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Countries by real GDP growth rate in 2024 (IMF WEO database 2024) This article includes lists of countries and dependent territories sorted by their real gross domestic product growth rate; the rate of growth of the total value of all final goods and services produced within a state in a given year compared with the previous year.
At the bottom of the list, South Africa had a growth rate of 0.1% while Equatorial Guinea’s economy had receded with a rate of -1.8%. World Bank estimates for 2022 presented a different picture, with Niger leading economic growth at 11.5%, South Sudan receding at a rate of -10.8% and the continent as a whole seeing an average of 4.2% growth. [3]
The top rate of personal income tax rate in South Africa is 45%; the corporate tax rate is 27%. [173] Other taxes include a value-added tax and a capital gains tax, with the overall tax burden amounting to 23.4% of total domestic income. [173]
PPP largely removes the exchange rate problem, ... Map of Africa by 2020 nominal GDP (billions USD): ... South Africa: 403.045
(See List of countries by GDP (PPP).) PPP largely removes the exchange rate problem, but has its own drawbacks; it does not reflect the value of economic output in international trade, and it also requires more estimation than GDP per capita. On the whole, PPP per capita figures are more narrowly spread than nominal GDP per capita figures.
South Africa: 993.745: 15,361.30: ... List of African countries by GDP (nominal) List of African countries by Human Development Index; Economy of Africa; References
[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.
PPP largely removes the exchange rate problem but not others; ... For change of GDP per capita over time as a measure of economic growth, ... South Africa: 6,377: 2024: