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
#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 How many people are employed in South Africa’s tourism sector? Source Department of Tourism: Annual Performance Plan 2022/2023 Short answer How many people are employed in South Africa’s tourism sector? According to the World Travel and Tourism Council estimates, in 2020, the travel and tourism sector (direct and indirect) contributed about 987,400 jobs in South Africa. This represents a decrease of about 32.4% (contributing 6.5% to total employment), compared to roughly 1.46 million jobs (8.9% sha... Back Full answer
Economy What is South Africa’s unemployment rate? Source StatsSA: Quarterly Labour Force Survey (QLFS) – Q2 2022 Short answer What is South Africa’s unemployment rate? Statistics South Africa's Quarterly Labour Force Survey put the official unemployment rate at 33.9% in the second quarter of 2022. These results indicate that 648,000 jobs were gained between the first quarter of 2022 and the second quarter of 2022. ... Back Full answer
Economy What is South Africa’s youth unemployment rate? Source StatsSA: Quarterly Labour Force Survey (QLFS) – Q2 2022 Short answer What is South Africa’s youth unemployment rate? The second quarter of 2022 saw the total number of unemployed youth (aged 15-34) increase by 2% (or 92,000) to 4.8 million from Q1 in 2022. ... 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
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