Benefit-cost ratio - All Social Insurance - 1st quintile (poorest) in South Africa
South Africa: Benefit-cost ratio - All Social Insurance - 1st quintile (poorest) was 0.0521 in 2021. ▲ Rising
Benefit-cost ratio - All Social Insurance - 1st quintile (poorest) in South Africa, 2005–2021
Source: ASPIRE.
Analysis
The most recent figure for benefit-cost ratio - all social insurance - 1st quintile (poorest) in South Africa is 0.0521, measured in 2021.
Compared with earlier readings it is up 17.6% on the previous year and up 41.1% over ten years.
Over the whole period, benefit-cost ratio - all social insurance - 1st quintile (poorest) in South Africa peaked at 0.0994 in 2018 and was at its lowest, 0.0297, in 2005.
That places South Africa 29th out of 34 countries with data for 2021, putting it in the bottom quarter.
Benefit-cost ratio - All Social Insurance - 1st quintile (poorest) in South Africa, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | 0.0297 | — |
| 2014 | 0.0369 | +24.3% |
| 2016 | 0.0531 | +43.7% |
| 2018 | 0.0994 | +87.3% |
| 2019 | 0.0527 | -47.0% |
| 2020 | 0.0443 | -15.9% |
| 2021 | 0.0521 | +17.6% |
South Africa compared with similar countries
- South Africa's 0.0521 is below the median for upper middle income countries, which is 0.1531, 34% of the median. (22 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 0.0297 | 0.0297 | 0.0297 | 1 |
| 2010s | 0.0605 | 0.0369 | 0.0994 | 4 |
| 2020s | 0.0482 | 0.0443 | 0.0521 | 2 |
Countries ranked near South Africa
- 26 Costa Rica 0.0688 compare
- 27 Peru 0.0678 compare
- 28 Bolivia, Plurinational State of 0.0545 compare
- 30 Ecuador 0.051 compare
- 31 El Salvador 0.0354 compare
- 32 Paraguay 0.0337 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 0.0521 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 0.0994 in 2018.
- What is the lowest benefit-cost ratio - all social insurance - 1st quintile (poorest) recorded in South Africa?
- The lowest recorded value was 0.0297 in 2005.
- How does South Africa rank for benefit-cost ratio - all social insurance - 1st quintile (poorest)?
- South Africa ranks 29th out of 34 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 up 41.1%. The long-run trend across the full record is rising.
- 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) -urban. 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 (%)