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South Africa

South Africa Economic Outlook

Real GDP grew at an estimated 0.7% in 2019, down from 0.8% in 2018, and is projected to rise to 1.1% in 2020 and 1.8% in 2021 amid domestic and global downside risks. Contraction in agriculture and mining drove slow growth in 2019. Agriculture contracted 4.8% and mining 1.7% in 2018. Besides erratic weather, a protracted debate about land reform weighed on agriculture. Electricity shortages and prolonged strikes contributed to the mining decline. The finance, real estate, and business services sector grew 1.8% in 2018 to contribute 0.4 percentage point to growth. Transport grew 1.6% in 2018 while manufacturing grew 1% in 2018. Manufacturing production was depressed by frequent electricity shortages, higher input prices, and weak demand amid ongoing international trade tensions.

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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