Benefit-cost ratio - All Social Insurance -1st quintile (poorest) in South Africa
South Africa: Benefit-cost ratio - All Social Insurance -1st quintile (poorest) was 0.0536 in 2021. ◆ Volatile
Latest (2021)
0.0536
Change on year
up 50.1%
World rank
24th
of 31 countries
All-time high
0.1627
in 2018
All-time low
0.0357
in 2020
Years of data
7
2005–2021
Benefit-cost ratio - All Social Insurance -1st quintile (poorest) in South Africa, 2005–2021
Source: ASPIRE.
Analysis
South Africa recorded 0.0536 for benefit-cost ratio - all social insurance -1st quintile (poorest) in 2021.
That represents a change of up 50.1% on the previous year and down 36.5% over ten years.
Over the whole period, benefit-cost ratio - all social insurance -1st quintile (poorest) in South Africa peaked at 0.1627 in 2018 and was at its lowest, 0.0357, in 2020.
South Africa ranks 24th of 31 countries on this measure, in the bottom quarter.
Benefit-cost ratio - All Social Insurance -1st quintile (poorest) in South Africa, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | 0.1032 | — |
| 2014 | 0.0843 | -18.2% |
| 2016 | 0.0509 | -39.7% |
| 2018 | 0.1627 | +219.9% |
| 2019 | 0.0499 | -69.3% |
| 2020 | 0.0357 | -28.4% |
| 2021 | 0.0536 | +50.1% |
South Africa compared with similar countries
- South Africa's 0.0536 is below the median for upper middle income countries, which is 0.1843, 29% of the median. (20 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 0.1032 | 0.1032 | 0.1032 | 1 |
| 2010s | 0.0869 | 0.0499 | 0.1627 | 4 |
| 2020s | 0.0446 | 0.0357 | 0.0536 | 2 |
Countries ranked near South Africa
- 21 Costa Rica 0.1168 compare
- 22 Brazil 0.0942 compare
- 23 El Salvador 0.0678 compare
- 25 Mexico 0.0488 compare
- 26 Dominican Republic 0.0485 compare
- 27 Peru 0.04 compare
More work & labour data for South Africa
- Population - Est. & Proj. — Total Population - Both sexes, annual 0.2264 % change on previous year (2100)
- Population - Est. & Proj. — Total Population - Male, annual growth 0.242 % change on previous year (2100)
- Population - Est. & Proj. — Total Population - Female, annual growth 0.2122 % change on previous year (2100)
- Population - Est. & Proj. — Rural population, annual growth rate -1.23 % change on previous year (2050)
- Population - Est. & Proj. — Urban population, annual growth rate 0.8748 % change on previous year (2050)
- Population - Est. & Proj. — Urban population 58,057 1000 No (2050)
- Population - Est. & Proj. — Rural population 14,698 1000 No (2050)
- Population - Est. & Proj. — Total Population - Female 49,126 1000 No (2100)
- Population - Est. & Proj. — Total Population - Male 45,189 1000 No (2100)
- Population - Est. & Proj. — Total Population - Both sexes 94,314 1000 No (2100)
Frequently asked questions
- What is benefit-cost ratio - all social insurance -1st quintile (poorest) in South Africa?
- Benefit-cost ratio - all social insurance -1st quintile (poorest) in South Africa was 0.0536 in 2021, according to ASPIRE.
- What is the highest benefit-cost ratio - all social insurance -1st quintile (poorest) recorded in South Africa?
- The highest recorded value was 0.1627 in 2018.
- What is the lowest benefit-cost ratio - all social insurance -1st quintile (poorest) recorded in South Africa?
- The lowest recorded value was 0.0357 in 2020.
- How does South Africa rank for benefit-cost ratio - all social insurance -1st quintile (poorest)?
- South Africa ranks 24th out of 31 countries with data for 2021.
- Is benefit-cost ratio - all social insurance -1st quintile (poorest) rising or falling in South Africa?
- Over the last ten years it is down 36.5%. The long-run trend across the full record is volatile.
- Where does this South Africa data come from?
- The figures come from ASPIRE, published as part of Benefit-cost ratio - All Social Insurance -1st quintile (poorest) -rural. Statizoid updates them automatically from the source API.
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About this data
Poverty gap reduction obtained for each $1 spent in Social Insurance programs (%)