Jay's South Africa Genially

Economy Type

Level of Development

HDI Stats

Economic Activites

South Africa

South Africa is the bottom-most country in Afrcia, hence it's name. This country has the largest economy in the continent with an average life expectancy of 65 years and a GDP of $377.782 Billion.

IS PRETTYW

South Africa

Primary Sector: Coal mining, extracting gold/diamonds, high supply of platinum. Secondary Sector: World's largest exporter of platinum, high coal exports. Mostly exporting to China, the United States, Germany, and the UK.Tertiary Sector: Retail trade and wholesale, plus communications and tourism.Quaternary Sector: Moving towards a larger focus on financial services, e-commerce, and other technology.

Economic Activities

South Africa

South Africa has a mixed economy. While the economy is mostly characterized by private freedom where people can produce and sell whatever they like, there is some centralized regulation mandated by the government.

Type of Economy

South Africa

GDP Per Capita: $14,300 in 2023.Literacy Rate: 95%.Life Expectancy: 71.9 Years as of 2024.Infant Mortality Rate: 21.9 deaths per 1000 live births as of 2024.HDI Rating: 0.717 as of 2022. Rank 110 currently.

HDI Stats

South Africa

South Africa is an NIC (Newly Industrialized Country). Agriculture makes of 2.5% of GDP, Industry makes up 24.6% of GDP, and services makes up 63% of GDP. While the services rating is high, it is still not as high as other more developed countries like the US which have services composition of over 70%. I would say that South Africa still needs to develop a little more to move away from industry and become a Mostly Developed Country (MDC).

Level of Development