macro economic environment of south africa

Macro Economic EnvironmentOf

SOUTH AFRICA

Contents

Background of the country

Macroeconomic Indicators

Monetary and Fiscal Policy

Economic Forecasts

Macroeconomic Indicators GDP OF SOUTH AFRICA 2008-2014

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

Fiscal PolicyFISCAL REVENUE vs EXPENDITURE

Fiscal PolicyGOVERNMENT FUNDING AND TAXATION

2009 2010 2011 2012 20130

100

200

300

400

500

600

700

800

900

Tax in R bn vs Year

Fiscal PolicyBREAKDOWN OF REVENUE AND EXPENDITURE

Fiscal PolicyPUBLIC SECTOR SPENDING

Fiscal PolicyBUDGET DEFICIT

Economic ForecastsIndicators 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

Proposed interventions to expand economic opportunities:Investing in and improving infrastructure, as well

as supporting industries such as mining and agriculture

Diversifying exportsStrengthening links to faster-growing economiesEnacting reforms to lower the cost of doing

businessReducing constraints to growth in various sectorsMoving to more efficient and climate-friendly

production systemsEncouraging entrepreneurship and innovation