COUNTRIES BY GDP PER CAPITA (in USD $; 2020) Luxembourg: 116,730; Switzerland: 86,670; Ireland: 80,260; Norway: 78,330; ⦠IMPACT OF COVID-19: As of December 1, 2020, 21,644 deaths had been attributed to the pandemic in South Africa, and the economy was forecast to contract by 8.0 percent for the year. 1. The economy had picked up strongly before the COVID-19 pandemic, with gross domestic product (GDP) growth reaching 9.5 percent in FY2019/20. Yemen. The GDP per Capita, in South Africa, when adjusted by Purchasing Power Parity is equivalent to 65 percent of the world's average. Population figures based on United Nations data. Growth is stable and forecast to pick up. South Africa GDP per Capita Growth is at -7.62%, compared to -1.20% last year. West Bank and Gaza. GDP per Capita in South Africa (with a population of 57,009,756 people) was $7,487 in 2017, a decrease of $8 from $7,495 in 2016; this represents a change of-0.1% in GDP per capita. GDP per capita: 19.16 thousand Here you will find an updated list and a map with all the countries by GDP per capita according to the most recent data from the International Monetary Fund (2020).. - World Economics SOUTH AFRICA. To address this, in 2017 the Central Bank of Ireland created "modified GNI" (or GNI*) as ⦠The German economy is the fourth-largest in the world with a GDP of $4.0 trillion. Population of Country X: 200000. 2. Meanwhile, a report issued by the United Nations implies that Somalia is the poorest country both in Africa and the entire world. Hanno Labuschagne said: How South Africa's GDP per capita has dropped since 1990. $76,462 million, South Africa is number 28 in the ranking of quarterly GDP of the 53 countries that we publish. Only 4.9% of the GDP is contributed by the agricultural and allied sectors. The GDP per capita of United States in 2021 was â¬58,955 $69,726, â¬3,484 $6,368 higher than in 2020, it was â¬55,471 $63,358. ABSA has a monthly house price index and quarterly property projections. Developing economies Africa: Growth rates are insufficient for meaningful development progress 5,067 (US dollars) in 2020 In 2020, GDP per capita for South Africa was 5,067 US dollars. - GDP per capita: $13,034 (1.3% 2009-2019 annual growth) - GDP: $763.3 billion (#32 among all countries) Unemployment, poverty, and inequality have been continual challenges for South Africa's economy, although the state does have abundant natural resources. In ⦠Essentially, GDP per capita acts as a metric for determining a country's economic output per each person living there. Top 10 Highest GDP In Africa 2020. The âblame apartheid legacyâ game ⦠Messages. Gross domestic product (GDP), 2019 archive. Zambia. China's GDP per capita reached 70,892 yuan (10,276 U.S. dollars) in 2019, exceeding the 10,000 U.S. dollars benchmark as the country continued to move towards becoming a "moderately prosperous society" in 2020. Projections by IMF. Equatorial Guinea. The recovery stumbled in the third quarter, with GDP dropping 1.6% in seasonally-adjusted quarter-on-quarter terms, contrasting the previous quarterâs 1.1% increase. 2017. Actual. ð . Definition: This entry shows GDP on a purchasing power parity basis divided by population as of 1 July for the same year. In that dataset, the UK would have been 7th in 1950. Uruguay is the richest South American nation in terms of GDP per capita. The economy of South Africa has grown at an average annual growth rate of -1.2% in the last four years and is ranked the 3rd largest economy in Africa, ahead of Algeria. ... South Africa. Data. Namibia is a small country of about 2.5 million people, with a long coastline on the South Atlantic, bordering South Africa, Botswana, Zambia and Angola. View wto-south africa.pdf from INT 113 at Southern New Hampshire University. - World Economics The GDP per capita PPP was about 12.5k in 2019, and about 11.5k in 2020, though this is probably also related to COVID lockdown. This question will resolve as South Africa's GDP per capita PPP (in constant 2017 USD) for the year 2030, according to the World Bank. The darker the shade, the higher the value. Lower-middle income. This is lower than the long term average of 0.84%. Previous. Here you will find an updated list and a map with all the countries by GDP per capita according to the most recent data from the International Monetary Fund (2020).. South Africa - GDP per capita (U.S. $) Nominal PPP; 2020: 5,067: 12,032: 2021: 5,444: 12,442: 2022: 5,600: 12,779: 2023: 5,688: 13,052: 2024: 5,778: 13,296: 2025: 5,871: 13,527: 2026: 6,233: 13,750 GDP per capita 2021: $8,785. The countryâs GDP in 2020 stood at $17.18 billion, representing a 7.89% decline compared to $18.65 billion recorded in the previous year. Source: World Bank. Notes: see table 2. However, it has been replaced from the third to fifth place among other world regions. World Bank national accounts data, and OECD National Accounts data files. Online tool for visualization and analysis. The GDP per Capita in South Africa is equivalent to 41 percent of the world's average. South Africa has a quarterly GDP per capita, of. This article is a list of the countries of the world by gross domestic product (at purchasing power parity) per capita, i.e., the purchasing power parity (PPP) value of all final goods and services produced within a country in a given year, divided by the average (or mid-year) population for the same year.. As of 2019, the estimated average GDP per capita (PPP) of all of the countries of ⦠$12,500 note: data are in 2017 dollars (2019 est.) 1. South Africa GDP (Gross Domestic Product) was INT$680.04billion for 2020 in PPP terms. Last Release. South Africa GDP per capita PPP. Agriculture and Fisheries. 1. For a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor is used. Average GDP in South- Eastern Europe is expected to grow by 3.4 per cent both in 2020 and in 2021. For example, GDP per capita does not take into account income distribution in a country. ... 1960 - 2020 GDP growth (annual %) ... GDP per capita growth (annual %) Download. 169. Line ⦠$11,500 note: data are in 2017 dollars (2020 est.) Zambia. 12481.81 USD. The country has the third highest GDP of Africa, after Nigeria and ⦠The average value for South Africa during that period was 4817.89 U.S. dollars with a minimum of 3509.08 U.S. dollars in 1960 and a maximum of 5754.49 U.S. dollars in 2014. World Economics Rates South Africa's Offical GDP Per Capita Data as Grade B. National accounts > US$ at constant 2000 prices > Aggregate indicators > GDP per capita > Constant 2000 US$: GDP per capita is gross domestic product divided by midyear population. The total real GDP growth, of 3.4% 2019, is forecast to increase to 3.9% in 2020 and to 4.1% in 2021. Over the last 10 years, GDP per capita in South Africa was decreasing on average by 3.17% each year, although before that, it grew from 2,497 US dollars in 2002 to 7,997 US dollars in 2011. July 2019/$ (new) July 2018/$ (old) Low income. The South African GDP grew 1.2% on quarter in the three months to June of 2021, following a 1% expansion in the previous period and compared with market expectations of a 0.7% growth. ... 2020: 362,009: 2020 South Africa: Southern Africa: Africa: 415,315: 2021: 302,141: South Africa. On the whole, PPP per capita figures are less spread than nominal GDP per capita figures. Economy 2020. OECD Factbook 2014. Vietnam GDP (Gross Domestic Product) was INT$798.21billion for 2020 in PPP terms. South Africa is a middle-income emerging market with an abundant supply of natural resources; well-developed financial, legal, communications, energy, and transport sectors; and a stock exchange that is Africaâs largest and among the top 20 in the world. Since 2014, Nigeria has been topping the list of highest GDP in African countries in terms of Gross Domestic Product (GDP). GDP Growth and GDP per capita Growth of South Africa. This entry shows real GDP, divided by population as of 1 July for the same year. Forecast. OECD Factbook 2015/2016. $700. Botswana, a country in the centre of Southern Africa with a population of 2.35 million people, recorded the fifth highest GDP per Capita in Africa at $6,710.99. Liberia: $646 Members of U.N. peacekeeping troops patrol around the headquarters of Liberia's main opposition party ⦠GDP per capita 2021: $9,648. $4,000. GDP - per capita (PPP) compares GDP on a purchasing power parity basis divided by population as of 1 July for the same year. GDP Per Capita (in US$): $4,412. I hope you find the information useful. Somalia has been deemed Africaâs poorest country. South Africa gdp per capita for 2020 was $5,091, a 15.17% decline from 2019. On Tuesday (9 March), the statistics body published its GDP numbers for the fourth quarter of 2020, showing that South Africaâs economy is projected to have declined by 7% for the full-year 2020. World's GDP is $80,934,771,028,340 (nominal, 2017).. See also: GDP per Capita Which country has the highest economy in 2020?United States. GDP â Nominal: $20.81 trillion. â¦China. GDP â Nominal: $14.86 trillion. â¦Japan. GDP â Nominal: $4.91 trillion. â¦Germany. GDP â Nominal: $3.78 trillion. â¦United Kingdom. GDP â Nominal: $2.64 trillion. â¦India. â¦France. â¦Italy. and real GDP per capita Sources: Stats SA and World Bank staff. Manganese and timber processing are some of the other main contributors. Real GDP per Capita in South Africa is estimated to be $7,346 US dollars at the end of 2019. The Gross Domestic Product per capita in South Africa was last recorded at 5121.04 US dollars in 2020. South Africa's GDP per capita equaled to 5.4 thousand dollars, the sixth highest in Africa. 3. Germanyâs highly developed social market economy is Europeâs largest and strongest economy and has one of the most skilled workforces. Burundi. South Africa - $13,010; Egypt - $12,261; Algeria - $11,997; Tunisia - $11,096; Switching the measurement to GDP per capita has a significant impact on the list of Africa's richest countries. January 27, 2022. Once you do the math, the wealth is spread among fewer people, which raises a country's GDP. The GDP figure in the third quarter of 2021 was. South Africa GDP per Capita Growth is at -7.62%, compared to -1.20% last year. 125,600 Facebook subscribers in Jun/2021, 2.6% penetration rate. Per Capita GDP . ð . South Africa: GDP/cap growth, 5 years (%). South Africa GDP Per Capita data is updated yearly, available from Dec 1957 to Dec 2020, with an average number of 3,136.912 USD. South Africa gdp per capita for 2019 was $6,001 , a 5.83% decline from 2018. Per Capita â $2,233.45. The table below lists countries in the world ranked by GDP at Purchasing Power Parity (PPP) per capita, along with the Nominal GDP per capita. 8. Figure 20: Household enterprises are the fastest growing livelihood sector in low income countries, ordered by GDP per capita. Zimbabwe. 2017. GDP (current US$) South Africa. Sep 17, 2020. South Africa: SARB delivers second consecutive rate hike in January. GDP per capita (current US$) GDP per capita is gross domestic product divided by midyear population. World Economics makes available of worldâs most comprehensive GDP database covering over 130 countries with historical GDP PPP data from 1870-2020, building on the lifetimes work of Angus Maddison. Latest official GDP figures published by the World Bank. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. Many of the leading GDP-per-capita (nominal) jurisdictions are tax havens whose economic data is artificially inflated by tax-driven corporate accounting entries.. For instance, the Irish GDP data above is subject to material distortion by the tax planning activities of foreign multinationals in Ireland. ... For example, you can see that South Africa is ... ($1.90 per day). This is lower than the long term average of 0.84%. South Africa gdp for 2019 was $351.43B, a 4.58% decline from 2018. The percentage change in GDP per capita for the latest 5 years for which data is published. 156. Menu. This is a change of -14.63% from one year ago. Gross Domestic Product (GDP) vs. South Africa GDP per Capita is at a current level of 5655.87, down from 6624.76 one year ago. 1. To view the evolution of the GDP per capita, it is interesting to look back a few years and compare these data with those of 2011 when the GDP per capita in United States was â¬35,958 $50,008 . This is one of the main reasons Brazil is one of the top countries by GDP in 2020. $2,300. Description: The map displayed here shows how GDP - per capita (PPP) varies by country. ... global per capita GDP fell by an average of 4.4% in 2020, the largest drop on record. GDP contracted by 7 percent in 2020 and is $2,000 note: data are in 2017 dollars (2020 est.) Often times, rich nations with smaller populations tend to have higher per capita GDP. DataBank Microdata Data Catalog. ... 2020: 362,009: 2020 South Africa: Southern Africa: Africa: 415,315: 2021: 302,141: World Economics makes available of worldâs most comprehensive GDP database covering over 130 countries with historical GDP PPP data from 1870-2020, building on the lifetimes work of Angus Maddison. Among the African countries, Libya had the highest gross domestic product per capita of $27,978 in 1980 being replaced by Equatorial Guinea in 2015 with the GDP per capita of $43,260. The thresholds for income classification have increased from last year due to SDR inflation. Dec 2020. Real GDP per capita. DataBank. Pre-existing structural con-straints also weigh on the recovery. Nigeria. Mauritius. South Africa has started to recover but momentum remains fragile as uncertainty effectiveness to the local COVID-19 vari-ant persist. GDP â $444.916 Billion. The population of the country is 3.42 million. Graph and download economic data for Real GDP Per Capita for South Africa (ZAFNGDPRPCPCPPPT) from 2004 to 2022 about South Africa, REO, per ⦠181. Local Time and Weather in Bangui, Central African Republic INTRODUCTION. Abstract: We examine the dynamic short and long-run relationship between urbanisation, industrialisation, energy intensity, per capita GDP, and CO 2 emissions in South Africa from 1970 to 2016. GDP per Capita: $6,450; GDP â Purchasing Power Parity (PPP): $3.08 trillion; Brazilâs economy is the 12th largest in the world with an estimated worth of natural resources being $21.8 trillion. INTRODUCTION. South Africa gdp for 2020 was $301.92B, a 14.09% decline from 2019.
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