Flag description:
two equal width horizontal bands of red (top) and blue separated by
a central green band which splits into a horizontal Y, the arms of
which end at the corners of the hoist side; the Y embraces a black
isosceles triangle from which the arms are separated by narrow
yellow bands; the red and blue bands are separated from the green
band and its arms by narrow white stripes
Economy South Africa
Economy - overview:
South Africa is a middle-income, emerging market with an abundant
supply of natural resources; well-developed financial, legal,
communications, energy, and transport sectors; a stock exchange that
ranks among the 10 largest in the world; and a modern infrastructure
supporting an efficient distribution of goods to major urban centers
throughout the region. However, growth has not been strong enough to
lower South Africa's high unemployment rate; and daunting economic
problems remain from the apartheid era, especially poverty and lack
of economic empowerment among the disadvantaged groups. High crime
and HIV/AIDS infection rates also deter investment. South African
economic policy is fiscally conservative, but pragmatic, focusing on
targeting inflation and liberalizing trade as means to increase job
growth and household income.
GDP:
purchasing power parity - $427.7 billion (2002 est.)
GDP - real growth rate:
3% (2002 est.)
GDP - per capita:
purchasing power parity - $10,000 (2002 est.)
GDP - composition by sector: agriculture: 4.4% industry: 28.9% services: 66.7% (2001)
Population below poverty line: 50% (2000 est.)
Household income or consumption by percentage share: lowest 10%: 1.1% highest 10%: 45.9% (1994)
Distribution of family income - Gini index:
59.3 (1993-94)