South Africa Country profile

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January 2019

South Africa has seen a marked decline in growth rates since 2012, it was sub-Saharan Africa’s largest economy until being overtaken by Nigeria in the same year. Nevertheless, South Africa outperforms most regional peers on measures of per capita income, infrastructure, creditworthiness and business climate. But political instability, weakness in the mining sector and income equality are weighing on investment and growth.

This chart is a cobweb diagram showing how a country measures up on four important dimensions of economic performance—per capita income, annual GDP growth, business climate and creditworthiness. Per capita income is in current US dollars between 2018 and 2023 as provided by the IMF. Annual GDP growth is the average between 2018 and 2023. Business climate is measured by the World Bank’s Ease of Doing Business ranking of 190 countries. Creditworthiness attempts to measure a country’s ability to honour its external debt obligations and is measured by its OECD country credit risk rating. The chart shows not only how a country performs on the four dimensions, but how it measures up against other comparable countries.