macro economic environment of south africa
TRANSCRIPT
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