Gross Domestic
Product (GDP)
GDP is the sum of all expenditures
on goods and services in SA, plus
goods and services exported, minus
goods and services imported. Click
here to see a measure
of the overall size of the economy.
GDP per
capita
GDP divided by the number of the
population shows the amount of wealth
generated per person. GDP can rise,
while GDP per capita is falling.
This happens if population growth
exceeds GDP growth. Change in GDP
per capita is a crude measure of
development - as it says nothing
about how the wealth is distributed
between people. GDP per capita
