South Africa

South Africa Public Debt

South Africa Public Debt

Public Debt in South Africa

Public debt in South Africa averaged 54.1% of GDP in the decade to 2022, above the Sub-Saharan Africa average of 43.7% of GDP. Public debt in South Africa in 2022 was 71.1% of GDP. For more public debt information, visit our dedicated page.

South Africa Public Debt Chart

Note: This chart displays Public Debt (% of GDP) for South Africa from 2014 to 2023.
Source: South African Reserve Bank.

South Africa Public Debt Data

2018 2019 2020 2021 2022
Public Debt (% of GDP) 51.5 56.1 68.9 68.7 70.8
Consensus Forecasts and Projections for the next ten years

How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects South African public debt projections for the next ten years from a panel of 12 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable public debt forecast available for South African public debt.

Download one of our sample reports to visualize what a Consensus Forecast is and see our South African public debt projections.

Want to get access to the full dataset of South African public debt forecasts? Send an email to

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