How poor are South Africans compared to the rest of the world?

💨 Abstract

Since 2010, South Africa's economy has lagged behind global averages, leading to significant poverty compared to the rest of the world. In 2023, the GDP per capita in South Africa was $15,194, considerably lower than the global average of $22,850. Factors such as power outages, corruption, and infrastructure collapse have hindered economic growth.

Courtesy: Sundeeka Mungroo