South Africa Economy

The South African economy with a population of 49.99 Million (Est 2010) ranks 25th in the world with a GDP PPP of 492 billion and GDP PPP per capita of 10,229 vs 45,934 (United States) according to the IMF in 2009. Its currency is the South Africa Rand (ZAR). Bank deposits held for a fixed term in South Africa are called fixed deposits. According to CIA.gov its inflation was 11.3% in 2008 and 7.1% in 2009.