The average for 2021 based on 12 countries was 29.07 percent. The highest value was in the Central African Republic: 33.1 percent and the lowest value was in Guinea-Bissau: 26.1 percent. The indicator is available from 1963 to 2023. Below is a chart for all countries where data are available.

The average monthly salary for South Africans who were employed in the formal non-agricultural sector was just over 26,800 South African rands (comparable to roughly 1,500 U.S. dollars) in November 2023, which represented a yearly increase of tw0 percent. During the period under review, the overall growth trend was positive, with the earnings increasing by 24.4 percent from 21,500 South African rands (approximately 1,180 U.S. dollars) in November 2018.    Minimum wage and highest-paid professions    Starting in March 2023, the minimum hourly wage in the country increased to 25.42 South African rands (comparable to 1.40 U.S. dollars), which represented an increase of 9.6 percent from 23.19 South African rands (1.27 U.S. dollars) per hour in the preceding year. On the other hand, professionals in executive and change management positions were paid the highest salaries in South Africa, with an average of 74,000 U.S. dollars yearly. Individuals with jobs in retail, trade, and craft followed, receiving an average of 66,000 U.S. dollars per annum.       Highest unemployment among Black South Africans In 2022, the unemployment rate in South Africa was nearly 30 percent following an increasing trend since 2008. The rate was highest among Black South Africans reaching as high as 36.8 percent in the second quarter of 2023. Moreover, Colored South Africans followed with around 22 percent, while white South Africans had a much lower unemployment rate of over 7 percent.

Seychelles recorded the highest Gross National Income (GNI) per capita in Africa as of 2023, at 16,940 U.S. dollars. The African island was, therefore, the only high-income country on the continent, according to the source's classification. Mauritius, Gabon, Botswana, Libya, South Africa, Equatorial Guinea, Algeria, and Namibia were defined as upper-middle-income economies, those with a GNI per capita between 4,516 U.S. dollars and 14,005 U.S. dollars. On the opposite, 20 African countries recorded a GNI per capita below 1,145 U.S. dollars, being thus classified as low-income economies. Among them, Burundi presented the lowest income per capita, some 230 U.S. dollars. Poverty and population growth in Africa Despite a few countries being in the high income and upper-middle countries classification, Africa had a significant number of people living under extreme poverty. However, this number is expected to decline gradually in the upcoming years, with experts forecasting that this number will decrease to almost 400 million individuals by 2030 from nearly 430 million in 2023, despite the continent currently having the highest population growth rate globally. African economic growth and prosperity In recent years, Africa showed significant growth in various industries, such as natural gas production, clean energy generation, and services exports. Furthermore, it is forecast that the GDP growth rate would reach 4.5 percent by 2027, keeping the overall positive trend of economic growth in the continent.

This dataset provides values for INCOME SHARE HELD BY HIGHEST 10PERCENT WB DATA.HTML. reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

Graph and download economic data for Consumer Unit Characteristics: Percent Black or African American by Deciles of Income Before Taxes: Highest 10 Percent (91st to 100th Percentile) (CXU980270LB1511M) from 2014 to 2023 about consumer unit, African-American, percentile, tax, percent, income, and USA.

South Africa ZA: Income Share Held by Highest 10% data was reported at 50.500 % in 2014. This records a decrease from the previous number of 51.300 % for 2010. South Africa ZA: Income Share Held by Highest 10% data is updated yearly, averaging 50.500 % from Dec 1993 (Median) to 2014, with 7 observations. The data reached an all-time high of 54.200 % in 2005 and a record low of 44.900 % in 2000. South Africa ZA: Income Share Held by Highest 10% data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s South Africa – Table ZA.World Bank.WDI: Poverty. Percentage share of income or consumption is the share that accrues to subgroups of population indicated by deciles or quintiles.; ; World Bank, Development Research Group. Data are based on primary household survey data obtained from government statistical agencies and World Bank country departments. Data for high-income economies are from the Luxembourg Income Study database. For more information and methodology, please see PovcalNet (http://iresearch.worldbank.org/PovcalNet/index.htm).; ; The World Bank’s internationally comparable poverty monitoring database now draws on income or detailed consumption data from more than one thousand six hundred household surveys across 164 countries in six regions and 25 other high income countries (industrialized economies). While income distribution data are published for all countries with data available, poverty data are published for low- and middle-income countries and countries eligible to receive loans from the World Bank (such as Chile) and recently graduated countries (such as Estonia) only. See PovcalNet (http://iresearch.worldbank.org/PovcalNet/WhatIsNew.aspx) for definitions of geographical regions and industrialized countries.

Graph and download economic data for Consumer Unit Characteristics: Percent White, Asian, and All Other Races, Not Including African American by Deciles of Income Before Taxes: Highest 10 Percent (91st to 100th Percentile) (CXUWHTNDOTHLB1511M) from 2014 to 2023 about asian, consumer unit, white, percentile, tax, percent, income, and USA.

South Africa concentrated the largest amount of private wealth in Africa as of 2021, some 651 billion U.S. dollars. Egypt, Nigeria, Morocco, and Kenya followed, establishing the five wealthier markets in the continent. The wealth value referred to assets, such as cash, properties, and business interests, held by individuals living in each country, with liabilities discounted. Overall, Africa counted in the same year approximately 136,000 high net worth individuals (HNWIs), each with net assets of one million U.S. dollars or more.

 COVID-19 and wealth constraints  

Africa held 2.1 trillion U.S. dollars of total private wealth in 2021. The amount slightly increased in comparison to the previous year, when the coronavirus (COVID-19) pandemic led to job losses, drops in salaries, and the closure of many local businesses. However, compared to 2011, total private wealth in Africa declined 4.5 percent, constrained by poor performances in Angola, Egypt, and Nigeria. By 2031, however, the private wealth is expected to rise nearly 40 percent in the continent.

 The richest in Africa 

Besides 125 thousand millionaires, Africa counted 6,700 multimillionaires and 305 centimillionaires as of December 2021. Furthermore, there were 21 billionaires in the African continent, each with a wealth of one billion U.S. dollars and more. The richest person in Africa is the Nigerian Aliko Dangote. The billionaire is the founder and chairman of Dangote Cement, the largest cement producer on the whole continent. He also owns salt and sugar manufacturing companies.

La moyenne pour 2021 était de 29.25 pour cent. La valeur la plus élevée était au République centrafricaine: 33.1 pour cent et la valeur la plus basse était au Guinée-Bissau: 26.1 pour cent. Vous trouverez ci-dessous un graphique pour tous les pays où les données sont disponibles.

This dataset provides values for PERSONAL INCOME TAX RATE reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

Goal 10Reduce inequality within and among countriesTarget 10.1: By 2030, progressively achieve and sustain income growth of the bottom 40 per cent of the population at a rate higher than the national averageIndicator 10.1.1: Growth rates of household expenditure or income per capita among the bottom 40 per cent of the population and the total populationSI_HEI_TOTL: Growth rates of household expenditure or income per capita (%)Target 10.2: By 2030, empower and promote the social, economic and political inclusion of all, irrespective of age, sex, disability, race, ethnicity, origin, religion or economic or other statusIndicator 10.2.1: Proportion of people living below 50 per cent of median income, by sex, age and persons with disabilitiesSI_POV_50MI: Proportion of people living below 50 percent of median income (%)Target 10.3: Ensure equal opportunity and reduce inequalities of outcome, including by eliminating discriminatory laws, policies and practices and promoting appropriate legislation, policies and action in this regardIndicator 10.3.1: Proportion of population reporting having personally felt discriminated against or harassed in the previous 12 months on the basis of a ground of discrimination prohibited under international human rights lawVC_VOV_GDSD: Proportion of population reporting having felt discriminated against, by grounds of discrimination, sex and disability (%)Target 10.4: Adopt policies, especially fiscal, wage and social protection policies, and progressively achieve greater equalityIndicator 10.4.1: Labour share of GDPSL_EMP_GTOTL: Labour share of GDP (%)Indicator 10.4.2: Redistributive impact of fiscal policySI_DST_FISP: Redistributive impact of fiscal policy, Gini index (%)Target 10.5: Improve the regulation and monitoring of global financial markets and institutions and strengthen the implementation of such regulationsIndicator 10.5.1: Financial Soundness IndicatorsFI_FSI_FSANL: Non-performing loans to total gross loans (%)FI_FSI_FSERA: Return on assets (%)FI_FSI_FSKA: Regulatory capital to assets (%)FI_FSI_FSKNL: Non-performing loans net of provisions to capital (%)FI_FSI_FSKRTC: Regulatory Tier 1 capital to risk-weighted assets (%)FI_FSI_FSLS: Liquid assets to short term liabilities (%)FI_FSI_FSSNO: Net open position in foreign exchange to capital (%)Target 10.6: Ensure enhanced representation and voice for developing countries in decision-making in global international economic and financial institutions in order to deliver more effective, credible, accountable and legitimate institutionsIndicator 10.6.1: Proportion of members and voting rights of developing countries in international organizationsSG_INT_MBRDEV: Proportion of members of developing countries in international organizations, by organization (%)SG_INT_VRTDEV: Proportion of voting rights of developing countries in international organizations, by organization (%)Target 10.7: Facilitate orderly, safe, regular and responsible migration and mobility of people, including through the implementation of planned and well-managed migration policiesIndicator 10.7.1: Recruitment cost borne by employee as a proportion of monthly income earned in country of destinationIndicator 10.7.2: Number of countries with migration policies that facilitate orderly, safe, regular and responsible migration and mobility of peopleSG_CPA_MIGRP: Proportion of countries with migration policies to facilitate orderly, safe, regular and responsible migration and mobility of people, by policy domain (%)SG_CPA_MIGRS: Countries with migration policies to facilitate orderly, safe, regular and responsible migration and mobility of people, by policy domain (1 = Requires further progress; 2 = Partially meets; 3 = Meets; 4 = Fully meets)Indicator 10.7.3: Number of people who died or disappeared in the process of migration towards an international destinationiSM_DTH_MIGR: Total deaths and disappearances recorded during migration (number)Indicator 10.7.4: Proportion of the population who are refugees, by country of originSM_POP_REFG_OR: Number of refugees per 100,000 population, by country of origin (per 100,000 population)Target 10.a: Implement the principle of special and differential treatment for developing countries, in particular least developed countries, in accordance with World Trade Organization agreementsIndicator 10.a.1: Proportion of tariff lines applied to imports from least developed countries and developing countries with zero-tariffTM_TRF_ZERO: Proportion of tariff lines applied to imports with zero-tariff (%)Target 10.b: Encourage official development assistance and financial flows, including foreign direct investment, to States where the need is greatest, in particular least developed countries, African countries, small island developing States and landlocked developing countries, in accordance with their national plans and programmesIndicator 10.b.1: Total resource flows for development, by recipient and donor countries and type of flow (e.g. official development assistance, foreign direct investment and other flows)DC_TRF_TOTDL: Total assistance for development, by donor countries (millions of current United States dollars)DC_TRF_TOTL: Total assistance for development, by recipient countries (millions of current United States dollars)DC_TRF_TFDV: Total resource flows for development, by recipient and donor countries (millions of current United States dollars)Target 10.c: By 2030, reduce to less than 3 per cent the transaction costs of migrant remittances and eliminate remittance corridors with costs higher than 5 per centIndicator 10.c.1: Remittance costs as a proportion of the amount remittedSI_RMT_COST: Remittance costs as a proportion of the amount remitted (%)SI_RMT_COST_BC: Corridor remittance costs as a proportion of the amount remitted (%)SI_RMT_COST_SC: SmaRT corridor remittance costs as a proportion of the amount remitted (%)

As of April 2025, South Africa's GDP was estimated at over 410 billion U.S. dollars, the highest in Africa. Egypt followed, with a GDP worth around 347 billion U.S. dollars, and ranked as the second-highest on the continent. Algeria ranked third, with nearly 269 billion U.S. dollars. These African economies are among some of the fastest-growing economies worldwide. Dependency on oil For some African countries, the oil industry represents an enormous source of income. In Nigeria, oil generates over five percent of the country’s GDP in the third quarter of 2023. However, economies such as the Libyan, Algerian, or Angolan are even much more dependent on the oil sector. In Libya, for instance, oil rents account for over 40 percent of the GDP. Indeed, Libya is one of the economies most dependent on oil worldwide. Similarly, oil represents for some of Africa’s largest economies a substantial source of export value. The giants do not make the ranking Most of Africa’s largest economies do not appear in the leading ten African countries for GDP per capita. The GDP per capita is calculated by dividing a country’s GDP by its population. Therefore, a populated country with a low total GDP will have a low GDP per capita, while a small rich nation has a high GDP per capita. For instance, South Africa has Africa’s highest GDP, but also counts the sixth-largest population, so wealth has to be divided into its big population. The GDP per capita also indicates how a country’s wealth reaches each of its citizens. In Africa, Seychelles has the greatest GDP per capita.

Seychelles had the largest Gross Domestic Product (GDP) per capita in Africa as of 2024. The value amounted to 21,630 U.S. dollars. Mauritius followed with around 12,330 U.S. dollars, whereas Gabon registered 8,840 U.S. dollars. GDP per capita is calculated by dividing a country’s GDP by its population, meaning that some of the largest economies are not ranked within the leading ten. Impact of COVID-19 on North Africa’s GDP When looking at the GDP growth rate in Africa in 2024, Libya had the largest estimated growth in Northern Africa, a value of 7.8 percent compared to the previous year. Niger and Senegal were at the top of the list with rates of 10.4 percent and 8.3 percent, respectively. During the COVID-19 pandemic, the impact on the economy was severe. The growth of the North African real GDP was estimated at minus 1.1 percent in 2020. However, estimations for 2022 looked much brighter, as it was set that the region would see a GDP growth of six percent, compared to four percent in 2021.
Contribution of Tourism Various countries in Africa are dependent on tourism, contributing to the economy. In 2023, travel and tourism were estimated to contribute 182.6 billion U.S. dollars, a clear increase from 96.5 in 2020 following COVID-19. As of 2024, South Africa, Mauritius, and Egypt led tourism in the continent according to the Travel & Tourism Development Index.

As of January 2024, Johann Rupert and his family are the richest people in South Africa with a net worth of 9.6 billion U.S. dollars. The Rupert family are ranked at 224 globally and are the second richest people in Africa after Nigerian billionaire, Aliko Dangote, reclaimed the title. Rupert's net worth dropped by 2.2 billion U.S. dollars from 2023, mainly due to a decline in the market value of luxury goods company Richemont, where he owns an estimated 9.14 percent stake. Nicky Oppenheimer and his family placed as the second richest in South Africa, with a net worth of 9.4 billion U.S. dollars and ranking at 232 worldwide. Their net worth source was mostly founded via the diamond market. They were followed by Koos Bekker, the chairman of media group Naspers, with 2.6 billion U.S. dollars who placed 1,202 globally. Patrice Motsepe, the first black African on the Forbes list and founder of African Rainbow Minerals, ranked 1,208 out of the global billionaires list, with a net worth of 2.6 billion U.S. dollars.

Where does the wealth reside in the continent?

The three largest economies in the continent in terms of Gross Domestic Product (GDP), namely Nigeria, Egypt, and South Africa saw the highest concentration of private wealth in the continent, with South Africa ranking first when it came to private wealth. In fact, out of Africa’s 20 wealthiest families and individuals, 14 of them were from these economies. Since 2010, the number of high net worth individuals in the continent fluctuated peaking at 148 individuals in 2017 and reaching its lowest in 2020 at 125. High net worth individuals are people whose net assets exceed one million U.S. dollars. On the other hand, South Africa suffered from severe income inequality ranking as the most unequal country in the world with a Gini coefficient of 62.73 percent.

Time series data for the statistic Starting a business: Cost - Men (% of income per capita) - Score and country South Africa. Indicator Definition:The score for the cost for men benchmarks economies with respect to the regulatory best practice on the indicator. The score ranges from 0 to 100, where 0 represents the worst regulatory performance and 100 the best regulatory performance.The indicator "Starting a business: Cost - Men (% of income per capita) - Score" stands at 99.89 as of 12/31/2019, the highest value at least since 12/31/2004, the period currently displayed. Regarding the One-Year-Change of the series, the current value constitutes an increase of 0.0023 percent compared to the value the year prior.The 1 year change in percent is 0.0023.The 3 year change in percent is 0.0159.The 5 year change in percent is 0.0321.The 10 year change in percent is 2.92.The Serie's long term average value is 98.20. It's latest available value, on 12/31/2019, is 1.73 percent higher, compared to it's long term average value.The Serie's change in percent from it's minimum value, on 12/31/2003, to it's latest available value, on 12/31/2019, is +4.84%.The Serie's change in percent from it's maximum value, on 12/31/2019, to it's latest available value, on 12/31/2019, is 0.0%.

Time series data for the statistic Merchandise exports to low- and middle-income economies in Sub-Saharan Africa (% of total merchandise exports) and country Eritrea. Indicator Definition:Merchandise exports to low- and middle-income economies in Sub-Saharan Africa are the sum of merchandise exports from the reporting economy to low- and middle-income economies in the Sub-Saharan Africa region according to World Bank classification of economies. Data are as a percentage of total merchandise exports by the economy. Data are computed only if at least half of the economies in the partner country group had non-missing data.The indicator "Merchandise exports to low- and middle-income economies in Sub-Saharan Africa (% of total merchandise exports)" stands at 8.38 as of 12/31/2023, the highest value since 12/31/2011. Regarding the One-Year-Change of the series, the current value constitutes an increase of 3,126.21 percent compared to the value the year prior.The 1 year change in percent is 3,126.21.The 3 year change in percent is 6,649.59.The 5 year change in percent is 2,330.39.The 10 year change in percent is 840.87.The Serie's long term average value is 8.08. It's latest available value, on 12/31/2023, is 3.66 percent higher, compared to it's long term average value.The Serie's change in percent from it's minimum value, on 12/31/2020, to it's latest available value, on 12/31/2023, is +6,649.59%.The Serie's change in percent from it's maximum value, on 12/31/2007, to it's latest available value, on 12/31/2023, is -62.62%.

The cost-to-income ratio is a key financial measure to aid in a bank's valuation. It is calculated by dividing operating costs by operating income, and as such, a lower ratio indicates a more profitable bank. As of 2022, ABSA bank had the most favorable cost-to-income ratio, with a value of **** percent. FirstRand ranked second in the same period, with a ratio of **** percent.

Asian households measured the highest median household income among racial and ethnic groups in the United States. In 2024, Asian household incomes reached a median of 121,700 U.S. dollars. On the other hand, Black households had the lowest median income of 56,020 U.S. dollars. Overall, median household incomes in the United States stood at 83,730 U.S. dollars that year.Asian and Caucasian (white not Hispanic) households had relatively high median incomes, while the median income of Hispanic, African American, American Indian, and Alaskan Native households all came in lower than the national median. A number of related statistics illustrate further the current state of racial inequality in the United States. Unemployment is highest among Black or African American individuals in the U.S. nearing nine percent unemployed, according to the Bureau of Labor Statistics in 2024. Hispanic individuals (of any race) were most likely to go without health insurance as of 2024.

The Corporate Tax Rate in South Africa stands at 27 percent. This dataset provides - South Africa Corporate Tax Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The average monthly wage for a public worker in Saudi Arabia in the first half of 2020 was about **** thousand Saudi riyals. In comparison, the average monthly wage for a worker in the private establishment sector was *** thousand Saudi riyals in that year. Gender and income   The labor force participation gender gap in Saudi Arabia was ** percent, among the highest in the Middle East and North Africa. This gap is especially visible considering that female labor force participation rate amongst nationals in Saudi Arabia, which was only **** percent. The gender gap of the Saudi Arabian labor markets is also reflected in the difference in average monthly earnings of men and women. In all sectors apart from technical professions and the humanitarian fields as well as sales, men tend to earn more than women.  Nationality and income    The oil boom allowed Saudi Arabia to adapt the fiscal policy of a rentier state, which was heavily reliant on foreign skilled and unskilled workers. This allowed the Saudi Arabian government to offer on one hand foreign workers attractive salaries and work benefits and on the other hand its nationals decent social and welfare programs which leveled the low employment rate amongst Saudi citizens. The volatility of the energy market in the last two decades and inclining oil resources however forced the Saudi government to rethink its economic structure. The Saudi Arabian government introduced social and economic reforms as part of the Agenda 2030 to prepare and strengthen their country for a future with a diversified economy, not reliant on oil revenue and subsequently self-sufficient citizens not reliant on government handouts. Among the leading social reforms is the ‘Saudization’ of the workforce. Which forces specially the private sector to increase the employment of Saudi Nationals.