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Saudi Arabia-South Africa Economic Relations

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Saudi Arabia-South Africa Economic Relations Saudi Arabia-South Africa Economic Relations Information contained in this document is vetted and updated. For inquiries, suggestions, or more information, please contact the Center for Information and Research, Council of Saudi Chambers. Tel: 00966112182240, Fax: 00966112182279. Saudi Arabia-South Africa Economic Relations South Africa Kingdom of Saudi Arabia Area: 1,221,037 km2 approximately. Area: 2 million km2 approximately. Capital: Pretoria Capital: Riyadh Located in South West Asia. KSA is bordered Located in Southernmost Africa. It is by Iraq and Jordan in the North; Kuwait in bordered by Namibia, Botswana, the North East; Qatar, United Arab Emirates Location: Zimbabwe, Mozambique and Swaziland. Location: It surrounds the kingdom of Lesotho. and Bahrain in the East; Yemen and Oman in the South East, and the Red Sea in the West. Political Political Federal Republic Monarchy System: System: Head of Head of State: Jacob Zuma King Salman bin Abdulaziz Al Saud State: Language English, Zulu Language Arabic Population: 55.8 mn approximately (2016 estimate) Population: 32 mn approximately (2016 estimate) ccTLD: . ZA ccTLD .SA Currency: South African rand ( ZAR 1 = SAR 0.262) Currency: Saudi Riyal (SAR 1 = ZAR 3.80) Saudi-South African Diplomatic Relations: 1. Saudi Arabia has official representation in South Africa; the Saudi Embassy in Pretoria. 2. South Africa has official representation in Saudi Arabia; the South African Embassy in Riyadh; South African Consulate General in Jeddah. 3. The Saudi-South African Committee, led by Ministry of Commerce and Investment (KSA side). Saudi-South African Agreements: 1- The Saudi-South African Business Council. 2- The agreement on avoidance of double taxation between Saudi Arabia and South Africa. Economic Indicators: Indicators Country 2009 2010 2011 2012 2013 2014 2015 KSA 429 527 670 734 744 752 649 GDP at Current Prices (Bn US$) SOUTH AFRICA 297 375 417 397 366 350 313 KSA 16,095 19,113 23,594 25,139 24,816 24,454 20,677 GDP Per Capita (US$) SOUTH AFRICA 5,938 7,389 8,090 7,592 6,890 6,484 5,695 KSA 4 5.8 3.6 3.6 3 2.4 2 Inflation Rate (%) SOUTH AFRICA 6.3 3.5 6.1 5.7 5.4 5.8 4.9 KSA 5.4 5.5 5.8 5.5 5.6 5.5 5.5 Unemployment Rate (%) SOUTH AFRICA 23.7 24.9 24.8 24.9 24.7 25.1 25.4 Source: IMF, WEO 2017 * Preliminary. Page | 1 Center for Information and Research, CSC 2018 Saudi Arabia-South Africa Economic Relations Saudi-South African Bilateral Relations Trade between Saudi Arabia and South Africa (SAR million) Exports Imports Trade Balance of Year Value Rank % Value Rank % Volume Trade 1999 3880 12 2% 1502 18 1.4% 5382 2378 2000 6621 11 2% 1038 22 1% 7659 5583 2001 5178 13 2% 893 26 1% 6071 4285 2002 5370 14 2% 809 30 1% 6179 4561 2003 7331 13 2% 751 34 0.48% 8082 6580 2004 8876 13 1.8% 1576 27 1% 10452 7300 2005 11487 14 1.7% 1614 32 1% 13101 9873 2006 12,060 16 2% 1,534 37 1% 13,594 10,526 2007 13,669 16 2% 2,193 32 1% 15,862 11,476 2008 18,638 14 2% 2,430 32 1% 21,068 16,208 2009 10,175 16 1% 1,534 36 0% 11,708 8,641 2010 11,267 19 1% 1,543 39 0% 12,810 9,723 2011 18,302 16 1% 1,738 43 0% 20,040 16,563 2012 27,755 13 2% 1,798 43 0% 29,553 25,957 2013 27,208 13 2% 3,042 36 0% 30,251 24,166 2014 21,689 16 2% 4,064 35 1% 25,754 17,625 2015 10,220 19 1% 4,572 30 1% 14,793 5,648 2016 10,701 16 2% 3,103 33 1% 13,805 7,598 Source: GaStat, Foreign Trade Statistics )2017( Trade between Saudi Arabia and South Africa 40000 30000 20000 10000 0 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 Trade Exports Imports Source: GaStat, Foreign Trade Statistics (2017) (SAR million) Page | 2 Center for Information and Research, CSC 2018 Saudi Arabia-South Africa Economic Relations Top Imported and Exported Commodities between Saudi Arabia and South Africa: Value Top Imported Commodities 2016 Value Top Exported Commodities 2016 817 Precious stones and metals 9,583 Mineral products 612 Fruits 386 Plastics and articles thereof 405 Vehicles; parts 341 Organic chemicals 167 Electrical equipment; parts 183 Fertilizers 132 Aluminum and articles thereof 63 Misc. chemical products Source: GaStat, Foreign Trade Statistics (2015) (SAR million) Foreign Direct Investment in Saudi Arabia and South Africa: Saudi Arabia South Africa Variable 2000 2010 2016 2000 2010 2016 FDI inward stock 17,577 176,378 231,502 43,451* 179,565* 136,837* (USD mn) FDI outward stock 5,285* 26,528 80,424 27,328* 83,249* 172,827* (USD mn) Source: UNCTAD, World Investment Report 2016 *Estimated Figures Page | 3 Center for Information and Research, CSC 2018 .
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