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Although the natural resource extraction industry remains one of the largest in the country with an annual contribution to the GDP of US$13.5 billion, [35] the economy of South Africa has diversified since the end of apartheid, particularly towards services. In 2019, the financial industry contributed US$41.4 billion to South Africa's GDP. [36]
Countries in Africa are sorted according to data from the International Monetary Fund. [1] The figures presented here do not take into account differences in the cost of living in different countries, and the results can vary greatly from one year to another based on fluctuations in the exchange rates of the country's currency . [ 2 ]
The economy of the Philippines is an emerging market, and considered as a newly industrialized country in the Asia-Pacific region. [31] In 2025, the Philippine economy is estimated to be at ₱29.66 trillion ($507.6 billion), making it the world's 31st largest by nominal GDP and 11th largest in Asia according to the International Monetary Fund.
[7] [8] Since China's transition to a socialist market economy through controlled privatisation and deregulation, [9] [10] the country has seen its ranking increase from ninth in 1978, to second in 2010; China's economic growth accelerated during this period and its share of global nominal GDP surged from 2% in 1980 to 18% in 2021.
December 23 – Philippines–South Korea relations: President Marcos issues Executive Order No. 80, implementing the free trade agreement between the Philippines and South Korea, which takes effect on December 31. [398]
Current events; Random article; ... 2024: Economic Development: 241.6 200.1 209.2 211.5 ... Economy Of South Africa; Government of South Africa;
South Africa is the largest trading partner of the Philippines in Africa and the Philippines ranked South Africa as its 36th largest trading partner in 2008. The visit to Manila by Nelson Mandela , the first black South African President and anti- apartheid icon in March 1997, led to the ratification of the Philippines-South Africa Trade ...
In South Africa, this idea is known as the first (capitalist, high-profit industries) and second (underdeveloped) economies. [6] The first economy contributes to the majority of South Africa's wealth and is integrated within the world economy. The second economy consists of low-skilled and outdated jobs.