The 2017 Annual Meetings of the African Development Bank (AfDB) Group will be held on May 22-26, 2017 in Ahmedabad, India. The Annual Meetings are the Bank’s largest annual event and serve to raise the profile of the institution on the global stage. Find out more

South Africa

South Africa Economic Outlook

  • GDP growth declined from 1.5% in 2014 to 1.3% in 2015, and is expected to weaken further to 0.7% in 2016. Electricity shortages, low commodity prices and low consumer and business confidence continue to restrain the growth of economic activity.
  • Slow progress in delivering economic and social services in townships and rural areas remains one of the major challenges to government.
  •  South African cities are dynamic poles of socio-economic activity facing high inequality and environmental risks.

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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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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

Ms. Tonia KANDIERO, Director General