d, and a
modern infrastructure supporting an efficient distribution of goods to
major urban centers throughout the region. However, growth has not
been strong enough to cut into the 30% unemployment, and daunting
economic problems remain from the apartheid era, especially the
problems of poverty and lack of economic empowerment among the
disadvantaged groups. Other problems are crime, corruption, and
HIV/AIDS. At the start of 2000, President MBEKI vowed to promote
economic growth and foreign investment by relaxing restrictive labor
laws, stepping up the pace of privatization, and cutting unneeded
governmental spending. His policies face strong opposition from
organized labor.
GDP: purchasing power parity - $296.1 billion (1999 est.)
GDP - real growth rate: 0.6% (1999 est.)
GDP - per capita: purchasing power parity - $6,900 (1999 est.)
GDP - composition by sector:
agriculture: 5%
industry: 35%
services: 60% (1999 est.)
Population below poverty line: NA%
Household income or consumption by percentage share:
lowest 10%: 1.4%
highest 10%: 47.3% (1993)
Inflation rate (consumer prices): 5.5% (1999 est.)
Labor force: 15 million economically active (1997)
Labor force - by occupation: agriculture 30%, industry 25%, services
45% (1999 est.)
Unemployment rate: 30% (1999 est.)
Budget:
revenues: $30.5 billion
expenditures: $38 billion, including capital expenditures of $2.6
billion (FY94/95 est.)
Industries: mining (world's largest producer of platinum, gold,
chromium), automobile assembly, metalworking, machinery, textile, iron
and steel, chemicals, fertilizer, foodstuffs
Industrial production growth rate: -5% (1998 est.)
Electricity - production: 192.015 billion kWh (1998)
Electricity - production by source:
fossil fuel: 92.09%
hydro: 0.83%
nuclear: 7.08%
other: 0% (1998)
Electricity - consumption: 174.486 billion kWh (1998)
Electricity - exports: 4.093 billion kWh (1998)
Electricity - imports: 5 million kWh (1998)
Agriculture - products: corn, wheat, sugarcane, fruits, vegetables;
beef, poultry, mutton, wool, dairy products
Exports: $28 billion (f.o.b., 1999 est.)
Exports - commodities: gold, diamonds, other metals and minerals,
machinery and equipment
Exports - partners: UK, Italy, Japan, US, Germany (1997)
Imports: $26 billion (f.o.b., 1999 est.)
Imports - commodities: machinery, foodstuffs and equipment, chemicals,
petroleum products, scientific instruments
Impo
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