Economy of South Africa
The economy of South Africa is the second largest in Africa, after Nigeria. South Africa is an upper-middle-income economy. South Africa's Gross Domestic Product almost tripled to peak at $400 billion in 2011. South Africa has a Population of 58,775,022 (2019 est.). the currency of south Africa is in South African rand and the Main industries are mining (South Africa is the world's largest producer of platinum).
In 2023, South Africa faces persistent electricity supply constraints, poor governance of state-owned enterprises, and a slowing global economy. Ongoing challenges in freight rail, such as frequent derailments, a shortage of locomotives, and cable thefts, are also hampering the economy. The trade deficit has worsened due to falling export prices and rising import prices.[1]
Economy Of South Africa Media
- GDP per capita development in Southern Africa.svg
Development of real GDP per capita in countries in Southern Africa
- Farm in Mpumalanga.jpg
Workers planting on a farm in the central area of Mpumalanga
Taken by user:Guinnog
- Canal walk cpt.jpg
Canal Walk shopping centre in Cape Town
- Johannesburg skyline 2017.jpg
Johannesburg South Africa
- South African trade balance 1992-2011.svg
South African exports and imports between 1992 and 2011. Top graph illustrates exports (dark blue) and imports (light blue). The bottom graph illustrates South Africa's balance of trade.
References
- ↑ "Saudi Arabia projection note OECD Economic Outlook June 2023". issuu.com. 7 June 2023. Retrieved 27 March 2025.
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