South Africa Economy

  • 4 years ago
South Africa Economy. Labor market, trade and economic growth. South Africa's economy explained.

This video about the South African economy was created in February 2020.

South Africa has Africa’s second largest economy after Nigeria. The country’s nominal GDP in 2018 was 368 billion USD.
https://data.worldbank.org/indicator/NY.GDP.MKTP.CD?locations=ZA&most_recent_value_desc=true

Sources:

South Africa Population
https://www.worldometers.info/world-population/south-africa-population/

South Africa Advanced Economy
https://www.heritage.org/index/country/southafrica

GNI per capita, Atlas method (2018, current US$):
https://data.worldbank.org/indicator/NY.GNP.PCAP.CD

Unemployment rate in South Africa
https://data.worldbank.org/indicator/SL.UEM.TOTL.NE.ZS?locations=ZA

Inequality in South Africa
https://edition.cnn.com/2019/05/07/africa/south-africa-elections-inequality-intl/index.html
https://www.theglobeandmail.com/world/article-post-apartheid-south-africa-is-worlds-most-unequal-country-world/

Economic GDP Growth forecast for 2020
https://www.bloomberg.com/news/articles/2020-01-09/world-bank-cuts-south-africa-gdp-forecast-on-eskom-fears

Electricity (95% generated by Eskom)
http://www.eskom.co.za/OurCompany/CompanyInformation/Pages/Company_Information.aspx
https://www.bloomberg.com/news/articles/2020-01-09/world-bank-cuts-south-africa-gdp-forecast-on-eskom-fears
https://www.sapeople.com/2019/11/26/eskom-will-continue-to-be-owned-by-government/


South Africa Labor force
(the labor force includes employed workers and unemployed workers that are actively seeking work)
https://data.worldbank.org/indicator/SL.TLF.TOTL.IN?locations=ZA

Unemployment rate in South Africa
https://data.worldbank.org/indicator/SL.UEM.TOTL.NE.ZS?locations=ZA

Employment in agriculture, industry and services
https://data.worldbank.org/indicator/SL.AGR.EMPL.ZS?locations=ZA
https://data.worldbank.org/indicator/SL.IND.EMPL.ZS?locations=ZA
https://data.worldbank.org/indicator/SL.SRV.EMPL.ZS?locations=ZA

South Africa Exports, Imports, Trade balance - 2018 data derived from the ITC (International Trade Centre):
https://www.trademap.org/Country_SelProductCountry_TS.aspx?nvpm=1%7c710%7c%7c%7c%7cTOTAL%7c%7c%7c2%7c1%7c1%7c3%7c2%7c1%7c2%7c1%7c1

Government Debt to GDP in 2020 and beyond:
https://www.nasdaq.com/articles/south-africa-sees-budget-deficit-debt-soaring-as-economy-flags-2019-10-30
https://www.bloomberg.com/news/articles/2019-10-30/bailouts-to-push-south-africa-s-debt-ratio-above-70-of-gdp

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