2010/2011 - The Economy

The Economy chapter comprises 122 pages of data on all aspects of the South African economy plus numerous comparisons with other countries across the globe.
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2010/2011 - The Economy

The Economy chapter comprises 122 pages of data on all aspects of the South African economy plus numerous comparisons with other countries across the globe.

SAS-2010-2011-Economy-1.jpgA review of Gross Domestic Product (GDP) includes a breakdown of real growth and income trends from 1961-2010, a breakdown of gross value added by sector from 1951-2010, and a look at provincial and local economies. Detailed inflation and interest rates data goes back to 1976. The inflation section includes a detailed analysis of regulated administered prices. The chapter further includes a comprehensive section on the composition of both local and foreign investment in the country. The public finance section looks at both revenue and expenditure. Short and long-term comparisons of public finance are also featured.

For more detail on what the chapter contains, you will find the complete table of contents below.

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Table of Contents:

THE MACRO-ECONOMIC PICTURE

South Africa at a glance

LEADING INDICATORS

Local indicators

Major indicators, 1955–2010

Current account surplus/deficit as proportion of GDP, 1955–2010

Further major indicators, 1993–2011

Key indicators and forecasts, 2008–14

International comparisons

Key economic indicators and forecasts, selected countries

Spending, savings, and trade as proportion of GDP, selected countries, 2009

Spending, savings, and trade as proportion of GDP, emerging markets, 2009

Spending, savings, and trade as proportion of GDP, selected African countries, 2009

ECONOMIC PROFILE

Gross domestic product

Real growth and income levels and trends, 1961–2010

Real total gross domestic product, 1961–2010

Real annual economic growth, 1961–2010

Real GDP and personal disposable income per capita, 1961–2010

Real GDP per head, 1965–2013

GDP growth, 1910–2015

Income and rankings, selected countries, 2009

GDP per capita average annual growth, selected countries, 1970–2008

Structure of GDP

Breakdown by industry of gross value added, 1951 and 2010

Breakdown of gross value added by industry, 1951–2010 (proportions)

Expenditure on gross domestic product, 1950–2010

Type of expenditure as proportion of gross domestic product (GDP)

Provincial and local economies

Provincial economies

Regional GDP and GDP growth trends, 1995–2009

Average annual economic growth, 2002–2009

Gross domestic product (GDP) by province, 2008–2010

GDP per head by province, 1996–2010

GDP by province and industry, 2009 (actual numbers)

GDP by province and industry, 2009 (proportions)

Provincial contribution to GDP and national population, 2009

Urban economies

Economic indicators for 16 selected urban areas

Inflation and interest rates

Inflation and interest rates, 1976–2010

Inflation rates, 1976–2010

Interest rates, 1976–2010

Componets of CPI, 2010

CPI by province and area, 2009–10

Group and product inflation for all urban areas, 2009 - 2010

Regulated administered prices in South Africa

CPI and CPI for administered prices and food, 2009–2010

Administered prices average annual inflation, 2009–2011

Repurchase (repo) rate, dates of change

Saving

Personal saving, household debt, and gross domestic saving, 1960–2010

Saving, 1960–2010

Investment

All investment

Real gross fixed capital formation (GFCF), 1960–2010

Investment (GFCF) as a proportion of GDP, 1960–2010

Annual change in investment, 1960–2010

Investment by type of investment, 1998–2010

Investment by type of investment (proportions), 2000 and 2010

Investment by type of investor, 1960–2010

Private investment as proportion of total investment, 1960–2010

GFCF by kind of economic activity, 1960–2010

Foreign investment

Inward investment

Foreign liabilities (foreign investment in South Africa), 1975–2009

Foreign liabilities (foreign investment in South Africa), 1956–2009

Foreign liabilities (foreign investment in South Africa), 1999–2009

Foreign direct investment inflow/outflow, 1994–2010

Foreign liabilities (foreign investment in South Africa) by region at 31st December 2009

Foreign direct investment (FDI) in South Africa by kind of economic activity, 1989–2009

Foreign direct investment (FDI) in South Africa by kind of economic activity as a proportion of total FDI, 1989–2009

Outward investment

Foreign assets (South African investment in other countries), 1975–2009

Foreign assets (South African investment in other countries) by region at 31st December 2009

Foreign African assets (South African investment in Africa), 1994–2009

Foreign African assets (South African investment in Africa) by country at 31st December 2009

International comparisons

FDI flows (inward) as proportion of GFCF, selected countries, 2003–2010

FDI stock as proportion of GDP, selected countries, 2003–2010

FDI flows (inward) as proportion of GFCF and FDI stock as proportion of GDP, emerging markets, 2003–2010

FDI flows (inward) as proportion of GFCF and FDI stock as proportion of GDP, selected African countries, 2003–2010

Top ten recipients of FDI inflows in Africa, 2009–10

The exchange rate

The rand/euro and rand/pound exchange rate, 1990–2010

The value of the rand in euros and pounds, 1990–2010

The rand/dollar and real effective exchange rates, 1970–2010

The value of the rand in dollars, 1970–2010

Index of real effective exchange rate (average), 1990–2010

Weighting of 15 currencies in the ‘basket’ against which the rand is measured

Trade

South Africa’s chief trading partners, 2010

South Africa’s trade with the world, 2010

South Africa’s exports by region, 2010

Imports to South Africa by area, 2010 (proportions)

Exports from South Africa by area, 2010 (proportions)

South Africa’s trade with emerging markets, 2010

South Africa’s trade with selected African countries, 2010

Composition of exports and imports, 1990–2010

Exports from South Africa by sector, 1990–2010 (proportions)

Imports to South Africa by sector, 1990–2010 (proportions)

Growth in export and import value, 1990–2009

Exports of goods and services as a proportion of GDP, selected countries, 1995 and 2009

Average London gold price, 1946–2011

Brent crude oil and platinum prices, 1981–2010

Oil price, 1981–2010

Crude oil prices, 1861–2010

Crude oil prices, 1861–2010, constant 2010 prices

PUBLIC FINANCE

Revenue and taxation

All tax revenues

Total tax revenue, 2003/04–2008/09

National revenues

Government finance as a proportion of GDP, 1977–2014

Income tax as a proportion of GDP, 1977–2014

Composition of national tax revenue, selected years, 1984/85–2011/12

Tax revenue by main source, 1994/95, 2004/05, 2009/10, and 2010/11

Tax revenue by main source as proportion of GDP, 1994/95, 2004/05, 2009/10 and 2010/11

Number of registered taxpayers, 2002/03–2010/11

Maximum marginal tax rates, 2002/03–2010/11

Individual taxpayers

What we will pay in 2010/11—2011/12

Number of taxpayers, 2006/07–2009/10

Summary of taxable income and tax assessed, 2002/03 - 2009/10

Assessed individual taxpayers by selected taxable income groups, 2006–2009

Number of assessed individual taxpayers and tax assessed, 2008

Taxable income and tax assessed by age group, 2006 and 2009

Taxable income and tax assessed by sex, 2006 and 2009

Proportion of assessed individual taxpayers by age, 2006–2009

Tax assessed by sector and economic activity, 2006 and 2009

Assessed individual taxpayers’ tax assessed by selected sector, 2009

Taxable income and tax assessed by province, 2006 and 2009

Taxpayers by province, 2009 (proportions)

Corporate taxpayers

Taxable income and tax assessed by sector and economic activity, 2006 and 2008

Company tax assessed for selected sectors, 2008

Tax assessments, 2006/07–2009/10

Number of companies and tax assessed for companies with taxable income greater than zero, 2008

International comparisons

Top personal income tax rates, selected countries, 1985–2009

Tax revenue, 2009, and business tax, selected countries, 2010

Tax revenue, 2009, and business tax, emerging markets, 2010

Tax revenue, 2009, and business tax, selected African countries, 2010

Budget 2010/2011

Breakdown of consolidated national and provincial spending by function and proportion, 2011/12–2013/14

Changes in consolidated national and provincial spending by function over seven years, 2007/08–2013/14

Breakdown of consolidated national and provincial spending as a proportion of total spending, 2007/08–2013/14

Where is it all going?, 2007/08 and 2011/12

Key allocations as a proportion of the budget, 2007/08 - 2013/14

Major spending components, 2007/08–2013/14

Major spending components, 2007/08 and 2013/14

Public infrastructure expenditure by sector, 2010/11 - 2013/14

Key indicators and forecasts, 2008–14

Consolidated budget vs GDP, 2011/12–2013/14

Division of revenue between spheres of government, 2011/12–2014/15

Longer-term budgetary trends

Expenditure

Expenditure allocations, 1994/95 and 2013/14

Expenditure under the new constitution, 1995–2014

Budgets and GDP

National government finance as a percentage of GDP, 1961–2015

Deficit

Budget deficit/surplus (actual and projected), 1960/61–2014/15

Public debt

Total debt of government, 1982–2014

Foreign debt as proportion of GDP, 1982–2014

Government debt as proportion of GDP, 1982–2014

International comparisons

Budget balance as a proportion of GDP, selected countries, 2011

Provincial budgets

Consolidated budgets

Summary of expenditure outcomes by province, 2009/10–2010/11

Provincial own revenue collection, 2009/10–2010/11

Provincial personnel expenditure, 2010/11

Provincial education expenditure, 2010/11

Provincial capital expenditure on education, 2010/11

Provincial health expenditure, 2010/11

Provincial capital expenditure on health, 2010/11

Provincial capital expenditure on health, growth, 2009/10–2010/11

Municipal finance: six metros

Outstanding consumer debtors, as at 31st December 2009 and 2010

Change in municipal metro debt, 2009–2010

Breakdown of total municipal debt by metro, 2009 and 2010

FORECASTS OF KEY ECONOMIC INDICATORS, 2012–15

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SAS-2010-2011-Economy-1.jpgA review of Gross Domestic Product (GDP) includes a breakdown of real growth and income trends from 1961-2010, a breakdown of gross value added by sector from 1951-2010, and a look at provincial and local economies. Detailed inflation and interest rates data goes back to 1976. The inflation section includes a detailed analysis of regulated administered prices. The chapter further includes a comprehensive section on the composition of both local and foreign investment in the country. The public finance section looks at both revenue and expenditure. Short and long-term comparisons of public finance are also featured.

For more detail on what the chapter contains, you will find the complete table of contents below.

Subscribers:

Google Doc View Google Document

Adobe PDF Download Adobe PDF

Excel Spreadsheet Download Excel Spreadsheet

Non-subscribers:

Magento Purchase Chapter

Register Subscribe

 

Table of Contents:

THE MACRO-ECONOMIC PICTURE

South Africa at a glance

LEADING INDICATORS

Local indicators

Major indicators, 1955–2010

Current account surplus/deficit as proportion of GDP, 1955–2010

Further major indicators, 1993–2011

Key indicators and forecasts, 2008–14

International comparisons

Key economic indicators and forecasts, selected countries

Spending, savings, and trade as proportion of GDP, selected countries, 2009

Spending, savings, and trade as proportion of GDP, emerging markets, 2009

Spending, savings, and trade as proportion of GDP, selected African countries, 2009

ECONOMIC PROFILE

Gross domestic product

Real growth and income levels and trends, 1961–2010

Real total gross domestic product, 1961–2010

Real annual economic growth, 1961–2010

Real GDP and personal disposable income per capita, 1961–2010

Real GDP per head, 1965–2013

GDP growth, 1910–2015

Income and rankings, selected countries, 2009

GDP per capita average annual growth, selected countries, 1970–2008

Structure of GDP

Breakdown by industry of gross value added, 1951 and 2010

Breakdown of gross value added by industry, 1951–2010 (proportions)

Expenditure on gross domestic product, 1950–2010

Type of expenditure as proportion of gross domestic product (GDP)

Provincial and local economies

Provincial economies

Regional GDP and GDP growth trends, 1995–2009

Average annual economic growth, 2002–2009

Gross domestic product (GDP) by province, 2008–2010

GDP per head by province, 1996–2010

GDP by province and industry, 2009 (actual numbers)

GDP by province and industry, 2009 (proportions)

Provincial contribution to GDP and national population, 2009

Urban economies

Economic indicators for 16 selected urban areas

Inflation and interest rates

Inflation and interest rates, 1976–2010

Inflation rates, 1976–2010

Interest rates, 1976–2010

Componets of CPI, 2010

CPI by province and area, 2009–10

Group and product inflation for all urban areas, 2009 - 2010

Regulated administered prices in South Africa

CPI and CPI for administered prices and food, 2009–2010

Administered prices average annual inflation, 2009–2011

Repurchase (repo) rate, dates of change

Saving

Personal saving, household debt, and gross domestic saving, 1960–2010

Saving, 1960–2010

Investment

All investment

Real gross fixed capital formation (GFCF), 1960–2010

Investment (GFCF) as a proportion of GDP, 1960–2010

Annual change in investment, 1960–2010

Investment by type of investment, 1998–2010

Investment by type of investment (proportions), 2000 and 2010

Investment by type of investor, 1960–2010

Private investment as proportion of total investment, 1960–2010

GFCF by kind of economic activity, 1960–2010

Foreign investment

Inward investment

Foreign liabilities (foreign investment in South Africa), 1975–2009

Foreign liabilities (foreign investment in South Africa), 1956–2009

Foreign liabilities (foreign investment in South Africa), 1999–2009

Foreign direct investment inflow/outflow, 1994–2010

Foreign liabilities (foreign investment in South Africa) by region at 31st December 2009

Foreign direct investment (FDI) in South Africa by kind of economic activity, 1989–2009

Foreign direct investment (FDI) in South Africa by kind of economic activity as a proportion of total FDI, 1989–2009

Outward investment

Foreign assets (South African investment in other countries), 1975–2009

Foreign assets (South African investment in other countries) by region at 31st December 2009

Foreign African assets (South African investment in Africa), 1994–2009

Foreign African assets (South African investment in Africa) by country at 31st December 2009

International comparisons

FDI flows (inward) as proportion of GFCF, selected countries, 2003–2010

FDI stock as proportion of GDP, selected countries, 2003–2010

FDI flows (inward) as proportion of GFCF and FDI stock as proportion of GDP, emerging markets, 2003–2010

FDI flows (inward) as proportion of GFCF and FDI stock as proportion of GDP, selected African countries, 2003–2010

Top ten recipients of FDI inflows in Africa, 2009–10

The exchange rate

The rand/euro and rand/pound exchange rate, 1990–2010

The value of the rand in euros and pounds, 1990–2010

The rand/dollar and real effective exchange rates, 1970–2010

The value of the rand in dollars, 1970–2010

Index of real effective exchange rate (average), 1990–2010

Weighting of 15 currencies in the ‘basket’ against which the rand is measured

Trade

South Africa’s chief trading partners, 2010

South Africa’s trade with the world, 2010

South Africa’s exports by region, 2010

Imports to South Africa by area, 2010 (proportions)

Exports from South Africa by area, 2010 (proportions)

South Africa’s trade with emerging markets, 2010

South Africa’s trade with selected African countries, 2010

Composition of exports and imports, 1990–2010

Exports from South Africa by sector, 1990–2010 (proportions)

Imports to South Africa by sector, 1990–2010 (proportions)

Growth in export and import value, 1990–2009

Exports of goods and services as a proportion of GDP, selected countries, 1995 and 2009

Average London gold price, 1946–2011

Brent crude oil and platinum prices, 1981–2010

Oil price, 1981–2010

Crude oil prices, 1861–2010

Crude oil prices, 1861–2010, constant 2010 prices

PUBLIC FINANCE

Revenue and taxation

All tax revenues

Total tax revenue, 2003/04–2008/09

National revenues

Government finance as a proportion of GDP, 1977–2014

Income tax as a proportion of GDP, 1977–2014

Composition of national tax revenue, selected years, 1984/85–2011/12

Tax revenue by main source, 1994/95, 2004/05, 2009/10, and 2010/11

Tax revenue by main source as proportion of GDP, 1994/95, 2004/05, 2009/10 and 2010/11

Number of registered taxpayers, 2002/03–2010/11

Maximum marginal tax rates, 2002/03–2010/11

Individual taxpayers

What we will pay in 2010/11—2011/12

Number of taxpayers, 2006/07–2009/10

Summary of taxable income and tax assessed, 2002/03 - 2009/10

Assessed individual taxpayers by selected taxable income groups, 2006–2009

Number of assessed individual taxpayers and tax assessed, 2008

Taxable income and tax assessed by age group, 2006 and 2009

Taxable income and tax assessed by sex, 2006 and 2009

Proportion of assessed individual taxpayers by age, 2006–2009

Tax assessed by sector and economic activity, 2006 and 2009

Assessed individual taxpayers’ tax assessed by selected sector, 2009

Taxable income and tax assessed by province, 2006 and 2009

Taxpayers by province, 2009 (proportions)

Corporate taxpayers

Taxable income and tax assessed by sector and economic activity, 2006 and 2008

Company tax assessed for selected sectors, 2008

Tax assessments, 2006/07–2009/10

Number of companies and tax assessed for companies with taxable income greater than zero, 2008

International comparisons

Top personal income tax rates, selected countries, 1985–2009

Tax revenue, 2009, and business tax, selected countries, 2010

Tax revenue, 2009, and business tax, emerging markets, 2010

Tax revenue, 2009, and business tax, selected African countries, 2010

Budget 2010/2011

Breakdown of consolidated national and provincial spending by function and proportion, 2011/12–2013/14

Changes in consolidated national and provincial spending by function over seven years, 2007/08–2013/14

Breakdown of consolidated national and provincial spending as a proportion of total spending, 2007/08–2013/14

Where is it all going?, 2007/08 and 2011/12

Key allocations as a proportion of the budget, 2007/08 - 2013/14

Major spending components, 2007/08–2013/14

Major spending components, 2007/08 and 2013/14

Public infrastructure expenditure by sector, 2010/11 - 2013/14

Key indicators and forecasts, 2008–14

Consolidated budget vs GDP, 2011/12–2013/14

Division of revenue between spheres of government, 2011/12–2014/15

Longer-term budgetary trends

Expenditure

Expenditure allocations, 1994/95 and 2013/14

Expenditure under the new constitution, 1995–2014

Budgets and GDP

National government finance as a percentage of GDP, 1961–2015

Deficit

Budget deficit/surplus (actual and projected), 1960/61–2014/15

Public debt

Total debt of government, 1982–2014

Foreign debt as proportion of GDP, 1982–2014

Government debt as proportion of GDP, 1982–2014

International comparisons

Budget balance as a proportion of GDP, selected countries, 2011

Provincial budgets

Consolidated budgets

Summary of expenditure outcomes by province, 2009/10–2010/11

Provincial own revenue collection, 2009/10–2010/11

Provincial personnel expenditure, 2010/11

Provincial education expenditure, 2010/11

Provincial capital expenditure on education, 2010/11

Provincial health expenditure, 2010/11

Provincial capital expenditure on health, 2010/11

Provincial capital expenditure on health, growth, 2009/10–2010/11

Municipal finance: six metros

Outstanding consumer debtors, as at 31st December 2009 and 2010

Change in municipal metro debt, 2009–2010

Breakdown of total municipal debt by metro, 2009 and 2010

FORECASTS OF KEY ECONOMIC INDICATORS, 2012–15

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