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The economy of South Africa is a mixed economy, emerging market, and upper-middle-income economy, one of only eight such countries in Africa. [ 25][ 26][ 27] The economy is the most industrialised, technologically advanced, and diversified in Africa. [ 28] Following 1996, at the end of over twelve years of international sanctions, South Africa ...
On the whole, PPP per capita figures are more narrowly spread than nominal GDP per capita figures. [5] As of 2024 South Africa pioneers leading the way forward as the economic engine of Africa as is illustrated in the data below: Map of Africa by 2020 nominal GDP (billions USD):
This article lists the provinces of South Africa by their gross regional domestic product (GDP). South African provinces by GDP. Rank Province GDP (2022; billion ZAR) [1]
At the bottom of the list, South Africa had a growth rate of 0.1% while Equatorial Guinea’s economy had receded with a rate of -1.8%. World Bank estimates for 2022 presented a different picture, with Niger leading economic growth at 11.5%, South Sudan receding at a rate of -10.8% and the continent as a whole seeing an average of 4.2% growth. [3]
Countries by Real GDP Growth Rate in 2023 (Data from IMF WEO Database, April 2024) ... South Africa: 0.9
Prior to the arrival of the European settlers in the 17th century the economy of what was to become South Africa was dominated by subsistence agriculture and hunting. [ 1] In the north, central and east of the country tribes of Bantu peoples occupied land on a communal basis under tribal chiefdoms. It was an overwhelmingly pastoral economy and ...
The economy of Africa consists of the trade, industry, agriculture, and human resources of the continent. As of 2019, approximately 1.3 billion people [ 11 ] were living in 53 countries in Africa. Africa is a resource-rich continent. [ 12 ][ 13 ] Recent growth has been due to growth in sales, commodities, services, and manufacturing. [ 14 ]
South Africa is the economic nucleus of Africa the country's economy is the most industrialized and technologically advanced in Africa respectively, [254] and has the largest economy in Africa. It also has a relatively high gross domestic product (GDP) per capita compared to other countries in sub-Saharan Africa US$16,080 at purchasing power ...