This document summarizes the macroeconomic environment of South Africa from 2008-2014. It provides data on key indicators such as GDP growth of 1.9%, a GDP per capita of $6,617.91, and a national income of $648.5 billion. Fiscal policy information is presented on revenue, expenditure, budget deficit, and public sector spending. Economic forecasts predict a declining currency and unemployment rate, with rising GDP and inflation levels tapering off by 2020. Interventions like infrastructure investment, export diversification, and reforms are proposed to expand economic opportunities.

1. Macro Economic Environment
Of
SOUTH AFRICA

2. Contents
Background of the country
Macroeconomic Indicators
Monetary and Fiscal Policy
Economic Forecasts

3. Macroeconomic Indicators
GDP OF SOUTH AFRICA 2008-2014

4. Macroeconomic Indicators
• GDP Growth: 1.9%
• GNP: 24,777 USD
• National Income: 648.5 billion PPP dollars
(2013)
• GDP per capita: 6,617.91 USD

5. Fiscal Policy
FISCAL REVENUE vs EXPENDITURE

6. Fiscal Policy
GOVERNMENT FUNDING AND TAXATION
0
100
200
300
400
500
600
700
800
900
2009 2010 2011 2012 2013
Tax in R bn vs Year

7. Fiscal Policy
BREAKDOWN OF REVENUE AND EXPENDITURE

8. Fiscal Policy
PUBLIC SECTOR SPENDING

9. Fiscal Policy
BUDGET DEFICIT

10. Economic Forecasts
Indicators Current 2015 2020
Currency (Rand) 11.70 11.01 10.71
GDP 350.63 417 480
GNP 2898560 3187571 3446204
Unemployment
rate
25.0 26.5 21.6
Inflation rate 5.80 4.69 3.57

11. Proposed interventions to expand
economic opportunities:
 Investing in and improving infrastructure, as well
as supporting industries such as mining and
agriculture
 Diversifying exports
 Strengthening links to faster-growing economies
 Enacting reforms to lower the cost of doing
business
 Reducing constraints to growth in various sectors
 Moving to more efficient and climate-friendly
production systems
 Encouraging entrepreneurship and innovation