Indicators of economy in South AfricaThe essential economic performance of a country is reflected by the gross domestic product. So the total of all goods and services sold. Worldwide gross domestic product in 2020 was at about 10.922 US Dollar per capita. In contrast, the GDP in South Africa reached 5.091 US dollars per inhabitant, or 301.92 bn US Dollar in the whole country. South Africa is therefore currently ranked 39 of the major economies. If this is calculated per inhabitant taking into account the purchasing power parity, then South Africa is in the list of the world's richest countries in place 93.
Inflation in South Africa was in 2020 at around 3.22%. For the the EU, the average of the same was year at 0.50%.
Compared to Germany, the prices for convenience goods are approximately 53.18% lower.
The Corruption Perceptions Index for the public sector counts 44 and is compared to other countries bad.
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Unemployment rates in percent 1991 - 2020
Economic performance 2020
|GDP||301.92 bn USD||5,090.72 USD||15,192.65 tn USD||29,499.72 USD|
|Gross national product||320.87 bn USD||5,410.09 USD||16,012.29 tn USD||31,091.23 USD|
South Africa ranked 47th in the Bloomberg Innovation Index in 2021. The index is calculated annually and most recently included 60 countries. The front-runner was South Korea. 10 of the 2000 largest listed companies in the world originate from South Africa. This is determined annually in the "Forbes Global 2000" list. The 10 largest companies in the country were in 2020:
Rank 536: FirstRand (Johannesburg)
Rank 544: Standard Bank Group (Johannesburg)
Rank 563: Naspers (Cape Town)
Rank 791: Absa Group (Johannesburg)
Rank 864: Old Mutual (Cape Town)
Rank 890: Sanlam (Bellville)
Rank 911: Nedbank (Sandton)
Rank 1185: MTN Group (Roodepoort)
Rank 1264: Sasol (Johannesburg)
Rank 1755: Momentum Metropolitan Holdings (Centurion)
Development of the Gross domestic product in billion US Dollar 1979 - 2020
Im- and Exports 2020
|Imports||77.86 bn USD||1,312.75 USD||7,314.16 bn USD||14,201.97 USD|
|Exports||93.01 bn USD||1,568.29 USD||7,834.94 bn USD||15,213.17 USD|
Development of imports and exports in billion US dollars 1979 - 2020