South Africa has strong ties across Africa with significant trade links and investments across the continent. It also has a strong base of skilled labour in a number of sectors, who are working in organisations that are benefiting from strong growth across Africa. The country is promoting its role as the gateway to Africa, and supporting the development of key political and economic initiatives to continue development.
South Africa is struggling with high unemployment and inequality as well as GDP growth that is lower than many of its peers in Sub-Saharan Africa. However, its economy is comparatively diversified with strong competitive advantage in agriculture and mining, as well as in manufacturing products for these sectors.
- Population: 54 000 000
- Nominal GDP: USD323.1 billion
- Real GDP growth: 2.0%
- CPI: 4.5%
* 2015 forecast