South Africa

South Africa Economic Outlook

  • GDP growth declined from 1.5% in 2014 to 1.3% in 2015, and is expected to weaken further to 0.7% in 2016. Electricity shortages, low commodity prices and low consumer and business confidence continue to restrain the growth of economic activity.
  • Slow progress in delivering economic and social services in townships and rural areas remains one of the major challenges to government.
  •  South African cities are dynamic poles of socio-economic activity facing high inequality and environmental risks.

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Key Facts

Flag:
Capital: Pretoria
Area: 1,221,000 sq km
Total Population 2015: 52.8 Million
Urban Population 2015: 62.88%
Female Population 2015: 51.46%
GDP: US$ 335.4 Billion
GNI Per Capita 2015: US$ 7,610
Inflation Rate: 5.67%
Crude Birth Rate (per 1000): 20.85%
Human Development Index (rank / 187): 121
Human Development Index (scale 0 to 1): 0.629
Membership Date: 13/12/1995
Cumulative Approvals (1967-2015): UA 4.3 Billion

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Activity



Resources



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. Kennedy Mbekeani, Officer-in-Charge