South Africa

South Africa Economic Outlook

  • Annual growth in GDP fell to 1.5% in 2014, but is expected to rebound to 2.0% in 2015, as the large rand depreciation may stimulate an export-led recovery and the global economy gradually improves.
  • The macroeconomic policy framework is expected to remain unchanged, as the governing African National Congress (ANC) won 62% of the vote in the country’s fifth national elections held in May 2014.
  • South Africa has designed significant policies of spatial development at the local, regional and national levels, including development corridors, improvements in service delivery and decentralisation policies; but implementation has been slow and unequal across regions.


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

Did you know

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

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Key Facts

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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