South Africa: Economy

South Africa is the most advanced economy on the African continent. An open economy trading aggressively within the world economy, South Africa’s concerns centre on increasing access to the markets of the development world and being allowed to compete freely on equal terms.

Among the key sectors that keep South Africa’s economic engine running are manufacturing, wholesale and retail trade, financial services, transport, mining, agriculture and tourism.

South Africa’s economy was traditionally rooted in the primary sectors – the result of a wealth of mineral resources and favourable agricultural conditions. Its is followed by general government services at 17%, and then the sector of wholesale, retail and motor trade, catering and accommodation at 15%.

South Africa has a highly developed economy and an advanced infrastructure. One of the world’s largest exporters of gold, platinum, and other natural resources, it also has well-established financial, legal, communications, energy, and transport sectors as well as the continent’s largest stock exchange.

Out of 133 countries ranked by per capita GNP, India ranks as one of the poorest low-income countries, at position 23, above the very poorest. South Africa ranks at position 93, in the group of upper-middle-income countries. South Africa’s per capita income is close to 10 times that of India’s.

Ecuador joins countries where Indians easily get citizenship due to their citizenship by investment programme. It’s a small but developing country in the top west coast of South America having immense tourism and economic potential.

10 Best Countries for Americans Who Want to Live Abroad

• South Korea.
• Canada.
• Austria.
• Ghana.
• Singapore.
• Sweden.
• New Zealand. The Wellington Cable Car runs between the CBD and the hill suburb of Kelburn with viewas of the harbour.
• Spain. Plaza in Seville, Spain during the day with people walking around.

Countries That Will Pay You to Move There

• Antikythera, Greece. The Greek island of Antikythera has less than 50 inhabitants, and the Greek Orthodox Church will pay you to move there.
• Candela, Italy.
• Denmark.
• Ireland.
• Kaitangata, New Zealand.
• Korea, Thailand, and Vietnam.
• Mauritius.
• Ponga Village, Spain.

Here are the top 10 countries where expats are happiest with their work and personal lives in 2021.

1. Taiwan. Getty Images.
2. Mexico. Getty Images.
3. Costa Rica. Getty Images.
4. Malaysia. Rustam Azmi | Getty Images.
5. Portugal. Marco Bottigelli.
6. New Zealand. Westend61 | Getty Images.
7. Australia. Prasit photo | Moment | Getty Images.
8. Ecuador.

Top 10 Friendliest Countries in the World

1. Portugal. Portugal tops the list as the #1 friendliest country on the planet.
2. Taiwan. Taiwan, an island in East Asia, comes in at #2 on the list.
3. Mexico. Mexico remains one of the most popular destinations in the world.
4. Cambodia.
5. Bahrain.
6. Costa Rica.
7. Oman.
8. Colombia.

Here are some of the services that let travelers shack up for free.

1. Housesitting. In addition to costs, another reason people say they don’t travel is the hassle of finding someone to care for their pets.
2. Child care.
3. Work exchange.
4. Couchsurfing.
5. House swapping.

Many countries allow a fee-free period for American visitors that usually ranges from 30 days to 180 days. If you want to stay beyond this date, you’ll need to apply for an extension in accordance with that country’s laws.

Ten Countries You Can Start a New Life In | Top 10 List

• The Bahamas: The Bahamas is among the few countries which have no income tax.
• Singapore: If you’re looking for a stable life among orderly people, Singapore is the answer.
• Hong Kong: This place is one of the most popular foods and entertainment centres in Asia.

How to Make Money While Living Abroad: 18 Job Ideas

1. Switch to Remote Work. Photo via @digitalnomadistas.
2. Work for a Travel Company. Photo via @advwomen.
3. Be a Free Tour Guide. Photo via @elisabethappy.
4. Consider Becoming an Au Pair.
5. Teach English.
6. Work as a Digital Translator.
7. Monetize Your Gap Year.
8. Do Freelance Work.

Best Countries to work in and make a good income

• United Kingdom. It’s unclear where the country will stand after Brexit, but currently, the UK is in the top 10 highest-paying countries and is one of the best to work in.
• Japan.
• China.
• Hong Kong.
• Turkey.
• Australia.
• Canada.
• France.