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South Africa

South Africa Economic Outlook

Real GDP growth was an estimated 0.7% in 2017/18, down from 1.3% in 2016/17. The agricultural sector grew 17.7% in 2016/17, after contracting 10.2% in 2015/16, to contribute 0.4 percentage point to GDP growth. Manufacturing contracted 0.2% in 2016/17 after growing 0.9% in 2015/16. Growth also slowed in the services sector, with growth in finance, the main subsector, slipping from 2.3% in 2015/16 to 1.9% in 2016/17, contributing 0.4 percentage point to overall growth. Household consumption remains the key driver of growth. Household and government consumption contributed 1.5 percentage point to growth in 2016/17, compared with 0.8 percentage point in 2016.

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Key Facts

Flag:
Capital: Pretoria
Area: 1,221,000 sq km
Total Population 2017: 55.4 Million ...
Urban Population 2017: 73.50%
Female Population 2017: 49.70%
GDP: US$ 276.1 Billion
GNI Per Capita 2015: US$ 6,050
Inflation Rate: 6.09%
Crude Birth Rate (per 1000): 19.90%
Human Development Index (rank / 188): 119
Human Development Index (scale 0 to 1): 0.666
Membership Date: 13/12/1995
Cumulative Approvals (1967-2016): UA 4.3 Billion

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Southern Africa Regional Development and Business Delivery Office

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

Tel: +27 12 003 6900

Mr Kapil Kapoor, Director General