South Africa

South Africa Economic Outlook

  • Economic growth suffered in 2012 from social unrest and the euro crisis but is expected to accelerate moderately in 2013 and 2014 thanks to improved global demand and accommodating macroeconomic policies.
  • The unemployment rate remained above 25% in the final months of 2012. South Africa continues to face the triple challenge of chronic high unemployment, poverty and inequality amid a slow and volatile domestic and global economic environment. The National Development Plan needs to be implemented to address structural bottlenecks to job creation.

Contacts

Southern Africa Resource Center (SARC)

African Development Bank Group
339 Witch-Hazel Avenue
Highveld Ext. 78
Centurion, South Africa

Tel: +27 12 003 6900

Mr. Ebrima Faal, RRC Director





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Did you know

South Africa produces almost half the entire continent’s electricity output

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Key Facts

Flag:
Capital: Pretoria
Area: 1,221,000 sq km
Total Population 2012: 50.7 Million
Urban Population 2012: 62.67%
Female Population 2012: 50.42%
GDP: US$ 369.6 Billion
GNI Per Capita 2012: US$ 6,960
Inflation Rate: 5.60%
Crude Birth Rate (per 1000): 20.64%
Human Development Index (rank / 187): 121
Human Development Index (scale 0 to 1): 0.629
Membership Date: 13/12/1995
Cumulative Approvals (1967-2012): UA 3.8 Billion

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