Armenia vs South Africa: Economic Indicators Comparison

South Africa with a GDP of $368.3B ranked the 35th largest economy in the world, while Armenia ranked 136th with $12.4B. By GDP 5-years average growth and GDP per capita, South Africa and Armenia ranked 151st vs 56th and 95th vs 115th, respectively.

Gross Domestic Product & Income

StatArmeniaSouth Africa
GDP$12.4B$368.3B
GDP growth, 1 year5%0.8%
GDP growth, 5-years average3.9%1.1%
Population2.9M57.7M
GDP per capita$4.2k$6.4k
GDP per capita growth4.95%-0.57%
Purchasing Power Parity conversion factor196.696.16
Price level ratio of PPP conversion factor GDP to market exchange rate0.410.47
GDP per capita, PPP adjusted$10k$14k
GNI, Atlas method$12.5B$332.3B
GNI per capita$4.2k$5.8k
GNI, PPP adjusted$30.9B$765.8B
GNI per capita, PPP adjusted$10k$13k

Financial system and Human development

StatArmeniaSouth Africa
Income Tax Rate26%45%
Corporate Tax Rate20%28%
Inflation, consumer prices2.5%4.6%
Inflation, GDP deflator2.6%3.9%
Unemployment17.7%27%
Economic Freedom Index70.658.8
Personal Freedom Index7.216.92
Human Freedom Index7.426.78
Property Rights Index60.758.4
Judical Effectiveness Index54.138
Business Freedom Index8162
Fiscal Health Index68.864
Labor Freedom Index72.558.8
Investment Freedom Index7545
Financial Freedom Index7050
Trade Freedom Index80.675.8
Monetary Freedom Index7675.9
Government Spending Index80.667.4
Tax Burden Index84.963.7
Government Integrity Index43.446.6
Corruption Perceptions Index3543
Life expectancy at birth, years74.863.5
Suicide mortality rate, per 100,000 people6.611.6
Mortality caused by road traffic injury, per 100,000 people17.125.9
Intentional homicides, per 100,000 people2.435.9
International tourism, number of arrivals1.7M10.5M

Government debt & reserves

StatArmeniaSouth Africa
Central government debt, % of GDP48.5%56.7%
External debt stocks, % of GNI87.5%50.6%
External debt stocks$11B$179.3B
Short-term debt, % of total reserves50.2%70.9%
Total debt service, % of exports and primary income29.9%19.9%
Adjusted net savings including particulate emission damage, % of GNI1.5%0.6%
Gross savings, % of GDP13.6%14.9%
Gross capital formation, % of GDP22.4%17.9%
Total reserves including gold$2.3B$51.6B
Foreign direct investment net inflows$254.1M$5.5B

Exports, imports and economic structure

StatArmeniaSouth Africa
Exports of goods and services, % of GDP37.8%29.9%
Imports of goods and services, % of GDP53.5%29.6%
Current account balance (balance of payments)-$1.2B-$13.4B
Revenue excluding grants, % of GDP22.5%30.9%
Grants excluding technical cooperation, BoP$111.9M$817.9M
Personal remittances received$1.5B$929M
Industry including construction value added, % of GDP25%25.9%
Agriculture, forestry and fishing value added, % of GDP13.7%2.2%
Charges for the use of intellectual property, payments BoPN/A$1.8B
Charges for the use of intellectual property, receipts BoPN/A$120.7M
Expense, % of GDP22.1%34.4%
Government Expenditure, % of GDP25.4%33%

Compare with countries close by GDP per capita

Armenia vs

CountryGDP
per capita
Population
North Macedonia
$6.1k
2.08M
Bosnia and Herzegovina
$6.1k
3.51M
Namibia
$5.9k
2.53M
Iraq
$5.8k
38.3M
Paraguay
$5.8k
6.81M
Iran
$5.6k
80M
Jamaica
$5.4k
2.89M
Albania
$5.3k
3.02M
Guyana
$5k
778k
Belize
$4.9k
375k
Azerbaijan
$4.7k
10M
Georgia
$4.7k
3.72M
Guatemala
$4.5k
17.3M
Tonga
$4.4k
108k
Jordan
$4.2k
10.4M
Samoa
$4.2k
196k
Eswatini
$4.1k
1.37M
Mongolia
$4.1k
3.08M
Algeria
$4.1k
41.3M
Sri Lanka
$4.1k
21.4M
El Salvador
$4.1k
6.42M
Indonesia
$3.9k
264M
Marshall Islands
$3.8k
53.1k
Tuvalu
$3.7k
11.2k
Cape Verde
$3.6k
546k
Bolivia
$3.5k
11.1M
Tunisia
$3.4k
11.6M
Angola
$3.4k
29.8M
Bhutan
$3.2k
808k
Morocco
$3.2k
36M

South Africa vs

CountryGDP
per capita
Population
Brazil
$8.9k
210M
Montenegro
$8.8k
622k
Cuba
$8.8k
11.5M
Lebanon
$8.3k
6.1M
Botswana
$8.3k
2.29M
Dominican Republic
$8.1k
10.4M
Gabon
$8k
2.03M
Dominica
$7.7k
73.9k
Saint Vincent
$7.4k
110k
Thailand
$7.3k
65.9M
Serbia
$7.2k
7.02M
Libya
$7.2k
6.68M
Turkmenistan
$7k
5.85M
Peru
$6.9k
29.4M
Colombia
$6.7k
49.1M
Ecuador
$6.3k
16.6M
Belarus
$6.3k
9.41M
Fiji
$6.3k
906k
Suriname
$6.2k
563k
North Macedonia
$6.1k
2.08M
Bosnia and Herzegovina
$6.1k
3.51M
Namibia
$5.9k
2.53M
Iraq
$5.8k
38.3M
Paraguay
$5.8k
6.81M
Iran
$5.6k
80M
Jamaica
$5.4k
2.89M
Albania
$5.3k
3.02M
Guyana
$5k
778k
Belize
$4.9k
375k
Azerbaijan
$4.7k
10M