Imports as a % of the GDP of South Africa was 31.2% in 2021. The indicator recorded a year-on-year growth of 1.6% in 2021 and between 2010 and 2021, the indicator increased by 0.9%. Imports as a % of the GDP of South Africa was highest in the year 2013 and lowest in the year 2020, between 2010, and 2021. The country’s exports as a % of GDP was 29.9% in 2021.
Imports as a % of GDP is calculated by dividing the value of imports over a period by the gross domestic product for the same period.
According to GlobalData, the countries that had the highest value of imports as a % of their GDP in 2021 include Hong Kong, Singapore, Luxembourg, Malta, Vietnam, Belgium, Ireland, Netherlands, Belarus, and Slovenia.
Countries with the lowest rate of imports as a % of GDP include Argentina, the United States, China, Indonesia, Brazil, Tanzania, Australia, Kenya, Nigeria, and Pakistan.
In 2021, Panama, Bolivia, Kuwait, Belarus, and Mexico had the highest year-on-year growth, and Luxembourg, Portugal, Spain, Ireland, and Italy were some of the countries with the lowest year-on-year growth of imports as a % of their GDP.
Real GDP is computed using prices from the base year adjusted for inflation. A measure of economic growth, real GDP changes demonstrate whether the economic activity has increased or decreased. The United States, China, Japan, Germany, and India have the top five economies in the world in terms of real GDP. With a value of $12.7 trillion, China had the second-largest real GDP behind the United States in 2021. Japan ranked third globally with a $6 trillion real GDP during the same period. The next two largest economies are Germany and India, with real GDPs of $3.8 trillion and $2.9 trillion, respectively.
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