IMD World Competitiveness Booklet 2023

Competitiveness Country Profiles

South Africa Competitiveness Trends – Overall

OVERALL PERFORMANCE (64 countries)

BASIC FACTS

Rank

2019

2020

2021

2022

2023

Capital Land area (square km '000)

Pretoria

1.219 2022 16,356 2022

56

Exchange rate (per $)

59

60

61

60,60 2022 14 405,9 2022 33 15.673 2022 57 2,0 2022 56 6,87 2022 23 32,70 2022 64 23,69 2022 17 -0,48 2022 31 173,1 2021 35 9,86 2021 07

62

Population - market size (millions)

Gross Domestic Product (GDP) (US$ billions)

CHALLENGES IN 2023

GDP (PPP) per capita (US$)

• High unemployment and economic inequality. • High public debt levels and shrinking fiscal space. • Ongoing electricity supply problems and rolling blackouts. • Lack of decisive plans to address economic structural problems. • Deterioration of governance and sustainability of public institutions.

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 & Values

Basic Infrastructure

Technological Infrastructure Scientific Infrastructure

Health & Environment Education

6

19

40

42

46

48

58 58 62 56 55

56

59

60 56

62

63 60

63 58

PEER GROUPS RANKINGS EUROPE - MIDDLE EAST - AFRICA (41 countries)

POPULATIONS > 20 MILLION (27 countries)

2019

2020

2021

2022

2023

2019

2020

2021

2022

2023

35

24

37

39

40

25

25

25

25

41

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