Economy of South Africa -South Africa is the largest economy on the African continent. It accounts for 24% of the African GDP. -GDP= $524 billion -GDP per capita= $10,500 -GDP Growth Rate= 4.6% in South Africa has a mixed to market cconomy

Economy of South Africa: Industries -Main Industries: Mining Automobile assembly Metal working machinery textiles -World’s largest producer of gold, platinum, and chromium. - Agriculture- they produce enough food to actually export to other countries - -Service Industries- Banking, telecommunications, tourism. Largest part of economy!

Imports- Machinery and equipment, petroleum products, chemicals Import Partners- Germany, China, U.S. Exports- Gold, diamonds, platinum and other metals and minerals Export Partners- Japan, U.S., Germany

Economy of South Africa: Problems -24% unemployment (1 in 4) -High crime rate in certain areas -Income inequality- Whites still hold the vast majority of wealth, while other groups live in relative poverty. “Brain Drain”- Skilled, educated professionals leaving South Africa for other, more prosperous areas of the world. This leaves S.A. with fewer highly educated people develop and manage new and existing industries.