Interest payments in South Africa
South Africa: Interest payments was 393.43 billion current LCU in 2024. ◆ Volatile
Interest payments in South Africa, 1972–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
South Africa recorded 393.43 billion current LCU for interest payments in 2024. That is the highest value across all 53 years on record.
The figure is up 8.2% on the previous year and up 225.0% over ten years.
Over the whole period, interest payments in South Africa peaked at 393.43 billion current LCU in 2024 and was at its lowest, 232.00 million current LCU, in 1972.
South Africa ranks 35th of 155 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 478.25 million current LCU | 232.00 million current LCU | 897.00 million current LCU | 8 |
| 1980s | 4.66 billion current LCU | 1.11 billion current LCU | 10.68 billion current LCU | 10 |
| 1990s | 27.86 billion current LCU | 11.81 billion current LCU | 44.30 billion current LCU | 10 |
| 2000s | 50.71 billion current LCU | 46.40 billion current LCU | 59.46 billion current LCU | 10 |
| 2010s | 135.03 billion current LCU | 69.41 billion current LCU | 215.23 billion current LCU | 10 |
| 2020s | 318.75 billion current LCU | 240.56 billion current LCU | 393.43 billion current LCU | 5 |
Countries ranked near South Africa
More public sector data for South Africa
- Arms imports 30.00 million SIPRI trend indicator values (2023)
- Tax revenue 25.9% (2024)
- Taxes on income, profits and capital gains 50.8% (2024)
- Taxes on goods and services 32.1% (2024)
- Net investment in nonfinancial assets 1.3% (2024)
- Net lending (+) / net borrowing (-) -4.8% (2024)
- Interest payments 18.2% (2024)
- Grants and other revenue 10.3% (2024)
- Interest payments 14.3% (2022)
- Other taxes 1.4% (2024)
Frequently asked questions
- What is interest payments in South Africa?
- Interest payments in South Africa was 393.43 billion current LCU in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest interest payments recorded in South Africa?
- The highest recorded value was 393.43 billion current LCU in 2024.
- What is the lowest interest payments recorded in South Africa?
- The lowest recorded value was 232.00 million current LCU in 1972.
- How does South Africa rank for interest payments?
- South Africa ranks 35th out of 155 countries with data for 2024.
- Is interest payments rising or falling in South Africa?
- Over the last ten years it is up 225.0%. The long-run trend across the full record is volatile.
- Where does this South Africa data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Interest payments (current LCU). Statizoid updates them automatically from the source API.
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About this data
Interest payments include interest payments on government debt (including long-term bonds, long-term loans, and other debt instruments) to domestic and foreign residents. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.