South Africa economy graph showing purchasing power parity (PPP) growth from 2000 to today. Purchasing power parity adjusts the size of the economy to relevant price levels, i.e. measuring the price of specific goods in different countries and adjusting GDP accordingly.
In 2023, South Africa’s GDP per capita (PPP) was around $16,000, positioning it as an upper-middle-income country. The economy is diversified, with key sectors in mining (especially gold and platinum), finance, manufacturing, and agriculture.