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Income distribution south africa 2019. Find all indicators on development. As the graph below shows over the past 21 years this indicator reached a maximum value of 5 60 in 2000 and a minimum value of 4 70 in 2005. Total us dollars capita. Net national income indicator.
Distribution of net oda indicator. Commodity prices remain important for south africa a major exporter of minerals and importer of oil. The value for income share held by second 20 in south africa was 4 80 as of 2014. Wages in south africa decreased to 21455 zar month in the second quarter of 2020 from 22387 zar month in the first quarter of 2020.
South africa suffers among the highest levels of inequality in the world when measured by the commonly used gini index. The world bank projects 2019 growth at 1 3 accelerating further to 1 7 in 2020. South africa income distribution income share held by second 20. Statistics south africa the south africa i know the.
Inequality manifests itself through a skewed income distribution unequal access to opportunities and regional disparities. Open access high quality wealth and income inequality data developed by an international academic consortium. South africa the source for global inequality data. From the bottom to the top of the distribution of income and wealth and also that span over much longer periods.
Given population growth gross domestic product gdp per capita growth has been close to nil since 2014 leaving little room to reduce poverty. An inequality trends report the first of its kind launched on november 14 2019 by statistics south africa stats sa and the south african labour and development research unit saldru at the. 10 668 total us dollars capita 2017 south africa us dollars capita. Six charts explain south africa s inequality.
Wages in south africa averaged 14015 98 zar month from 2004 until 2020 reaching an all time high of 22500 zar month in the fourth quarter of 2019 and a record low of 6742 zar month in the first quarter of 2005.
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