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South Africa has an estimated total water capacity of 38 billion cubic metres, but will need 65 billion by 2025 if the economy is to keep on growing. [158] The massive urban migration has placed further strain on the country's ageing water infrastructure and created a large backlog.
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 energy crisis has significantly limited economic growth in South Africa thereby preventing the country from resolving high rates of unemployment. [ 27 ] [ 125 ] The power shortage is estimated to have reduced economic growth in 2021 by 3% thereby costing the country an estimated 350,000 potential new jobs for that year alone. [ 27 ]
The figures are from the International Monetary Fund (IMF) World Economic Outlook Database, unless otherwise specified. [ 1 ] This list is not to be confused with the list of countries by real GDP per capita growth , which is the percentage change of GDP per person recalculated according to the changing number of the population of the country.
South African provinces by GDP. Rank Province GDP (2022; billion ZAR) [1] ... South Africa: 6,628.550: 406.330: 6,532: Constant 2010 prices - millions of Rand [2 ...
The economy of the Western Cape in South Africa is dominated by the city of Cape Town, which accounted for 72% of the Western Cape's economic activity in 2016. [7] The single largest contributor to the region's economy is the financial and business services sector, followed by manufacturing.
The Trump Economy Begins: 4 Money Moves Retirees Should Make Before Inauguration Day Read More: 4 Low-Risk Ways To Build Your Retirement Savings in 2025 Social Security has long been in an ...
In 2019 the 17.1% of all South African taxpayers were located in the Western Cape; the province contributed 16.9% of the country's total taxable income thereby contributing to just under R 269.58 billion to the fiscus.