South Africa Household Debt: % of GDP

Key information about South Africa Household Debt: % of GDP

• South Africa household debt accounted for 40.7 % of the country's Nominal GDP in Sep 2024, compared with the ratio of 40.6 % in the previous quarter.
• South Africa household debt to GDP ratio is updated quarterly, available from Mar 1969 to Sep 2024.
• The data reached an all-time high of 49.6 % in Sep 2007 and a record low of 25.0 % in Sep 1980.

• In the latest reports, South Africa Household Debt reached 171.2 USD bn in Sep 2024.
• Money Supply M2 in South Africa increased 7.1 % YoY in Oct 2024.
• South Africa Foreign Exchange Reserves was measured at 45.0 USD bn in Oct 2024.
• The Foreign Exchange Reserves equaled 4.8 Months of Import in Oct 2024.
• South Africa Domestic Credit reached 319.5 USD bn in Oct 2024, representing an increased of 6.8 % YoY.
• The country's Non Performing Loans Ratio stood at 5.3 % in Oct 2024, compared with the ratio of 5.2 % in the previous month.

View South Africa's Household Debt: % of GDP from Mar 1969 to Sep 2024 in the chart:

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What was South Africa's Household Debt: % of GDP in Sep 2024?

South Africa household debt accounted for 40.7 % of the country's Nominal GDP in Sep 2024, compared with the ratio of 40.6 % in the previous quarter. See the table below for more data.

Household Debt: % of GDP by Country Comparison

South Africa Key Series

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