South Africa recorded a Government Debt to GDP of 78.90 percent of the country's Gross Domestic Product in 2025. Government Debt to GDP in South Africa averaged 48.95 percent of GDP from 2000 until 2025, reaching an all time high of 78.90 percent of GDP in 2025 and a record low of 27.80 percent of GDP in 2008. source: South African Reserve Bank

Government Debt to GDP in South Africa is expected to reach 77.30 percent of GDP by the end of 2026, according to Trading Economics global macro models and analysts expectations. In the long-term, the South Africa Government Debt to GDP is projected to trend around 76.70 percent of GDP in 2027 and 75.00 percent of GDP in 2028, according to our econometric models.



Related Last Previous Unit Reference
Fiscal Expenditure 209832.00 200383.00 ZAR Million Jan 2026
Budget Balance -69690.00 38440.00 ZAR Million Jan 2026
Government Debt 93981.00 87456.00 USD Million Sep 2025
Government Debt to GDP 78.90 76.90 percent of GDP Dec 2025
Government Revenues 140138.00 238819.00 ZAR Million Jan 2026
Government Spending 919944.00 915540.00 ZAR Million Dec 2025


South Africa Government Debt to GDP
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.
Actual Previous Highest Lowest Dates Unit Frequency
78.90 76.90 78.90 27.80 2000 - 2025 percent of GDP Yearly