Bank deposits to GDP in South Africa
South Africa: Bank deposits to GDP was 60.4% in 2021. ▲ Rising
Bank deposits to GDP in South Africa, 1965–2021
Source: International Financial Statistics (IFS), International Monetary Fund (IMF). Measured in %.
Analysis
The most recent figure for bank deposits to gdp in South Africa is 60.4%, measured in 2021.
The figure is down 4.5% on the previous year and up 8.2% over ten years.
Over the whole period, bank deposits to gdp in South Africa peaked at 63.2% in 2020 and was at its lowest, 39.1%, in 1993.
That places South Africa 86th out of 185 countries with data for 2021, putting it in the middle of the range.
The long-run direction has been consistently rising across the 56 years of available data.
Bank deposits to GDP in South Africa, year by year
| Year | % | Change |
|---|---|---|
| 1965 | 48.0% | — |
| 1966 | 48.1% | +0.2% |
| 1967 | 46.3% | -3.7% |
| 1968 | 48.8% | +5.4% |
| 1969 | 48.4% | -0.8% |
| 1970 | 48.0% | -0.9% |
| 1971 | 47.0% | -2.1% |
| 1972 | 49.4% | +5.0% |
| 1973 | 49.5% | +0.3% |
| 1974 | 47.4% | -4.4% |
| 1975 | 50.1% | +5.9% |
| 1976 | 48.5% | -3.4% |
| 1977 | 48.6% | +0.3% |
| 1978 | 49.7% | +2.1% |
| 1979 | 49.1% | -1.1% |
| 1980 | 45.8% | -6.7% |
| 1981 | 45.6% | -0.5% |
| 1982 | 45.5% | -0.2% |
| 1983 | 45.1% | -0.8% |
| 1984 | 46.4% | +2.8% |
| 1985 | 46.4% | +0.1% |
| 1986 | 43.0% | -7.2% |
| 1987 | 43.9% | +1.9% |
| 1988 | 46.3% | +5.5% |
| 1989 | 46.6% | +0.7% |
| 1990 | 45.0% | -3.6% |
| 1992 | 42.0% | -6.6% |
| 1993 | 39.1% | -6.9% |
| 1994 | 41.0% | +4.9% |
| 1995 | 41.6% | +1.5% |
| 1996 | 42.2% | +1.5% |
| 1997 | 45.1% | +6.7% |
| 1998 | 47.4% | +5.2% |
| 1999 | 47.8% | +0.8% |
| 2000 | 45.1% | -5.6% |
| 2001 | 47.7% | +5.7% |
| 2002 | 43.8% | -8.1% |
| 2003 | 45.9% | +4.8% |
| 2004 | 44.9% | -2.3% |
| 2005 | 48.5% | +8.2% |
| 2006 | 52.7% | +8.6% |
| 2007 | 55.8% | +5.9% |
| 2008 | 57.9% | +3.8% |
| 2009 | 54.2% | -6.5% |
| 2010 | 53.1% | -1.9% |
| 2011 | 55.8% | +5.0% |
| 2012 | 55.2% | -1.0% |
| 2013 | 54.3% | -1.7% |
| 2014 | 55.1% | +1.5% |
| 2015 | 56.8% | +3.0% |
| 2016 | 54.5% | -4.0% |
| 2017 | 54.4% | -0.3% |
| 2018 | 54.3% | -0.3% |
| 2019 | 54.3% | +0.0% |
| 2020 | 63.2% | +16.5% |
| 2021 | 60.4% | -4.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 48.0% | 46.3% | 48.8% | 5 |
| 1970s | 48.7% | 47.0% | 50.1% | 10 |
| 1980s | 45.5% | 43.0% | 46.6% | 10 |
| 1990s | 43.5% | 39.1% | 47.8% | 9 |
| 2000s | 49.6% | 43.8% | 57.9% | 10 |
| 2010s | 54.8% | 53.1% | 56.8% | 10 |
| 2020s | 61.8% | 60.4% | 63.2% | 2 |
Countries ranked near South Africa
More financial sector data for South Africa
- Reserve position in the IMF, US dollar, annual growth rate 5.08 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0021 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 13.81 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 0.0607 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0015 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 10.08 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 5.08 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0021 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 13.81 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 0.0607 % change on previous year (2025)
Frequently asked questions
- What is bank deposits to gdp in South Africa?
- Bank deposits to gdp in South Africa was 60.4% in 2021, according to International Financial Statistics (IFS), International Monetary Fund (IMF).
- What is the highest bank deposits to gdp recorded in South Africa?
- The highest recorded value was 63.2% in 2020.
- What is the lowest bank deposits to gdp recorded in South Africa?
- The lowest recorded value was 39.1% in 1993.
- How does South Africa rank for bank deposits to gdp?
- South Africa ranks 86th out of 185 countries with data for 2021.
- Is bank deposits to gdp rising or falling in South Africa?
- Over the last ten years it is up 8.2%. The long-run trend across the full record is rising.
- Where does this South Africa data come from?
- The figures come from International Financial Statistics (IFS), International Monetary Fund (IMF), published as part of Bank deposits to GDP (%). Statizoid updates them automatically from the source API.
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About this data
Demand, time and saving deposits in deposit money banks as a share of GDP, calculated using the following deflation method: {(0.5)*[Ft/P_et + Ft-1/P_et-1]}/[GDPt/P_at] where F is demand and time and saving deposits, P_e is end-of period CPI, and P_a is average annual CPI. Raw data are from the electronic version of the IMF’s International Financial Statistics. Bank deposits (IFS lines 24 and 25); GDP in local currency (IFS line 99B..ZF or, if not available, line 99B.CZF); end-of period CPI (IFS line 64M..ZF or, if not available, 64Q..ZF); and average annual CPI is calculated using the monthly CPI values (IFS line 64M..ZF).