{"id":99902,"date":"2015-09-30T20:50:50","date_gmt":"2015-09-30T18:50:50","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=99902"},"modified":"2015-09-30T20:50:21","modified_gmt":"2015-09-30T18:50:21","slug":"how-much-money-south-africa-contributes-to-the-global-economy","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/trending\/99902\/how-much-money-south-africa-contributes-to-the-global-economy\/","title":{"rendered":"How much money South Africa contributes to the global economy"},"content":{"rendered":"

The world produced $77.9 trillion (R1.08 quadrillion) in 2014 – and South Africa contributed 0.45% to that number.<\/p>\n

This is according to the latest GDP data from the World Bank, which updates global data for 2014 across 194 economies.<\/p>\n

South Africa is listed as the 33rd biggest economy in the world with a GDP contribution of $349.8 billion (R4.83\u00a0trillion), though this is down from $366 billion (R5.06 trillion) in 2013.<\/p>\n

South Africa’s GDP contribution has been on a steady decline since 2011, when it peaked at $416.6 billion (R5.76 trillion).<\/p>\n

South Africa GDP, 2010 – 2014<\/h3>\n

\"SA<\/a><\/p>\n

As Africa’s largest economy, Nigeria is the 22nd biggest GDP contributor in the world at $568.5 billion (R7.86 trillion).<\/p>\n

However, split among its 178.5 million people, the country carries a much lower GDP per capita of $3,185 (R44,027). South Africa has GDP per capita of $6,480 (R89,574).<\/p>\n

Biggest economies in the world<\/h3>\n

The world’s largest economies have remained largely unchanged over the years, with the United States dominating by a large margin with a total GDP of $17.4 trillion (R240.5 trillion).<\/p>\n

China also maintains a comfortable second, with GDP at $10.4 trillion (R143 trillion) in 2014, ahead of Japan’s $4.6 trillion (R63.6 trillion), and Germany’s $3.8 trillion (R52.5 trillion).<\/p>\n

The top 15 economies in the world account for 71.5% of the world’s total output<\/strong>, totalling $57.75 trillion.<\/p>\n

Top 15 economies<\/h3>\n
\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
#<\/th>\nCountry<\/th>\nGDP, 2014 (US$m)<\/th>\n% of total<\/th>\n<\/tr>\n
1<\/td>\nUSA<\/td>\n17 419 000<\/td>\n22.4%<\/td>\n<\/tr>\n
2<\/td>\nChina<\/td>\n10 360 105<\/td>\n13.3%<\/td>\n<\/tr>\n
3<\/td>\nJapan<\/td>\n4 601 461<\/td>\n5.9%<\/td>\n<\/tr>\n
4<\/td>\nGermany<\/td>\n3 852 556<\/td>\n4.9%<\/td>\n<\/tr>\n
5<\/td>\nUnited Kingdom<\/td>\n2 941 886<\/td>\n3.8%<\/td>\n<\/tr>\n
6<\/td>\nFrance<\/td>\n2 829 192<\/td>\n3.6%<\/td>\n<\/tr>\n
7<\/td>\nBrazil<\/td>\n2 346 118<\/td>\n3.0%<\/td>\n<\/tr>\n
8<\/td>\nItaly<\/td>\n2 144 338<\/td>\n2.8%<\/td>\n<\/tr>\n
9<\/td>\nIndia<\/td>\n2 066 902<\/td>\n2.7%<\/td>\n<\/tr>\n
10<\/td>\nRussian Federation<\/td>\n1 860 598<\/td>\n2.4%<\/td>\n<\/tr>\n
11<\/td>\nCanada<\/td>\n1 786 655<\/td>\n2.3%<\/td>\n<\/tr>\n
12<\/td>\nAustralia<\/td>\n1 453 770<\/td>\n1.9%<\/td>\n<\/tr>\n
13<\/td>\nRepublic of Korea<\/td>\n1 410 383<\/td>\n1.8%<\/td>\n<\/tr>\n
14<\/td>\nSpain<\/td>\n1 404 307<\/td>\n1.8%<\/td>\n<\/tr>\n
15<\/td>\nMexico<\/td>\n1 282 720<\/td>\n1.6%<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
33<\/td>\nSouth Africa<\/td>\n349 817<\/td>\n0.4%<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<\/div>\n

Conversions done at 1 USD =\u00a013.82 ZAR<\/small><\/p>\n

More on GDP in SA<\/h3>\n

This map shows which US state has the same GDP as South Africa<\/a><\/strong><\/p>\n

Government makes a negative contribution to SA GDP<\/a><\/strong><\/p>\n

How South Africa can grow its GDP<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

The world produced $77.9 trillion dollars in 2014 – and South Africa contributed 0.45% to that number.<\/p>\n","protected":false},"author":10,"featured_media":36175,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[2720,26,4423],"class_list":["post-99902","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-trending","tag-gdp","tag-headline","tag-world-bank"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/99902","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=99902"}],"version-history":[{"count":5,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/99902\/revisions"}],"predecessor-version":[{"id":99920,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/99902\/revisions\/99920"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/36175"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=99902"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=99902"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=99902"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}