South Africa recorded a government debt equivalent to 62.20 percent of the country's Gross Domestic Product in 2019. source: South African Reserve Bank

Government Debt to GDP in South Africa averaged 41.45 percent from 2000 until 2019, reaching an all time high of 62.20 percent in 2019 and a record low of 27.80 percent in 2008. This page provides - South Africa Government Debt To GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. South Africa Government Debt to GDP - values, historical data and charts - was last updated on February of 2021.

Government Debt to GDP in South Africa is expected to reach 81.80 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the South Africa Government Debt to GDP is projected to trend around 83.00 percent in 2021 and 86.00 percent in 2022, according to our econometric models.

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South Africa Government Debt to GDP

Actual Previous Highest Lowest Dates Unit Frequency
62.20 56.70 62.20 27.80 2000 - 2019 percent Yearly

South Africa Government Last Previous Highest Lowest Unit
Government Debt to GDP 62.20 56.70 62.20 27.80 percent [+]
Government Budget -6.30 -4.20 1.00 -7.40 percent of GDP [+]
Government Budget Value 10985.00 -21911.00 44018.00 -107881.00 ZAR Million [+]
Government Spending 653476.00 652379.00 655913.00 65991.00 ZAR Million [+]
Government Revenues 180084.00 98130.00 180084.00 36.00 ZAR Million [+]
Government Debt 64685.00 57650.00 81061.00 11594.00 USD Million [+]
Fiscal Expenditure 169099.00 120040.00 203164.00 46.00 ZAR Million [+]
Credit Rating 45.00 [+]
Military Expenditure 3449.00 3639.00 5472.00 224.00 USD Million [+]

South Africa Government Debt to GDP
Generally, Government debt as a percent of GDP is used by investors to measure a country ability to make future payments on its debt, thus affecting the country borrowing costs and government bond yields.