Running Head: SOUTH AFRICA’S GDP 1
SOUTH AFRICA’S GROSS DOMESTIC PRODUCT
Name:
Instructor:
Date:
Running Head: SOUTH AFRICA’S GDP 2
South Africa’s Gross Domestic Product
South Africa’s economy is the largest in Africa and is 24 of its GDP in terms of PPP.A quarter of
the population are unemployed and real unemployment rate is 40. South Africa has a comparative
advantage in agriculture, mining and various manufacturing products. It has shifted from a primary
and secondary economy to an economy driven primarily by the tertiary sector which accounts for
an estimated 65% of GDP. Its economy is reasonably diversified with key economic sectors
including mining, agriculture and fishery, vehicle manufacturing and assembly, food-processing,
clothing and textiles, telecommunication, energy, financial and business services, real estate,
tourism, transportation, and wholesale and retail trade.
South Africa Like many African countries, South Africa has taken some time to develop into a
