ECONOMIC INFORMATION

 

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Population: 45.3m

Population growth: -0.11%

Population density (people per sq. km): 37

UN Human Development Index ranking: 119/177

Gross national income (current US$): $126.0bn (2003)

Gross national income per capita: $2,780

PPP Gross national income: $465.2bn

PPP Gross national income per capita: $10,270

GDP growth: -2.0% (2003)

GDP breakdown Agriculture: 3.8%, Industry: 30.99%, Services: 65.2%

Inflation (12-month average): 5.94 (2003)

Gross capital formation as % of GDP: 14.89%

Final consumption expenditure as % of GDP (growth): 81.2% (3.4%)

Exports of goods goods & services as % of GDP: 27.6%

Top 3 export markets: EU, US, Japan

Local industries: Mining (world’s largest producer of platinum, gold, chromium), automobile assembly, metalworking, machinery, textile, iron & steel, chemicals, fertilizer, foodstuffs

WEF Growth Competitiveness ranking *: 41/104

WEF Business Competitiveness ranking **: 25/103

WEF Quality of the Business Environment ranking: 25/103

Transparency International Corruption Perceptions ranking: 44/145

Languages : English (official)

 

 

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FDI INFORMATION

 

Region: Sub-Saharan Africa

No. of projects (Jan-Sep 2004): 95

Market-share of projects in the region: 31.5%

Value of projects relative to GDP : 5.9%

Top 3 destination sectors: Metals/mining, IT & software, financial services

Top 3 business functions: Manufacturing, business services, extraction

Top 3 source countries: UK, US, Germany

Top 3 investors: Computer Sciences Corporation, Anglo-American, Xstrata

 

 

IPA

 

Name: Trade and Investment South Africa

Web address: www.southafrica.info

* World Economic Forum Growth Competitiveness Ranking assesses an economy’s ability to grow consistently

** World Economic Forum Business Competitiveness Ranking assesses the microeconomic factors that contribute to economic growth

*** The difficulty of hiring workers and the difficulty and expense of firing workers is reflected as an index where the higher the value the more rigid the regulations