Australia vs South Africa: Economic Indicators Comparison

Australia with a GDP of $1.4T ranked the 13th largest economy in the world, while South Africa ranked 35th with $368.3B. By GDP 5-years average growth and GDP per capita, Australia and South Africa ranked 111th vs 151st and 13th vs 95th, respectively.

Gross Domestic Product & Income

StatAustraliaSouth Africa
GDP$1.4T$368.3B
GDP growth, 1 year2.8%0.8%
GDP growth, 5-years average2.6%1.1%
Population24.5M57.7M
GDP per capita$57k$6.4k
GDP per capita growth1.33%-0.57%
Purchasing Power Parity conversion factor1.436.16
Price level ratio of PPP conversion factor GDP to market exchange rate1.110.47
GDP per capita, PPP adjusted$52k$14k
GNI, Atlas method$1.3T$332.3B
GNI per capita$53k$5.8k
GNI, PPP adjusted$1.3T$765.8B
GNI per capita, PPP adjusted$50k$13k

Financial system and Human development

StatAustraliaSouth Africa
Income Tax Rate45%45%
Corporate Tax Rate30%28%
Inflation, consumer prices2%4.6%
Inflation, GDP deflator1.9%3.9%
Unemployment5.4%27%
Economic Freedom Index82.658.8
Personal Freedom Index9.296.92
Human Freedom Index8.736.78
Property Rights Index82.858.4
Judical Effectiveness Index86.138
Business Freedom Index87.862
Fiscal Health Index91.864
Labor Freedom Index8458.8
Investment Freedom Index8045
Financial Freedom Index9050
Trade Freedom Index88.275.8
Monetary Freedom Index86.275.9
Government Spending Index61.667.4
Tax Burden Index6363.7
Government Integrity Index89.346.6
Corruption Perceptions Index7743
Life expectancy at birth, years82.563.5
Suicide mortality rate, per 100,000 people13.211.6
Mortality caused by road traffic injury, per 100,000 people5.625.9
Intentional homicides, per 100,000 people0.835.9
International tourism, number of arrivals9.2M10.5M

Government debt & reserves

StatAustraliaSouth Africa
Central government debt, % of GDP40.7%56.7%
External debt stocks, % of GNIN/A50.6%
External debt stocksN/A$179.3B
Short-term debt, % of total reservesN/A70.9%
Total debt service, % of exports and primary incomeN/A19.9%
Adjusted net savings including particulate emission damage, % of GNI5.6%0.6%
Gross savings, % of GDP21.7%14.9%
Gross capital formation, % of GDP24.5%17.9%
Total reserves including gold$53.9B$51.6B
Foreign direct investment net inflows$60.3B$5.5B

Exports, imports and economic structure

StatAustraliaSouth Africa
Exports of goods and services, % of GDP21.8%29.9%
Imports of goods and services, % of GDP21.4%29.6%
Current account balance (balance of payments)-$29.7B-$13.4B
Revenue excluding grants, % of GDP25.7%30.9%
Grants excluding technical cooperation, BoPN/A$817.9M
Personal remittances received$1.9B$929M
Industry including construction value added, % of GDP24.1%25.9%
Agriculture, forestry and fishing value added, % of GDP2.5%2.2%
Charges for the use of intellectual property, payments BoP$3.6B$1.8B
Charges for the use of intellectual property, receipts BoP$973.4M$120.7M
Expense, % of GDP26.1%34.4%
Government Expenditure, % of GDP35.8%33%

Compare with countries close by GDP per capita

Australia vs

CountryGDP
per capita
Population
Liechtenstein
$165k
37.9k
Luxembourg
$117k
626k
Switzerland
$83k
8.47M
Norway
$82k
5.37M
Cayman Islands
$81k
58.4k
Ireland
$79k
4.76M
Iceland
$73k
357k
Qatar
$69k
2.64M
Singapore
$65k
5.89M
United States
$63k
325M
Denmark
$61k
5.83M
Sweden
$55k
10.3M
Netherlands
$53k
17.3M
Austria
$51k
8.81M
Finland
$50k
5.5M
San Marino
$48k
33.4k
Germany
$48k
83.1M
Belgium
$48k
11.4M
Canada
$46k
37.9M
United Arab Emirates
$43k
9.4M
United Kingdom
$43k
66M
Andorra
$42k
76.2k
New Zealand
$42k
4.94M
Israel
$42k
9.09M
France
$41k
66.6M
Japan
$39k
127M
Italy
$34k
60.3M
Kuwait
$34k
4.6M
Bahamas
$32k
395k
Brunei
$32k
429k

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