SA’s public debt could rise as high as 95% of gross domestic product by 2024 if the government doesn’t restructure the state-run utility Eskom. South Africa household debt to GDP ratio is updated quarterly, available from Mar 1969 to Sep 2020. South Africa debt to gdp ratio for 2008 was 26.02%, a 18.09% decline from 2000. Domestic credit to private sector (% of GDP) - South Africa International Monetary Fund, International Financial Statistics and data files, and World Bank and OECD GDP estimates. Historical data on the value and ratio of South Africa public debt to its Gross Domestic Product. Direct access to our calendar releases and historical data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds. The Trading Economics Application Programming Interface (API) provides direct access to our data. Direct access to our calendar releases and historical data. Canada’s national debt currently sits at about $1.2 trillion CAD ($925 billion USD). Finance Minister, Tito Mboweni, announced the plan on Wednesday, February 24, 2021, during his presentation of the nation’s budget statement. The data reached an all-time high of 75.2 % in Sep 2020 and a record low of 26.0 % in Sep 2008. South African Rand Pare Gains on Bleak Data, South Africa Factory Output Falls More Than Estimated, South Africa Mining Activity Shrinks More than Expected, South Africa Current Account Surplus Narrows in Q4, South African Stocks Follow Global Peers Higher, South Africa Business Sentiment Weakens in Q1, South Africa GDP Grows More than Expected in Q4, South Africa Forex Reserves Fall to 3-Month Low, South Africa Private Sector Growth Slows in February, South Africa Absa Manufacturing PMI at 4-Month High, US Stocks Rally amid Stimulus, Falling Claims, Baltic Exchange Dry Index Hovers Around 5-Month High, US Initial Jobless Claims Lower than Forecasts, German 10-Year Bund Yield Falls to 1-Week Low, Spanish Stocks Extend Gains to Over 1-Year High, French Stocks Extend Gains to Over 1-Year High, European Stocks Hold Gains after ECB Meeting. South Africa’s gross loan debt stood at R2,2 trillion in 2016/17, according to the National Treasury. Publish your articles and forecasts in our website. $374,946,000,000. 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. It all boils down to Zuma’s regime going on a spending spree while economic growth has dramatically ground to a halt. License : CC BY-4.0 The rise in debt was observed in eight of the nine industries, according to Stats SA’s latest Annual financial statistics (AFS) release2. Because debt is a stock rather than a flow, it is measured as of a given date, usually the last day of the fiscal year. The South African Government has set for itself a plan to stabilize its debt 88.9% of GDP in 2025/26. South Africa debt to gdp ratio for 2000 was 44.11%, a 2.66% decline from 1999. In 2020, government debt (% of GDP) for South Africa was 78.8 %. The statistic shows the national debt of South Africa from 2015 to 2019, with projections up until 2025. 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. Many of these borrowings are not recorded and transparency is weak when it comes to how the funds are used. Publish your articles and forecasts in our website. GDP Of South Africa. Countries by household debt, loans and debt securities as % of GDP 1980 to 2018 South Africa Sees Debt Topping 100% of GDP in 2025. Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. 54,500,000. Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices. The tables include public and publicly guaranteed debt stock and debt services due by creditor country. In terms of constant 2005 USD GDP the 33-country sample represents 53 percent of the larger sample, but 80 percent if excluding South Africa from the latter group. Download historical data for 20 million indicators using your browser. South Africa’s debt levels will exceed 100% of gross domestic product in 2025 and rise to almost 114% before the end of … 6 This translates to about R40 000 per person living in the country. GDP is from World Development Indicators.End-of period CPI is taken from IFS line 64M..ZF month of December (or if not available Q4). South Africa's debt to top 100% of its GDP in 2025 The country’s finances have deteriorated rapidly over the past decade, partly due to a series of bailouts for loss-making state-owned companies A South African woman wearing a face mask whilst carrying a bag of vegetables atop her head, walks past a wall with Covid-19 in Soweto. South Africa household debt accounted for 46.8 % of the country's Nominal GDP in Sep 2020, compared with the ratio of 45.7 % in the previous quarter. The latest comprehensive information for - South Africa Government Debt to GDP - including latest news, historical data table, charts and more. This statistic shows the national debt of South Africa from 2015 to 2019 in relation to gross domestic product (GDP), with projections up until 2025. The data reached an all-time high of 54.2 % in Dec 2007 and a record low of 25.2 % in Jun 1980. South Africa's gross domestic product (GDP) in the fourth quarter (Q4) of 2020 grew at a seasonally adjusted and annualised rate of 6.3%, which was better than expected. However, due to the slower consolidation path, the peak and stabilization of debt is seen at 95.3% of GDP in FY 2025–2026—a higher level and later date compared to the June estimate. Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices. 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. Households Debt To GDP in South Africa averaged 37.65 percent of GDP from 2008 until 2020, reaching an all time high of 43.90 percent of GDP in the first quarter of 2008 and a record low of 33.10 percent of GDP in the fourth quarter of 2017. Consumer Confidence Economic Expectations, Consumer Confidence Financial Expectations, Consumer Confidence Major Purchases Expectations, South African Rand Pare Gains on Bleak Data, South Africa Factory Output Falls More Than Estimated, South Africa Mining Activity Shrinks More than Expected, South Africa Current Account Surplus Narrows in Q4, South African Stocks Follow Global Peers Higher, South Africa Business Sentiment Weakens in Q1, South Africa GDP Grows More than Expected in Q4, South Africa Forex Reserves Fall to 3-Month Low, South Africa Private Sector Growth Slows in February, South Africa Absa Manufacturing PMI at 4-Month High, US Stocks Rally amid Stimulus, Falling Claims, Baltic Exchange Dry Index Hovers Around 5-Month High, US Initial Jobless Claims Lower than Forecasts, German 10-Year Bund Yield Falls to 1-Week Low, Spanish Stocks Extend Gains to Over 1-Year High, French Stocks Extend Gains to Over 1-Year High, European Stocks Hold Gains after ECB Meeting. The figures are deflated using the following methodology: {(0.5)*[Ft/P_et + Ft-1/P_et-1]}/[GDPt/P_at] where F is the level intenational private debt, P_e is end-of period CPI, and P_a is average annual CPI. South Africa sees government debt exceeding 100% of GDP South Africa sees government debt exceeding 100% of GDP Staff Writer 20 June 2020 … CEIC calculates quarterly Government Debt as % of Nominal GDP from monthly Government Debt and rolling sum of quarterly Nominal GDP. Moody’s estimates that the debt burden will reach … Public debt as a percentage of GDP The R3 trillion in debt owed by the South African government is 60% of the countries gross domestic product (GDP), … Download historical data for 20 million indicators using your browser. In terms of GDP the coverage is somehow lower because the small sample does not include Angola and most importantly South Africa, for both of which there is no DSA available. In 2019 the total worth of South Africa's economy, in current prices amounted to R5.077 trillion according to data from Statistics South Africa. Since 1996, at the end of over twelve years of international sanctions, South Africa's Gross Domestic Product almost tripled to peak at $400 billion in 2011, but … He stated that the intention was to … The president stated that the R500 billion relief package is about 10% of South Africa's GDP. 7. South Africa is not alone in seeing its debt levels surge in the face of a Covid-triggered global economic collapse. JOHANNESBURG — South Africa’s debt-to-GDP ratio stands at 50,7% of the GDP, dramatically up from 27.8% in 2008. Russia’s debt ratio is one of the lowest in the world at 19.48% of its GDP. But not all debts are equal. In this guide to South Africa’s National Debt, we discuss the amount of the debt, how it’s calculated, who controls it, who holds the debt, how the government raises funds, and … Servicing this level of debt can be expensive. Russia is the ninth least indebted country in the world. The Trading Economics Application Programming Interface (API) provides direct access to our data. South Africa Population. The government also kept its forecast of public debt rising from 63.3% of GDP in FY 2019–2020 to 81.8% of GDP by March 2021. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds. 2008-2020 Data | 2021-2023 Forecast | Historical, source: Bank for International Settlements. read more ». Total debt amounted to R5,7 trillion in 2016. Russia’s debt is currently at a total of over 14 billion руб ($216 billion USD). Such hidden debts are estimated to … Canada’s national debt is currently at 83.81% of its GDP. Statistics on external debt. Government debt (% of GDP) of South Africa increased from 42.4 % in 2001 to 78.8 % in 2020 growing at an average annual rate of 3.78%. Most of Russia’s external debt is private. South Africa recorded a government debt equivalent to 62.2 percent of the country’s GDP in 2019. 62.31%. The amount of debt held by the formal business sector1 was up 5,9% in 2016 compared with 2015. South Africa government debt to GDP ratio data is updated quarterly, available from Dec 1960 to Sep 2020. Add into the mix wasteful expenditure and corruption, and you’ve got a dangerous mix. Interest payments accounted for 9,2% (or R146 billion) of general government expenditure (R1,58 trillion) in 2016/17. Data are shown for 68 out of 73 eligible countries to 2020 Debt Service Suspension Initiative (DSSI) that report external debt to the World Bank’s Debtor Reporting System (DRS). 2000-2019 Data | 2020-2021 Forecast | Historical. South Africa debt-to-GDP … South Africa Government Debt to GDP was 62.2 % in 2021.
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