South Africa: Did You Know?
Did you know that South Africa ranks 7th in the world in the Economist’s “Big Mac Index” which measures global purchasing power parity? A Big Mac is 42% cheaper in South Africa than in the USA and 62% less than in Switzerland.
Some other interesting facts and statistics -
- Our annual budget process is rated the second most transparent in the world.
- In regard to burden of Government regulation – 123rd out of 144.
- South Africa’s debt to GDP ratio is 32% versus the USA 100%, Japan 200% and the UK 90%. The World Bank recommends a ratio of 60%.
- Looking at the total tax burden, we rate 54th out of 150 surveyed countries.
- We are in the top 20 countries for agricultural output. Despite all the problems we read about of violence against farmers, land claims and other challenges in the sector, agricultural output has increased by 32% since the early 1990s.
- South Africa is number 28 in terms of cars produced and 18th in terms of number of cars sold.
Provided by May and Company
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