7.3 Measures of Development

List what is your country's 

• GNP/GNI

• GDP

• GII

• HDI

Gross National Product (GNP)/Gross National Income (GNI): The GNI for South Africa in 2022 was approximately $406.04 billion. 

Gross Domestic Product (GDP): The GDP of South Africa in 2022 was approximately $405.27 billion. 

Global Innovation Index (GII): In 2022, South Africa ranked 61st in the Global Innovation Index with a score of 29.8 out of 100. 

Human Development Index (HDI): South Africa’s HDI value for 2021 was 0.713, which puts the country in the high human development category.

Explain what the numbers mean and how do they rank to the rest of the world.  

Gross National Product (GNP)/Gross National Income (GNI): GNP/GNI is the total value of all final goods and services produced within a nation in a particular year, plus income earned by its citizens abroad, minus income earned by foreigners from domestic production. The GNI for South Africa in 2022 was approximately $406.04 billion. The specific global ranking is not readily available, but it’s a thing to keep in mind that this figure places South Africa as one of the leading economies in Africa. 

Gross Domestic Product (GDP): GDP is the total value of all goods and services produced within a country in a particular year. The GDP of South Africa in 2022 was approximately $405.27 billion. According to the latest data, South Africa is ranked 35th in the world by GDP. 

Global Innovation Index (GII): The GII is a ranking of countries based on their capacity and success in innovation. It is calculated based on several factors including institutions, human capital and research, infrastructure, knowledge and technology outputs, and creative outputs. In 2022, South Africa ranked 61st in the Global Innovation Index with a score of 29.8 out of 100. 

Human Development Index (HDI): The HDI is a summary measure for assessing long-term progress in three basic ideas of human development: a long and healthy life, access to knowledge, and a decent standard of living. South Africa’s HDI value for 2021 was 0.713, which puts the country in the high human development category, positioning it at 109th out of 191 countries and territories.

Sources: https://georank.org/economy/south-africa

https://www.statista.com/statistics/1245021/global-innovation-index-rank-in-south-africa/

https://www.statista.com/statistics/1245198/global-innovation-index-rank-in-africa/

https://data.worldbank.org/indicator/NY.GNP.PCAP.CD?locations=ZA

https://data.worldbank.org/indicator/NY.GNP.MKTP.CD?locations=ZA
https://africacheck.org/infofinder/explore-facts/what-south-africas-human-development-index

https://worldpopulationreview.com/country-rankings/hdi-by-country