GDP

GDP FACTS

• SA contributes less than 1% of the world’s GDP. Africa’s contribution was 3.5% in 2011.

• SA has the 29th biggest economy in the world.It’s GDP is bigger than that of Denmark and Thailand, but smaller than Argentina and Austria.

• In terms of GDP, California is the ninth biggest economy in the world and bigger than Spain and  Canada. Texas is bigger than Australia, and Massachusetts is larger than SA’s economy.

• According to IMF projections, the Chinese GDP will exceed the US’s by 2016. However, the average Chinese person will only have an annual income of $13 000, compared to the projected American income of $57 200

Source: Finweek 2 August 2012 Page 35