South Africa

Description of South Africa

South Africa, a nation of diverse landscapes and cultures, stands as a pivotal player in the African continent with a rich history of triumph and adversity. From the bustling city life of Johannesburg to the stunning wildlife of Kruger National Park, South Africa offers a unique blend of modernity and natural beauty. As the largest economy in Africa, South Africa faces challenges of inequality, political instability, and fluctuating economic growth. By delving into the intricate web of macroeconomic statistics, we aim to unravel the complexities of South Africa's development trajectory and its implications on the global stage.

Population And Age Structure

South Africa's total population of 58,801,927 is above the average population of 40,097,746. The country ranks 25th out of 194 countries in terms of total population.

The percentage of population ages 0-14 in South Africa is 28.74%, slightly higher than the average of 27.34%. South Africa ranks 84th out of 194 countries for this demographic.

With a total of 16,899,481 children ages 0-14, South Africa surpasses the average of 10,327,380. The country holds the 23rd rank out of 194 countries in this category.

South Africa's population aged 15-64 accounts for 65.26% of the total population, higher than the average of 63.44%. The country is ranked 84th out of 194 in this age group.

The total number of individuals aged 15-64 in South Africa is 38,374,016, exceeding the average of 26,003,407. South Africa ranks 23rd out of 194 countries for this demographic.

Individuals aged 65 and above make up 6.00% of South Africa's population, lower than the average of 9.22%. The country ranks 107th out of 194 in this age group.

South Africa's population aged 65 and above totals 3,528,430, below the average of 3,766,959. The country holds the 32nd rank out of 194 for this age category.

Summary

South Africa has a larger-than-average total population, with significant numbers in both the younger (ages 0-14) and working-age (15-64) demographics. The country ranks high globally in the number of children and individuals in the 15-64 age group. However, the percentage of elderly individuals aged 65 and above is below the global average, impacting the country's demographic composition and potentially influencing areas such as healthcare, pension systems, and workforce dynamics.

Population Miscellaneous

South Africa has a rural population of 19,196,477, which is above the average rural population of 18,044,041. The country ranks 29th out of 190 countries in this aspect.

The percentage of South Africa's total population living in rural areas is 32.65%, below the average of 41.16%. South Africa is ranked 113th out of 190 countries for this metric.

South Africa's urban population is 39,605,450, significantly higher than the average urban population of 22,425,747. The country ranks 24th out of 194 countries in urban population.

With 67.35% of its population living in urban areas, South Africa exceeds the average urban population percentage of 59.69%. The country ranks 82nd out of 194 countries in this regard.

The age dependency ratio in South Africa is 53.23%, below the average of 59.22%. This places the country at the 111th rank out of 194 countries.

South Africa has a crude birth rate of 20.33 per 1,000 people, slightly higher than the average of 19.38. The country is ranked 78th out of 192 countries for its birth rate.

With a crude death rate of 9.43 per 1,000 people, South Africa surpasses the average death rate of 8.21. The country ranks 53rd out of 192 countries in this aspect.

The total fertility rate in South Africa is 2.40 births per woman, lower than the average of 2.60. The country ranks 82nd out of 190 countries for its fertility rate.

Summary

South Africa's population distribution leans towards urban areas, with a higher urban population compared to the global average. Despite a relatively lower percentage of rural population, the country's age dependency ratio is below the world average. South Africa also demonstrates a slightly higher crude birth rate and death rate than the global average, with a lower total fertility rate.

These indicators are crucial for understanding South Africa's demographic landscape and can influence various aspects of its economy and social development. A higher urban population may drive economic growth but also pose challenges in infrastructure and resource management. The age dependency ratio impacts healthcare and pension systems, while birth and death rates affect healthcare services and workforce dynamics. The total fertility rate provides insights into future population trends and workforce sustainability.

Military

1. Military expenditure (current USD): South Africa's military expenditure is $3.23 billion, which is notably below the average of $12.9 billion. South Africa ranks 48th out of 149 countries in this regard.

2. Military expenditure (% of GDP): South Africa's military expenditure as a percentage of GDP is 0.96%, which is below the average of 1.90%. The country holds the 118th rank out of 148 countries.

3. Arms exports (SIPRI trend indicator values): South Africa's arms exports amount to $111 million, significantly lower than the average of $705.7 million. The country ranks 20th out of 34 countries for this attribute.

4. Armed forces personnel, total: South Africa has 89,000 armed forces personnel, below the average of 165,909 personnel. The country ranks 54th out of 164 countries for this statistic.

5. Armed forces personnel (% of total labor force): South Africa's armed forces personnel represent 0.39% of the total labor force, less than the average of 1.28%. The country ranks 131st out of 164 countries in this category.

Summary

South Africa's military expenditure, arms exports, and armed forces personnel numbers are below global averages, indicating a relatively modest investment in defense capabilities compared to other countries. The country's lower rankings in these key indicators suggest that South Africa may have different priorities in terms of resource allocation, potentially focusing on other areas such as infrastructure development or social programs.

Natural Resources

South Africa's forest area of 170,500.9 sq. km is below the global average of 211,606.11 sq. km, ranking 40th out of 191 countries.

The land area of 1,213,090 sq. km in South Africa exceeds the average of 665,166.51 sq. km, placing it 24th out of 194 countries.

With a surface area of 1,219,090 sq. km, South Africa surpasses the average of 689,779.56 sq. km, ranking 24th out of 194 countries.

South Africa's arable land spans 12,000,000 hectares, higher than the average of 7,329,543.16 hectares, placing it 24th out of 190 countries.

The land under cereal production in South Africa covers 3,669,212 hectares, below the average of 4,206,011.63 hectares, ranking 35th out of 174 countries.

South Africa receives an average precipitation depth of 495 mm per year, lower than the global average of 1,157.83 mm per year, ranking 141st out of 178 countries.

South Africa's total renewable internal freshwater resources of 44.8 billion cubic meters fall short of the average of 240.41 billion cubic meters, placing it 81st out of 178 countries.

Summary

South Africa's land area, including forest, arable land, and surface area, ranks relatively high compared to global averages, positioning the country favorably in terms of available land resources. However, South Africa's lower precipitation depth and limited renewable internal freshwater resources may pose challenges for sustainable agricultural practices and water security, delineating potential areas for investment and policy focus to enhance resource management and agricultural productivity in the country.

Resource Rents

Total natural resources rents (% of GDP) in South Africa stand at 4.02%, slightly below the average of 4.63%. This places South Africa at 62nd rank out of 175 countries with available data for this attribute.

Coal rents (% of GDP) for South Africa are notably high at 1.61%, well above the average of 0.40%. This places South Africa at the impressive 4th rank out of 65 countries.

Forest rents (% of GDP) in South Africa are at 0.74%, below the average of 1.53%. South Africa ranks 65th out of 174 countries with data in this category.

Oil rents (% of GDP) make up 0.21% in South Africa, significantly below the average of 2.51%. The country ranks 54th out of 117 nations for this attribute.

Natural gas rents (% of GDP) contribute a mere 0.02% in South Africa, well below the average of 1.25%. South Africa holds the 63rd rank out of 96 countries with available data.

Mineral rents (% of GDP) in South Africa are at 1.43%, slightly above the average of 1.23%. This places South Africa at the 21st rank out of 86 countries included in this statistic.

Summary

South Africa's economy relies significantly on natural resources, with notable strengths in coal and mineral rents. While the country's coal rents and mineral rents are notably high compared to global averages, its natural gas rents and oil rents are comparatively low. This diversified resource profile positions South Africa as a key player in the global natural resource market.

Commodities

- Cereal production in South Africa is 18,790,392.17 metric tons, which is above the average of 17,249,945.93 metric tons. South Africa ranks 28th out of 174 countries in this attribute.
- Aquaculture production in South Africa is 9,753.01 metric tons, significantly below the average of 679,642.92 metric tons. South Africa ranks 77th out of 180 countries in this attribute.
- Capture fisheries production in South Africa is 603,020.12 metric tons, higher than the average of 467,453.06 metric tons. South Africa ranks 31st out of 190 countries in this attribute.
- Total fisheries production in South Africa is 612,773.13 metric tons, below the average of 1,153,914.85 metric tons. South Africa ranks 38th out of 182 countries in this attribute.
- Fertilizer consumption per hectare of arable land in South Africa is 94.25 kilograms, lower than the average of 159.04 kilograms. South Africa ranks 94th out of 187 countries in this attribute.

Summary

South Africa excels in cereal and capture fisheries production but lags behind in aquaculture and total fisheries production compared to global averages. However, its low fertilizer consumption per hectare of arable land indicates potential inefficiencies in agricultural practices, which could impact long-term productivity and sustainability in the agricultural sector.

Intellectual Property

South Africa's Industrial design applications by nonresidents (738) are below the attribute average of 1415.83. The country ranks 31 out of 112 countries in this data set.

For Industrial design applications by residents, South Africa's value (970) is also under the average of 9799.58. The country ranks 30 out of 113 countries.

In terms of Patent applications by nonresidents, South Africa's figure (6146) is slightly below the average of 6538.40. It ranks 18 out of 129 countries.

South Africa's Patent applications by residents (542) are significantly lower than the average of 19037.56. The country ranks 43 out of 117 countries in this regard.

The number of Trademark applications by nonresidents in South Africa (14219) is under the average of 15878.93. The country ranks 30 out of 130 countries.

Trademark applications by residents in South Africa (22104) are well below the average of 111055.78. The country ranks 33 out of 129 countries.

South Africa's Scientific and technical journal articles value (15884.53) is above the average of 15103.76. The country ranks 29 out of 192 countries.

In terms of Charges for the use of intellectual property payments, South Africa's value (1197536398.40) is below the average of 3218843494.39. The country ranks 36 out of 143 countries.

On the other hand, Charges for the use of intellectual property receipts in South Africa (126359274.91) are significantly lower than the average of 3191687117.58. The country ranks 41 out of 122 countries.

South Africa has 472.68 Researchers in R&D per million people, which is below the average of 2556.45. The country ranks 55 out of 72 countries.

Summary

South Africa ranks below average in various key macroeconomic indicators such as Industrial design applications, Patent applications, Trademark applications, Charges for the use of intellectual property payments and receipts, and Researchers in R&D per million people. These statistics indicate that South Africa may need to focus on enhancing innovation, research and development, and intellectual property utilization to improve its economic competitiveness and technological advancement in the global market.

Broad Economy Attributes

GDP (current US$): South Africa's GDP is $338.29 billion, below the average of $442.87 billion. It ranks 38 out of 189 countries.

GDP, PPP (current international $): South Africa's GDP, adjusted for purchasing power parity, is $798.96 billion, above the average of $734.14 billion. It ranks 31 out of 181 countries.

GDP per capita (current US$): South Africa's GDP per capita is $5753.07, significantly below the average of $15462.11. It ranks 94 out of 190 countries.

GDP per capita, PPP (current international $): South Africa's GDP per capita, adjusted for purchasing power parity, is $13587.27, below the average of $21251.89. It ranks 93 out of 181 countries.

GNI (current US$): South Africa's GNI is $332.66 billion, below the average of $452.04 billion. It ranks 35 out of 185 countries.

GNI, PPP (current international $): South Africa's GNI, adjusted for purchasing power parity, is $785.65 billion, above the average of $730.70 billion. It ranks 31 out of 181 countries.

GNI per capita, PPP (current international $): South Africa's GNI per capita, adjusted for PPP, is $13360, below the average of $20615.75. It ranks 92 out of 181 countries.

Summary

South Africa's GDP, GNI, and GDP per capita figures are generally below the global averages, indicating room for economic growth and development. However, when adjusted for purchasing power parity, South Africa's position improves slightly, showing a better ability to afford goods and services relative to the average. These statistics are crucial for policymakers and investors to understand the country's economic standing, potential for investment, and overall standard of living compared to other nations.

Broad Value Added

South Africa's Gross Value Added at basic prices is $306.37 billion, ranking 35th out of 176 countries. This value is below the attribute average of $360.07 billion.

In Agriculture, forestry, and fishing value added as a percentage of GDP, South Africa's value is 2.58%, ranking 137th out of 182 countries. This percentage is well below the average of 10.86%.

South Africa's Agriculture, forestry, and fishing value added in current US dollars is $8.74 billion, which ranks 51st out of 182 countries, significantly below the average of $19.92 billion.

Services value added as a percentage of GDP in South Africa is 64.63%, ranking 47th out of 183 countries, above the average of 56.72%.

The Services value added in current US dollars for South Africa is $218.64 billion, ranking 32nd out of 183 countries, below the average of $295.83 billion.

South Africa's Industry (including construction) value added in current US dollars is $78.99 billion, ranking 38th out of 183 countries. This value is below the average of $118.42 billion.

Summary

South Africa's macroeconomic indicators show that while the country excels in services, its performance in agriculture and industry lags behind global averages. The low contribution of agriculture to the GDP reflects a need for diversification and modernization of the sector to enhance productivity and ensure food security. Additionally, the relatively lower value added in the industry highlights areas for potential growth and investment to increase competitiveness and drive economic development.

Manufacturing Value Added

1. Manufacturing, value added (current US$): South Africa's value added in manufacturing is $39,768,237,474.51, which is below the average of $76,207,179,589.66. The country ranks 40 out of 173 countries in this statistic.

2. Manufacturing, value added (% of GDP): South Africa's manufacturing value added as a percentage of GDP is 11.76%, slightly below the average of 11.90%. The country ranks 84 out of 173 countries in this metric.

3. Medium and high-tech manufacturing value added (% manufacturing value added): South Africa's value in this category is 24.43%, slightly below the average of 24.49%. The country ranks 67 out of 149 countries in this aspect.

4. Chemicals (% of value added in manufacturing): South Africa's proportion of chemicals in manufacturing value added is 6.99%, well below the average of 11.56%. The country ranks 64 out of 89 countries in this attribute.

5. Food, beverages and tobacco (% of value added in manufacturing): South Africa's percentage in this category is 22.18%, below the average of 24.51%. The country ranks 41 out of 92 countries included.

6. Machinery and transport equipment (% of value added in manufacturing): South Africa's share is 14.60%, below the average of 16.85%. The country ranks 49 out of 93 countries in this metric.

7. Textiles and clothing (% of value added in manufacturing): South Africa's contribution is 1.79%, significantly lower than the average of 6.33%. The country ranks 66 out of 93 countries for this attribute.

8. Other manufacturing (% of value added in manufacturing): South Africa has a notable 54.43% in this category, above the average of 42.13%. The country ranks 16 out of 94 countries in this aspect.

Summary

South Africa's manufacturing sector shows mixed performance compared to global averages and rankings. While the country's overall manufacturing value added is below average, it excels in the "Other manufacturing" category. However, there are notable shortcomings in key areas such as chemicals, textiles, and clothing. These indicators are crucial as they reflect the country's industrial diversity, competitiveness, and potential for economic growth in various sectors.

Money

Inflation, consumer prices (annual %): South Africa has a consumer price inflation of 3.21%, which is below the average of 8.26%. This puts South Africa at a rank of 60 out of 165 countries in the data set.

Inflation, GDP deflator (annual %): South Africa's GDP deflator inflation is 5.26%, slightly below the average of 6.90%. This places South Africa at the 43rd position out of 188 countries.

Broad money growth (annual %): South Africa's broad money growth rate is 9.43%, significantly lower than the average of 18.03%. This ranks South Africa 100th out of 139 countries.

Broad money (% of GDP): South Africa's broad money as a percentage of GDP is 73.97%, slightly above the average of 71.75%. This places South Africa at the 55th position out of 139 countries.

Broad money to total reserves ratio: South Africa's ratio is 4.55%, below the average of 5.17%. South Africa ranks 31st out of 126 countries in this metric.

Summary

South Africa performs moderately well in terms of inflation rates, with consumer price inflation and GDP deflator inflation both below the global averages. However, the country lags behind in broad money growth rate, ranking lower than the global average. Despite this, South Africa has a relatively high percentage of broad money to GDP, indicating a solid financial base compared to other countries. The lower ratio of broad money to total reserves highlights the need for careful management of reserves to ensure stability and economic resilience in the face of global financial challenges.

Consumption Expenditure

Final consumption expenditure (current US$): South Africa's final consumption expenditure of $281,101,902,347.093 is below the average of $381,630,252,515.3805. This places South Africa at Rank 30 out of 159 countries.

Final consumption expenditure (% of GDP): South Africa's final consumption expenditure accounts for 83.09% of its GDP, slightly above the average of 82.37%. South Africa is ranked 67 out of 159 countries in this aspect.

General government final consumption expenditure (current US$): South Africa's expenditure of $69,603,094,662.0712 is below the average. South Africa holds Rank 29 out of 158 countries.

General government final consumption expenditure (% of GDP): South Africa's government expenditure is 20.57% of its GDP, higher than the average of 18.71%. South Africa ranks 55 out of 158 countries for this metric.

Household and NPISHs Final consumption expenditure (current US$): South Africa's expenditure of $211,498,807,685.022 is below the average, with a rank of 31 out of 158 countries.

Households and NPISHs final consumption expenditure (% of GDP): South Africa's expenditure by households and NPISHs accounts for 62.52% of its GDP, slightly below the average of 63.68%. South Africa ranks 79 out of 158 countries in this category.

Summary

South Africa's final consumption expenditure, both in total and by government and households, falls below the global average. However, its government's expenditure as a percentage of GDP is higher than average, indicating a relatively larger role of government in the economy compared to private consumption. This could have implications for economic growth, distribution of resources, and the overall stability of the economy.

Equities

1. South Africa has 264 listed domestic companies, which is below the average of 636.625. This places South Africa at rank 25 out of 72 countries.

2. The total value of stocks traded in South Africa is 293,832,160,000 USD, significantly below the average of 1,379,501,951,820.91 USD. South Africa ranks 15 out of 71 countries in this aspect.

3. Stocks traded as a percentage of GDP in South Africa stand at 86.86%, much higher than the average of 31.65%. This places South Africa at rank 11 out of 71 countries.

4. The market capitalization of listed domestic companies in South Africa is 1,051,528,630,000 USD, below the average of 1,196,037,851,618.88 USD. South Africa is ranked 12 out of 73 countries.

5. South Africa's market capitalization of listed domestic companies as a percentage of GDP is 310.84%, well above the average of 71.24%. This ranks South Africa 3 out of 73 countries.

6. The S&P Global Equity Indices in South Africa have declined by 7.02% annually, significantly below the average annual change of 2.06%. This places South Africa at rank 52 out of 79 countries.

Summary

South Africa exhibits lower-than-average numbers in terms of listed domestic companies, total stock value traded, market capitalization, and S&P Global Equity Indices performance, yet higher percentages in stocks traded as a percentage of GDP and market capitalization as a percentage of GDP. These statistics indicate that South Africa has a relatively concentrated and volatile stock market, with a higher proportion of stocks being traded compared to its GDP size. This may suggest a higher level of investor activity and potential for market swings in the country's economy.

Investment

1. South Africa's Foreign Direct Investment, net (BoP, current US$) is -$5.09 billion, well below the average of -$1.62 billion. It ranks 147 out of 169 countries in the dataset.

2. Foreign Direct Investment, net inflows (BoP, current US$) for South Africa amount to $3.15 billion, lower than the average of $5.75 billion. The country ranks 45 out of 182 nations.

3. In terms of Foreign Direct Investment, net inflows (% of GDP), South Africa's value of 0.93% is below the average of 2.61%. It ranks 122 out of 178 countries.

4. South Africa's Foreign Direct Investment, net outflows (BoP, current US$) are at -$1.94 billion, significantly under the average of $5.71 billion. It ranks 147 out of 156 countries.

5. For Foreign Direct Investment, net outflows (% of GDP), South Africa's -0.57% is below the average of 1.00%. The country ranks 133 out of 155 nations.

6. Portfolio Investment, net inflows (BoP, current US$) for South Africa are $6.75 billion, much higher than the average of $0.68 billion. It ranks 24 out of 159 countries.

7. South Africa's Portfolio investment in bonds (PPG + PNG) (NFL, current US$) is -$5.69 billion, below the average of $4.13 billion. The country ranks 59 out of 59 countries in the dataset.

8. Lastly, Portfolio equity, net inflows (BoP, current US$) for South Africa amount to -$5.16 billion, below the average of $9.20 billion. It ranks 114 out of 125 countries.

Summary

South Africa's performance in key macroeconomic indicators related to foreign direct investment and portfolio investment reveals mixed results. While the country struggles with negative figures in certain areas like Foreign Direct Investment outflows, it shows strength in others such as Portfolio Investment net inflows. These indicators are crucial as they reflect the level of foreign investor confidence in South Africa's economy and its ability to attract investments for sustainable growth and development.

Debt

Total debt service (% of GNI): South Africa's value of 8.36% is above the average of 5.98%. It ranks 26th out of 120 countries in the dataset.

Public and publicly guaranteed debt service (% of GNI): South Africa's value of 3.34% is above the average of 2.84%. It ranks 40th out of 120 countries.

External debt stocks (% of GNI): South Africa's value of 52.73% is below the average of 65.42%. It ranks 63rd out of 120 countries.

Debt service on external debt, total (TDS, current US$): South Africa's value of $27,816,570,393 is significantly above the average. It ranks 10th out of 123 countries.

Debt service on external debt, public and publicly guaranteed (PPG) (TDS, current US$): South Africa's value of $11,114,482,403.50 is well above the average. It ranks 9th out of 123 countries.

External debt stocks, public and publicly guaranteed (PPG) (DOD, current US$): South Africa's value of $99,435,226,043.10 is significantly above the average. It ranks 10th out of 123 countries.

External debt stocks, private nonguaranteed (PNG) (DOD, current US$): South Africa's value of $31,938,744,348.70 is below the average. It ranks 19th out of 91 countries.

External debt stocks, total (DOD, current US$): South Africa's value of $175,416,994,458.70 is significantly above the average. It ranks 11th out of 123 countries.

Summary

South Africa exhibits above-average values in key macroeconomic indicators related to debt service and external debt stocks. It ranks relatively high globally in terms of debt servicing on both total external debt and public and publicly guaranteed external debt. Additionally, the country holds significantly high levels of external debt stocks compared to the average. These findings are crucial as they highlight South Africa's challenges in managing its debt obligations and the potential risks associated with its high debt levels, which could impact its fiscal stability and economic development.

Broad Trade Attributes

Trade (% of GDP): South Africa's trade as a percentage of GDP is below the average of 82.34%, ranking 116 out of 163 countries.

Merchandise trade (% of GDP): South Africa's merchandise trade as a percentage of GDP is below the average of 60.01%, ranking 95 out of 186 countries.

Trade in services (% of GDP): South Africa's trade in services as a percentage of GDP is significantly below the average of 24.63%, ranking 155 out of 171 countries.

External balance on goods and services (current US$): South Africa's external balance on goods and services in current US$ is notably above the average of $3,405,509,011.13, ranking 26 out of 163 countries.

External balance on goods and services (% of GDP): South Africa's external balance on goods and services as a percentage of GDP is positive, being above the average of -5.97%, ranking 30 out of 163 countries.

Summary

South Africa's trade, both in terms of total trade and merchandise trade as a percentage of GDP, falls below global averages, indicating potential untapped opportunities for economic growth through increased international trade. However, the country's trade in services as a percentage of GDP is significantly lagging, highlighting a sector that may need attention to enhance competitiveness and generate more value. Despite these challenges, South Africa's positive external balance on goods and services, both in absolute terms and as a percentage of GDP, showcases its ability to maintain a surplus in international trade activities, fostering economic stability and resilience in the face of global fluctuations.

Net Trade

The current account balance in South Africa is $6.7 billion, significantly higher than the average of $1.44 billion, ranking 24 out of 170 countries. The current account balance as a percentage of GDP is 1.98%, above the average of -2.36%, ranking 48 out of 170 countries.

South Africa's net trade in goods and services stands at $15.02 billion, well above the average of $2.6 billion, ranking 24 out of 171 countries. The net primary income is -$5.73 billion, below the average of -$0.9 billion, ranking 146 out of 170 countries.

Furthermore, the net secondary income in South Africa is -$2.59 billion, significantly below the average of -$0.27 billion, ranking 145 out of 170 countries. The net trade in goods is $17.67 billion, substantially higher than the average of $1.3 billion, ranking 23 out of 171 countries.

South Africa's net capital account is $14.29 million, below the average of $136.54 million, ranking 100 out of 159 countries. Lastly, the net financial account in South Africa is $7.87 billion, notably higher than the average of -$0.47 billion, ranking 22 out of 170 countries.

Summary

South Africa demonstrates strong performance in key macroeconomic indicators such as current account balance, net trade in goods and services, and net financial account. Its current account balance is significantly higher than the global average, indicating a healthy trade balance. Additionally, the country's net trade in goods and services is well above average, reflecting a competitive export sector. These positive indicators suggest that South Africa has a resilient economy with robust trade relationships and investment prospects.

Broad Export Attributes

South Africa's exports of goods, services, and primary income amount to $101.96 billion, which is below the average of $146.24 billion (ranked 37th out of 170 countries). The country's exports of goods and services stand at $94.06 billion, also below the average of $122.94 billion (ranked 37th out of 170 countries).

Furthermore, South Africa's goods exports amount to $85.41 billion, below the average of $93.31 billion (ranked 33rd out of 171 countries). The country's exports of goods and services as a percentage of GDP are 27.53%, lower than the average of 38.19% (ranked 95th out of 163 countries).

In addition, South Africa's international tourism receipts as a percentage of total exports are 2.89%, lower than the average of 9.74% (ranked 69th out of 120 countries). Lastly, the country's ICT goods exports as a percentage of total goods exports are 0.92%, below the average of 3.81% (ranked 67th out of 142 countries).

Summary

South Africa's exports of goods, services, and primary income, as well as goods and services, are below the global averages, ranking 37th out of 170 countries. Additionally, the country's goods exports and exports of goods and services as a percentage of GDP are also below average, ranking 33rd and 95th respectively. The low international tourism receipts and ICT goods exports highlight areas where South Africa lags behind in leveraging key economic sectors for growth and development.

These findings are important as they indicate that South Africa may not be fully maximizing its export potential across various sectors, impacting its overall economic performance and global competitiveness. Addressing these shortcomings through targeted policies and investments could help boost export earnings, drive economic growth, and improve the country's standing in the global market.

Merchandise Exports

South Africa's merchandise exports amount to $85.83 billion, ranking 35th out of 187 countries. This is lower than the average merchandise export value of $89.54 billion.

In terms of Agricultural raw materials exports, South Africa's percentage is 2.01%, below the average of 2.97%. It ranks 51st out of 151 countries.

South Africa's food exports account for 11.85% of merchandise exports, below the average of 24.06%. It ranks 94th out of 152 countries.

The country's fuel exports represent 8.11% of merchandise exports, lower than the average of 13.70%. South Africa ranks 49th out of 147 countries.

South Africa's ores and metals exports constitute 31.44% of merchandise exports, significantly higher than the average of 9.10%. It ranks 18th out of 152 countries.

Lastly, in terms of residual merchandise exports, South Africa's percentage is 9.05%, above the average of 3.20%. It ranks 14th out of 166 countries.

Summary

South Africa's merchandise exports fall below the global average, with lower percentages in agricultural raw materials and food exports but higher percentages in ores and metals exports and residual merchandise exports. This indicates a heavy reliance on ores and metals for export revenue, potentially leaving the country vulnerable to fluctuations in commodity prices. Diversification of export products could help mitigate this risk and create a more stable economic foundation.

Technology Exports

South Africa's manufactures exports account for 38.39% of its merchandise exports, which is below the average of 42.62%. The country ranks 79th out of 152 countries in this category.

High-technology exports in South Africa total $1,835,041,126, significantly below the average of $16,655,934,078.80. The country ranks 46th out of 151 countries in this aspect.

South Africa's high-technology exports as a percentage of manufactured exports stand at 5.62%, lower than the average of 10.15%. The country ranks 80th out of 150 countries in this metric.

For medium and high-tech exports as a percentage of manufactured exports, South Africa performs better at 45.11%, above the average of 34.29%. The country ranks 53rd out of 149 countries in this regard.

Summary

South Africa generally trails behind the global average and ranks lower among countries in terms of its manufacturing exports, high-technology exports, and the percentage of high-technology exports in relation to total manufactured exports. Despite this, the country performs relatively well in medium and high-tech exports as a percentage of manufactured exports.

These indicators are important as they reflect South Africa's level of technological advancement, innovation capabilities, and competitiveness in the global market. They highlight areas where the country may need to focus on improving to enhance its economic development and increase its global trade presence.

Service Exports

1. Service exports (BoP, current US$): South Africa's value for service exports is significantly below the average, ranking 53 out of 171 countries in the dataset.

2. ICT service exports (BoP, current US$): South Africa's ICT service exports are also below average, ranking at 61 out of 166 countries.

3. ICT service exports (% of service exports, BoP): The percentage of ICT service exports in South Africa is below average, ranking 88 out of 166 countries.

4. Communications, computer, etc. (% of service exports, BoP): South Africa's proportion of communications in service exports is below average, ranking 97 out of 169 countries.

5. Transport services (% of service exports, BoP): The percentage of transport services in South Africa's export sector is below average, ranking 91 out of 169 countries.

6. Travel services (% of service exports, BoP): South Africa's reliance on travel services for exports is above average, ranking 56 out of 167 countries.

7. Insurance and financial services (% of service exports, BoP): South Africa excels in this area, with a value well above the average, ranking at 23 out of 161 countries.

Summary

South Africa exhibits below-average performance in key macroeconomic indicators related to service exports and ICT service exports, as well as their proportions in the export sector. Notably, the country's reliance on travel services for exports is above average, while excelling in insurance and financial services exports. These findings are crucial as they highlight areas where South Africa can focus on improving competitiveness and diversification of its service export portfolio to enhance economic growth and resilience.

Commercial Service Exports

South Africa's Commercial service exports amount to $8,402,748,875.06, placing it in the 52nd position out of 171 countries. This value is notably below the average of $28,508,218,402.80.

Regarding Travel services, South Africa's percentage of commercial service exports is 31.03%, slightly above the average of 27.89%. The country ranks 58th out of 167 countries in this aspect.

South Africa's Computer, communications, and other services contribute 40.36% to its commercial service exports, ranking 95th out of 169 countries. This value falls below the average of 42.44%.

The country significantly outperforms in Insurance and financial services with 12.31% of commercial service exports. This places South Africa in the 24th position out of 161 countries, well above the average of 6.97%.

In Transport services, South Africa lags behind with 16.30% of commercial service exports. This places the country in the 96th position out of 169 countries, below the average of 23.37%.

Summary

South Africa's commercial service exports are below average, with a notable contribution from Travel services and Insurance/financial services, outperforming in these sectors compared to global averages. However, the country falls short in Computer, communications, and Transport services. These findings are crucial as they highlight South Africa's strengths and weaknesses in different service sectors, indicating areas for potential growth and improvement to enhance its overall economic performance.

Broad Import Attributes

- South Africa's imports of goods and services amount to $78.35 billion, ranking 42nd out of 163 countries. This value is below the average of $126.19 billion.
- South Africa's imports of goods and services as a percentage of GDP is 23.16%, ranking 134th out of 163 countries. This percentage is lower than the average of 44.15%.
- South Africa's international tourism expenditures as a percentage of total imports stand at 2.02%. This places South Africa 97th out of 131 countries, below the average of 3.98%.
- The country's ICT goods imports as a percentage of total goods imports is 8.18%, ranking 37th out of 143 countries, higher than the average of 6.85%.
- South Africa's goods imports amount to $67.74 billion, ranking 39th out of 171 countries. This value is below the average of $92.01 billion.
- Imports of goods and services (BoP) for South Africa total $79.04 billion, ranking 41st out of 170 countries. This is below the average of $120.32 billion.
- South Africa's imports of goods, services, and primary income (BoP) total $92.67 billion, ranking 41st out of 170 countries. This value is below the average of $144.51 billion.

Summary

South Africa's import values across various categories like goods, services, and ICT goods are below global averages, indicating a comparatively lower level of external trade activity. Additionally, the country's international tourism expenditures are below average, suggesting potential room for growth in this sector. These findings are crucial as they highlight South Africa's position in the global economy, its trade competitiveness, and potential areas for improvement to enhance economic development and international engagement.

Merchandise Imports

South Africa's merchandise imports amount to $84.06 billion, ranking 37th out of 190 countries. This is slightly below the average of $89.39 billion.

The percentage of manufactures imports is 65.76%, slightly below the average of 66.76%. South Africa ranks 89th out of 152 countries in this aspect.

Agricultural raw materials imports account for 1.07% of South Africa's merchandise imports, ranking 83rd out of 152 countries. This is below the average of 1.27%.

Food imports make up 8.40% of South Africa's merchandise imports, with a ranking of 133rd out of 152 countries. This is notably below the average of 15.89%.

Fuel imports constitute 13.96% of South Africa's merchandise imports, exceeding the average of 11.38%. South Africa ranks 46th out of 152 countries in this category.

Ores and metals imports represent 2.73% of South Africa's merchandise imports, slightly above the average of 2.57%. South Africa ranks 47th out of 152 countries in this attribute.

The residual merchandise imports by the reporting economy account for 0.71% in South Africa, ranking 71st out of 180 countries. This is lower than the average of 2.51%.

Summary

South Africa's merchandise imports are slightly below the global average in terms of total value, with a significant portion consisting of fuel imports which exceed the global average. The country also imports less food compared to the global average, while the percentage of manufactures imports is slightly below average.

These findings are crucial as they indicate South Africa's reliance on fuel imports, which could impact its trade balance and energy security. The lower proportion of food imports may suggest a strong domestic agricultural sector, while the percentage of manufactures imports could reflect the country's industrial capabilities and trade dynamics with other nations.

Service Imports

South Africa's service imports amount to $11,298,373,586.15, ranking 52 out of 171 countries. This value is below the average service imports of $27,615,356,170.47.

Communications, computer, etc. account for 51.90% of South Africa's service imports, ranking 67 out of 169 countries. This percentage is above the average of 44.40%.

Transport services contribute 34.40% to South Africa's service imports, ranking 69 out of 169 countries, slightly above the average of 32.90%.

Travel services make up 8.21% of South Africa's service imports, placing it at rank 105 out of 169 countries. This percentage is below the average of 14.14%.

Insurance and financial services represent 5.48% of South Africa's service imports, ranking 97 out of 169 countries. This is lower than the average of 8.53%.

Summary

South Africa's service imports are significant, totaling $11,298,373,586.15, albeit below the global average. The country heavily relies on communications, computer, etc. services for its imports, which is above average, while travel services constitute a smaller portion compared to the average.

These statistics are crucial as they reflect South Africa's dependence on specific service sectors for imports, highlighting areas of strength and potential vulnerability in its economy. Understanding these key indicators can aid policymakers in making informed decisions to promote economic growth and stability.

Commercial Service Imports

South Africa's commercial service imports amount to $11.04 billion, ranking 51st out of 171 countries. This is below the average commercial service imports of $27.10 billion.

Computer, communications, and other services represent 50.76% of South Africa's commercial service imports, which is above the average of 41.71%. South Africa is ranked 67th out of 169 countries for this attribute.

Insurance and financial services account for 5.61% of South Africa's commercial service imports, below the average of 8.85%. The country is ranked 99th out of 169 countries for this metric.

Transport services make up 35.22% of South Africa's commercial service imports, slightly above the average of 34.71%. South Africa is ranked 73rd out of 169 countries on this measure.

Travel services contribute 8.41% to South Africa's commercial service imports, falling below the average of 14.73%. South Africa ranks 109th out of 169 countries in this category.

Summary

South Africa has commercial service imports amounting to $11.04 billion, ranking 51st globally. The country shows strengths in computer, communications, and other services making up over half of its imports. However, it lags behind in insurance and financial services and travel services. These indicators are crucial as they highlight South Africa's trade composition, strengths, and areas needing improvement in the services sector, ultimately impacting its economic competitiveness on the global stage.

Infrastructure

1. Railways, passengers carried (million passenger-km): South Africa's value of 3501.96 million passenger-km is below the attribute average of 32281.92 million passenger-km. The country ranks 25th out of 64 countries in this dataset.

2. Air transport, freight (million ton-km): With 102.39 million ton-km, South Africa is below the attribute average of 1384.37 million ton-km. It holds the 49th rank out of 126 countries.

3. Air transport, registered carrier departures worldwide: South Africa's value of 88578.63 departures is below the average of 134365.61 departures. The country is ranked 33rd out of 149 countries.

4. Air transport, passengers carried: South Africa's 8304771.04 passengers carried is below the attribute average of 11848242.70 passengers. It ranks 33rd out of 149 countries.

5. Container port traffic (TEU: 20 foot equivalent units): The country's 4075618 TEUs is below the average of 6907110.27 TEUs. South Africa holds the 35th rank out of 110 countries.

6. Rail lines (total route-km): South Africa's total route-km of 20953 is above the attribute average of 12204.74 route-km. It ranks 9th out of 66 countries in the dataset.

Summary

South Africa's performance in key macroeconomic indicators related to transportation infrastructure falls below the global averages in terms of railways passengers carried, air transport of freight and passengers, and container port traffic. However, the country surpasses the average in the total route-km of rail lines. These findings are crucial as they highlight areas where South Africa may need to improve its transportation infrastructure to enhance connectivity and trade efficiency, which are vital for economic growth and competitiveness in the global market.

Information Technology Infrastructure

South Africa has 855,339 secure internet servers, which is significantly above the global average of 458,294. South Africa ranks 16 out of 193 countries in this attribute.

For secure internet servers per 1 million people, South Africa has 14,546.10 servers, slightly above the average of 14,067.17. The country ranks 43 out of 193 in this category.

With 70.32% of its population using the internet, South Africa performs better than the average of 64.77%. The country ranks 101 out of 180 in this aspect.

In terms of fixed broadband subscriptions, South Africa has 1,303,057 subscriptions, below the average of 6,591,956.35. South Africa holds the 66th rank out of 185 countries.

Regarding mobile cellular subscriptions, South Africa boasts 95,959,439 subscriptions, well above the average of 42,526,463.87. South Africa ranks 17 out of 193 countries in this attribute.

Summary

South Africa demonstrates strong performance in the realm of internet infrastructure, with a notable number of secure internet servers and a high percentage of population using the internet. However, there is room for growth in terms of fixed broadband subscriptions to align with global averages. The high number of mobile cellular subscriptions showcases a strong mobile communication network in the country.

These indicators are crucial as they reflect South Africa's level of technological advancement, connectivity, and potential for digital innovation. They also impact various sectors such as education, business, and overall socio-economic development, highlighting the importance of continued investment in internet infrastructure to support growth and competitiveness.

Energy Consumption

South Africa's renewable energy consumption is at 9.76% of total final energy consumption, well below the global average of 32.18%. This ranks South Africa 145th out of 191 countries in the dataset for this attribute.

In terms of CO2 emissions, South Africa produces 393,241.6 kt, significantly higher than the global average of 171,895.94 kt. This places South Africa at the 14th rank out of 188 countries in terms of CO2 emissions.

Summary

South Africa's renewable energy consumption is relatively low compared to the global average, indicating a potential need for increased investment and development in renewable energy sources to align with global sustainability goals. On the other hand, South Africa's high CO2 emissions exceed the global average significantly, highlighting the country's contribution to environmental concerns such as climate change. These statistics are crucial as they demonstrate South Africa's current energy landscape and environmental impact, shaping its path towards achieving sustainability and addressing climate change challenges.

Government Balance Sheet

South Africa's net acquisition of financial assets is 2.60% of GDP, slightly above the average of 2.45%. This places South Africa at rank 33 out of 87 countries in the dataset.

The country's central government debt stands at 77.38% of GDP, which is higher than the average of 74.12%. South Africa is ranked 23 out of 61 countries in this metric.

South Africa's net incurrence of liabilities is significant at 12.48% of GDP, well above the average of 7.43%. This places South Africa at rank 14 out of 92 countries.

South Africa's total reserves as a percentage of total external debt is at 31.36%, substantially below the average of 66.13%. The country is ranked 60 out of 102 nations in this aspect.

In terms of reserves and related items in current US dollars, South Africa has a negative value of $7.65 billion. This is considerably lower than the average of $1.92 billion, placing South Africa at rank 162 out of 171 countries.

South Africa's total reserves minus gold in current US dollars are $47.39 billion, below the average of $74.22 billion. This ranks South Africa 37 out of 161 countries.

With total reserves including gold in current US dollars at $55.01 billion, South Africa falls short of the average of $85.70 billion. This places the country at rank 35 out of 161 nations.

Lastly, South Africa's total reserves in months of imports is at 7.12, slightly above the average of 7.10. The country is ranked 55 out of 151 countries based on this measure.

Summary

South Africa performs moderately in terms of key macroeconomic indicators when compared globally. It has higher-than-average levels of central government debt and net incurrence of liabilities, while its reserves as a percentage of total external debt and total reserves in current US dollars are below average. These metrics are crucial as they reflect the country's financial stability, ability to meet its debt obligations, and its overall economic resilience in the face of external shocks and crises.

Government Revenue

1. Revenue, excluding grants (% of GDP): South Africa's value of 27.95% is slightly above the average of 27.02%. The country ranks 53 out of 122 countries in this attribute data.

2. Grants and other revenue (% of revenue): South Africa's value of 14.84% is below the average of 23.54%. The country ranks 66 out of 108 countries in this attribute data.

3. Social contributions (% of revenue): South Africa's value of 1.83% is significantly below the average of 22.29%. The country ranks 74 out of 81 countries in this attribute data.

4. Taxes on goods and services (% of revenue): South Africa's value of 33.13% is slightly above the average of 31.82%. The country ranks 58 out of 122 countries in this attribute data.

5. Taxes on international trade (% of revenue): South Africa's value of 2.98% is below the average of 6.24%. The country ranks 60 out of 101 countries in this attribute data.

6. Other taxes (% of revenue): South Africa's value of 0.98% is below the average of 2.12%. The country ranks 53 out of 106 countries in this attribute data.

7. Taxes on income, profits and capital gains (% of revenue): South Africa's value of 46.24% is significantly above the average of 24.66%. The country ranks 7 out of 119 countries in this attribute data.

Summary

South Africa exhibits some interesting trends in key macroeconomic indicators compared to global averages and other countries. The country ranks relatively high in taxes on income, profits, and capital gains as a percentage of revenue, indicating a heavy reliance on these forms of taxation. However, South Africa lags behind in social contributions as a percentage of revenue, suggesting potential challenges in funding social welfare programs and services. These indicators are crucial as they reflect the country's fiscal policies, government priorities, and overall economic stability.

Taxes

- Tax revenue (% of GDP): South Africa's tax revenue as a percentage of GDP is 23.24%, which is above the average of 16.72%. With a rank of 18 out of 123 countries, South Africa performs relatively well in this aspect.
- Taxes on exports (% of tax revenue): South Africa's tax on exports as a percentage of total tax revenue is 0.39%, significantly below the average of 2.54%. South Africa ranks 32 out of 36 countries in this category.
- Customs and other import duties (% of tax revenue): South Africa's customs and import duties as a percentage of tax revenue stand at 3.55%, below the average of 9.01%. The country ranks 66 out of 99 countries in this regard.
- Taxes on income, profits, and capital gains (% of total taxes): In South Africa, taxes on income, profits, and capital gains account for 55.49% of total taxes, which is above the average of 38.40%. The country ranks 12 out of 120 countries.
- Tariff rate, applied, weighted mean, all products (%): South Africa's weighted mean applied tariff rate for all products is 4.4%, slightly below the average of 5.21%. With a rank of 68 out of 153 countries, South Africa's tariff rate is competitive on a global scale.

Summary

South Africa demonstrates solid performance in tax revenue collection compared to the global average, with a percentage of 23.24% of GDP and a ranking of 18 out of 123 countries. However, the country has room for improvement in terms of taxes on exports and customs/import duties, where it falls below average and ranks relatively lower. The high reliance on taxes from income, profits, and capital gains highlights the need for diversification in revenue sources to ensure long-term fiscal stability and economic resilience.

Government Expenses

South Africa's expense as a percentage of GDP is 37.81%, which is above the average of 31.69%. The country ranks 38th out of 123 countries for this attribute.

Compensation of employees in South Africa accounts for 13.20% of expenses, below the average of 24.70%. This places South Africa at 98th out of 123 countries.

Goods and services expense in South Africa represents 8.36% of total expenditure, lower than the average of 14.77%. South Africa ranks 88th out of 122 countries.

Interest payments make up 11.43% of expenses in South Africa, surpassing the average of 6.85%. South Africa is ranked 22nd out of 121 countries for this metric.

Other expenses, constituting 10.58% of total expenditure in South Africa, are slightly above the average of 8.29%. South Africa holds the 33rd position out of 120 countries.

Subsidies and other transfers account for 56.44% of South Africa's expenses, significantly higher than the average of 43.29%. The country ranks 29th out of 121 countries in this category.

Summary

South Africa shows a higher expense as a percentage of GDP compared to the average, ranking 38th for this attribute. However, it has lower compensation of employees, goods and services expense, and interest payments compared to the average, placing it at 98th, 88th, and 22nd respectively. Subsidies and other transfers in South Africa significantly exceed the average, positioning the country at 29th.

These statistics are crucial as they provide insights into how South Africa allocates its resources and manages its finances relative to other countries. The higher percentage of subsidies and transfers may indicate a focus on social welfare or economic support programs, while lower compensation expenses could point to potential labor market challenges or income distribution issues.

Top Stats

Ranks in Top Decile For:

Attribute	Rank/Total
Coal rents (% of GDP)	4/65
Market capitalization of listed domestic companies (% of GDP)	3/73
Debt service on external debt, total (TDS, current US$)	10/123
Debt service on external debt, public and publicly guaranteed (PPG) (TDS, current US$)	9/123
External debt stocks, public and publicly guaranteed (PPG) (DOD, current US$)	10/123
External debt stocks, total (DOD, current US$)	11/123
Merchandise exports by the reporting economy, residual (% of total merchandise exports)	14/166
Secure Internet servers	16/193
Mobile cellular subscriptions	17/193
CO2 emissions (kt)	14/188
Taxes on income, profits and capital gains (% of revenue)	7/119

Ranks in Bottom Decile For:

Attribute	Rank/Total
Foreign direct investment, net outflows (BoP, current US$)	147/156
Portfolio investment, bonds (PPG + PNG) (NFL, current US$)	59/59
Portfolio equity, net inflows (BoP, current US$)	114/125
Trade in services (% of GDP)	155/171
Reserves and related items (BoP, current US$)	162/171
Social contributions (% of revenue)	74/81