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Economy of South Africa vs Yemen compared: GDP & Debt

Updated on by Georank team

South Africa has a GDP of $401B compared to $21.6B for Yemen, ranking 40/197 and 125/197 by economy size, respectively.

South Africa has $305B in government debt (76% of GDP), compared to $18.8B (70.9% of GDP) in Yemen.

South Africa vs Yemen GDP by year

South Africa
Yemen
1x
Year GDP, current $
South Africa Yemen
2024 $401,144,998,374 -
2023 $381,440,724,491 -
2022 $407,596,043,068 -
2021 $419,986,284,375 -
2020 $337,974,655,408 -
2019 $389,330,032,224 -
2018 $405,260,723,893 $21,606,160,663
2017 $381,448,814,653 $26,842,229,045
2016 $323,585,509,674 $31,317,825,274
2015 $346,709,790,459 $42,444,490,074
2014 $381,198,869,776 $43,228,585,321
2013 $400,886,013,596 $40,415,233,436
2012 $434,400,545,086 $35,401,331,610
2011 $458,199,494,831 $32,726,417,878
2010 $417,363,822,802 $30,906,749,533
2009 $329,754,060,647 $25,130,278,213
2008 $316,131,258,616 $26,910,855,807
2007 $333,077,117,254 $21,650,528,674
2006 $303,858,675,364 $19,063,143,370
2005 $288,867,217,197 $16,731,566,717
2004 $255,806,908,595 $13,867,634,371
2003 $197,018,965,309 $11,777,532,662
2002 $129,087,556,612 $10,693,430,511
2001 $135,429,905,923 $9,852,990,693
2000 $151,752,757,215 $9,679,316,770
1999 $151,516,957,079 $7,639,325,296
1998 $152,982,984,557 $6,322,175,566
1997 $168,978,057,328 $6,838,298,531
1996 $163,234,925,381 $6,496,163,616
1995 $171,735,933,897 $12,796,345,679
1994 $153,512,712,382 $28,019,483,764
1993 $147,194,747,566 $21,736,802,664
1992 $146,956,150,987 $17,959,367,194
1991 $135,203,698,238 $14,665,445,462
1990 $126,048,140,142 $12,643,821,569
1989 $108,055,624,082 -
1988 $103,976,831,871 -
1987 $96,535,763,418 -
1986 $73,354,771,399 -
1985 $64,459,376,087 -
1984 $84,870,163,366 -
1983 $96,204,110,942 -
1982 $85,904,057,409 -
1981 $93,141,472,164 -
1980 $89,411,864,402 -
1979 $63,038,658,089 -
1978 $51,607,412,902 -
1977 $45,328,411,332 -
1976 $41,150,460,288 -
1975 $42,906,905,672 -
1974 $41,389,186,095 -
1973 $33,262,772,008 -
1972 $24,515,919,217 -
1971 $23,411,076,638 -
1970 $21,218,391,513 -
1969 $19,256,992,297 -
1968 $17,124,793,150 -
1967 $15,821,393,671 -
1966 $14,211,394,315 -
1965 $13,068,994,772 -
1964 $11,955,995,218 -
1963 $10,854,195,658 -
1962 $9,813,996,074 -
1961 $9,225,996,310 -
1960 $8,748,596,501 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/south-africa/yemen | CC BY

GDP per capita in South Africa vs Yemen by year

South Africa
GDP per capita

GDP per capita, PPP
Yemen
GDP per capita

GDP per capita, PPP
1x
Year Current $
South Africa Yemen
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $6,267 $15,456 - -
2023 $6,034 $15,200 - -
2022 $6,534 $14,749 - -
2021 $6,829 $13,682 - -
2020 $5,581 $12,671 - -
2019 $6,534 $13,361 - -
2018 $6,914 $13,347 $634 -
2017 $6,618 $13,738 $811 -
2016 $5,651 $13,519 $975 -
2015 $6,112 $13,398 $1,362 -
2014 $6,857 $13,359 $1,430 -
2013 $7,332 $13,369 $1,379 $3,164
2012 $8,077 $12,987 $1,245 $3,005
2011 $8,646 $13,143 $1,186 $3,113
2010 $7,973 $12,637 $1,155 $3,603
2009 $6,375 $12,261 $969 $3,411
2008 $6,185 $12,525 $1,072 $3,370
2007 $6,592 $12,047 $890 $3,294
2006 $6,077 $11,250 $810 $3,205
2005 $5,837 $10,441 $734 $3,113
2004 $5,221 $9,714 $628 $2,949
2003 $4,062 $9,139 $549 $2,844
2002 $2,688 $8,792 $513 $2,768
2001 $2,847 $8,428 $487 $2,702
2000 $3,218 $8,095 $493 $2,624
1999 $3,242 $7,667 $401 $2,492
1998 $3,310 $7,463 $343 $2,442
1997 $3,700 $7,433 $383 $2,351
1996 $3,618 $7,208 $375 $2,268
1995 $3,856 $6,875 $764 $2,201
1994 $3,489 $6,611 $1,735 $2,115
1993 $3,400 $6,375 $1,397 $2,013
1992 $3,462 $6,275 $1,198 $1,963
1991 $3,243 $6,383 $1,016 $1,843
1990 $3,093 $6,382 $910 $1,742
1989 $2,727 - - -
1988 $2,702 - - -
1987 $2,586 - - -
1986 $2,027 - - -
1985 $1,839 - - -
1984 $2,504 - - -
1983 $2,938 - - -
1982 $2,717 - - -
1981 $3,050 - - -
1980 $3,029 - - -
1979 $2,202 - - -
1978 $1,852 - - -
1977 $1,671 - - -
1976 $1,559 - - -
1975 $1,670 - - -
1974 $1,656 - - -
1973 $1,369 - - -
1972 $1,038 - - -
1971 $1,020 - - -
1970 $952 - - -
1969 $891 - - -
1968 $817 - - -
1967 $779 - - -
1966 $722 - - -
1965 $685 - - -
1964 $646 - - -
1963 $605 - - -
1962 $563 - - -
1961 $546 - - -
1960 $532 - - -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/south-africa/yemen | CC BY

South Africa's GDP per capita is $6,267, ranking 111/197, compared to $634 in Yemen, ranking 191/197. Adjusted for purchasing power (GDP per capita PPP), South Africa ranks 112th at $15,456, while Yemen ranks 178th at $3,164.

Economic indicators

South Africa Yemen
Gross domestic product
$401B
2024
$21.6B
2018
GDP rank
40/197
2024
125/197
2018
GDP growth
0.53%
2023-2024
0.75%
2017-2018
GDP per capita
$6,267
2024
$634
2018
GDP per capita rank
111/197
2024
191/197
2018
GDP per capita, PPP
$15,456
2024
$3,164
2013
GDP per capita PPP rank
112/197
2024
178/197
2013
Government debt
$305B
2024
$18.8B
2018
Debt-to-GDP ratio
76%
2024
70.9%
2024
Government debt per person
$4,761
2024
$551
2018
Government debt per person rank
83/185
2024
165/185
2018
Average annual personal income after taxes
$15,431
2026
$1,127
2026
Market capitalization of domestic companies
$986B
2024
n/a
Number of millionaires
90,595
2025
n/a
Number of billionaires
7
2025
n/a
Income share by richest 10%
50.5%
2014
29.4%
2014
Income share by poorest 10%
0.9%
2014
3%
2014
Government expenditure, % of GDP
33%
2024
8.91%
2024
Consumer prices inflation
4.36%
2023-2024
33.9%
2023-2024
Central bank interest rate
6.75%
2025
n/a
Unemployment rate
32.3%
2024
13.5%
2014
Population
65683993
43325643

Spending and national debt comparison by year

South Africa
Spending

Debt
Yemen
Spending

Debt
1x
Year % of GDP
South Africa Yemen
Government spending Government debt Government spending Government debt
2024 33% 76% 8.91% 70.9%
2023 32.5% 73.2% 11.8% 77.9%
2022 31.9% 70.7% 12.2% 65.3%
2021 32.7% 68.8% 8.22% 75.9%
2020 34.6% 68.9% 10.6% 87%
2019 31.4% 56.1% 13.2% 91.5%
2018 30.2% 51.5% 14.3% 86.9%
2017 29.9% 48.6% 8.39% 83.8%
2016 29.9% 47.1% 16.1% 76.5%
2015 30.2% 45.2% 19.4% 57.7%
2014 29.3% 43.3% 27.8% 48.9%
2013 28.9% 40.4% 30.8% 48.4%
2012 28.6% 37.4% 36.2% 47.6%
2011 28.1% 34.7% 29.8% 45.7%
2010 28.3% 31.2% 30.2% 42.4%
2009 28.5% 27% 35.2% 49.8%
2008 26% 24% 41.2% 36.4%
2007 24.4% 24.3% 40.3% 40.4%
2006 24.7% 28% 37.4% 40.8%
2005 25.1% 29.6% 36.8% 43.8%
2004 22.7% 30.7% 34.2% 52.1%
2003 22.6% 31.5% 35.3% 56.8%
2002 22.2% 31.8% 30.8% 57.8%
2001 22.6% 38% 30.5% 60.6%
2000 22.6% 37.9% 31.7% 60.8%
1999 26.7% 45.9% 28.2% 96.1%
1998 27.1% 45.8% 34.3% 110.6%
1997 27.9% 45.8% 34.2% 74.2%
1996 28.5% 44.3% 30.7% 114.9%
1995 27.2% 47% 24.1% 84.1%
1994 31.3% 46.4% 25.2% 73.3%
1993 29.1% 39.8% 25.8% 76.7%
1992 29.8% 34.8% 24.6% 78%
1991 27.8% 34.7% 24.7% 82.7%
1990 28.7% 31.8% 26.6% 91.6%
1989 29.6% 33.3% - -
1988 23.9% 30.6% - -
1987 28% 33.5% - -
1986 27.8% 32.5% - -
1985 26.8% 26.3% - -
1984 25.2% 23.2% - -
1983 25.1% 28.7% - -
1982 23.8% 31.3% - -
1981 23.3% 27.4% - -
1980 21.8% 33.3% - -
1979 26.5% 41.9% - -
1978 26.8% 44.7% - -
1977 27.3% 45.3% - -
1976 23% 35% - -
1975 21.2% 32.8% - -
1974 19.1% 33.7% - -
1973 21% 38.2% - -
1972 22.9% 41.1% - -
1971 19.9% 41.1% - -
1970 20% 43.3% - -
1969 18.8% 44.4% - -
1968 19.4% 42.7% - -
1967 18.8% 41.1% - -
1966 18.3% 41.4% - -
1965 18.2% 42.7% - -
1964 11.3% 30% - -
1963 15.9% 43.4% - -
1962 15.9% 45.7% - -
1961 15.7% 52.8% - -
1960 16.7% 52.9% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1999, retrieved 2026-02-20).

GeoRank.org/economy/south-africa/yemen | CC BY

In 2024, South Africa's government spending was $132B, accounting for 33% of its GDP, while Yemen spent $3.08B, or 8.91% of GDP.

Debt-to-GDP ratio is 76% in South Africa and 70.9% in Yemen, ranking 48/185 and 55/185, respectively.

Government deficit by year

Deficit/surplus
South Africa

Yemen
1x
Year Deficit/surplus, % of GDP
South Africa Yemen
2024 -5.79% -2.48%
2023 -5.55% -5.63%
2022 -4.25% -2.15%
2021 -5.54% -0.89%
2020 -9.62% -4.3%
2019 -5.07% -5.89%
2018 -3.73% -7.85%
2017 -4.02% -4.9%
2016 -3.72% -8.51%
2015 -4.37% -8.75%
2014 -3.93% -4.14%
2013 -3.9% -6.9%
2012 -4.04% -6.32%
2011 -3.7% -4.51%
2010 -4.51% -4.06%
2009 -4.67% -10.2%
2008 -0.49% -4.53%
2007 1.22% -7.18%
2006 0.81% 1.19%
2005 -0.1% -1.82%
2004 -1.04% -2.15%
2003 -1.59% -4.2%
2002 -0.96% -0.56%
2001 -1.02% 2.79%
2000 -1.38% 6.09%
1999 -2.21% 0.06%
1998 -2.56% -7.77%
1997 -4.08% -1.5%
1996 -4.53% -0.92%
1995 -4.38% -5.74%
1994 -8.09% -14%
1993 -8.54% -12.8%
1992 -7.09% -10.9%
1991 -4.85% -5.76%
1990 -3.82% -10.3%
1989 -8.3% -
1988 -3.29% -
1987 -6.36% -
1986 -5.69% -
1985 -4.86% -
1984 -5.24% -
1983 -5.3% -
1982 -3.88% -
1981 -3.72% -
1980 -1.91% -
1979 -4.65% -
1978 -5.42% -
1977 -5.52% -
1976 -4.19% -
1975 -2.62% -
1974 -1.5% -
1973 -4.54% -
1972 -5.39% -
1971 -1.96% -
1970 -3.19% -
1969 -3.94% -
1968 -3.38% -
1967 -3.8% -
1966 -3.04% -
1965 -3.15% -
1964 -1.19% -
1963 -2.26% -
1962 -1.4% -
1961 -3.25% -
1960 -2.36% -
1959 -4.4% -
1958 -3.5% -
1957 -2.8% -
1956 -2.12% -
1955 -2.9% -
1954 -2.53% -
1953 -3.72% -
1952 -4.14% -
1951 -0.4% -
1950 -2.33% -
1949 -6.87% -
1948 -6.03% -
1947 -1.82% -
1946 -4.03% -
1945 -7.41% -
1944 -8.94% -
1943 -8.49% -
1942 -9.08% -
1941 -7.3% -
1940 -10.9% -
1939 -2.96% -
1938 -3.91% -
1937 -2.16% -
1936 -2.58% -
1935 -3.2% -
1934 -3.29% -
1933 -3.31% -
1932 -4.72% -
1931 -5.31% -
1930 -5.19% -
1929 -4.41% -
1928 -3.29% -
1927 -3.79% -
1926 -4.76% -
1925 -4.92% -
1924 -4.72% -
1923 -5.53% -
1922 -4.51% -
1921 -5.38% -
1920 -5.52% -
1919 -2.6% -
1918 -3.7% -
1917 -3.52% -
1916 -2.57% -
1915 -10.7% -
1914 -11.6% -
1913 -4.15% -

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1913–1999, retrieved 2026-02-20); International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

GeoRank.org/economy/south-africa/yemen | CC BY

In 2018, South Africa's government deficit, the difference between spending and revenue, was $15.1B, equivalent to 3.73% of GDP. This compares to Yemen's deficit of $1.7B, or 7.85% of GDP.

Over the past 29 years, South Africa recorded a fiscal deficit in 27 of those years, while Yemen ran a deficit in 25 years. On average, South Africa posted an annual deficit equal to 3.29% of GDP, compared to deficit of 5.04% of GDP for Yemen.

Inflation comparison by year

Inflation
South Africa

Yemen
1x
Year Consumer prices inflation
South Africa Yemen
2024 4.36% 33.9%
2023 6.08% 0.9%
2022 7.04% 29.5%
2021 4.62% 31.5%
2020 3.23% 21.7%
2019 4.1% 15.7%
2018 4.51% 33.6%
2017 5.19% 30.4%
2016 6.6% 21.3%
2015 4.52% 22%
2014 6.13% 8.2%
2013 5.78% 11%
2012 5.74% 9.9%
2011 5% 19.5%
2010 4.07% 11.2%
2009 7.24% 3.7%
2008 9.91% 19%
2007 6.18% 7.9%
2006 3.24% 10.8%
2005 2.06% 9.9%
2004 -0.69% 12.5%
2003 5.68% 10.8%
2002 9.49% 12.2%
2001 5.7% 11.9%
2000 5.34% 11%
1999 5.18% 7.9%
1998 6.88% 11.5%
1997 8.6% 4.6%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20); World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

GeoRank.org/economy/south-africa/yemen | CC BY

Over the past 28 years, South Africa has recorded an average annual inflation rate of 5.42%, compared with 15.5% in Yemen. In 2024, inflation was 4.36% in South Africa and 33.9% in Yemen.

Top exports between countries

South Africa
Export category Export value
Raw materials & minerals $38.6M
Processed food, beverages & tobacco $1.56M
Textiles & consumer goods $633K
Chemicals & pharma $239K
Raw agricultural goods $186K
Machinery & equipment $161K
Metals $125K
Wood & paper products $97K
Animal & marine products $19K
Miscellaneous $3K
Yemen
Export category Export value
Processed food, beverages & tobacco $30K
Textiles & consumer goods $5K
Raw materials & minerals $4K
Raw agricultural goods $1K

Balance of trade

South Africa Yemen
Current account balance
-$2.58B
2024
-$2.42B
2016
Current account balance ranking
152/190
2024
148/190
2016
Current account balance, % of GDP
-0.64%
2024
-7.72%
2016
Goods imports
$99.8B
2024
$6.8B
2016
Goods exports
$112B
2024
$473M
2016
Service imports
$20B
2024
$1.46B
2016
Service exports
$16.1B
2024
$466M
2016
Imports of goods and services, % of GDP
29.9%
2024
47.3%
2018
Exports of goods and services, % of GDP
31.8%
2024
8.76%
2018

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

South Africa Yemen
Economic freedom 58.6 53.7
Economic freedom ranking 110/197 138/197
Property rights 48.8 3.5
Government integrity 46.7 6.2
Judicial effectiveness 64.6 9.9
Tax burden 65.4 93.7
Government spending 68.4 0
Fiscal health 45.3 71.2
Business freedom 67.9 31.3
Labor freedom 70.8 31.2
Monetary freedom 75.8 48.1
Trade freedom 68.8 67.4
Investment freedom 40 50
Financial freedom 40 30

Economic freedom comparison by year

South Africa
Yemen
1x
Year Economic freedom index
South Africa Yemen
2026 58.6 -
2025 57.3 -
2024 55.3 -
2023 55.7 -
2022 56.2 -
2021 59.7 -
2020 58.8 -
2019 58.3 -
2018 63 -
2017 62.3 -
2016 61.9 -
2015 62.6 53.7
2014 62.5 55.5
2013 61.8 55.9
2012 62.7 55.3
2011 62.7 54.2
2010 62.8 54.4
2009 63.8 56.9
2008 63.4 53.8
2007 63.5 54.1
2006 63.7 52.6
2005 62.9 53.8
2004 66.3 50.5
2003 67.1 50.3
2002 64 48.6
2001 63.8 44.3
2000 63.7 44.5
1999 63.3 43.3
1998 64.3 46.1
1997 63.2 48.4
1996 62.5 49.6
1995 60.7 49.8

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09).

GeoRank.org/economy/south-africa/yemen | CC BY

The Economic Freedom Index for South Africa is 58.6, ranking 110/197, compared to 53.7 for Yemen, ranking 138/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

South Africa Yemen
Services, % of GDP
63%
2024
41.8%
2018
Industry, % of GDP
24.3%
2024
25.4%
2018
Agriculture, forestry, and fishing, % of GDP
2.81%
2024
28.7%
2018
GNI, Atlas method
$391B
2024
$25.3B
2018
GNI per capita, PPP
$15,150
2024
$3,020
2013
Total reserves including gold
$65.4B
2024
$1.25B
2022
Total reserves ranking
36/177
2024
139/177
2022
Net foreign direct investment
-$3.59B
2024
$15.4M
2015
Net inflows of foreign direct investment
$2.33B
2024
-$371M
2019
Net outflows of foreign direct investment
-$1.26B
2024
$0
2024
Servicing debt to the IMF, % of GNI
5.74%
2024
0.53%
2018
Poverty at national poverty lines
55.5%
2014
48.6%
2014
Gross capital formation, % of GDP
14.1%
2024
6.18%
2018

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).

GeoRank.org/economy/south-africa/yemen | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Public Finances in Modern History (1913–1999, retrieved 2026-02-20)
  3. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  5. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  6. TradeMap (2015–2024, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)

Creative Commons Attribution (CC BY) — you’re free to copy, share, remix, adapt, and use even commercially as long as you give appropriate credit and clearly indicate if you made changes. Other sources may be subject to different license terms.

The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.

Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.

A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).

Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.

Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.

Principal and interest payments to the IMF in currency, goods, or services on long-term debt expressed as a share of GNI.

Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.