The economy of South Africa is the largest and most industrialized economy in Africa. It is a mixed economy that includes agriculture, mining, manufacturing, and services sectors. South Africa has a well-developed financial sector, including a sophisticated banking system and a stock exchange. However, the country also faces significant economic challenges, including high unemployment, income inequality, and poverty. Key Economic Indicators: Gross Domestic Product (GDP): South Africa's GDP was estimated at around $340 billion in 2021, making it the second-largest economy in Africa after Nigeria. Unemployment: Unemployment has been a persistent issue in South Africa, with an unemployment rate of around 27% in 2021, and even higher among the youth. Inflation: Inflation has been relatively moderate in recent years, with an inflation rate of around 4% in 2021. Trade: South Africa is a major exporter of commodities, including gold, platinum, coal, and iron ore. It also has a...
Social and political general subject