southafrica/in/perspective

sa #gdp growth

GDP growth in real terms
South African GDP growth since 1980
2,500
2,000
Rand (constant prices)
1,500
1,000
500
0
1980 1982 1984 1986 1988 1990 1992 1994 1996 1998 2000 2002 2004 2006 2008
Source: International Monetary Fund

South Africa’s GDP
• SA’s productivity has grown substantially
since 1980 [in real terms]

GDP <> population growth
SA growth - population effect
Population (millions) GDP per person (Rand)
60 50,000
45,000
50
40,000
35,000
GDP per person (Rand)
40
Population (millions)
30,000
30 25,000
20,000
20
15,000
10,000
10
5,000
0 0
1980 1982 1984 1986 1988 1990 1992 1994 1996 1998 2000 2002 2004 2006 2008
Source: International Monetary Fund

South Africa’s GDP
• SA’s productivity has grown substantially
since 1980 [in real terms]
• SA’s per capita GDP has also grown at a
rapid rate [pop. growth is not the cause]

GDP growth in US$
SA growth - in US$ terms (PPP)
Population (millions) GDP per person (US Dollars)
60 16,000
14,000
50
12,000
GDP per person (US Dollars)
40
Population (millions)
10,000
30 8,000
6,000
20
4,000
10
2,000
0 0
1980 1982 1984 1986 1988 1990 1992 1994 1996 1998 2000 2002 2004 2006 2008
Source: International Monetary Fund

South Africa’s GDP
• SA’s productivity has grown substantially
since 1980 [in real terms]
• SA’s per capita GDP has also grown at a
rapid rate [pop. growth is not the cause]
• The growth in US$ terms, which has been
less impressive, accelerated greatly from
2003

#gdp: in context

The African giants
SA vs major African countries
12,000
South Africa
10,000
Algeria
8,000
GDP per head US$ ppp
6,000
Egypt
4,000
2,000
Nigeria
0
-2,000
0 100 200 300 400 500 600
GDP US$bn purchasing power parity
Source: www.economist.com

SA against the world
• SA leads Africa in real GDP terms and in
GDP per capita [per person]

Other emerging markets
SA vs other emerging markets
12,000
South Africa
10,000 Brazil
8,000
GDP per head US$ ppp
China
6,000
4,000
India
2,000
0
0 2,000 4,000 6,000 8,000 10,000 12,000
GDP US$bn purchasing power parity
Source: www.economist.com

SA against the world
• SA leads Africa in real GDP terms and in
GDP per capita [per person]
• Other emerging markets are far more
productive, but SA still excels on a GDP per
capita [per person] basis

The big picture - globally
SA vs significant global economies
60,000
50,000
USA
40,000
GDP per head US$ ppp
Great Britain
Japan
Australia
30,000
Germany
20,000
South Africa
10,000
0
0 2,000 4,000 6,000 8,000 10,000 12,000 14,000 16,000
GDP US$bn purchasing power parity
Source: www.economist.com

SA against the world
• SA leads Africa in real GDP terms and in
GDP per capita
• Other emerging markets are far more
productive, but SA still excels on a GDP per
capita [per person] basis
• SA is still a long way from the productivity of
leading first world nations

what can we do?

Let’s turn the world upside down
Source: http://www.mindshiftmag.co.za/default.asp

the/end
¿or_just_the_beginning?