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 -

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South Africa Key Series

Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -4.6 Jun 2024 quarterly Dec 1990 - Jun 2024
Consolidated Fiscal Balance (USD mn) -249.221 Sep 2024 monthly Jan 1990 - Sep 2024
Tax Revenue (USD mn) 8,870.141 Aug 2024 monthly Jan 1990 - Aug 2024
Tax Revenue: % of GDP (%) 21.8 Jun 2024 quarterly Mar 1990 - Jun 2024
National Government Debt (USD mn) 315,727.1 Sep 2024 monthly Jan 1960 - Sep 2024
Government Debt: % of GDP (%) 74.6 Jun 2024 quarterly Dec 1960 - Jun 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) 156,560.000 Sep 2024 monthly Jan 1990 - Sep 2024
National Govt Revenue (ZAR mn) 152,175.000 Sep 2024 monthly Jan 1990 - Sep 2024
National Govt Balance (ZAR mn) -4,385.000 Sep 2024 monthly Jan 1990 - Sep 2024
National Govt Debt: Gross: Foreign (ZAR mn) 519,337.000 Sep 2024 monthly Jan 1960 - Sep 2024
National Govt Debt: Gross: Domestic (ZAR mn) 4,892,440.000 Aug 2024 monthly Jan 1960 - Aug 2024
National Govt Debt: Gross (ZAR mn) 5,450,018.000 Sep 2024 monthly Jan 1960 - Sep 2024
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 3.612 2028 yearly 1980 - 2028
Trade Balance (USD mn) 312.1 Aug 2024 monthly Oct 2004 - Aug 2024
Total Exports (USD mn) 9,179.9 Aug 2024 monthly Oct 2004 - Aug 2024
Total Exports Growth (%) -8.3 Aug 2024 monthly Oct 2005 - Aug 2024
Aluminum: Exports (USD th) 2,085,195.221 2023 yearly 1995 - 2023
Exports: Medicament (USD th) 302,269.065 2022 yearly 1995 - 2022
Exports: Medicinal and Pharmaceutical Product (USD th) 336,373.993 2022 yearly 1995 - 2022
Total Imports (USD mn) 8,867.9 Aug 2024 monthly Oct 2004 - Aug 2024
Total Imports Growth (%) -4.8 Aug 2024 monthly Oct 2005 - Aug 2024
Imports: Medicament (USD th) 1,718,103.448 2022 yearly 1995 - 2022
Imports: Medicinal and Pharmaceutical Product (USD th) 709,875.453 2022 yearly 1995 - 2022
Total Exports to USA (USD mn) 539.963 Aug 2024 monthly Jan 1998 - Aug 2024
Total Imports from USA (USD mn) 539.259 Aug 2024 monthly Jan 1998 - Aug 2024
Total Exports to China (USD mn) 1,078.180 Sep 2024 monthly Jan 1998 - Sep 2024
Total Imports from China (USD mn) 2,101.351 Aug 2024 monthly Sep 1999 - Aug 2024
Exports: Chemical Products (ZAR mn) 8,680.000 Sep 2024 monthly Jan 2010 - Sep 2024
Exports: Mineral Products (ZAR mn) 45,010.400 Sep 2024 monthly Jan 2010 - Sep 2024
Exports: Base Metals (ZAR mn) 16,373.500 Sep 2024 monthly Jan 2010 - Sep 2024
Exports: Natural Pearls and Precious Metal (ZAR mn) 30,016.000 Sep 2024 monthly Jan 2010 - Sep 2024
Exports: Machinery and Mechanical Appliances (ZAR mn) 12,145.400 Sep 2024 monthly Jan 2010 - Sep 2024
Exports: China (ZAR) 18,970,366,274.000 Sep 2024 monthly Jan 2009 - Sep 2024
Exports: United Kingdom (ZAR) 7,980,696,786.000 Sep 2024 monthly Jan 2009 - Sep 2024
Exports: Germany (ZAR) 10,349,107,753.000 Sep 2024 monthly Jan 2009 - Sep 2024
Exports: United States (ZAR) 13,689,482,114.000 Sep 2024 monthly Jan 2009 - Sep 2024
Exports: Japan (ZAR) 7,892,379,694.000 Sep 2024 monthly Jan 2009 - Sep 2024
Exports (ZAR mn) 165,560.000 Aug 2024 monthly Jan 2010 - Aug 2024
Imports: Mineral Products (ZAR mn) 32,241.000 Sep 2024 monthly Jan 2010 - Sep 2024
Imports: Machinery and Mechanical Appliances (ZAR mn) 32,629.600 Sep 2024 monthly Jan 2010 - Sep 2024
Imports: Vehicles (ZAR mn) 12,574.100 Sep 2024 monthly Jan 2010 - Sep 2024
Imports: Chemical Products (ZAR mn) 18,104.600 Sep 2024 monthly Jan 2010 - Sep 2024
Imports: Textiles (ZAR mn) 5,625.900 Sep 2024 monthly Jan 2010 - Sep 2024
Imports: China (ZAR) 32,664,338,208.000 Sep 2024 monthly Jan 2009 - Sep 2024
Imports: United States (ZAR) 12,694,371,053.000 Sep 2024 monthly Jan 2009 - Sep 2024
Imports: Japan (ZAR) 3,686,640,378.000 Sep 2024 monthly Jan 2009 - Sep 2024
Imports: Germany (ZAR) 10,725,638,742.000 Sep 2024 monthly Jan 2009 - Sep 2024
Imports: United Kingdom (ZAR) 2,463,781,684.000 Sep 2024 monthly Jan 2009 - Sep 2024
Imports (ZAR mn) 159,931.800 Aug 2024 monthly Jan 2010 - Aug 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) 413.7 Jun 2024 quarterly Mar 1985 - Jun 2024
Current Account Balance (USD mn) -932.5 Mar 2023 quarterly Mar 1960 - Mar 2023
Current Account Balance: % of GDP (%) -0.9 Jun 2024 quarterly Mar 1960 - Jun 2024
Foreign Direct Investment (USD mn) 893.3 Jun 2024 quarterly Mar 1985 - Jun 2024
Foreign Direct Investment: % of GDP (%) 0.9 Jun 2024 quarterly Mar 1985 - Jun 2024
Foreign Portfolio Investment (USD mn) -1,079.566 Jun 2024 quarterly Mar 1985 - Jun 2024
Foreign Portfolio Investment: % of GDP (%) -1.1 Jun 2024 quarterly Mar 1985 - Jun 2024
Foreign Portfolio Investment: Equity Securities (USD mn) -1,778.5 Jun 2024 quarterly Mar 1985 - Jun 2024
Foreign Portfolio Investment: Debt Securities (USD mn) 698.983 Jun 2024 quarterly Mar 1985 - Jun 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: Less Payments: Income (ZAR mn) 57,311.000 Jun 2024 quarterly Mar 1960 - Jun 2024
BoP: Current Account: Current Transfers (ZAR mn) -13,199.000 Jun 2024 quarterly Mar 1960 - Jun 2024
BoP: Capital Transfers Account (ZAR mn) 60.000 Jun 2024 quarterly Mar 1960 - Jun 2024
BoP: Financial Account: PI: Net: Assets (ZAR mn) -37,434.000 Jun 2024 quarterly Mar 1985 - Jun 2024
BoP: Financial Account: PI: Net: Liabilities (ZAR mn) -20,052.000 Jun 2024 quarterly Mar 1985 - Jun 2024
BoP: Financial Account: Direct Investment: Net (ZAR mn) 8,908.000 Jun 2024 quarterly Mar 1985 - Jun 2024
BoP: Financial Account: Other Investment: Net (ZAR mn) 10,376.000 Jun 2024 quarterly Mar 1985 - Jun 2024
BoP: Current Account: Receipts: Services (ZAR mn) 66,599.000 Jun 2024 quarterly Mar 1960 - Jun 2024
BoP: Current Account: Less Payments: Services (ZAR mn) 90,623.000 Jun 2024 quarterly Mar 1960 - Jun 2024
BoP: Financial Account: Direct Investment: Net: Financial Assets (ZAR mn) -7,685.000 Jun 2024 quarterly Mar 1985 - Jun 2024
BoP: Financial Account (ZAR mn) -18,065.000 Jun 2024 quarterly Mar 1985 - Jun 2024
BoP: Financial Account: Other Investment: Net: Liabilities (ZAR mn) -16,210.000 Jun 2024 quarterly Mar 1985 - Jun 2024
BoP: Financial Account: Other Investment: Net: Financial Assets (ZAR mn) 26,586.000 Jun 2024 quarterly Mar 1985 - Jun 2024
BoP: Current Account: Exports: Merchandise (ZAR mn) 481,254.000 Jun 2024 quarterly Mar 1960 - Jun 2024
BoP: Current Account: Receipts: Income (ZAR mn) 45,700.000 Jun 2024 quarterly Mar 1960 - Jun 2024
BoP: Current Account: Less Imports: Merchandise (ZAR mn) 460,967.000 Jun 2024 quarterly Mar 1960 - Jun 2024
BoP: Current Account: Exports: Net Gold (ZAR mn) 37,745.000 Jun 2024 quarterly Mar 1960 - Jun 2024
BoP: Financial Account: Portfolio Investment (PI): Net (ZAR mn) -57,486.000 Jun 2024 quarterly Mar 1985 - Jun 2024
BoP: Financial Account: Financial Derivatives: Net (ZAR mn) -322.000 Jun 2024 quarterly Mar 1985 - Jun 2024
BoP: Financial Account: Financial Derivatives: Net: Liabilities (ZAR mn) -41,964.000 Jun 2024 quarterly Mar 1985 - Jun 2024
BoP: Financial Account: Financial Derivatives: Net: Financial Assets (ZAR mn) 41,642.000 Jun 2024 quarterly Mar 1985 - Jun 2024
BoP: Financial Account: Reserve Assets (ZAR mn) 20,459.000 Jun 2024 quarterly Mar 1985 - Jun 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: saar: Current Account (CA) (ZAR mn) -64,646.000 Jun 2024 quarterly Mar 1960 - Jun 2024
BoP: saar: CA: Exports: Merchandise (ZAR mn) 1,926,686.000 Jun 2024 quarterly Mar 1960 - Jun 2024
BoP: saar: CA: Exports: Net Gold (ZAR mn) 150,981.000 Jun 2024 quarterly Mar 1960 - Jun 2024
BoP: saar: CA: Receipts: Services (ZAR mn) 282,195.000 Jun 2024 quarterly Mar 1960 - Jun 2024
BoP: saar: CA: Receipts: Income (ZAR mn) 199,922.000 Jun 2024 quarterly Mar 1960 - Jun 2024
BoP: saar: CA: Less Imports: Merchandise (ZAR mn) 1,890,250.000 Jun 2024 quarterly Mar 1960 - Jun 2024
BoP: saar: CA: Less Payments: Services (ZAR mn) 365,178.000 Jun 2024 quarterly Mar 1960 - Jun 2024
BoP: saar: CA: Less Payments: Income (ZAR mn) 316,327.000 Jun 2024 quarterly Mar 1960 - Jun 2024
BoP: saar: CA: Current Transfers (ZAR mn) -52,675.000 Jun 2024 quarterly Mar 1960 - Jun 2024
Foreign Investment: Direct (ZAR mn) 1,925,533.000 2017 yearly 1956 - 2017
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 5.3 Aug 2024 monthly Jan 2008 - Aug 2024
Household Debt: % of GDP (%) 40.5 Jun 2024 quarterly Mar 1969 - Jun 2024
Non-Performing Loans (USD mn) 16,931.034 Aug 2024 monthly Jan 2008 - Aug 2024
Money Supply M1 (USD mn) 162,920.437 Sep 2024 monthly Mar 1965 - Sep 2024
Money Supply M2 (USD mn) 244,131.864 Aug 2024 monthly Mar 1965 - Aug 2024
M2 Growth (%) 6.8 Aug 2024 monthly Mar 1966 - Aug 2024
Reserve Requirement Ratio (%) 2.5 Oct 2024 monthly Feb 1994 - Oct 2024
Foreign Exchange Reserves (USD mn) 46,191.0 Aug 2024 monthly Jan 2001 - Aug 2024
Foreign Exchange Reserves: % of GDP (%) 11.966 Jun 2024 quarterly Mar 2001 - Jun 2024
Foreign Exchange Reserves: Months of Import (NA) 5.2 Aug 2024 monthly Oct 2004 - Aug 2024
Gold Reserves (USD mn) 10,655.000 Sep 2024 monthly Dec 1956 - Sep 2024
Total Deposits (USD mn) 321,078.049 Jun 2024 monthly Dec 1986 - Jun 2024
Total Deposits Growth (%) 3.3 Jun 2024 monthly Dec 1987 - Jun 2024
Domestic Credit (USD mn) 315,602.0 Aug 2024 monthly Mar 1965 - Aug 2024
Domestic Credit Growth (%) 7.8 Aug 2024 monthly Mar 1966 - Aug 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) 159,762.1 Jun 2024 quarterly Mar 1969 - Jun 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 (%) 65.94 Jun 2024 quarterly Mar 1965 - Jun 2024
Money Supply M3 (ZAR mn) 5,334,666.000 Aug 2024 monthly Mar 1965 - Aug 2024
Money Supply M3: M2 (ZAR mn) 4,343,350.000 Aug 2024 monthly Mar 1965 - Aug 2024
Money Supply M3: sa (ZAR mn) 5,297,891.000 Aug 2024 monthly Mar 1965 - Aug 2024
Money Supply M3: M2: M1 (ZAR mn) 2,651,978.000 Aug 2024 monthly Mar 1965 - Aug 2024
Monetary Base (ZAR mn) 511,034.000 Sep 2024 monthly Mar 1965 - Sep 2024
Official Reserve Assets (USD mn) 63,633.000 Sep 2024 monthly Jan 2001 - Sep 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
Domestic Deposits (ZAR mn) 5,012,289.000 Jun 2024 monthly Mar 1965 - Jun 2024
Business and Economic Survey Last Frequency Range
Business Confidence Growth (% Point) 13.0 Oct 2024 monthly Sep 2000 - Oct 2024
Purchasing Managers' Index (NA) 55.733 Oct 2024 monthly Sep 1999 - Oct 2024
Business Confidence Index: Quarterly: Manufacturers (%) 28.000 Sep 2024 quarterly Mar 1975 - Sep 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

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