South Africa Economy 5-31-24

Nominal GDP $380.906B, Per capita GDP $6,190.74, Population 60,414,595, Debt to GDP 73.9%, Inflation 21.9%, Unemployment 28.4%, Labor force 60%, Urban 68%, Rural 32%, Average salary 19,200/yr,  Exports $121.321M, Imports $93.440M, Trade surplus $27.881M, Land area 470,900 sq miles, Arable land 12%, 82% have access to clean water.

Exports:  South Africa is the second largest producer of gold in Africa and is the world's largest producer of chrome, manganese, platinum, vanadium and vermiculite, the second largest producer of ilmenite, palladium, rutile and zirconium. It is also the world's third largest coal exporter.

South Africa's Top 10 Total Imports

Mineral fuels including oil: $22.5 billion (21%)

Machinery including computers: $12.9 billion (12%)

Electrical machinery, equipment: $12.3 billion (11.5%)

Vehicles: $8.4 billion (7.8%)

Plastics, plastic articles: $2.6 billion (2.5%)

Pharmaceuticals: $2.4 billion (2.3%)

The total value of exports (FOB) is US$ 121,321 million. The total value of imports (CIF) is US$ 93,440 million. At the HS6 digit level, 4,449 products are exported to 216 countries and 4,462 products are imported from 233 countries.

South Africa is a parliamentary representative democratic republic, wherein the President of South Africa, elected by parliament, is the head of government and of a multi-party system. It consists of three branches. The executive branch consists of the President of South Africa and the Cabinet of South Africa. The National Assembly is the legislature. The Judiciary has 6 Judges.

Since the end of apartheid in 1994, the African National Congress (ANC) has dominated South Africa's politics. The ANC is the ruling party in the national legislature, as well as in eight of the nine provinces. The Western Cape is governed by the Democratic Alliance.

Norb Leahy, Dunwoody GA Tea Party Leader