Explore the economic landscape of the Rainbow Nation
Founded
31 May 1910
Union of South Africa
Democracy
27 Apr 1994
First democratic elections
President
C. Ramaphosa
Since 2018 • Age 72
GDP
$403.05B
Nominal (2024)
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Per Capita
R123.03K
$6.65K
Per person
Population
60.6M
2024 est.
Growth
0.7%
Annual
11 official languages reflecting diverse cultural heritage
Inflation
4.4%
Consumer price (2024)
Unemploy.
31.9%
Q4 2024
Labor
23.1M
Active population
Interest
8.25%
SARB repo rate
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1.2M jobs
8.5M jobs
1.8M jobs
450K jobs
850K jobs
320K jobs
180K jobs
1.4M jobs
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