Is South Africa a developed country?

South Africa is not a developed country. South Africa is the second largest economy in Africa. Its citizens have a high standard of living and its economy is relatively stable compared to other African countries.

South Africa is a middle-income developing country and one of the most economically developed countries in Africa. Natural resources are very rich. The financial and legal systems are relatively complete, and infrastructure such as communications, transportation, and energy are good.

Mining, manufacturing, agriculture and service industries are all relatively developed and are the four pillars of the economy. Deep mine mining and other technologies are in a leading position in the world. However, the development of various departments and regions of the national economy is uneven, and the dual economic characteristics of urban and rural areas and black and white are obvious.

The pillars of South Africa's economy:

Tourism: It is currently one of the fastest growing industries in South Africa, with output value accounting for approximately 9% of GDP and employing 1.4 million people. It has rich tourism resources and complete facilities. There are more than 700 large hotels, more than 2,800 large and small hotels, inns and more than 10,000 restaurants. Tourist spots are mainly concentrated in the northeast and east and south coastal areas. Ecotourism and folk tourism are the two main growth points of South Africa's tourism industry.

Foreign trade: South Africa is the world's largest gold producer and exporter. In 2001, gold exports accounted for 11% of South Africa's total exports. However, due to the decline in gold prices in the international market, platinum group metals have gradually replaced gold as the most important export mineral products. South Africa is also the world's major diamond producer, accounting for about 8.7% of the world's output.