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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.
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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Contacts
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