The World Bank has classified South Africa as a Newly Industrialized Country (NIC), with the second largest economy in Africa and the 35th largest in the world. The country is an upper-middle power in international affairs; it maintains significant regional influence and is a member of both the Commonwealth of Nations and the G20. However, poverty, crime, and inequality are still widespread, and about 1/4 of the population is unemployed and lives on less than $1.25 a day.
