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.

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