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Economy of South Africa

In: Business and Management

Submitted By priyesh
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Economy of South Africa -

Throughout this article, the unqualified term "dollar" and the $ symbol refer to the US dollar. The economy of South Africa has a two tiered economy; one rivaling other developed countries and the other with only the most basic infrastructure. It is therefore a productive and industrialised economy that exhibits many characteristics associated with developing countries, including a division of labour between formal and informal sectors and an uneven distribution of wealth and income. The primary sector, based on manufacturing, services, mining, and agriculture, is well developed. South Africa's transportation infrastructure is among the best in Africa, supporting both domestic and regional needs. OR Tambo International Airport serves as a hub for flights to other Southern African and International countries. South Africa also has several major ports that make it the central point for most trade in the Southern African region.

Economy of South Africa

Cape Town CBD Rank Currency Fiscal year Trade organizations Statistics GDP $277.4 billion (2009) (nominal; 32nd) $488.6 billion (2009) (PPP; 25th) 32nd Rand (ZAR) Calendar year WTO, G-20, SACU and others

Contents
1 History 2 Sectors 2.1 Telecommunications 2.2 Agriculture 3 Trade and investment 4 Complicating factors 4.1 Human capital flight 4.2 The electrical crisis 5 Economic policy 5.1 GEAR 5.2 Inflation targeting and GDP growth 5.3 Financial policy 6 Environment 7 Social services

GDP growth GDP per capita

4.6% (Q1 2010) $5,684 (2009) (nominal; 76th) $10,136 (2009) (PPP; 79th)

GDP by sector

agriculture (0.9%), industry (20.6%), services (78.5%)

Inflation (CPI) Population below poverty line Labour force

4.6% (May 2010) 50% (2000 est.)

17.32 million economically active (2009 est.)

Labour force by occupation

agriculture: 9%, industry: 26%, services: 65%…...

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