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The Philippines vs South Africa: Economic Indicators Comparison

South Africa with a GDP of $368.3B ranked the 35th largest economy in the world, while the Philippines ranked 40th with $330.9B. By GDP 5-years average growth and GDP per capita, South Africa and the Philippines ranked 151st vs 21st and 95th vs 134th, respectively.

Gross Domestic Product & Income

StatPhilippinesSouth Africa
GDP$330.9B$368.3B
GDP growth, 1 year6.2%0.8%
GDP growth, 5-years average6.4%1.1%
Population101M57.7M
GDP per capita$3.1k$6.4k
GDP per capita growth4.77%-0.57%
Purchasing Power Parity conversion factor18.256.16
Price level ratio of PPP conversion factor GDP to market exchange rate0.350.47
GDP per capita, PPP adjusted$8.9k$14k
GNI, Atlas method$408.8B$332.3B
GNI per capita$3.8k$5.8k
GNI, PPP adjusted$1.1T$765.8B
GNI per capita, PPP adjusted$11k$13k

Financial system and Human development

StatPhilippinesSouth Africa
Income Tax Rate35%45%
Corporate Tax Rate30%28%
Inflation, consumer prices5.2%4.6%
Inflation, GDP deflator3.8%3.9%
Unemployment2.5%27%
Economic Freedom Index64.558.8
Personal Freedom Index7.066.92
Human Freedom Index6.926.78
Property Rights Index54.658.4
Judical Effectiveness Index34.238
Business Freedom Index59.562
Fiscal Health Index96.364
Labor Freedom Index57.458.8
Investment Freedom Index6045
Financial Freedom Index6050
Trade Freedom Index81.675.8
Monetary Freedom Index66.975.9
Government Spending Index87.967.4
Tax Burden Index76.763.7
Government Integrity Index38.746.6
Corruption Perceptions Index3643
Life expectancy at birth, years7163.5
Suicide mortality rate, per 100,000 people3.211.6
Mortality caused by road traffic injury, per 100,000 people12.325.9
Intentional homicides, per 100,000 people8.435.9
International tourism, number of arrivals7.2M10.5M

Government debt & reserves

StatPhilippinesSouth Africa
Central government debt, % of GDP39.6%56.7%
External debt stocks, % of GNI19.9%50.6%
External debt stocks$78.8B$179.3B
Short-term debt, % of total reserves20.3%70.9%
Total debt service, % of exports and primary income8.7%19.9%
Adjusted net savings including particulate emission damage, % of GNI28.5%0.6%
Gross savings, % of GDP42.4%14.9%
Gross capital formation, % of GDP26.9%17.9%
Total reserves including gold$79.2B$51.6B
Foreign direct investment net inflows$9.8B$5.5B

Exports, imports and economic structure

StatPhilippinesSouth Africa
Exports of goods and services, % of GDP31.7%29.9%
Imports of goods and services, % of GDP44.4%29.6%
Current account balance (balance of payments)-$8.7B-$13.4B
Revenue excluding grants, % of GDP16.3%30.9%
Grants excluding technical cooperation, BoP$436.5M$817.9M
Personal remittances received$33.8B$929M
Industry including construction value added, % of GDP30.7%25.9%
Agriculture, forestry and fishing value added, % of GDP9.3%2.2%
Charges for the use of intellectual property, payments BoP$917M$1.8B
Charges for the use of intellectual property, receipts BoP$44.1M$120.7M
Expense, % of GDP14.9%34.4%
Government Expenditure, % of GDP20.1%33%

Compare with countries close by GDP per capita

Philippines vs

CountryGDP
per capita
Population
Algeria
$4.1k
41.3M
Sri Lanka
$4.1k
21.4M
El Salvador
$4.1k
6.34M
Indonesia
$3.9k
264M
Marshall Islands
$3.8k
52.6k
Tuvalu
$3.7k
9.88k
Cape Verde
$3.6k
546k
Bolivia
$3.5k
11.1M
Tunisia
$3.4k
11.6M
Angola
$3.4k
29.8M
Bhutan
$3.2k
754k
Morocco
$3.2k
36M
Moldova
$3.2k
2.55M
Palestine
$3.2k
4.68M
Vanuatu
$3.1k
276k
Ukraine
$3.1k
42.6M
Djibouti
$3.1k
850k
Papua New Guinea
$2.7k
7.32M
Vietnam
$2.6k
94.7M
Egypt
$2.5k
94.8M
Laos
$2.5k
6.77M
Honduras
$2.5k
8.1M
Ghana
$2.2k
28.3M
Congo
$2.1k
5.26M
Zimbabwe
$2.1k
14.1M
Solomon Islands
$2.1k
561k
East Timor
$2k
1.18M
Syria
$2k
19.8M
Nicaragua
$2k
6.22M
Nigeria
$2k
191M

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
Colombia
$6.7k
49.1M
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