Broad money growth (annual %) in South Africa
South Africa: Broad money growth (annual %) was 8.2% in 2025. ▼ Falling
Broad money growth in South Africa, 1966–2025
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in annual %.
Analysis
South Africa recorded 8.2% for broad money growth in 2025.
Compared with earlier readings it is up 21.8% on the previous year and down 20.8% over ten years.
Over the whole period, broad money growth in South Africa peaked at 27.0% in 1988 and was at its lowest, 1.8%, in 2009.
South Africa ranks 104th of 167 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 60 years of available data.
Broad money growth (annual %) in South Africa, year by year
| Year | annual % | Change |
|---|---|---|
| 1966 | 8.9% | — |
| 1967 | 7.3% | -18.0% |
| 1968 | 13.6% | +86.3% |
| 1969 | 11.7% | -13.7% |
| 1970 | 9.4% | -19.6% |
| 1971 | 8.4% | -10.4% |
| 1972 | 17.7% | +109.8% |
| 1973 | 22.7% | +28.3% |
| 1974 | 16.7% | -26.6% |
| 1975 | 19.4% | +16.7% |
| 1976 | 8.8% | -54.6% |
| 1977 | 10.0% | +13.8% |
| 1978 | 16.0% | +59.3% |
| 1979 | 16.9% | +5.6% |
| 1980 | 22.9% | +35.3% |
| 1981 | 17.2% | -24.7% |
| 1982 | 13.5% | -21.5% |
| 1983 | 13.8% | +2.4% |
| 1984 | 19.8% | +43.2% |
| 1985 | 14.6% | -26.2% |
| 1986 | 8.8% | -39.9% |
| 1987 | 19.5% | +122.0% |
| 1988 | 27.0% | +38.4% |
| 1989 | 20.6% | -23.9% |
| 1990 | 11.9% | -42.4% |
| 1991 | 17.1% | +44.3% |
| 1992 | 2.9% | -83.3% |
| 1993 | 6.3% | +120.5% |
| 1994 | 18.3% | +190.3% |
| 1995 | 16.0% | -12.5% |
| 1996 | 14.3% | -10.9% |
| 1997 | 17.8% | +24.8% |
| 1998 | 13.7% | -23.4% |
| 1999 | 10.9% | -20.1% |
| 2000 | 7.2% | -33.9% |
| 2001 | 20.2% | +179.8% |
| 2002 | 18.3% | -9.4% |
| 2003 | 13.4% | -27.0% |
| 2004 | 13.2% | -1.5% |
| 2005 | 20.7% | +57.4% |
| 2006 | 22.6% | +9.3% |
| 2007 | 23.9% | +5.8% |
| 2008 | 14.7% | -38.4% |
| 2009 | 1.8% | -88.1% |
| 2010 | 6.9% | +293.7% |
| 2011 | 8.3% | +20.3% |
| 2012 | 5.2% | -38.0% |
| 2013 | 5.9% | +14.4% |
| 2014 | 7.3% | +23.0% |
| 2015 | 10.3% | +41.8% |
| 2016 | 6.1% | -41.1% |
| 2017 | 6.4% | +5.7% |
| 2018 | 5.6% | -12.9% |
| 2019 | 6.1% | +9.1% |
| 2020 | 9.4% | +54.3% |
| 2021 | 5.7% | -39.4% |
| 2022 | 8.6% | +51.3% |
| 2023 | 7.6% | -12.1% |
| 2024 | 6.7% | -11.6% |
| 2025 | 8.2% | +21.8% |
South Africa compared with similar countries
- South Africa's 8.2% is below the median for upper middle income countries, which is 9.3%, 88% of the median. (55 countries reporting)
- South Africa's 8.2% is below the median for Sub-Saharan Africa, which is 12.5%, 66% of the median. (48 countries reporting)
Biggest year-on-year movements
Years where Broad money growth (annual %) in South Africa changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2010 | +293.7% | 1.8% | 6.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 10.4% | 7.3% | 13.6% | 4 |
| 1970s | 14.6% | 8.4% | 22.7% | 10 |
| 1980s | 17.8% | 8.8% | 27.0% | 10 |
| 1990s | 12.9% | 2.9% | 18.3% | 10 |
| 2000s | 15.6% | 1.8% | 23.9% | 10 |
| 2010s | 6.8% | 5.2% | 10.3% | 10 |
| 2020s | 7.7% | 5.7% | 9.4% | 6 |
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 broad money growth in South Africa?
- Broad money growth in South Africa was 8.2% in 2025, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest broad money growth recorded in South Africa?
- The highest recorded value was 27.0% in 1988.
- What is the lowest broad money growth recorded in South Africa?
- The lowest recorded value was 1.8% in 2009.
- How does South Africa rank for broad money growth?
- South Africa ranks 104th out of 167 countries with data for 2025.
- Is broad money growth rising or falling in South Africa?
- Over the last ten years it is down 20.8%. The long-run trend across the full record is falling.
- Where does this South Africa data come from?
- The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of Broad money growth (annual %). Statizoid updates them automatically from the source API.
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About this data
Broad money is the sum of all liquid financial instruments held by money-holding sectors that are widely accepted in an economy as a medium of exchange, plus those that can be converted into a medium of exchange at short notice at, or close to, their full nominal value. This indicator denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.