South Africa Snapshot - PESTLE, SWOT, Risk and Macroeconomic Trends Analysis
South Africa Snapshot - PESTLE, SWOT, Risk and Macroeconomic Analysis report is designed to provide in-depth information about South Africa including it’s PESTLE (political, economic, social, technological, legal and environmental), SWOT (Strengths, Weaknesses, Opportunities and Threats) and country risk analysis backed by macroeconomic data.
South Africa, officially the Republic of South Africa, is a country located at the southern tip of Africa, with over 1,739 miles of coastline that stretches along the South Atlantic and Indian oceans. It shares its borders with the neighboring countries of Namibia, Botswana and Zimbabwe, and to the east are Mozambique and Swaziland, and within it lies Lesotho, an enclave surrounded by South African territory.
South Africa is estimated to have population of 61.991 million in the year 2023 and expected to reach 65.861 million by 2027, increasing at a CAGR of 1.53%.
South Africa’s real gross domestic product (GDP) was ZAR 4293.356 billion in 2020 and while recovering from the COVID-19 impact it increased by 0.787% to be around ZAR 4504.292 billion in 2021. It is further expected to increase by 1.44% and reach ZAR 4907.995 billion by 2027.
South Africa’s unemployment rate was 29.175% of total labor force in 2020. Due to slowdown in global economic activity due to COVID-19 pandemic, the unemployment in South Africa increased by 14.94% and reached 34.3% in 2021. Unemployment is further estimated to increase by a CAGR of 2.01% and reach 38.644% of total labor force in South Africa by 2027.
South Africa’s per capita GDP was USD 6738.926 whereas purchasing power parity (PPP) based per capita GDP was USD 15555.895 for the year 2022.
In 2022, South Africa government’s revenue was ZAR 1846.402 billion whereas the expenditure was ZAR 2170.853 billion. This is expected to result in South Africa government’s net lending / borrowing negative at ZAR 324.451 billion in 2022 indicating that not enough financial resources were made available by the South Africa government to boost economic growth.
The current account balance for South Africa was positive USD 4.946 billion for the year 2022 and is expected to further decrease at a CAGR of 215.04% and reach negative USD 9.965 billion by 2027. This negative current account balance indicates that South Africa will become a net borrower from the rest of the world till 2027.
Scope of South Africa Snapshot – PESTLE, SWOT, Risk Macroeconomic Analysis Report
South Africa, officially the Republic of South Africa, is a country located at the southern tip of Africa, with over 1,739 miles of coastline that stretches along the South Atlantic and Indian oceans. It shares its borders with the neighboring countries of Namibia, Botswana and Zimbabwe, and to the east are Mozambique and Swaziland, and within it lies Lesotho, an enclave surrounded by South African territory.
South Africa is estimated to have population of 61.991 million in the year 2023 and expected to reach 65.861 million by 2027, increasing at a CAGR of 1.53%.
South Africa’s real gross domestic product (GDP) was ZAR 4293.356 billion in 2020 and while recovering from the COVID-19 impact it increased by 0.787% to be around ZAR 4504.292 billion in 2021. It is further expected to increase by 1.44% and reach ZAR 4907.995 billion by 2027.
South Africa’s unemployment rate was 29.175% of total labor force in 2020. Due to slowdown in global economic activity due to COVID-19 pandemic, the unemployment in South Africa increased by 14.94% and reached 34.3% in 2021. Unemployment is further estimated to increase by a CAGR of 2.01% and reach 38.644% of total labor force in South Africa by 2027.
South Africa’s per capita GDP was USD 6738.926 whereas purchasing power parity (PPP) based per capita GDP was USD 15555.895 for the year 2022.
In 2022, South Africa government’s revenue was ZAR 1846.402 billion whereas the expenditure was ZAR 2170.853 billion. This is expected to result in South Africa government’s net lending / borrowing negative at ZAR 324.451 billion in 2022 indicating that not enough financial resources were made available by the South Africa government to boost economic growth.
The current account balance for South Africa was positive USD 4.946 billion for the year 2022 and is expected to further decrease at a CAGR of 215.04% and reach negative USD 9.965 billion by 2027. This negative current account balance indicates that South Africa will become a net borrower from the rest of the world till 2027.
Scope of South Africa Snapshot – PESTLE, SWOT, Risk Macroeconomic Analysis Report
- This report provides information about key macroeconomic indicators for South Africa.
- This report provides PESTLE (political, economic, social, technological, legal and environmental) analysis for South Africa.
- This report provides SWOT (Strengths, Weaknesses, Opportunities and Threats) analysis for South Africa.
- This report provides risk analysis for South Africa.
- This report provides information on Coronavirus (COVID-19) pandemic related policy response of South Africa.
1. EXECUTIVE SUMMARY
Scope of South Africa Snapshot – PESTLE, SWOT, Risk Macroeconomic Analysis Report
Research Methodology
2. PESTLE ANALYSIS OF SOUTH AFRICA
2.1 Political Factors
2.2 Economic Factor
2.2.1 National Accounts Indicators
2.2.1.1 Real Gross Domestic Product
2.2.1.2 Nominal Gross Domestic Product
2.2.1.3 Gross Domestic Product Deflator
2.2.1.4 Per Capita Gross Domestic Product
2.2.1.5 Purchasing-Power-Parity (PPP) Based Per Capita GDP
2.2.1.6 Total Investment / Gross Capital Formation
2.2.1.7 Gross National Savings
2.2.2 Monetary Indicators
2.2.2.1 Consumer Price Index (CPI) Inflation
2.2.3 Trade Indicators
2.2.3.1 Change in Import Volume of Goods & Services
2.2.3.2 Change in Export Volume of Goods & Services
2.2.4 Government Finance Indicators
2.2.4.1 Government Revenue
2.2.4.2 Government Expenditure
2.2.4.3 Government Net Lending / Borrowing
2.2.4.4 Government Gross Debt
2.2.4.5 Government Net Debt
2.2.5 Balance of Payment Indicators
2.2.5.1 Current Account Balance
2.3 Social Factors
2.3.1 Population
2.3.2 Unemployment
2.4 Technological Factors
2.5 Legal Factors
2.6 Environmental Factors
3. SWOT ANALYSIS OF SOUTH AFRICA
3.1 Strengths
3.2 Weaknesses
3.3 Opportunities
3.4 Threats
4. RISK ANALYSIS OF SOUTH AFRICA
5. COVID-19 RELATED POLICY RESPONSE OF SOUTH AFRICA
5.1 Coronavirus (COVID-19) Containment Measures of South Africa
5.2 Coronavirus (COVID-19) Related Fiscal Policy Measures by South Africa
5.3 Coronavirus (COVID-19) Related Monetary Policy Measures by South Africa
5.4 Coronavirus (COVID-19) Related Employment Policy Measures by South Africa
5.5 Coronavirus (COVID-19) Related Social Policy Measures by South Africa
5.6 Coronavirus (COVID-19) Related Policy Measures for MSMEs by South Africa
List of Exhibits
Notes
Company Information
Scope of South Africa Snapshot – PESTLE, SWOT, Risk Macroeconomic Analysis Report
Research Methodology
2. PESTLE ANALYSIS OF SOUTH AFRICA
2.1 Political Factors
2.2 Economic Factor
2.2.1 National Accounts Indicators
2.2.1.1 Real Gross Domestic Product
2.2.1.2 Nominal Gross Domestic Product
2.2.1.3 Gross Domestic Product Deflator
2.2.1.4 Per Capita Gross Domestic Product
2.2.1.5 Purchasing-Power-Parity (PPP) Based Per Capita GDP
2.2.1.6 Total Investment / Gross Capital Formation
2.2.1.7 Gross National Savings
2.2.2 Monetary Indicators
2.2.2.1 Consumer Price Index (CPI) Inflation
2.2.3 Trade Indicators
2.2.3.1 Change in Import Volume of Goods & Services
2.2.3.2 Change in Export Volume of Goods & Services
2.2.4 Government Finance Indicators
2.2.4.1 Government Revenue
2.2.4.2 Government Expenditure
2.2.4.3 Government Net Lending / Borrowing
2.2.4.4 Government Gross Debt
2.2.4.5 Government Net Debt
2.2.5 Balance of Payment Indicators
2.2.5.1 Current Account Balance
2.3 Social Factors
2.3.1 Population
2.3.2 Unemployment
2.4 Technological Factors
2.5 Legal Factors
2.6 Environmental Factors
3. SWOT ANALYSIS OF SOUTH AFRICA
3.1 Strengths
3.2 Weaknesses
3.3 Opportunities
3.4 Threats
4. RISK ANALYSIS OF SOUTH AFRICA
5. COVID-19 RELATED POLICY RESPONSE OF SOUTH AFRICA
5.1 Coronavirus (COVID-19) Containment Measures of South Africa
5.2 Coronavirus (COVID-19) Related Fiscal Policy Measures by South Africa
5.3 Coronavirus (COVID-19) Related Monetary Policy Measures by South Africa
5.4 Coronavirus (COVID-19) Related Employment Policy Measures by South Africa
5.5 Coronavirus (COVID-19) Related Social Policy Measures by South Africa
5.6 Coronavirus (COVID-19) Related Policy Measures for MSMEs by South Africa
List of Exhibits
Notes
Company Information
LIST OF EXHIBITS
Exhibit 2.1 South Africa General Election 2019 Highlights
Exhibit 2.2 Real GDP of South Africa (in ZAR billion) 2020-2027
Exhibit 2.3 Nominal GDP of South Africa (in ZAR billion) 2020-2027
Exhibit 2.4 Nominal GDP of South Africa (in USD billion) 2020-2027
Exhibit 2.5 GDP Deflator Index for South Africa 2020-2027
Exhibit 2.6 Per Capita GDP of South Africa (in USD) 2020-2027
Exhibit 2.7 PPP Per Capita GDP of South Africa (in USD) 2020-2027
Exhibit 2.8 Total Investment of South Africa (in %) 2020-2027
Exhibit 2.9 Gross National Savings of South Africa (in %) 2020-2027
Exhibit 2.10 Consumer Price Index (CPI) Inflation of South Africa 2020-2027
Exhibit 2.11 Change in Import Volume of Goods & Services of South Africa (in %) 2020-2027
Exhibit 2.12 Change in Export Volume of Goods & Services of South Africa (in %) 2020-2027
Exhibit 2.13 Government Revenue of South Africa (in ZAR billion) 2020-2027
Exhibit 2.14 Government Revenue of South Africa (in % of GDP) 2020-2027
Exhibit 2.15 Government Expenditure of South Africa (in ZAR billion) 2020-2027
Exhibit 2.16 Government Expenditure of South Africa (in % of GDP) 2020-2027
Exhibit 2.17 Government Net Lending / Borrowing of South Africa (in ZAR billion) 2020-2027
Exhibit 2.18 Government Net Lending / Borrowing of South Africa (in % of GDP) 2020-2027
Exhibit 2.19 Government Gross Debt of South Africa (in ZAR billion) 2020-2027
Exhibit 2.20 Government Gross Debt of South Africa (in % of GDP) 2020-2027
Exhibit 2.21 Government Net Debt of South Africa (in ZAR billion) 2020-2027
Exhibit 2.22 Government Net Debt of South Africa (in % of GDP) 2020-2027
Exhibit 2.23 Current Account Balance of South Africa (in USD billion) 2020-2027
Exhibit 2.24 Current Account Balance of South Africa (in % of GDP) 2020-2027
Exhibit 2.25 South Africa – Top 10 Export Countries (in USD billion) & % Share in 2022
Exhibit 2.26 South Africa – Top 10 Import Countries (in USD billion) & % Share in 2022
Exhibit 2.27 Population of South Africa (in million) 2020-2027
Exhibit 2.28 Unemployment Level in South Africa (in %) 2020-2027
Exhibit 2.29 South Africa’s Unemployment Rate by Education
Exhibit 2.30 Total Mobile Subscribers in South Africa in Million 2015-2021
Exhibit 2.31 Total Mobile Data Subscribers in South Africa in Million 2015-2021
Exhibit 2.32 Total Internet Subscribers in South Africa 2015-2021
Exhibit 3.1 SWOT Analysis of South Africa
Exhibit 5.1 Covid-19 Policy Response for Supporting MSMEs by South Africa
Exhibit 2.1 South Africa General Election 2019 Highlights
Exhibit 2.2 Real GDP of South Africa (in ZAR billion) 2020-2027
Exhibit 2.3 Nominal GDP of South Africa (in ZAR billion) 2020-2027
Exhibit 2.4 Nominal GDP of South Africa (in USD billion) 2020-2027
Exhibit 2.5 GDP Deflator Index for South Africa 2020-2027
Exhibit 2.6 Per Capita GDP of South Africa (in USD) 2020-2027
Exhibit 2.7 PPP Per Capita GDP of South Africa (in USD) 2020-2027
Exhibit 2.8 Total Investment of South Africa (in %) 2020-2027
Exhibit 2.9 Gross National Savings of South Africa (in %) 2020-2027
Exhibit 2.10 Consumer Price Index (CPI) Inflation of South Africa 2020-2027
Exhibit 2.11 Change in Import Volume of Goods & Services of South Africa (in %) 2020-2027
Exhibit 2.12 Change in Export Volume of Goods & Services of South Africa (in %) 2020-2027
Exhibit 2.13 Government Revenue of South Africa (in ZAR billion) 2020-2027
Exhibit 2.14 Government Revenue of South Africa (in % of GDP) 2020-2027
Exhibit 2.15 Government Expenditure of South Africa (in ZAR billion) 2020-2027
Exhibit 2.16 Government Expenditure of South Africa (in % of GDP) 2020-2027
Exhibit 2.17 Government Net Lending / Borrowing of South Africa (in ZAR billion) 2020-2027
Exhibit 2.18 Government Net Lending / Borrowing of South Africa (in % of GDP) 2020-2027
Exhibit 2.19 Government Gross Debt of South Africa (in ZAR billion) 2020-2027
Exhibit 2.20 Government Gross Debt of South Africa (in % of GDP) 2020-2027
Exhibit 2.21 Government Net Debt of South Africa (in ZAR billion) 2020-2027
Exhibit 2.22 Government Net Debt of South Africa (in % of GDP) 2020-2027
Exhibit 2.23 Current Account Balance of South Africa (in USD billion) 2020-2027
Exhibit 2.24 Current Account Balance of South Africa (in % of GDP) 2020-2027
Exhibit 2.25 South Africa – Top 10 Export Countries (in USD billion) & % Share in 2022
Exhibit 2.26 South Africa – Top 10 Import Countries (in USD billion) & % Share in 2022
Exhibit 2.27 Population of South Africa (in million) 2020-2027
Exhibit 2.28 Unemployment Level in South Africa (in %) 2020-2027
Exhibit 2.29 South Africa’s Unemployment Rate by Education
Exhibit 2.30 Total Mobile Subscribers in South Africa in Million 2015-2021
Exhibit 2.31 Total Mobile Data Subscribers in South Africa in Million 2015-2021
Exhibit 2.32 Total Internet Subscribers in South Africa 2015-2021
Exhibit 3.1 SWOT Analysis of South Africa
Exhibit 5.1 Covid-19 Policy Response for Supporting MSMEs by South Africa
