Skip to content

Colombia vs South Africa: Economic Indicators Comparison

South Africa with a GDP of $368.3B ranked the 35th largest economy in the world, while Colombia ranked 39th with $331B. By GDP 5-years average growth and GDP per capita, South Africa and Colombia ranked 151st vs 101st and 95th vs 94th, respectively.

Gross Domestic Product & Income

StatColombiaSouth Africa
GDP$331B$368.3B
GDP growth, 1 year2.7%0.8%
GDP growth, 5-years average2.8%1.1%
Population49.1M57.7M
GDP per capita$6.7k$6.4k
GDP per capita growth1.02%-0.57%
Purchasing Power Parity conversion factor1312.746.16
Price level ratio of PPP conversion factor GDP to market exchange rate0.440.47
GDP per capita, PPP adjusted$15k$14k
GNI, Atlas method$306.9B$332.3B
GNI per capita$6.2k$5.8k
GNI, PPP adjusted$718.9B$765.8B
GNI per capita, PPP adjusted$14k$13k

Financial system and Human development

StatColombiaSouth Africa
Income Tax Rate39%45%
Corporate Tax Rate33%28%
Inflation, consumer prices3.2%4.6%
Inflation, GDP deflator3.7%3.9%
Unemployment9.1%27%
Economic Freedom Index69.258.8
Personal Freedom Index6.936.92
Human Freedom Index6.786.78
Property Rights Index61.158.4
Judical Effectiveness Index32.838
Business Freedom Index71.362
Fiscal Health Index85.564
Labor Freedom Index7858.8
Investment Freedom Index8045
Financial Freedom Index7050
Trade Freedom Index81.275.8
Monetary Freedom Index77.575.9
Government Spending Index7767.4
Tax Burden Index70.463.7
Government Integrity Index46.146.6
Corruption Perceptions Index3643
Life expectancy at birth, years76.963.5
Suicide mortality rate, per 100,000 people7.211.6
Mortality caused by road traffic injury, per 100,000 people18.525.9
Intentional homicides, per 100,000 people24.935.9
International tourism, number of arrivals3.9M10.5M

Government debt & reserves

StatColombiaSouth Africa
Central government debt, % of GDP50.5%56.7%
External debt stocks, % of GNI42.3%50.6%
External debt stocks$134.9B$179.3B
Short-term debt, % of total reserves31.5%70.9%
Total debt service, % of exports and primary income40.8%19.9%
Adjusted net savings including particulate emission damage, % of GNI2.8%0.6%
Gross savings, % of GDP15.1%14.9%
Gross capital formation, % of GDP21.2%17.9%
Total reserves including gold$47.9B$51.6B
Foreign direct investment net inflows$11.5B$5.5B

Exports, imports and economic structure

StatColombiaSouth Africa
Exports of goods and services, % of GDP15.9%29.9%
Imports of goods and services, % of GDP20.8%29.6%
Current account balance (balance of payments)-$13B-$13.4B
Revenue excluding grants, % of GDP22.9%30.9%
Grants excluding technical cooperation, BoP$741.3M$817.9M
Personal remittances received$6.4B$929M
Industry including construction value added, % of GDP26.7%25.9%
Agriculture, forestry and fishing value added, % of GDP6.3%2.2%
Charges for the use of intellectual property, payments BoP$471.4M$1.8B
Charges for the use of intellectual property, receipts BoP$105.6M$120.7M
Expense, % of GDP25.3%34.4%
Government Expenditure, % of GDP27.7%33%

Compare with countries close by GDP per capita

Colombia vs

CountryGDP
per capita
Population
Bulgaria
$9.3k
7.27M
Brazil
$8.9k
208M
Montenegro
$8.8k
622k
Cuba
$8.8k
11.3M
Lebanon
$8.3k
4.47M
Botswana
$8.3k
2.02M
Dominican Republic
$8.1k
10.4M
Gabon
$8k
1.67M
Dominica
$7.7k
72k
Saint Vincent
$7.4k
109k
Thailand
$7.3k
65.9M
Serbia
$7.2k
7.02M
Libya
$7.2k
5.66M
Turkmenistan
$7k
5.13M
Peru
$6.9k
30.4M
Ecuador
$6.3k
15.7M
Belarus
$6.3k
9.49M
Fiji
$6.3k
881k
Suriname
$6.2k
539k
North Macedonia
$6.1k
2.08M
Bosnia and Herzegovina
$6.1k
3.51M
Namibia
$5.9k
2.3M
Iraq
$5.8k
33.4M
Paraguay
$5.8k
6.8M
Iran
$5.6k
77.4M
Jamaica
$5.4k
2.89M
Albania
$5.3k
3.02M
Guyana
$5k
800k
Belize
$4.9k
375k
Azerbaijan
$4.7k
10M

South Africa vs

CountryGDP
per capita
Population
Brazil
$8.9k
208M
Montenegro
$8.8k
622k
Cuba
$8.8k
11.3M
Lebanon
$8.3k
4.47M
Botswana
$8.3k
2.02M
Dominican Republic
$8.1k
10.4M
Gabon
$8k
1.67M
Dominica
$7.7k
72k
Saint Vincent
$7.4k
109k
Thailand
$7.3k
65.9M
Serbia
$7.2k
7.02M
Libya
$7.2k
5.66M
Turkmenistan
$7k
5.13M
Peru
$6.9k
30.4M
Ecuador
$6.3k
15.7M
Belarus
$6.3k
9.49M
Fiji
$6.3k
881k
Suriname
$6.2k
539k
North Macedonia
$6.1k
2.08M
Bosnia and Herzegovina
$6.1k
3.51M
Namibia
$5.9k
2.3M
Iraq
$5.8k
33.4M
Paraguay
$5.8k
6.8M
Iran
$5.6k
77.4M
Jamaica
$5.4k
2.89M
Albania
$5.3k
3.02M
Guyana
$5k
800k
Belize
$4.9k
375k
Azerbaijan
$4.7k
10M
Georgia
$4.7k
3.72M