IMD World Competitiveness Booklet 2022

South Africa Competitiveness Trends – Overall

OVERALL PERFORMANCE (63 countries)

BASIC FACTS

Rank

2018

2019

2020

2021

2022

Capital Land area (square km '000)

Pretoria

1,219 2021 14.779 2021

53

56

Exchange Rate (per $)

59

60

60.14 2021 14 419.9 2021 30 14,396 2021 56 4.9 2021 34 4.55 2021 49 35.30 2021 62 22.47 2021 18 0.97 2021 27 136.7 2020 39 0.95 2020 43

62

Population - market size (millions)

Gross Domestic Product (GDP) (US$ billions)

CHALLENGES IN 2022

GDP (PPP) per capita (US$)

• High headline and youth unemployment. • High public debt levels and a shrinking fiscal space. • Ongoing electricity supply problems and rolling blackouts. • Lack of decisive plans to address socio-economic structural problems. • Sluggish process to address State Capture Commission recommendations.

Real GDP growth (%)

Consumer price inflation (%)

Unemployment rate (%)

Labor force (millions)

Current account balance (% of GDP)

Direct investment stocks inward ($bn)

Direct investment flows inward (% of GDP)

PROVIDED BY: Productivity SA

COMPETITIVENESS LANDSCAPE

Economic Performance Government Efficiency

Business Efficiency

Infrastructure

Domestic Economy

International Trade

International Investment Employment Prices

Public Finance Tax Policy

Institutional Framework Business Legislation

Societal Framework

Productivity & Efficiency Labor Market Finance

Management Practices

Attitudes and Values

Basic Infrastructure

Technological Infrastructure Scientific Infrastructure

Health and Environment Education

6

18

34

41

46

48

55 57 51 53 55

54 55

57

58

61 59

61 56

62

PEER GROUPS RANKINGS EUROPE - MIDDLE EAST - AFRICA (40 countries)

POPULATIONS > 20 MILLION (27 countries)

2018

2019

2020

2021

2022

2018

2019

2020

2021

2022

35

35

22

37

39

40

24

25

25

25

104 Competitiveness Country Profiles