Economy How many people are employed in South Africa’s tourism sector? Source Tourism Quarterly Performance Report (Statistics South Africa) Short answer How many people are employed in South Africa’s tourism sector? From January to March 2020, some 2,906,779 South African jobs were created by tourism-related industries. This figure is an increase of 1,7% (49,017) in total jobs created by the tourism-related industries when compared to January-March 2019.Note: Previous quarterly performance reports provided esti... Back Full answer
Economy What is South Africa’s unemployment rate? Source Quarterly Labour Force Survey Quarter 4: 2020 (Statistics South Africa) Short answer What is South Africa’s unemployment rate? The official unemployment rate increased by 1.7% to 32.5% in the fourth quarter of 2020 compared to 30.8% in the third quarter of 2020. Related: Frequently asked questions about jobs in South Africa ... Back Full answer
Economy What is South Africa’s youth unemployment rate? Source Quarterly Labour Force Survey Quarter 4: 2020 (Statistics South Africa) Short answer What is South Africa’s youth unemployment rate? In the fourth quarter of 2020, the official unemployment rate for young people (aged 15–24 years) was 63.2%, a 1.9% increase from 61.3% in the third quarter of 2020. Related: Is youth unemployment in South Africa among the highest in the world? ... Back Full answer
FEATURED Economy What is South Africa’s GDP per capita? Source International Monetary Fund: World Economic Outlook (South Africa) Short answer What is South Africa’s GDP per capita? The country's GDP per capita (nominal gross domestic product divided by the mid-year population) was US$4,740 in 2020. The economy slumped by 7% compared with 2019. This is the biggest annual fall in economic activity the country has seen since at least 1946. Related: Still misleading t... Back Full answer
#YouAsked Economy What is South Africa’s Gini coefficient? Source World Bank Short answer What is South Africa’s Gini coefficient? The Gini coefficient isa 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... 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 income in South Africa? Source Living Conditions Survey 2014/15 (Statistics South Africa) Short answer What is the average household income in South Africa? South African households had an average annual income of R138,168 in 2015. On average, male-headed households had a higher income than female-headed households.See a breakdown of the sources of household income here.... 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