of 2023. The cost of licensing requirements has been reduced, but the overall regulatory framework remains costly. The World BanksSouth Africa Digital Economy Diagnosticexamined the strengths, weaknesses, and opportunities in the digital economy. Summary Forecast Stats Download The Gross Domestic Product (GDP) in South Africa was worth 405.87 billion US dollars in 2022, according to official data from the World Bank. [2] GDP comparisons using PPP are arguably more useful than those using nominal GDP when assessing the domestic market of a state because PPP takes into account the relative cost of local goods, services and inflation rates of the country, rather than using international market exchange rates, which may distort the real differences in per capita income. The unemployment rate is highest among youths aged between 15 and 24, at around 66.5%. GDP per capita (2013; GDP per capita (2013; 12,272,263. The third table is a tabulation of the CIA World Factbook GDP (PPP) data update of 2019. Ranking. Home | Country Rankings | Graph The Data | Heat MapExplore the Data | Downloads | FAQs| About The Index. Statista. Certain regions that are not widely considered countries such as Hong Kong also show up in the list if they are distinct jurisdiction areas or economic entities. All focus areas are approached through a lens of harnessing the digital economy, empowering women and girls, strengthening public sector institutions and governance frameworks, and promoting integration and cooperation in the region and continent. Rhino Bond investors agree to forego periodic interest coupon payments and instead direct the money to fund rhino conservation in two protected areas in South Africa. South Africa (13.77%) Algeria (6.26%) Morocco (4.78%) Kenya (4.18%) Ethiopia (3.72%) Tanzania (2.56%) Ghana (2.54%) Other Countries (25.78%) See also At the end of 2022, there were still close to half a million fewer jobs than at the end of 2019, with women and youth persistently more impacted. Inequality in wealth is even higher, and intergenerational mobility is low, meaning inequalities are passed down from generation to generation with little change over time. In It is aligned with the Banks Crisis Response Approach, aimed at protecting lives and livelihoods and supporting inclusive and resilient growth. Human development data from the United Nations Office of Drugs and Crime. Gross Domestic Product & Income Financial system and Human development Government debt & reserves Exports, imports and economic structure Compare with countries close by GDP per capita India vs South Africa vs Data are in millions of international dollars; they were compiled by the World Bank. Method The gross domestic product (GDP) per capita figures on this page are derived from PPP calculations. The maximum level was 7583 USD and minimum was 4624 USD. Figures for, List of countries by GDP (PPP) per capita, Saint Helena, Ascension and Tristan da Cunha, List of countries by GDP (nominal) per capita, List of countries by past and projected GDP (nominal), List of countries by past and projected GDP (PPP), List of countries by real GDP growth rate, List of country subdivisions by GDP over 200 billion US dollars, List of countries by Human Development Index, "World Economic Outlook Database, April 2023 Edition", "What is GDP and why is it so important? Changes to the October 2020 Database. Based on global opinion, these 25 nations are the world's best. [1] "}.mw-parser-output .srn-white-background{background:#fff}.mw-parser-output .static-row-numbers tr:hover{background:#eaf3ff}, GDP (PPP) by country in 2022 according to the IMF, Data is for the area controlled by the Government of the. [4] PPP is often used to gauge global poverty thresholds and is used by the United Nations in constructing the human development index. Africasthird-largest economy behind Nigeria and Egypt, South Africa drawshundreds of thousands of visitors each year eager to see its impressive terrain, wildlife and cultural diversity. Through this program, the World Bank supported the South African Reserve Bank (SARB) on the Financial Sector Law Amendment Bill, which provided for the orderly resolution of designated financial institutions and establishment of a deposit insurance scheme. (April 30, 2022). The maximum volume was 393955 ZAR Million and minimum was 228221 ZAR Million, GDP from Mining in South Africa increased to 200110 ZAR Million (10.495 B USD) in the first quarter of 2023. $) % of Rank PPP/Nom; 2018 2019 Change Africa World Africa World; Algeria: 364.7: 281: 83.6: 6: 88: 3.944: Angola This is a list of the African nations ranked by Gross Domestic Product (GDP) at Purchasing Power Parity (PPP). The countrys property rights score is below the world average; its judicial effectiveness score is above the world average; and its government integrity score is above the world average. With 189 member countries, staff from more than 170 countries, and offices in over 130 locations, the World Bank Group is a unique global partnership: five institutions working for sustainable solutions that reduce poverty and build shared prosperity in developing countries. rank of Libya will be up by nine positions from 24th in 2020 to 17th in 2021. CIA registers 2 separate entries for Palestine: "West Bank" and "Gaza Strip". Use Ask Statista Research Service, Monthly inflation rate in Kenya 2020-2022, Total employment in formal and informal sectors in Kenya 2015-2021, Cumulative external debt of Kenya 2020-2022. The project leverages significant financing from various development partners and sets the stage for future support for coal plant retirement in South Africa with anticipated Climate Investment Fund support of $500 million. See how South Africa compares to another country using any of the measures in the Index. In ppp data, Egypt is the largest economy in Africa, followed by Nigeria and South Africa. Show publisher information GDP From Agriculture in South Africa decreased to 127319 ZAR Million (6.677 B USD) in the first quarter of 2023. Considerations to be given priority include updating its policy on national broadband in line with international best practice, fast-tracking spectrum licensing, and ensuring the independence and capacity of the Independent Communications Authority of South Africa. Table The table initially ranks each country or territory with their latest available estimates, and can be reranked by either of the sources Notes: Villarejo's name had been circulating in the Spanish press for years. With IDAs help, hundreds of millions of people have escaped povertythrough the creation of jobs, access to clean water, schools, roads, nutrition, electricity, and more. Freedom indexes by The Heritage and Cato Institute. $1 trillion Cyril Ramaphosa won a five-year term in 2019 and was involved in a corruption scandal in 2022. The country reclaimed its spot atop the list after a one-year hiatus, while the United States moved up again in the annual rankings. The index . To ensure long-term economic development, further reform will be needed to strengthen the foundations of economic freedom. Partners include the United Nations, African Development Bank (AfDB), New Development Bank, International Monetary Fund (IMF), Department for International Development (DfID), and theState Secretariat for Economic Affairs of Switzerland (SECO). Applications and Limitations of ICP Data". List of African countries by GDP (nominal), List of African countries by Human Development Index, "World Economic Outlook database: April 2023", https://www.imf.org/external/datamapper/PPPGDP@WEO/OEMDC/ADVEC/WEOWORLD/AFQ, https://en.wikipedia.org/w/index.php?title=List_of_African_countries_by_GDP_(PPP)&oldid=1152235543, All articles with bare URLs for citations, Articles with bare URLs for citations from April 2022, Short description is different from Wikidata, Wikipedia indefinitely semi-protected pages, Creative Commons Attribution-ShareAlike License 4.0, This page was last edited on 29 April 2023, at 00:33. A relatively competitive trade regime has encouraged the development of a growing entrepreneurial sector. While the country is dotted with world-class dining, trendy shops, sprawling vineyards and upscale safari lodges, townships lacking basic infrastructure are often only a short distance away. This is to support the second phase of the government TreasurysCities Support Programme. Report for Selected Countries and Subjects: World, European Union", https://en.wikipedia.org/w/index.php?title=List_of_countries_by_GDP_(PPP)&oldid=1163612333, Largest economies in the world by PPP GDP in 2023, This page was last edited on 5 July 2023, at 19:12. The overall 2021 Country Policy and Institutional Assessment (CPIA) score for the regions 39 IDA-eligible countries remains unchanged at 3.1. Credit Suisse, Zrich, Environmental, Social & Governance Indexes, Data for individual countries and underlying data click on the country name, 1 Ivory Square, Plantation Wharf, London, SW11 3UE. The labor market has remained weak. Weak structural growth and the COVID-19 pandemic have exacerbated socio-economic challenges. The World Bank is supporting the implementation of a new wildlife initiative, a $8.9 million grant from the Global Environment Facility (GEF), to step up investment in South Africas wildlife and biodiversity sectors in the Kruger National Park, Addo Elephant National Park, and iSimangaliso Wetland Park. Three-year government spending and budget balance averages are, respectively, 33.0 percent and 6.8 percent of GDP.

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