South AfricaSouth Africa

South Africa, located in the region of Sub-Saharan Africa , is an internationally classified economy with a "Upper middle income" income level. It is home to a demographic force of approximately 64.7 million inhabitants.

From a quantitative perspective, With a Misery Index piercing the 12-point barrier, the domestic economy faces notable frictions, limiting the maneuvering room for its monetary authorities. A sustained disinflationary cycle stands out positively, reducing the CPI by 2.9 points from its recent peaks. Despite its individual figures, it presents a notable competitive lag compared to the average of Sub-Saharan Africa (4.1%).

Delving deeper into its institutional metrics, Monetary policy operates in neutral territory, balancing the official rate with the CPI. On the fiscal front, sovereign leverage has accelerated (+8.7 points recently), reducing fiscal space.

With a per capita income of $6,598, the country attempts to navigate the 'middle-income trap' by sophisticating its productive matrix. The socioeconomic fabric presents notable asymmetries (Gini Index of 54.1 and unemployment at 32.4%), elevating the risk of institutional instability. Foreign investment flows (FDI) remain depressed at around -0.5%, limiting technological transfer. Its central bank backs liquidity with strong international reserves (over $76B), offering a shield against external shocks.

CAPITAL: Pretoria
REGION: Sub-Saharan Africa

Monetary Policy Rate

5.00%

Actual (Live)

10-Year Bond Yield

8.70%

10Y Govt Bond

Spread

+3.70%

Risk / Cost

GDP Evolution (10 years)

$0.43T

+1.11%

Data from 2025

Historical Inflation (CPI)

3.2%

Price Volatility

Data from 2025

GDP per Capita

$6,598

YEAR 2025

Unemployment

32.4%

YEAR 2025

Debt to GDP

82.8%

YEAR 2024

Active Population

64.7M

YEAR 2025

Structural Metrics (Hedge Fund)

Population > 65 Years

6.9%

YEAR 2025

Gini Index

54.1

YEAR 2022

Exports (% GDP)

31.4%

YEAR 2025

Imports (% GDP)

29.5%

YEAR 2025

FDI (% GDP)

-0.5%

YEAR 2025

View Raw History (Structured Data)
YearGDP (USD)Growth (%)Inflation (%)Unemployment (%)Debt/GDP (%)Exports (%GDP)Imports (%GDP)FDI (%GDP)
2025$427.18B1.113.2132.39---31.4129.50-0.51
2024$401.14B0.534.3632.2882.7631.7929.850.58
2023$381.44B0.816.0832.1079.4133.2532.431.01
2022$407.60B2.067.0433.2776.2333.5431.412.27
2021$419.99B4.864.6234.0174.0831.1924.979.68
2020$337.97B-6.173.2329.2275.7327.5823.180.93
2019$389.33B0.264.1028.4764.5927.2026.701.31
2018$405.26B1.564.5126.9159.1027.5026.991.37
2017$381.45B1.165.1927.0456.2627.3426.200.54
2016$323.59B0.666.6026.5453.7428.1627.710.68

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