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South Africa Economy
GDP:
purchasing power parity - $456.7 billion (2003 est.)
GDP - real growth rate:
1.9% (2003 est.)
GDP - per capita:
purchasing power parity - $10,700 (2003 est.)
GDP - composition by sector:
agriculture: 3.8%
industry: 31%
services: 65.2% (2003)
Investment (gross fixed):
16% of GDP (2003)
Population below poverty line:
50% (2000 est.)
Household income or consumption by percentage share:
lowest 10%: 1.1%
highest 10%: 45.9% (1994)
Distribution of family income - Gini index:
59.3 (1993-94)
Inflation rate (consumer prices):
5.9% (2003 est.)
Labor force:
16.35 million economically active (2003)
Labor force - by occupation:
agriculture 30%, industry 25%, services 45% (1999 est.)
Unemployment rate:
31% (includes workers no longer looking for employment) (2003 est.)
Budget:
revenues: $37.48 billion
expenditures: $41.46 billion, including capital expenditures of $NA billion (2003)
Public debt:
38.2% of GDP (2003)
Industries:
mining (world's largest producer of platinum, gold, chromium), automobile assembly, metalworking, machinery, textile, iron and steel, chemicals, fertilizer, foodstuffs
Industrial production growth rate:
5% (2003 est.)
Electricity - production:
195.6 billion kWh (2001)
Electricity - production by source:
fossil fuel: 93.5%
hydro: 1.1%
other: 0% (2001)
nuclear: 5.5%
Electricity - consumption:
181.2 billion kWh (2001)
Electricity - exports:
6.91 billion kWh (2001)
Electricity - imports:
6.2 billion kWh (2001)
Oil - production:
196,200 bbl/day (2001 est.)
Oil - consumption:
460,000 bbl/day (2001 est.)
Oil - exports:
NA (2001)
Oil - imports:
NA (2001)
Oil - proved reserves:
7.84 million bbl (1 January 2002)
Natural gas - production:
1.8 billion cu m (2001 est.)
Natural gas - consumption:
1.8 billion cu m (2001 est.)
Natural gas - exports:
0 cu m (2001 est.)
Natural gas - imports:
0 cu m (2001 est.)
Natural gas - proved reserves:
14.16 million cu m (1 January 2002)
Agriculture - products:
corn, wheat, sugarcane, fruits, vegetables; beef, poultry, mutton, wool, dairy products
Current account balance:
$-1.234 billion (2003)
Exports:
$36.77 billion f.o.b. (2003 est.)
Exports - commodities:
gold, diamonds, platinum, other metals and minerals, machinery and equipment (1998 est.)
Exports - partners:
UK 12.6%, US 12.4%, Japan 9.2%, Germany 8.1%, China 4.7%, Italy 4.4% (2003 est.)
Imports:
$33.89 billion f.o.b. (2003 est.)
Imports - commodities:
machinery and equipment, chemicals, petroleum products, scientific instruments, foodstuffs (2000 est.)
Imports - partners:
Germany 16.8%, UK 8.6%, US 8.3%, Japan 6%, China 6%, Saudi Arabia 5.3%, France 5% (2003 est.)
Reserves of foreign exchange & gold:
$7.972 billion (2003)
Debt - external:
$25.9 billion (2003 est.)
Economic aid - recipient:
$487.5 million (2000)
Currency:
rand (ZAR)
Currency code:
ZAR
Exchange rates:
rand per US dollar - 7.5648 (2003), 10.5407 (2002), 8.6092 (2001), 6.9398 (2000), 6.1095 (1999)
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