South Africa Forecast: Unemployment Rate

1980 - 2029 | Yearly | % | International Monetary Fund

Key information about South Africa Unemployment Rate Forecast

  • South Africa Unemployment Rate is forecasted to be 33.676 % in Dec 2024 as reported by International Monetary Fund
  • It records an increase from the last reported number of 33.100 % in Dec 2023
  • Looking ahead, South Africa Unemployment Rate is projected to stand at 34.738 % in Dec 2029
  • The data is updated yearly and is categorized in CEIC under World Trend Plus’s Country Forecast – Table IMF.WEO: Unemployment Rate

View South Africa's Forecast: Unemployment Rate from 1980 to 2029 in the chart:

South Africa Forecast: Unemployment Rate

What is South Africa's Forecast: Unemployment Rate in 2029?

South Africa Unemployment Rate is forecasted to be 33.676 % in Dec 2024 as reported by International Monetary Fund See the table below for more data.

Last Previous Min Max Unit Frequency Range
34.738 2029 34.526 2028 9.241 1980 34.738 2029 % yearly 1980 - 2029

Forecast: Unemployment Rate by Country Comparison

country/region Last Frequency Range
Afghanistan (%) 0.000 yearly -
Albania (%) 10.700 2029 yearly 1980 - 2029
Algeria (%) 11.383 2019 yearly 1980 - 2019
Andorra (%) 1.550 2029 yearly 2010 - 2029
Angola (%) 0.000 yearly -
Antigua and Barbuda (%) 0.000 yearly -
Argentina (%) 7.000 2029 yearly 1980 - 2029
Armenia (%) 14.000 2029 yearly 2001 - 2029
Aruba (%) 5.091 2026 yearly 1991 - 2026
Australia (%) 4.524 2029 yearly 1980 - 2029
Austria (%) 5.179 2028 yearly 1980 - 2028
Azerbaijan (%) 5.098 2029 yearly 2000 - 2029
Bahamas (%) 9.500 2029 yearly 1986 - 2029
Bahrain (%) 6.300 2023 yearly 2007 - 2023
Bangladesh (%) 0.000 yearly -
Barbados (%) 7.677 2029 yearly 1981 - 2029
Belarus (%) 2.898 2029 yearly 1993 - 2029
Belgium (%) 5.700 2029 yearly 1980 - 2029
Belize (%) 3.400 2029 yearly 1990 - 2029
Benin (%) 0.000 yearly -
Bhutan (%) 3.500 2023 yearly 2003 - 2023
Bolivia (%) 5.200 2029 yearly 2000 - 2029
Bosnia and Herzegovina (%) 13.200 2029 yearly 1995 - 2029
Botswana (%) 0.000 yearly -
Brazil (%) 7.482 2029 yearly 1991 - 2029
Brunei (%) 4.900 2029 yearly 2011 - 2029
Bulgaria (%) 4.000 2029 yearly 1989 - 2029
Burkina Faso (%) 0.000 yearly -
Burundi (%) 0.000 yearly -
Cambodia (%) 0.000 yearly -
Cameroon (%) 0.000 yearly -
Canada (%) 5.960 2029 yearly 1980 - 2029
Cape Verde (%) 8.500 2029 yearly 1980 - 2029
Central African Republic (%) 0.000 yearly -
Chad (%) 0.000 yearly -
Chile (%) 7.500 2029 yearly 1980 - 2029
China (%) 5.100 2029 yearly 2017 - 2029
Colombia (%) 9.400 2029 yearly 1980 - 2029
Comoros (%) 0.000 yearly -
Congo (%) 0.000 yearly -
Costa Rica (%) 9.000 2026 yearly 1980 - 2026
Croatia (%) 5.466 2029 yearly 1991 - 2029
Cyprus (%) 4.979 2029 yearly 1982 - 2029
Czech Republic (%) 2.300 2028 yearly 1995 - 2028
Democratic Republic of Congo (%) 0.000 yearly -
Denmark (%) 5.000 2028 yearly 1980 - 2028
Djibouti (%) 0.000 yearly -
Dominica (%) 0.000 yearly -
Dominican Republic (%) 6.000 2029 yearly 1991 - 2029
Ecuador (%) 3.500 2029 yearly 1988 - 2029
Egypt (%) 5.502 2029 yearly 1990 - 2029
El Salvador (%) 5.216 2029 yearly 1988 - 2029
Equatorial Guinea (%) 0.000 yearly -
Eritrea (%) 0.000 yearly -
Estonia (%) 6.508 2029 yearly 1993 - 2029
Swaziland (%) 25.000 2016 yearly 1995 - 2016
Ethiopia (%) 0.000 yearly -
Fiji (%) 4.500 2029 yearly 1986 - 2029
Finland (%) 7.100 2028 yearly 1980 - 2028
France (%) 6.663 2028 yearly 1980 - 2028
Gabon (%) 0.000 yearly -
Gambia (%) 0.000 yearly -
Georgia (%) 14.500 2029 yearly 1996 - 2029
Germany (%) 2.963 2028 yearly 1980 - 2028
Ghana (%) 0.000 yearly -
Greece (%) 9.000 2028 yearly 1980 - 2028
Grenada (%) 0.000 yearly -
Guatemala (%) 0.000 yearly -
Guinea (%) 0.000 yearly -
Guinea-Bissau (%) 0.000 yearly -
Guyana (%) 0.000 yearly -
Haiti (%) 0.000 yearly -
Honduras (%) 8.000 2029 yearly 1980 - 2029
Hong Kong SAR, China (%) 2.669 2029 yearly 1980 - 2029
Hungary (%) 3.689 2029 yearly 1980 - 2029
Iceland (%) 4.000 2029 yearly 1980 - 2029
India (%) 0.000 yearly -
Indonesia (%) 5.100 2029 yearly 1984 - 2029
Iran (%) 9.000 2029 yearly 1990 - 2029
Iraq (%) 0.000 yearly -
Ireland (%) 4.507 2028 yearly 1985 - 2028
Israel (%) 3.900 2029 yearly 1980 - 2029
Italy (%) 8.250 2028 yearly 1980 - 2028
Ivory Coast (%) 0.000 yearly -
Jamaica (%) 4.400 2023 yearly 1980 - 2023
Japan (%) 2.300 2028 yearly 1980 - 2028
Jordan (%) 21.975 2023 yearly 1984 - 2023
Kazakhstan (%) 4.775 2029 yearly 1994 - 2029
Kenya (%) 0.000 yearly -
Kiribati (%) 0.000 yearly -
South Korea (%) 3.000 2029 yearly 1980 - 2029
Kosovo (%) 10.875 2023 yearly 2012 - 2023
Kuwait (%) 2.200 2028 yearly 2002 - 2028
Kyrgyzstan (%) 9.014 2029 yearly 1994 - 2029
Laos (%) 0.000 yearly -
Latvia (%) 6.286 2029 yearly 1992 - 2029
Lebanon (%) 0.000 yearly -
Lesotho (%) 0.000 2015 yearly 2000 - 2015
Liberia (%) 0.000 yearly -
Libya (%) 0.000 yearly -

Accurate Macro & Micro Economic Data You Can Trust

Explore the most complete set of 6.6 million time series covering more than 200 economies, 20 industries and 18 macroeconomic sectors.

Learn more about what we do

South Africa Key Series

Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -4.5 Sep 2024 quarterly Dec 1990 - Sep 2024
Consolidated Fiscal Balance (USD mn) -2,620.729 Oct 2024 monthly Jan 1990 - Oct 2024
Tax Revenue (USD mn) 6,271.439 Oct 2024 monthly Jan 1990 - Oct 2024
Tax Revenue: % of GDP (%) 21.6 Sep 2024 quarterly Mar 1990 - Sep 2024
National Government Debt (USD mn) 310,853.4 Oct 2024 monthly Jan 1960 - Oct 2024
Government Debt: % of GDP (%) 75.1 Sep 2024 quarterly Dec 1960 - Sep 2024
Forecast: Government Expenditure (ZAR bn) 3,210.549 2029 yearly 2000 - 2029
Forecast: Government Net Debt (ZAR bn) 8,316.118 2029 yearly 2000 - 2029
Forecast: Government Revenue (ZAR bn) 2,703.075 2029 yearly 2000 - 2029
National Govt Expenditure (ZAR mn) 158,537.000 Oct 2024 monthly Jan 1990 - Oct 2024
National Govt Revenue (ZAR mn) 112,452.000 Oct 2024 monthly Jan 1990 - Oct 2024
National Govt Balance (ZAR mn) -46,085.000 Oct 2024 monthly Jan 1990 - Oct 2024
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 3.612 2028 yearly 1980 - 2028
Trade Balance (USD mn) 832.2 Oct 2024 monthly Oct 2004 - Oct 2024
Total Exports (USD mn) 10,213.6 Oct 2024 monthly Oct 2004 - Oct 2024
Total Exports Growth (%) 5.6 Oct 2024 monthly Oct 2005 - Oct 2024
Aluminum: Exports (USD th) 2,085,195.221 2023 yearly 1995 - 2023
Exports: Medicament (USD th) 360,954.969 2023 yearly 1995 - 2023
Exports: Medicinal and Pharmaceutical Product (USD th) 127,325.046 2023 yearly 1995 - 2023
Total Imports (USD mn) 9,381.4 Oct 2024 monthly Oct 2004 - Oct 2024
Total Imports Growth (%) -9.9 Oct 2024 monthly Oct 2005 - Oct 2024
Imports: Medicament (USD th) 1,817,229.560 2023 yearly 1995 - 2023
Imports: Medicinal and Pharmaceutical Product (USD th) 696,045.515 2023 yearly 1995 - 2023
Total Exports to USA (USD mn) 717.973 Oct 2024 monthly Jan 1998 - Oct 2024
Total Imports from USA (USD mn) 582.992 Oct 2024 monthly Jan 1998 - Oct 2024
Total Exports to China (USD mn) 857.332 Oct 2024 monthly Jan 1998 - Oct 2024
Total Imports from China (USD mn) 2,166.622 Oct 2024 monthly Sep 1999 - Oct 2024
Exports: Chemical Products (ZAR mn) 10,608.900 Oct 2024 monthly Jan 2010 - Oct 2024
Exports: Machinery and Mechanical Appliances (ZAR mn) 14,110.400 Oct 2024 monthly Jan 2010 - Oct 2024
Exports: Mineral Products (ZAR mn) 41,099.200 Oct 2024 monthly Jan 2010 - Oct 2024
Exports: Base Metals (ZAR mn) 16,116.100 Oct 2024 monthly Jan 2010 - Oct 2024
Exports: Natural Pearls and Precious Metal (ZAR mn) 39,593.000 Oct 2024 monthly Jan 2010 - Oct 2024
Exports: China (ZAR) 15,076,011,808.000 Oct 2024 monthly Jan 2009 - Oct 2024
Exports: Japan (ZAR) 8,303,524,065.000 Oct 2024 monthly Jan 2009 - Oct 2024
Exports: United States (ZAR) 12,625,410,262.000 Oct 2024 monthly Jan 2009 - Oct 2024
Exports: Germany (ZAR) 11,293,666,899.000 Oct 2024 monthly Jan 2009 - Oct 2024
Exports: United Kingdom (ZAR) 5,690,828,835.000 Oct 2024 monthly Jan 2009 - Oct 2024
Exports (ZAR mn) 179,603.300 Oct 2024 monthly Jan 2010 - Oct 2024
Imports: Mineral Products (ZAR mn) 27,484.200 Oct 2024 monthly Jan 2010 - Oct 2024
Imports: Vehicles (ZAR mn) 16,516.800 Oct 2024 monthly Jan 2010 - Oct 2024
Imports: Machinery and Mechanical Appliances (ZAR mn) 36,187.600 Oct 2024 monthly Jan 2010 - Oct 2024
Imports: Textiles (ZAR mn) 6,997.200 Oct 2024 monthly Jan 2010 - Oct 2024
Imports: Chemical Products (ZAR mn) 17,927.200 Oct 2024 monthly Jan 2010 - Oct 2024
Imports: China (ZAR) 38,099,611,424.000 Oct 2024 monthly Jan 2009 - Oct 2024
Imports: Japan (ZAR) 3,768,645,250.000 Oct 2024 monthly Jan 2009 - Oct 2024
Imports: United States (ZAR) 10,251,795,243.000 Oct 2024 monthly Jan 2009 - Oct 2024
Imports: United Kingdom (ZAR) 2,999,180,357.000 Oct 2024 monthly Jan 2009 - Oct 2024
Imports: Germany (ZAR) 10,661,776,909.000 Oct 2024 monthly Jan 2009 - Oct 2024
Imports (ZAR mn) 164,969.900 Oct 2024 monthly Jan 2010 - Oct 2024
Export Value Index (2015=100) 152.554 2021 yearly 1980 - 2021
Import Value Index (2015=100) 108.922 2021 yearly 1980 - 2021
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) -955.2 Sep 2024 quarterly Mar 1985 - Sep 2024
Current Account Balance (USD mn) -932.5 Mar 2023 quarterly Mar 1960 - Mar 2023
Current Account Balance: % of GDP (%) -1.0 Sep 2024 quarterly Mar 1960 - Sep 2024
Foreign Direct Investment (USD mn) -180.4 Sep 2024 quarterly Mar 1985 - Sep 2024
Foreign Direct Investment: % of GDP (%) -0.2 Sep 2024 quarterly Mar 1985 - Sep 2024
Foreign Portfolio Investment (USD mn) 2,538.594 Sep 2024 quarterly Mar 1985 - Sep 2024
Foreign Portfolio Investment: % of GDP (%) 2.5 Sep 2024 quarterly Mar 1985 - Sep 2024
Foreign Portfolio Investment: Equity Securities (USD mn) 231.0 Sep 2024 quarterly Mar 1985 - Sep 2024
Foreign Portfolio Investment: Debt Securities (USD mn) 2,307.615 Sep 2024 quarterly Mar 1985 - Sep 2024
External Debt (USD mn) 163,852.0 Jun 2024 quarterly Dec 1985 - Jun 2024
External Debt: % of GDP (%) 41.5 2023 yearly 1985 - 2023
External Debt: Short Term (USD mn) 33,647.0 Mar 2024 quarterly Dec 2002 - Mar 2024
External Debt: Short Term: % of GDP (%) 8.4 2023 yearly 1994 - 2023
Forecast: Current Account Balance (USD bn) -10.305 2029 yearly 1980 - 2029
Net International Investment Position (USD mn) 112,572.209 Jun 2024 quarterly Dec 2012 - Jun 2024
BoP: Current Account: Exports: Merchandise (ZAR mn) 475,890.000 Sep 2024 quarterly Mar 1960 - Sep 2024
BoP: Current Account: Exports: Net Gold (ZAR mn) 34,789.000 Sep 2024 quarterly Mar 1960 - Sep 2024
BoP: Current Account: Receipts: Income (ZAR mn) 53,866.000 Sep 2024 quarterly Mar 1960 - Sep 2024
BoP: Current Account: Less Imports: Merchandise (ZAR mn) 466,372.000 Sep 2024 quarterly Mar 1960 - Sep 2024
BoP: Current Account: Less Payments: Services (ZAR mn) 93,592.000 Sep 2024 quarterly Mar 1960 - Sep 2024
BoP: Current Account: Receipts: Services (ZAR mn) 72,748.000 Sep 2024 quarterly Mar 1960 - Sep 2024
BoP: Current Account: Less Payments: Income (ZAR mn) 109,064.000 Sep 2024 quarterly Mar 1960 - Sep 2024
BoP: Financial Account: Direct Investment: Net (ZAR mn) 13,914.000 Sep 2024 quarterly Mar 1985 - Sep 2024
BoP: Current Account: Current Transfers (ZAR mn) -12,053.000 Sep 2024 quarterly Mar 1960 - Sep 2024
BoP: Financial Account: PI: Net: Assets (ZAR mn) 35,472.000 Sep 2024 quarterly Mar 1985 - Sep 2024
BoP: Financial Account: Direct Investment: Net: Financial Assets (ZAR mn) 17,153.000 Sep 2024 quarterly Mar 1985 - Sep 2024
BoP: Financial Account: PI: Net: Liabilities (ZAR mn) 45,589.000 Sep 2024 quarterly Mar 1985 - Sep 2024
BoP: Financial Account: Other Investment: Net (ZAR mn) -65,364.000 Sep 2024 quarterly Mar 1985 - Sep 2024
BoP: Financial Account (ZAR mn) 39,054.000 Sep 2024 quarterly Mar 1985 - Sep 2024
BoP: Financial Account: Other Investment: Net: Liabilities (ZAR mn) 67,202.000 Sep 2024 quarterly Mar 1985 - Sep 2024
BoP: Financial Account: Other Investment: Net: Financial Assets (ZAR mn) -132,566.000 Sep 2024 quarterly Mar 1985 - Sep 2024
BoP: Capital Transfers Account (ZAR mn) 63.000 Sep 2024 quarterly Mar 1960 - Sep 2024
BoP: Financial Account: Financial Derivatives: Net (ZAR mn) -7,215.000 Sep 2024 quarterly Mar 1985 - Sep 2024
BoP: Financial Account: Financial Derivatives: Net: Liabilities (ZAR mn) -43,636.000 Sep 2024 quarterly Mar 1985 - Sep 2024
BoP: Financial Account: Financial Derivatives: Net: Financial Assets (ZAR mn) 36,421.000 Sep 2024 quarterly Mar 1985 - Sep 2024
BoP: Financial Account: Reserve Assets (ZAR mn) 16,658.000 Sep 2024 quarterly Mar 1985 - Sep 2024
BoP: Financial Account: Net Direct Investment: Liabilities (ZAR mn) -8,219.000 Dec 2018 quarterly Mar 1985 - Dec 2018
BoP: Financial Account: PI: Liabilities: Equity & Investment Fund Shares (ZAR mn) -15,687.000 Dec 2018 quarterly Mar 1997 - Dec 2018
BoP: Financial Account: Portfolio Investment (PI): Net (ZAR mn) 81,061.000 Sep 2024 quarterly Mar 1985 - Sep 2024
BoP: saar: CA: Receipts: Income (ZAR mn) 198,179.000 Sep 2024 quarterly Mar 1960 - Sep 2024
BoP: saar: CA: Less Imports: Merchandise (ZAR mn) 1,781,831.000 Sep 2024 quarterly Mar 1960 - Sep 2024
BoP: saar: CA: Less Payments: Services (ZAR mn) 368,795.000 Sep 2024 quarterly Mar 1960 - Sep 2024
BoP: saar: CA: Less Payments: Income (ZAR mn) 326,813.000 Sep 2024 quarterly Mar 1960 - Sep 2024
BoP: saar: CA: Current Transfers (ZAR mn) -47,870.000 Sep 2024 quarterly Mar 1960 - Sep 2024
BoP: saar: CA: Exports: Net Gold (ZAR mn) 139,154.000 Sep 2024 quarterly Mar 1960 - Sep 2024
BoP: saar: Current Account (CA) (ZAR mn) -70,820.000 Sep 2024 quarterly Mar 1960 - Sep 2024
BoP: saar: CA: Receipts: Services (ZAR mn) 297,515.000 Sep 2024 quarterly Mar 1960 - Sep 2024
BoP: saar: CA: Exports: Merchandise (ZAR mn) 1,819,640.000 Sep 2024 quarterly Mar 1960 - Sep 2024
Foreign Investment: Direct (ZAR mn) 1,925,533.000 2017 yearly 1956 - 2017
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 5.3 Oct 2024 monthly Jan 2008 - Oct 2024
Household Debt: % of GDP (%) 40.7 Sep 2024 quarterly Mar 1969 - Sep 2024
Non-Performing Loans (USD mn) 17,103.041 Oct 2024 monthly Jan 2008 - Oct 2024
Money Supply M1 (USD mn) 157,992.871 Oct 2024 monthly Mar 1965 - Oct 2024
Money Supply M2 (USD mn) 248,089.901 Oct 2024 monthly Mar 1965 - Oct 2024
M2 Growth (%) 7.1 Oct 2024 monthly Mar 1966 - Oct 2024
Reserve Requirement Ratio (%) 2.5 Nov 2024 monthly Feb 1994 - Nov 2024
Foreign Exchange Reserves (USD mn) 45,040.0 Oct 2024 monthly Jan 2001 - Oct 2024
Foreign Exchange Reserves: % of GDP (%) 11.762 Sep 2024 quarterly Mar 2001 - Sep 2024
Foreign Exchange Reserves: Months of Import (NA) 4.8 Oct 2024 monthly Oct 2004 - Oct 2024
Gold Reserves (USD mn) 11,203.000 Oct 2024 monthly Dec 1956 - Oct 2024
Total Deposits (USD mn) 352,613.690 Sep 2024 monthly Dec 1986 - Sep 2024
Total Deposits Growth (%) 7.3 Sep 2024 monthly Dec 1987 - Sep 2024
Domestic Credit (USD mn) 319,457.1 Oct 2024 monthly Mar 1965 - Oct 2024
Domestic Credit Growth (%) 6.8 Oct 2024 monthly Mar 1966 - Oct 2024
Debt Service Ratio: Private Non-Financial Sector (%) 7.900 Dec 2023 quarterly Mar 1999 - Dec 2023
Credit to Households (USD bn) 129.371 Dec 2023 quarterly Mar 2008 - Dec 2023
Credit to Private Non-Financial Sector (USD bn) 248.834 Dec 2023 quarterly Mar 1965 - Dec 2023
Household Debt (USD mn) 171,195.1 Sep 2024 quarterly Mar 1969 - Sep 2024
Total Loans (USD mn) 318,755.086 Aug 2024 monthly Jan 2008 - Aug 2024
Total Loans Growth (%) 5.57 Aug 2024 monthly Jan 2009 - Aug 2024
Private Debt: % of Nominal GDP (%) 66.59 Sep 2024 quarterly Mar 1965 - Sep 2024
Money Supply M3 (ZAR mn) 5,375,942.000 Oct 2024 monthly Mar 1965 - Oct 2024
Monetary Base (ZAR mn) 497,661.000 Oct 2024 monthly Mar 1965 - Oct 2024
Money Supply M3: sa (ZAR mn) 5,383,693.000 Oct 2024 monthly Mar 1965 - Oct 2024
Money Supply M3: M2 (ZAR mn) 4,384,989.000 Oct 2024 monthly Mar 1965 - Oct 2024
Money Supply M3: M2: M1 (ZAR mn) 2,792,524.000 Oct 2024 monthly Mar 1965 - Oct 2024
Official Reserve Assets (USD mn) 63,028.000 Oct 2024 monthly Jan 2001 - Oct 2024
Official Reserve Assets: Gold (USD mn) 5,335.000 Jan 2019 monthly Jan 2001 - Jan 2019
Gold & Other Foreign Reserves: Memorandum Items: Gross (USD mn) 50,582.00 Jun 2018 monthly Jan 1981 - Jun 2018
Business and Economic Survey Last Frequency Range
Business Confidence Growth (% Point) 0.4 Nov 2024 monthly Sep 2000 - Nov 2024
Business Confidence Index: Quarterly: Manufacturers (%) 36.000 Dec 2024 quarterly Mar 1975 - Dec 2024
Business Confidence Index (2020=100) 110.200 Sep 2024 monthly Jan 2015 - Sep 2024
Composite Leading Index: sa: 2015=100: Domestic (2015=100) 105.88 Apr 2018 monthly Jan 1960 - Apr 2018
Composite Coincident Index: sa: 2015=100: Domestic (2015=100) 102.50 Mar 2018 monthly Jan 1960 - Mar 2018
Composite Lagging Index: sa: 2015=100: Domestic (2015=100) 94.64 Mar 2018 monthly Jan 1960 - Mar 2018
Building & Construction Survey: Composite Confidence (%) 24.500 Mar 2019 quarterly Jun 1986 - Mar 2019
ZA: Ease of Doing Business Rank: 1=Most Business-friendly Regulations (NA) 84.000 2019 yearly 2019 - 2019

More Indicators for South Africa

Request a demo of CEIC

CEIC’s economic databases cover over 200 global markets. Our Platform offers the most reliable macroeconomic data and advanced analytical tools.

Request a demo
Please note, product demos are not available for students. Please click here to find out more about the version of CEIC available for student users.
Unlimited access tailored to your data needs
Flexible monthly access to CEIC data