South African Income Distribution Statistics 2019

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.

South african income distribution statistics 2019. Although south africa is known for its extreme income inequality the degree of wealth inequality is even greater. Inflation adjusted national poverty lines 2006 to 2019 per person per month in rands year food poverty line fpl lower bound poverty line lbpl upper bound poverty line ubpl 2006 219 370 575 2007 237 396 613 2008 274 447 682 2009 318 456 709. The september 2019 quarterly employment statistics qes survey showed that an estimated 10 142 000 people were employed in the formal non agricultural sector of the south african economy which is down by 28 000 from 10 170 000 in the read more. This page provides south africa total quarterly.

In 2019 south african households had an average disposable income of about 34 037 south african rand. However the unemployment rate difference between. Open access high quality wealth and income inequality data developed by an international academic consortium. The bottom 40 percent of the population holds 7 percent of income compared to 16 percent for other emerging markets.

The top 20 percent of the population holds over 68 percent of income compared to a median of 47 percent for similar emerging markets. Statistics south africa 4 p0310 1 national poverty lines 2019 table 2. From the bottom to the top of the distribution of income and wealth and also that span over much longer periods. 3 annex i provides a summary descript ion of the micro data used in th e remainder of this end subsequent ch apters.

New tax and survey data suggest that 10 of the population own at least 90 95 of all assets in contrast to their earning only about 55 60 percent of all income. 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. Own calculations on 2004 general household survey statistics south africa. South africa the source for global inequality data.

Income distribution remains highly skewed.