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southafrica/in/perspective
sa #gdp growth
GDP growth in real terms

                                                                          South African GDP growth since 1980


                               2,500




                               2,000
      Rand (constant prices)




                               1,500




                               1,000




                                500




                                  0
                                       1980   1982   1984   1986   1988      1990    1992     1994    1996      1998   2000   2002   2004   2006   2008

    Source: International Monetary Fund
South Africa’s GDP
• SA’s productivity has grown substantially
  since 1980 [in real terms]
GDP <> population growth

                                                                            SA growth - population effect

                                                                     Population (millions)      GDP per person (Rand)

                             60                                                                                                                       50,000

                                                                                                                                                      45,000
                             50
                                                                                                                                                      40,000

                                                                                                                                                      35,000




                                                                                                                                                               GDP per person (Rand)
                             40
     Population (millions)




                                                                                                                                                      30,000

                             30                                                                                                                       25,000

                                                                                                                                                      20,000
                             20
                                                                                                                                                      15,000

                                                                                                                                                      10,000
                             10
                                                                                                                                                      5,000

                             0                                                                                                                        0
                                  1980   1982   1984   1986   1988   1990      1992      1994    1996     1998     2000   2002   2004   2006   2008

   Source: International Monetary Fund
South Africa’s GDP
• SA’s productivity has grown substantially
  since 1980 [in real terms]
• SA’s per capita GDP has also grown at a
  rapid rate [pop. growth is not the cause]
GDP growth in US$

                                                                         SA growth - in US$ terms (PPP)

                                                                     Population (millions)            GDP per person (US Dollars)

                             60                                                                                                                            16,000


                                                                                                                                                           14,000
                             50

                                                                                                                                                           12,000




                                                                                                                                                                    GDP per person (US Dollars)
                             40
     Population (millions)




                                                                                                                                                           10,000


                             30                                                                                                                            8,000


                                                                                                                                                           6,000
                             20

                                                                                                                                                           4,000

                             10
                                                                                                                                                           2,000


                             0                                                                                                                             0
                                  1980   1982   1984   1986   1988   1990      1992          1994   1996    1998      2000     2002   2004   2006   2008

   Source: International Monetary Fund
South Africa’s GDP
• SA’s productivity has grown substantially
  since 1980 [in real terms]
• SA’s per capita GDP has also grown at a
  rapid rate [pop. growth is not the cause]
• The growth in US$ terms, which has been
  less impressive, accelerated greatly from
  2003
#gdp: in context
The African giants

                                                      SA vs major African countries

                             12,000


                                                                                                      South Africa
                             10,000



                                                                Algeria
                              8,000
      GDP per head US$ ppp




                              6,000

                                                                                              Egypt
                              4,000



                              2,000
                                                                Nigeria


                                 0



                             -2,000
                                      0   100   200                       300                 400       500          600
                                                          GDP US$bn purchasing power parity
    Source: www.economist.com
SA against the world
• SA leads Africa in real GDP terms and in
  GDP per capita [per person]
Other emerging markets

                                                                          SA vs other emerging markets

                            12,000



                                         South Africa
                            10,000                       Brazil




                             8,000
     GDP per head US$ ppp




                                                                                                                                   China



                             6,000




                             4,000



                                                                  India
                             2,000




                                0
                                     0                  2,000         4,000                 6,000                 8,000   10,000           12,000
                                                                              GDP US$bn purchasing power parity
   Source: www.economist.com
SA against the world
• SA leads Africa in real GDP terms and in
  GDP per capita [per person]
• Other emerging markets are far more
  productive, but SA still excels on a GDP per
  capita [per person] basis
The big picture - globally

                                                                                             SA vs significant global economies

                             60,000




                             50,000
                                                                                                                                                      USA



                             40,000
      GDP per head US$ ppp




                                                             Great Britain

                                                                                     Japan
                                              Australia
                             30,000
                                                                  Germany


                             20,000



                                          South Africa
                             10,000




                                 0
                                      0                   2,000              4,000              6,000            8,000           10,000   12,000   14,000   16,000
                                                                                                   GDP US$bn purchasing power parity
    Source: www.economist.com
SA against the world
• SA leads Africa in real GDP terms and in
  GDP per capita
• Other emerging markets are far more
  productive, but SA still excels on a GDP per
  capita [per person] basis
• SA is still a long way from the productivity of
  leading first world nations
what can we do?
Let’s turn the world upside down




 Source: http://www.mindshiftmag.co.za/default.asp
the/end

¿or_just_the_beginning?

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South Africa in perspective

  • 3. GDP growth in real terms South African GDP growth since 1980 2,500 2,000 Rand (constant prices) 1,500 1,000 500 0 1980 1982 1984 1986 1988 1990 1992 1994 1996 1998 2000 2002 2004 2006 2008 Source: International Monetary Fund
  • 4. South Africa’s GDP • SA’s productivity has grown substantially since 1980 [in real terms]
  • 5. GDP <> population growth SA growth - population effect Population (millions) GDP per person (Rand) 60 50,000 45,000 50 40,000 35,000 GDP per person (Rand) 40 Population (millions) 30,000 30 25,000 20,000 20 15,000 10,000 10 5,000 0 0 1980 1982 1984 1986 1988 1990 1992 1994 1996 1998 2000 2002 2004 2006 2008 Source: International Monetary Fund
  • 6. South Africa’s GDP • SA’s productivity has grown substantially since 1980 [in real terms] • SA’s per capita GDP has also grown at a rapid rate [pop. growth is not the cause]
  • 7. GDP growth in US$ SA growth - in US$ terms (PPP) Population (millions) GDP per person (US Dollars) 60 16,000 14,000 50 12,000 GDP per person (US Dollars) 40 Population (millions) 10,000 30 8,000 6,000 20 4,000 10 2,000 0 0 1980 1982 1984 1986 1988 1990 1992 1994 1996 1998 2000 2002 2004 2006 2008 Source: International Monetary Fund
  • 8. South Africa’s GDP • SA’s productivity has grown substantially since 1980 [in real terms] • SA’s per capita GDP has also grown at a rapid rate [pop. growth is not the cause] • The growth in US$ terms, which has been less impressive, accelerated greatly from 2003
  • 10. The African giants SA vs major African countries 12,000 South Africa 10,000 Algeria 8,000 GDP per head US$ ppp 6,000 Egypt 4,000 2,000 Nigeria 0 -2,000 0 100 200 300 400 500 600 GDP US$bn purchasing power parity Source: www.economist.com
  • 11. SA against the world • SA leads Africa in real GDP terms and in GDP per capita [per person]
  • 12. Other emerging markets SA vs other emerging markets 12,000 South Africa 10,000 Brazil 8,000 GDP per head US$ ppp China 6,000 4,000 India 2,000 0 0 2,000 4,000 6,000 8,000 10,000 12,000 GDP US$bn purchasing power parity Source: www.economist.com
  • 13. SA against the world • SA leads Africa in real GDP terms and in GDP per capita [per person] • Other emerging markets are far more productive, but SA still excels on a GDP per capita [per person] basis
  • 14. The big picture - globally SA vs significant global economies 60,000 50,000 USA 40,000 GDP per head US$ ppp Great Britain Japan Australia 30,000 Germany 20,000 South Africa 10,000 0 0 2,000 4,000 6,000 8,000 10,000 12,000 14,000 16,000 GDP US$bn purchasing power parity Source: www.economist.com
  • 15. SA against the world • SA leads Africa in real GDP terms and in GDP per capita • Other emerging markets are far more productive, but SA still excels on a GDP per capita [per person] basis • SA is still a long way from the productivity of leading first world nations
  • 16. what can we do?
  • 17. Let’s turn the world upside down Source: http://www.mindshiftmag.co.za/default.asp