SA economy vs The World - data and graphs

[Arthur]

Interesting summary of the main facts and figures on MoneyWeb here.

...So, without too much more ado, let me share with you the tables for this year. Note that these are all based on the full-year data for 2013 from the International Monetary Fund (the most recent full year for which there are data). This year I’ve included the previous two years’ data so that it’s easier to see trends. I’ve also switched up the countries I include, to focus more on South Africa’s actual peers, although I still include the UK and US because they make an interesting comparison on some of the dimensions.

Economic heft: GDP & growth

In economic terms, South Africa is not a very big country. Look at chart 1, which shows the GDP in dollar terms of the ten countries we’re looking at today. As you can see, South Africa is very small compared to most of these (with the exception of Malaysia, which is a little smaller than SA); interestingly, South Africa is significantly smaller than its BRICS peers...

...Overall, these charts paint a picture of South Africa as a small and unexciting economy, characterised by low growth, high unemployment, and lacklustre savings and investment. It’s not a great picture, but the numbers don’t lie.

 

[HavocXphere]

Chart 3 - check how PPP GDP and USD GDP trends for SA are departing from each other. Computer gear prices are going to keep sucking...

That gov debt is going to bite us. That level & trend would be fine on its own...but not with everything else thats going sideways (growth, inflation, unemployment, low savings, Eskom funding crisis, prez handing out free cash overseas & making promises, rating agencies talking about downgrades etc).

Could be worse though...unemployment aside most of those stats are "meh" rather than shocking.

 

[MickeyD]

Did they have to post Chart #9?

 

[Arthur]

Yeah. That's also the Crime one. Which is why policing alone can't fix it.

 

[kefrens]

.

 

[Arthur]

You've just called the unemployed criminals. There are plenty of poor people who are not immoral, its no excuse.

How so? Or do you think there is no connection between crime rate and unemployment rate?

 

[Magnum]

If we want to feel good on this Monday we should be compared to Zimbabwe.

 

[grok]

Did they have to post Chart #9?

But .. but .. it's the only one where we come out tops!!

 

[kefrens]

.

 

[w1z4rd]

There's a correlation but culture is the biggest factor. If we only had desperate survival crime I could accept it but instead we have huge amounts of violent indulgence.

I just feel that treating unemployment like causation for crime isn't acknowledging those who are very poor and suffer for their values despite tempation.

You can thank inequality for the violence. Its the number one driver. When you have large amounts of wealth next to large amounts of poverty, the violence always goes insane. There are no exceptions to this. When everyone is equally poor or a country has lower inequality, the violence decreases.

 

[kefrens]

.