South Africa

South Africa Economic Outlook

Economic growth decelerated to 0.3% in 2016 although it is expected to rebound to 1.1% in 2017 and higher in later years.
Growth prospects will be driven by moderately stronger global growth, more favourable weather conditions, reliable electricity supply, less volatile labour relations, recovering business and consumer confidence, and stabilising commodity prices.
The industrialisation strategy is geared towards promoting entrepreneurship, which will also help to generate employment.

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

Activity

Reference	Project	Status
P-ZA-HB0-003	HOUSING INVESTMENT PARTNERS TRUST - HIP2 Categories: South Africa, Economic & Financial Governance	ApprovedAPVD
P-ZA-KA0-002	SOUTH AFRICA MUNICIPAL FINANCIAL MANAGEMENT TECHNICAL ASSISTANCE PROJECT Categories: South Africa, Economic & Financial Governance	ApprovedAPVD