South Africa had the highest inequality in income distribution with a Gini score of 63, according to the Gini Index 2020. South Africa's middle-class is disappearing The top 0.01 % of the distribution (3,500 individuals) concentrate 15 % of household net worth, more than the bottom 90 % as a whole. In 2019, SA's HIV disease burden was an estimated 7,599,215 PLHIV, 6 of which more than half (63%) were women. PDF Child Poverty in South Africa - Unicef Revenue Statistics in Africa 2021 | en | OECD The estimated number of new infections among adults declined by 56% from 1 Statistics South Africa [StatsSA], Mid-year population estimates, 2019. PDF Sources: WDI for GDP, National Statistical Offices for ... Minimum monthly gross wage in Czechia 2005-2020; Monthly disposable income in Estonia 2008-2019; . Issues of race, income and poverty are frequent political footballs in South . Nov 17, 2021. Distribution of goods imported into South Africa 2019, by category . From 2010 the income data collected by South Africa's Quarterly Labour Force Survey is no longer provided in the QLFS dataset (except for a brief return in QLFS 2010 Q3 which may be an error). South Africa is a middle-income emerging market with an abundant supply of natural resources; well-developed financial, legal, communications, energy, and transport sectors; and a stock exchange that is Africa's largest and among the top 20 in the world. As wealth distribution data is not available for South Africa, Allianz told Africa Check that the estimate is calculated from a combination of income distribution statistics. Six Charts Explain South Africa's Inequality PDF Hunger in South Africa during 2020 - CRAM Reads 44,552. This finding is consistent with an income poverty line that is based on the upper-bound poverty line, which Quite dramatic changes have occurred in inter-racial income distribution patterns since the 1970s, with the black share of income rising for the first time and at times exceeding the rise in their population share. Data have been revised for Latvia (income year 2019, provisional), the Netherlands (income years 2011-2016), Brazil (income years 2006, 2009, 2011, 2013) and South Africa (income year 2015). Income and expenditure of households consists of income, cosumption, and spending patterns by main income group and province. According to the Quarterly employment statistics (QES) survey released by Statistics South Africa (Stats SA), the formal non-agricultural sector shed 648 000 jobs in the second quarter of 2020. Source: authors' computations based on the combination of surveys, national accounts and tax micro data. Statistics South Africa . Statistical . US Income Inequality Statistics (Editor's Choice): 41.4% of Americans are classified as low-income or low-income families. Research on income distribution in South Africa has, for obvious reasons, focused on inter-racial (inter-group) income distribution. Source: Own calculations on 2004 General Household Survey, Statistics South Africa. The 1% have drained $50 trillion from the bottom 90% over the last 45 years. 2013. South Africa is the most unequal country of the region: in 2019, the income share of top 10% households is estimated at 65%. 0.3. Younger people are more likely to live in households with lower income and wealth, and are at greater risk of poverty. 2020/21, accounting for over 70% of the country's HIV expenditure. 121. However, in South Africa, total incomes for low income households are significantly insulated by government transfer payments. Salaries range from 7,880 ZAR (lowest average) to 139,000 ZAR (highest average, actual maximum salary is higher).. Data and research on income taxes including OECD tax databases, taxing wages, revenue statistics, tax policy studies., The publication Revenue Statistics in Africa is jointly undertaken by the OECD Centre for Tax Policy and Administration and the OECD Development Centre, the African Union Commission (AUC) and the African Tax Administration Forum (ATAF) with the financial support of the . See the media release here. 122. Unlike income, which is more easily captured by tax statistics, economists cannot easily observe wealth directly. They also employ " the average wealth-to-income ratio of all countries for which data on both income and wealth distribution are available". Bath and Shower Products (Personal Hygiene) Market in South Africa - Outlook to 2025; Market Size, Growth and Forecast Analytics (updated with COVID-19 Impact) is a broad level market review of Bath & Shower Products market in South Africa. In South Africa, research using Waves 1 and 2 of the National Income Dynamics Study-Coronavirus Rapid Mobile Survey (NIDS-CRAM) found that women were particularly hard hit by the initial lockdown phases and school closures, both in terms of labour market outcomes and childcare responsibilities (Casale and Posel 2020; Casale and Shepherd 2020). 3 Hunger in South Africa during 2020 Lack of money to buy food in the month before the survey (April for Wave 1, June for Wave 2) also declined strongly from 50% of respondents in Black African households reporting this in Wave 1 to 40% in Wave 2. As of 2021, an individual living in South Africa with less than 890 South African rands (roughly 62.8 U.S. dollars) per month was considered poor. Quarterly Labour Force Survey 2020: Q1 [dataset]. Estimating the Distribution of Household Wealth in South Africa Aroop Chatterjee Léo Czajka Amory Gethin April 2020 Abstract This paper estimates the distribution of personal wealth in South Africa by com-bining tax microdata covering the universe of income tax returns, household surveys and macroeconomic balance sheets statistics. 2020/21, accounting for over 70% of the country's HIV expenditure. This is the first increase in poverty after five consecutive annual declines (Figure 8 and Table B-4). Q4 2020 on the back of a sharp increase in new mortgages. The value for Income share held by second 20% in South Africa was 4.80 as of 2014. The survey collects data from around 25,000 households nationally on poverty, income, consumption and spending patterns. Africa. Submitted on: 27 Oct, 2020. 2 It is important to note in this regard that these most recent data for African countries include a large span of years: the most remote year . Bath & Shower Products - includes all shower gels and other personal hygiene products designed to be used in the shower, as well as liquid bath products . According to the latest governmental data from 2019, the Gini coefficient in South Africa was 0.65 points in 2015. From 2000 to 2020, the average salary for workers in America rose only 13.7%. Stats SA has postponed the publication of the benchmarked and rebased national accounts statistics, for the period from the first quarter of 1993 to the fourth quarter of 2020, from May 2021 to August. National Income Dynamics Study - Coronavirus Rapid Mobile Survey 2020, Wave 1 . This brings the total number of persons employed in the formal non-agricultural sector in South Africa to 9,5 million. Scheduled for 2020 and 2021, it has now been put on hold. The top 1% earners make 20 times more than the bottom 90%. Forthcoming revision of South Africa's national accounts and balance of payments statistics. NOTE: The information regarding Distribution of family income - Gini index on this page is re-published from the CIA World Factbook 2020. SOUTH AFRICA of the population live in relative income poverty 27% say they have no friends or . Core TikTok audience in South Africa are female between 13 and 24 years old (43.37%). Although South Africa has made progress in reducing poverty since 1994, the trajectory of poverty reduction was reversed This is the first increase in poverty after five consecutive annual declines (Figure 8 and Table B-4). Nwabisa Makaluza, Dorrit Posel, Vimal Ranchhod, Servaas van der Berg, Gabrielle Wills. Income inequality in South Africa has deepened. From public health, income distribution and food security perspectives, the remarkably rapid and severe shocks imposed because of Covid-19 illustrate the value of having in place transfer policies that support . 22.7. In contrast, the rich (only 4.8% of the population) account for 18.8% of total income (Figure 4). Submitted on: 16 Feb, 2022. Dublin, March 16, 2021 (GLOBE NEWSWIRE) -- The "Medical Aid Funding in South Africa 2020" report has been added to ResearchAndMarkets.com's offering. The finance, mining and trade industries were the main drivers of output on read more » Inequality Report 2020 1 South Africa . Growth of the annual median income/consumption per capita -0.92 2010-2014 Sources: WDI for GDP, National Statistical Offices for national poverty rates, POVCALNET as of Feburary 2020, and Global Monitoring Database for the rest. South Africa - Income distribution Income share held by second 20%. Child Poverty in South Africa: A Multiple Overlapping Deprivation Analysis (Statistics South Africa, 2020)1 finds that six out of ten children, or 62.1 per cent, are multidimensionally poor. South Africa suffers among the highest levels of inequality in the world when measured by the commonly used Gini index. The horizontal axis denotes the percentage of the population, while the vertical axis shows the share of income. Three main facts on inequality in African countries: Inequality levels in the African region are extremely high: the average country-level top 10% income share equals half of the national income. 46 The country-specific estimate was as low as 12% in Uganda (Kyadondo) and 20% to 60% in South Africa . Q4 2020 on the back of a sharp increase in new mortgages. Poverty: The official poverty rate in 2020 was 11.4 percent, up 1.0 percentage point from 10.5 percent in 2019. There was a 79.4% decrease in the number of stay unit nights sold and a 14.3% decrease in the average income per stay unit night . Leaks such as the Panama Papers revealed a glimpse of the labyrinths used by the elite to keep wealth from view of governments and others. Gross National Product in South Africa decreased to 4598967 ZAR Million in the third quarter of 2021 from 4706263 ZAR Million in the second quarter of 2021. These prices are a result of the Income and Expenditure Survey conducted by Statistics South Africa (Stats SA), which is published every five years. 60.8% of Africa's population and hold 36.5% of total income in Africa. "Seasonally adjusted food and beverages income increased by 11.6% in July 2020 compared with June 2020. LAC Equity Lab: Income Inequality - Income Distribution. According to the Palma ratio, the top 10% of the population spent 8,6 times more than the . Inequality Report 2020 3 Abstract CEO takes home as much as 461 black women from the bottom ten percent of earners. Posted on October 5, 2015 Facebook Twitter Linkedin. Salaries vary drastically between different careers. The growth in the real value of mortgages exceeded that of other credit such as personal loans and credit cards. This is according to the Inequality Trends in South Africa report released by Stats SA. The Gini index gives information on the distribution of income in a . bottom 40% of the income distribution spending more than 40% of their disposable income on housing costs; and low satisfaction with life and with time use refer to the share of the population rating their satisfaction as 4 or lower (on a 0-10 scale). Although South Africa is known for its extreme income inequality, the degree of wealth inequality is even greater. In 2020, there were 37.2 million people in poverty, approximately 3.3 million more than in 2019 (Figure 8 and Table B-1). 17 December 2021 - The 14 th Tax Statistics publication will be published on 20 January 2022. DALRRD - Abstract of agricultural statistics 2020 1 TABLE 1 Population of South Africa by population group¹ Year Total White Coloured Indian/Asian Black African Unspecified/ other 1 000 1985 27 241 4 867 2 986 902 18 486 * 1986 27 916 4 908 3 042 918 19 048 * 1987 28 587 4 938 3 095 932 19 622 * A person working in South Africa typically earns around 31,100 ZAR per month. Child Poverty in South Africa: A Multiple Overlapping Deprivation Analysis (Statistics South Africa, 2020)1 finds that six out of ten children, or 62.1 per cent, are multidimensionally poor. Engagement Rate of TikTok influencers in South Africa is 2.4% lower than average worldwide Engagement rate; Distribution of TikTok influencers by number of followers in South Africa The top 10% own 86% of aggregate wealth and the top 0.1% close to one third. Six Charts Explain South Africa's Inequality . Microdata Library, providing data on people living in developing countries, their . Inequality manifests itself through a skewed income distribution, unequal access to opportunities, and regional disparities. In South Africa 11% of accounts have over 500 media entries. Poverty: The official poverty rate in 2020 was 11.4 percent, up 1.0 percentage point from 10.5 percent in 2019. Finance Latest Trend Ranking; Broad money (M3) Indicator 152.88 Total 2015=100 Jan-2022 South Africa 2015=100 Total 2015=100 Jun-2020-Jan-2022 South Africa (red), OECD - Total (black) Faroe Islands. In 2019, South African households had an average disposable income of about 34,037 South . January 30, 2020. The decline in Coloured households was even greater, from 51% to 37%. New tax and survey data suggest that 10% of the population own at least 90-95% of all assets, in contrast to their earning 'only' about 55-60% percent of all income. In 2020, there were 37.2 million people in poverty, approximately 3.3 million more than in 2019 (Figure 8 and Table B-1). Possibly because the data is unreliable at the level of the quarter, Statistics South Africa now provides the income data from the QLFS in an annualised . Infact 23.2% of all households in 2001 reported to have no annual household income. The estimated number of new infections among adults declined by 56% from 1 Statistics South Africa [StatsSA], Mid-year population estimates, 2019. The growth in the real value of mortgages exceeded that of other credit such as personal loans and credit cards. ACCORDING to statistics provided by the Paris-based International Organisation of Vine and Wine in April 2021, the area under vine throughout the world was estimated at 7.3-million hectares in 2020 (stable since 2017), with total wine production estimated at 260-million hectoliters (mhl) - about the same as 2019, down from 292 mhl in 2018, versus 250 mhl in 2017, the lowest in the 21 st . On average, people in the top 20% of the income distribution earn 5.4 times more than people in the bottom 20%. Jul 13, 2020, 07:30 ET Share this article DUBLIN , July 13, 2020 /PRNewswire/ -- The "The Print & Digital Publishing Media Industry in South Africa 2020" report has been added to . The Gini coefficient measures the deviation of the distribution of income . In recent years, a number of measures of South Africa's wealth distribution have emerged. The largest contributor to the total income was 'generation, transmission and distribution of electricity' (R150,2 million or 82,8%), followed by 'collection, purification and distribution of water' (R22,1 billion or 12,2%) and 'manufacturing and distribution of gaseous read more ». While this is an improvement over the last 10 years, its hardly enough to uplift the poor and to reduce their irritation and . Keywords: South Africa, poverty, income distribution, labour market JEL codes: O15, D31, D63, J31, N37 1 The author wishes to thank Derek Yu for direct assistance with some data work for this paper, and a whole team of people within the NRF Research Chair in the Economics of Social Policy at the University of Stellenbosch for Pretoria: Statistics South Africa [producer], 2020. The 2021 edition will provide an overview of tax revenue collections and tax return information for the 2017 to 2020 tax years, as well as the 2016/17 to 2020/2021 fiscal years. Disposable Personal Income in South Africa averaged 707072.88 ZAR Million from 1960 until 2021, reaching an all time high of 3768746 ZAR Million in the third quarter of 2021 and a record low of 3520 ZAR Million in the second quarter of . The National Income Dynamics Study - Coronavirus Rapid Mobile Survey 2020 investigates the socioeconomic impacts of the national lockdown associated with the State of Disaster declared in South Africa in March 2020, and the social and economic consequences in South Africa of the global Coronavirus pandemic.
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