Economy What is South Africa’s youth unemployment rate? Source Stats SA Quarterly Labour Force Survey (QLFS) – Q2:2023 Short answer What is South Africa’s youth unemployment rate? South Africa's youth unemployment rate for the 15-34 age group (NEET) in the second quarter of 2023 was reported to be 34.2%. ... Back Full answer
#YouAsked Economy What was South Africa’s gini coefficient in 2020? Source The World Bank: Inequality in Southern Africa: An Assessment of the Southern African Customs Union Short answer What was South Africa’s gini coefficient in 2020? The Gini coefficient is a globally used measure of inequality, between individuals or households within an economy. The coefficient ranges from 0 to 1, with 0 representing perfect equality (all individuals have the same income) and 1 representing perfect inequality (where one person has all the inco... Back Full answer
#YouAsked Economy What is South Africa’s Gini coefficient? Source The World Bank: Inequality in Southern Africa: An Assessment of the Southern African Customs Union Short answer What is South Africa’s Gini coefficient? The Gini coefficient is a globally used measure of inequality, among individuals or households within an economy. The coefficient ranges from 0 to 1, where 0 represents perfect equality (all individuals have the same income) and 1 indicates perfect inequality (where one person has all the income and... Back Full answer
Economy What is the average household income in South Africa? Source StatsSA: Quarterly employment statistics (QES) June 2022 Short answer What is the average household income in South Africa? Statistics South Africa has published the latest Quarterly Employment Survey (QES) for the second quarter of 2022, showing what workers are getting paid across the various sectors in the country. These figures include the payment of bonuses and overtime. The formal non-agricultural sector saw a q... Back Full answer
Economy What is South Africa’s GDP per capita? Source The World Bank: GDP per capita (current US$) - South Africa Short answer What is South Africa’s GDP per capita? After two consecutive quarters of positive growth, real gross domestic product (GDP) decreased by 0.7% in the second quarter of 2022. The country's GDP per capita (nominal gross domestic product divided by the mid-year population) was US$6,994 in 2021. ... Back Full answer
Economy What region receives the largest share of African Export Import Bank (Afreximbank) loans? Source African Export-Import Bank: Half Year 2022 Results Presentation Short answer What region receives the largest share of African Export Import Bank (Afreximbank) loans? West Africa accounted for 42.9% of Afreximbank loans in the first half of 2022. The major beneficiaries of this support were the financial services and oil and gas sectors. The bank has stepped in to fill the financing gap created in the oil and gas sector following the withdrawal of international b... Back Full answer
Economy What is bitcoin and how does it work? Source What Is Bitcoin And How Does It Work? – Forbes Advisor Short answer What is bitcoin and how does it work? Bitcoin is a decentralised digital currency that you can buy, sell and exchange directly, without an intermediary like a bank. Each and every Bitcoin transaction that’s ever been made exists on a public ledger accessible to everyone, making transactions hard to reverse and difficult to fake. Core ... Back Full answer
Covid-19 Economy Sex & gender Were men or women more likely to lose a job during South Africa’s Covid-19 lockdown? Source Gender and the early effects of the Covid-19 crisis in the paid and unpaid economies in South Africa Short answer Were men or women more likely to lose a job during South Africa’s Covid-19 lockdown? The release of South Africa’s official unemployment numbers for the second quarter of 2020 (April to June) has been delayed. According to an analysis of National Income Dynamics Study – Coronavirus Rapid Mobile Survey data, women accounted for the bulk of net job losses. This is “because wo... Back Full answer
Economy What is the average household expenditure in South Africa? Source Living Conditions Survey 2014/15 (Statistics South Africa) Short answer What is the average household expenditure in South Africa? South Africans had an average household expenditure of R103,293 from October 2014 to October 2015.... Back Full answer