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Country Report South Africa

 

 

Summary of Country Report

South Africa - July 2011

 Map of South Africa


Despite the rebound, higher growth is needed to create employment

 

  • After a 3.7% growth this year, GDP is forecast to increase 4.8% in 2012
     
  • Large budget deficits (5.4% of GDP in 2011 and 4.9% in 2012) as the government has stepped up spending on job creation
     
  • Higher inflation in 2011 (4.9%) and 2012 (5.3%)
     
  • Rising imports will put the current account balance further into deficit (5.8% of GDP in 2012)
     
  • Increasing market intervention by the government could negatively affect international investors´ sentiment

 

Real GDP growth (%)

Chart: South Africa Real GDP growth (%)

Source: EIU / IMF

 

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General Information

Capital: Pretoria
Government type: Republic
Currency: Rand (ZAR)
Population: 49.1 million
Status: Upper middle income country
(GDP/capita: US$8,040 in 2011)
 
Main import sources (2010)

  • China: 14.4%
  • Germany: 11.4%
  • USA: 7.2%
  • Japan: 5.3%

Main export markets (2010)

  • China: 11.3%
  • USA: 10.1%
  • Japan: 8.9%
  • Germany: 8.2%

 _________________
Date: June 2011

 

 

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