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Gross Domestic Product (GDP) per capita in South Africa was increasing at a relatively steady pace, the latest survey by the South African Institute for Race Relations published on Thursday showed.
"... The Government's current macro-economic policies are to be praised for contributing towards this. "It should be further emphasised that the current rate of increase in GDP per capita is at its highest in nearly 30 years, further evidence of the success of government economic policies, Marius Roodt, of SAIRR said.
"These figures should give the new ANC administration some food for thought, as the centrist economic policies followed by the Mandela and Mbeki administrations are showing concrete signs of success in increasing the wealth of the country, as well as that of ordinary South Africans," Roodt added.
Gross Domestic Product (GDP) per capita measures economic activity or income per person and is one of the core indicators of economic performance.
Real GDP per capita in South Africa in 2007 was R25,449, measured at constant 2000 prices, the survey found.
"This is on the back of steady economic growth over the past five years, and a steady increase in average GDP in the country, as economic growth has outstripped population growth," Roodt said.
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