
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.
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 |
Activity
08/11/2018 - 2018 Africa investment forum Opening Video
09/05/2018 - Africa Investment Forum: Official launch and...
12/12/2013 - Nelson Mandela : a struggle for development
Project Portfolio
Reference | Project | Status |
---|---|---|
P-ZA-FF0-001 | REDSTONE CONCENTRATED SOLAR POWER Categories: South Africa, Energy & Power | ApprovedAPVD |
P-ZA-D00-004 | SA COMMUTER TRANSIT Categories: South Africa, Transport | ApprovedAPVD |
News
- 14/02/2019 - South Africa hosts first-ever Africa Continental Play-based Learning Conference
- 30/11/2018 - South Africa: African Development Bank approves a ZAR 3 billion loan to bolster renewable energy in South Africa
- 13/11/2018 - At Africa Investment Forum 2018, Fashionomics Africa cocktail event wows crowd with creative artistry, investment opportunities
Resources
Documents
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
Mr Kapil Kapoor, Director General