World Finance Atlas
187 economies · 2025–26
Atlas · Africa · ZAF

South Africa

Capital PretoriaCurrency ZAR · South African RandRegion Africa
Output · rank 42/187
$410B
People · rank 24/187
64.7M
Land · rank 24/187
1,213K km²
GDP per person
$6,337
Density
53.3 /km²

Government debt

76.5%gross debt, share of GDP
$314Boutstanding, rank 31 of 178
Perimeter
General government
Basis
Gross, not net
Valuation
Nominal
Debt per person
$4,847
Net of assets
68.2%
Source
IMF World Economic Outlook / Fiscal Monitor
Gross debt is 76.5%; net of the government’s financial assets it is 68.2%, a 8.3% gap.
What this number does not tell youThe most misread figure in public finance. Perimeter varies by country — the IMF notes its Fiscal Monitor tables use a narrower perimeter for China than its Article IV estimates, and published figures for Japan range from roughly 200% to 250% depending on perimeter and valuation, both citing the IMF. Debt in a currency the government issues is a fundamentally different instrument from debt it must earn or borrow to service; this ratio does not distinguish them.

Private-sector debt

Households
34.1% of GDP
Non-financial corporations
38.2% of GDP
Total private
72.3% of GDP
Government debt is only one layer. Household and corporate borrowing is where financial fragility often actually sits — and here it totals 72.3% of GDP, set against the public figure above.

Currency & monetary policy

Currency
ZAR
Regime
Free floating
Central bank
South African Reserve Bank
Repo rate
7.25%
Issues its own currency and sets its own policy rate — meaningful room to manage local-currency debt.

House prices

Nominal, year-on-year
+1.2%
Real (inflation-adjusted)
-3.1%
Prices rose in cash terms but fell after inflation — housing got cheaper in purchasing-power terms despite the headline rise.

Payment rails

SystemTypeLive since
PayShapInstant retail2023
SAMOSLarge-value RTGS1998

Against its region and the world

Where South Africa sits relative to the Africa average and the world average.

GDP per person (USD)
This country6,337
Region average1,882
World average14,013
Population density (per km²)
This country53
Region average53
World average64
Debt to GDP (%)
This country77
Region average66
World average95

Major banks

Largest institutions headquartered in South Africa, by total assets. Assets, not market value — the two rank very differently.

All banks →
InstitutionHeadquartersTotal assetsvs. national GDP
1Standard Bank GroupJohannesburg$180B44%
2Absa GroupJohannesburg$120B29%
3NedbankJohannesburg$90B22%

All figures

Nominal GDP
$410B
Share of world output
0.36%
Population
64.7M
Share of world population
0.79%
Land area
1,213,090 km²
Share of world land
0.94%
GDP per person
$6,337
GDP per km²
$337,980
Population density
53.3 /km²
Government debt
76.5%
Debt outstanding
$314B

Closest by output in Africa

Egypt$393B88.1%
Algeria$269B49.6%
Nigeria$188B52.9%
Morocco$165B68.9%
Ethiopia$145B35.4%

Nearest neighbours by nominal output within the same region. Third column is debt to GDP.

Where these figures come from

Nominal GDPGross domestic product at current market prices, converted to US dollars at market exchange rates. Not adjusted for purchasing power.
IMF World Economic Outlook
2025 estimate
PopulationTotal resident population, mid-year estimate.
UN World Population Prospects
2025 estimate
Land areaTotal land area, excluding inland water where the source reports it separately.
UN Statistics Division
2024
General government gross debtGross debt of the general government sector as a share of GDP. Gross means government-held financial assets are not netted off.
IMF World Economic Outlook / Fiscal Monitor
2025–26 estimate
Bank total assetsTotal assets for the most recent reporting period: cash, loans, investments, property and equipment.
S&P Global Market Intelligence
2026 ranking
Net government debtGovernment debt net of its financial assets, as a share of GDP.
IMF Fiscal Monitor
2025–26 estimate
Household debtCredit to households and non-profits serving them, as a share of GDP.
BIS credit statistics
2024–25
Corporate debtCredit to non-financial corporations, as a share of GDP.
BIS credit statistics
2024–25
Exchange rate regimeHow the currency is managed: free floating, floating, pegged, currency board, or no separate legal tender.
IMF AREAER
2025
Central bank policy rateThe main policy interest rate set by the central bank.
Central banks / BIS
mid-2026, live
Residential house pricesYear-on-year change in residential property prices, nominal and inflation-adjusted.
BIS / OECD residential property
latest quarter