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.

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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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Contacts

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