Trends and Growth in South Africa

General Trends and Growth in South Africa

 

GDP (purchasing power parity):

billion (2009 est.) country comparison to the world: 26 $504.2 billion (2008 est.) $486.2 billion (2007 est.) note: data are in 2009 US dollars

GDP (official exchange rate):

$280.6 billion (2009 est.)

GDP - real growth rate:

-1.8% (2009 est.) country comparison to the world: 141 3.7% (2008 est.) 5.5% (2007 est.)

GDP - per capita (PPP):

$10,100 (2009 est.) country comparison to the world: 107 $10,300 (2008 est.) $10,100 (2007 est.) note: data are in 2009 US dollars

GDP - composition by sector:

agriculture: 3.5% industry: 32.1% services: 64.4% (2009 est.)

Labor force:

17.32 million economically active (2009 est.) country comparison to the world: 35

Labor force - by occupation:

agriculture: 9% industry: 26% services: 65% (2007 est.)

Unemployment rate:

24% (2009 est.) country comparison to the world: 172 22.9% (2008 est.)

Population below poverty line:

50% (2000 est.)

Household income or consumption by percentage share:

lowest 10%: 1.3% highest 10%: 44.7% (2000)

Distribution of family income - Gini index:

65 (2005) country comparison to the world: 2 59.3 (1994)

Investment (gross fixed):

20.6% of GDP (2009 est.) country comparison to the world: 82

Budget:

revenues: $74.92 billion expenditures: $86.26 billion (2009 est.)

Public debt:

35.7% of GDP (2009 est.) country comparison to the world: 72 31.6% of GDP (2008 est.)

Inflation rate (consumer prices):

7.2% (2009 est.) country comparison to the world: 166 11.3% (2008 est.)

Central bank discount rate:

11.5% (31 December 2008) country comparison to the world: 32 11% (31 December 2007)

Commercial bank prime lending rate:

15.13% (31 December 2008) country comparison to the world: 63 13.17% (31 December 2007)

Stock of money:

$44.66 billion (31 December 2008) country comparison to the world: 24 $58.49 billion (31 December 2007)

Stock of quasi money:

$124.1 billion (31 December 2008) country comparison to the world: 21 $141.9 billion (31 December 2007)

Stock of domestic credit:

$214.8 billion (31 December 2008) country comparison to the world: 31 $254.9 billion (31 December 2007)

Market value of publicly traded shares:

$491.3 billion (31 December 2008) country comparison to the world: 16 $833.5 billion (31 December 2007) $715 billion (31 December 2006)

Agriculture - products:

corn, wheat, sugarcane, fruits, vegetables; beef, poultry, mutton, wool, dairy products

Industries:

mining (world's largest producer of platinum, gold, chromium), automobile assembly, metalworking, machinery, textiles, iron and steel, chemicals, fertilizer, foodstuffs, commercial ship repair

Industrial production growth rate:

-7% (2009 est.) country comparison to the world: 122

Electricity - production:

240.3 billion kWh (2007 est.) country comparison to the world: 16

Electricity - consumption:

215.1 billion kWh (2007 est.) country comparison to the world: 17

Electricity - exports:

14.16 billion kWh (2008 est.)

Electricity - imports:

10.57 billion kWh (2008 est.)

Oil - production:

195,000 bbl/day (2008 est.) country comparison to the world: 42

Oil - consumption:

583,000 bbl/day (2008 est.) country comparison to the world: 29

Oil - exports:

128,500 bbl/day (2007 est.) country comparison to the world: 63

Oil - imports:

490,500 bbl/day (2007 est.) country comparison to the world: 25

Oil - proved reserves:

15 million bbl (1 January 2009 est.) country comparison to the world: 86

Natural gas - production:

3.25 billion cu m (2008 est.) country comparison to the world: 53

Natural gas - consumption:

6.45 billion cu m (2008 est.) country comparison to the world: 54

Natural gas - exports:

0 cu m (2008 est.) country comparison to the world: 121

Natural gas - imports:

3.2 billion cu m (2008 est.) country comparison to the world: 40

Natural gas - proved reserves:

27.16 million cu m (1 January 2006 est.) country comparison to the world: 102

Current account balance:

$-15.6 billion (2009 est.) country comparison to the world: 179 $-20.98 billion (2008 est.)

Exports:

$67.93 billion (2009 est.) country comparison to the world: 38 $86.12 billion (2008 est.)

Exports - commodities:

gold, diamonds, platinum, other metals and minerals, machinery and equipment

Exports - partners:

Japan 11.1%, US 11.1%, Germany 8%, UK 6.8%, China 6%, Netherlands 5.2% (2008)

Imports:

$70.24 billion (2009 est.) country comparison to the world: 35 $90.57 billion (2008 est.)

Imports - commodities:

machinery and equipment, chemicals, petroleum products, scientific instruments, foodstuffs

Imports - partners:

Germany 11.2%, China 11%, US 7.8%, Saudi Arabia 6.2%, Japan 5.5% (2008)

Reserves of foreign exchange and gold:

$37.41 billion (31 December 2009 est.) country comparison to the world: 28 $34.07 billion (31 December 2008 est.)

Debt - external:

$73.84 billion (30 June 2009) country comparison to the world: 39 $71.81 billion (31 December 2008)

Stock of direct foreign investment - at home:

$125.7 billion (31 December 2009 est.) country comparison to the world: 28 $120 billion (31 December 2008 est.)

Stock of direct foreign investment - abroad:

$65.07 billion (31 December 2009 est.) country comparison to the world: 28 $63.57 billion (31 December 2008 est.)

Exchange rates:

rand (ZAR) per US dollar - 8.54 (2009), 7.9576 (2008), 7.05 (2007), 6.7649 (2006), 6.3593 (2005)

Source: The CIA World Factbook

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Bi-Lateral Trade Profile

Bilateral Sector-Specific Trade between South Africa and the US.
 

			Year-to-date Jan.-Mar.
	2008	2009	2009 YTD	2010 YTD
Agricultural products:
US Exports to South Africa	413 851	174 551	39 479	43 642
US Imports from South Africa	242 769	228 547	36 433	40 862
Total AGOA including GSP provisions of AGOA	182 081	181 396	26 362	28 003
- US imports under GSP from South Africa	43 858	54 563	10 423	6 838
- US imports of duty-free items added under AGOA	138 224	126 833	15 940	21 165
Forest products:
US Exports to South Africa	137 254	114 183	24 612	30 775
US Imports from South Africa	40 260	24 523	13 248	3 377
Total AGOA including GSP provisions of AGOA	1 584	683	127	18
- US imports under GSP from South Africa	1 551	678	127	18
- US imports of duty-free items added under AGOA	34	5	0	0
Chemicals and related products:
US Exports to South Africa	854 128	641 248	141 727	176 547
US Imports from South Africa	754 186	492 520	89 548	138 801
Total AGOA including GSP provisions of AGOA	427 358	263 099	56 999	84 113
- US imports under GSP from South Africa	349 391	221 928	45 729	74 941
- US imports of duty-free items added under AGOA	77 967	41 170	11 270	9 172
Energy-related products:
US Exports to South Africa	327 561	300 715	69 650	50 357
US Imports from South Africa	107 284	69 228	21 932	11 754
Total AGOA including GSP provisions of AGOA	7	0	0	497
- US imports under GSP from South Africa	0	0	0	0
- US imports of duty-free items added under AGOA	7	0	0	497
Textiles and apparel:
US Exports to South Africa	46 017	35 917	8 566	9 202
US Imports from South Africa	45 899	27 050	7 606	5 174
Total AGOA including GSP provisions of AGOA	17 545	14 215	3 756	2 115
- US imports under GSP from South Africa	1 472	3 825	956	1 113
- US imports of duty-free items added under AGOA	16 073	10 390	2 800	1 002
Footwear:
US Exports to South Africa	1 038	810	343	167
US Imports from South Africa	1 032	584	174	64
Total AGOA including GSP provisions of AGOA	677	411	122	14
- US imports under GSP from South Africa	0	0	0	0
- US imports of duty-free items added under AGOA	677	411	122	14
Minerals and metals:
US Exports to South Africa	423 698	209 652	50 311	54 364
US Imports from South Africa	6 104 021	3 029 527	602 261	985 379
Total AGOA including GSP provisions of AGOA	1 248 532	408 090	124 762	188 742
- US imports under GSP from South Africa	878 215	314 549	85 299	161 063
- US imports of duty-free items added under AGOA	370 318	93 541	39 462	27 680
Machinery:
US Exports to South Africa	746 965	635 447	190 474	148 228
US Imports from South Africa	347 054	216 241	48 760	47 329
Total AGOA including GSP provisions of AGOA	22 972	23 576	6 056	2 551
- US imports under GSP from South Africa	22 634	23 437	6 056	2 551
- US imports of duty-free items added under AGOA	338	139	0	0
Transportation equipment:
US Exports to South Africa	2 090 828	1 177 364	325 558	245 327
US Imports from South Africa	2 046 442	1 546 427	379 383	366 222
Total AGOA including GSP provisions of AGOA	1 911 776	1 435 955	338 097	355 311
- US imports under GSP from South Africa	90 499	66 648	13 514	21 412
- US imports of duty-free items added under AGOA	1 821 277	1 369 306	324 583	333 899
Electronic products:
US Exports to South Africa	755 239	609 049	222 741	133 486
US Imports from South Africa	58 220	55 387	9 629	12 260
Total AGOA including GSP provisions of AGOA	14 858	19 600	2 847	4 725
- US imports under GSP from South Africa	14 857	19 420	2 842	4 725
- US imports of duty-free items added under AGOA	1	180	5	0
Miscellaneous manufactures:
US Exports to South Africa	103 786	86 523	20 935	18 358
US Imports from South Africa	101 056	95 221	18 665	43 832
Total AGOA including GSP provisions of AGOA	57 121	38 190	10 919	4 263
- US imports under GSP from South Africa	54 346	37 274	10 551	4 104
- US imports of duty-free items added under AGOA	2 775	916	367	159
Special provisions:
US Exports to South Africa	285 946	217 059	67 996	47 220
US Imports from South Africa	110 448	91 444	20 020	19 186
Total AGOA including GSP provisions of AGOA	0	0	0	0
- US imports under GSP from South Africa	0	0	0	0
- US imports of duty-free items added under AGOA	0	0	0	0
All sectors:
US Exports to South Africa	6 186 311	4 202 519	1 162 392	957 672
US Imports from South Africa	9 958 670	5 876 698	1 247 659	1 674 238
Total AGOA including GSP provisions of AGOA	3 884 512	2 385 216	570 046	670 353
- US imports under GSP from South Africa	1 456 822	742 323	175 497	276 765
- US imports of duty-free items added under AGOA	2 427 690	1 642 893	394 549	393 587
Source: US Department of Commerce

Source: http://agoa.info/index.php?view=country_info&country=za&story=trade