Lewes, DE -- (SBWIRE) -- 12/18/2017 -- As per International Monetary Fund (IMF) South Africa's nominal gross domestic product is expected to grow at a CAGR of 7.7% from it's 2015 level of ZAR 4013.59 billion and reach ZAR 6747.83 billion by 2022.

South Africa, officially the Republic of South Africa, is a country located at the southern tip of Africa, with over 1,739 miles of coastline that stretches along the South Atlantic and Indian oceans. It shares its borders with the neighboring countries of Namibia, Botswana and Zimbabwe, and to the east are Mozambique and Swaziland, and within it lies Lesotho, an enclave surrounded by South African territory.

South Africa had estimated population of 55.909 million in the year 2016 and expected to reach 61.607 million by 2022. South Africa's unemployment rate was 26.725% of total labor force.

South Africa's real gross domestic product (GDP) was around ZAR 3071.66 billions in 2016 whereas the nominal GDP was ZAR 4327.56 billions. This resulted in GDP deflator 140.887. Per capita GDP was estimated at USD 5260.90 whereas purchasing power parity (PPP) based per capita GDP was estimated to be at USD 13225.43.

In 2016, South Africa government's revenue was ZAR 1273.67 billions whereas the expenditure was ZAR 1426.45 billions. This resulted South Africa government's net lending / borrowing negative at ZAR 152.78 billion in 2016 indicating that enough financial resources were not made available by the government to boost economic growth.

The current account balance for South Africa South Africa was estimated to be negative at USD 9.624 billions for the year 2016 and is expected to decline at a CAGR of 0.57% and reach USD 14.515 by 2022. This negative current account balance indicates the South Africa is a net borrower to the whole world.

Scope of the South Africa PESTEL Analysis, SWOT Analysis and Risk Analysis Market Research Reports
- These reports provide information about key macroeconomic indicators for South Africa.
- These reports provide PESTELE (political, economic, social, technological, environmental and legal) analysis for South Africa.
- These reports provide SWOT (strengths, weaknesses, opportunities and threats) analysis for South Africa.
- These reports provide risk analysis for South Africa.

For more information and to purchase South Africa PESTEL Analysis Market Research Report please visit: https://www.marketresearchreports.com/market-research-reports-inc/south-africa-pestel-analysis-market-research-report

For more information and to purchase South Africa SWOT Analysis Market Research Report please visit: https://www.marketresearchreports.com/market-research-reports-inc/south-africa-swot-analysis-market-research-report

For more information and to purchase South Africa Risk Analysis Market Research Report please visit: https://www.marketresearchreports.com/market-research-reports-inc/south-africa-risk-analysis-market-research-report

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