OECD Economic Surveys: South Africa 2022
- ISBN-10
- 926440502X
- ISBN-13
- 9789264405028
- Series
- OECD Economic Surveys
- Pages
- 151
- Language
- English
- Published
- 2022-08-25
- Publisher
- OECD Publishing
- Author
- OECD
Description
The COVID-19 crisis has weakened an already fragile economy. South Africa’s growth underperformed during the past decade: GDP per capita was already lower in 2019 than in 2008. Unemployment remains high, at around 35%, and youth unemployment even exceeds 50%. In the meantime, spending pressures are mounting to close the financing gap in health, infrastructure and higher education.
