South Africa Economic Update : Focus on Export Competitiveness

In its National Development Plan 2030 and its New Growth Path (2011), South Africa identifies the export sector as an engine for faster, more inclusive, and job-intensive growth. The National Development Plan is targeting export volume growth of 6...

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Bibliographic Details
Main Author:	World Bank
Format:	Economic Updates and Modeling
Language:	English en_US
Published:	Washington, DC 2014
Subjects:	ACCOUNTING ADVANCED ECONOMIES ADVERSE SHOCKS AGRICULTURE ANNUAL GROWTH BALANCE OF PAYMENTS BANKING SECTOR BASIS POINTS BASKET OF GOODS BILATERAL TRADE BILL BONDS BUDGET DEFICIT BUSINESS CONFIDENCE CAPITAL FLOWS CAPITAL INFLOWS CAPITAL INVESTMENT CAPITAL OUTFLOW CAPITAL OUTFLOWS CAPITAL OUTLAYS CAPITAL STOCK COMMODITY MARKETS COMMODITY PRICE COMMODITY PRICES COMPARATIVE ADVANTAGE COMPETITION POLICY COMPETITIVENESS CONFIDENCE INDEX CONSOLIDATION CONSUMER CONFIDENCE CONSUMER DURABLES CONSUMER PRICE INDEX CONSUMER PRICE INFLATION CONSUMERS CONSUMPTION EXPENDITURE CONSUMPTION GROWTH CONSUMPTION SPENDING CORE INFLATION CREDIT MARKET CURRENT ACCOUNT CURRENT ACCOUNT BALANCE CURRENT ACCOUNT BALANCES CURRENT ACCOUNT DEFICIT CURRENT ACCOUNT DEFICITS CUSTOMS UNION DEBT DEBT BURDEN DECELERATION IN GROWTH DEFLATION DEPRECIATION DEVELOPING COUNTRIES DEVELOPING COUNTRY DISCOURAGED WORKERS DISTORTIONS DIVERSIFIED EXPORT BASE DIVERSIFIED MARKETS DOMESTIC BOND DOMESTIC DEMAND DOMESTIC ECONOMY DOMESTIC MARKET DOMESTIC MARKETS DOMESTIC PRICE DOMESTIC PRICE LEVELS DOMESTIC PRICES DOMESTIC SAVINGS DOWNWARD PRESSURE DRAG ON GROWTH DURABLE DURABLE GOODS ECONOMIC COOPERATION ECONOMIC DEVELOPMENTS ECONOMIC ENVIRONMENT ECONOMIC GROWTH ECONOMIC OUTLOOK ECONOMIC PERFORMANCE ECONOMIC RESEARCH EFFECTIVE EXCHANGE RATE EFFECTIVE EXCHANGE RATES EMERGING MARKET EMERGING MARKETS ENTRY BARRIERS EQUIPMENT EQUITIES EQUITY MARKETS EXCESS CAPACITY EXCHANGE RATE EXCHANGE RATE MOVEMENTS EXCHANGE RATES EXPORT CAPACITY EXPORT COMPETITIVENESS EXPORT EARNINGS EXPORT GROWTH EXPORT MARKET EXPORT MARKETS EXPORT PERFORMANCE EXPORT VOLUME EXPORT VOLUMES EXPORTER EXPORTERS EXPORTS EXTERNAL DEMAND FEDERAL RESERVE FINANCIAL CRISIS FINANCIAL MARKET FISCAL POLICY FIXED CAPITAL FIXED COSTS FOOD PRICES FORECASTS FOREIGN DIRECT INVESTMENT GDP PER CAPITA GLOBAL MARKET GLOBAL MARKETS GOVERNMENT DEFICITS GOVERNMENT FINANCE GOVERNMENT POLICY GOVERNMENT SUPPORT GRAVITY MODEL GROSS FIXED CAPITAL FORMATION GROWTH PERFORMANCE GROWTH RATE GROWTH RATES HIGH-INCOME COUNTRIES HUMAN CAPITAL IMBALANCES IMPORT IMPORT COSTS IMPORT DEMAND IMPORT GROWTH IMPORTS INCOME INDEBTEDNESS INFLATION INTEREST PAYMENTS INTERNATIONAL BANK INTERNATIONAL CAPITAL INTERNATIONAL CAPITAL FLOWS INTERNATIONAL TRADE INVENTORIES INVENTORY INVESTMENT GOODS INVESTMENT LEVELS INVESTMENT POLICY INVESTMENT RISK LABOR FORCE LABOR MARKET LABOR MARKETS LOCAL MARKETS LOOSE MONETARY POLICY MARKET COMPETITION MARKET CONDITIONS MARKET PRICES MARKET SHARE MARKET SHARES MONETARY FUND MONETARY POLICY MULTIPLIER EFFECT MUTUAL FUNDS NATIONAL TREASURY NET DEBT NET EXPORTS NOMINAL EXCHANGE RATE OIL PRICES OUTPUT GAP OUTTURN OUTTURNS PER CAPITA INCOME POLICY RESPONSES POPULATION GROWTH PORTFOLIO PORTFOLIO CAPITAL POVERTY REDUCTION PRICE LEVELS PRIVATE INVESTMENT PRODUCTION COSTS PRODUCTIVITY GROWTH PUBLIC INVESTMENT REAL EFFECTIVE EXCHANGE RATE REAL EXCHANGE RATE REAL EXCHANGE RATE MOVEMENTS REAL EXPORT REAL EXPORT GROWTH REAL GDP REAL INTEREST REAL INTEREST RATES RECESSION REGIONAL MARKET REGIONAL MARKETS RESERVE RESERVE BANK RETURN RETURNS SHORT-TERM CAPITAL SLOWDOWN STANDARD DEVIATION STOCK EXCHANGE STOCK MARKETS SUPPLY-SIDE TAX TAX INCENTIVE TAX REVENUES TOTAL EXPORTS TOTAL FACTOR PRODUCTIVITY TRADE AGREEMENTS TRADE BALANCE TRADE COMPETITIVENESS TRADE DATA TRADE DEFICIT TRADE FACILITATION TRADE LAW TRADE LIBERALIZATION TRADE PATTERNS TRADE POLICY TRADE STATISTICS TRADING TRADING PARTNERS TRANSACTION TREASURIES TROUGH UNCERTAINTY UNEMPLOYMENT UNEMPLOYMENT RATE VALUE ADDED WAGES WORLD DEVELOPMENT INDICATORS
Online Access:	http://documents.worldbank.org/curated/en/2014/01/18891973/south-africa-economic-update-focus-export-competitiveness http://hdl.handle.net/10986/17578

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Summary:	In its National Development Plan 2030 and its New Growth Path (2011), South Africa identifies the export sector as an engine for faster, more inclusive, and job-intensive growth. The National Development Plan is targeting export volume growth of 6 percent a year, to achieve an annual increase in real Gross Domestic Product, or GDP growth of about 5.5 percent and to help generate 11 million new jobs by 2030. Despite successes in some subsectors, South Africa will need to greatly improve its export performance to meet these targets. The report highlights opportunities for growth, particularly with Sub-Saharan Africa being the largest market for non-mineral exports. It also explores strategic directions that can ignite export growth and help South Africa realize its goals of creating jobs and reducing poverty and inequality.

South Africa Economic Update : Focus on Export Competitiveness

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