Financial Development Index in South Africa
South Africa: Financial Development Index was 0.6215 in 2020. ▲ Rising
Financial Development Index in South Africa, 1980–2020
Source: International Monetary Fund.
Analysis
South Africa recorded 0.6215 for financial development index in 2020.
The figure is down 2.9% on the previous year and up 5.6% over ten years.
Over the whole period, financial development index in South Africa peaked at 0.6426 in 2018 and was at its lowest, 0.2805, in 1980.
South Africa ranks 28th of 183 countries on this measure, in the top quarter.
The long-run direction has been consistently rising across the 41 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 0.3092 | 0.2805 | 0.3313 | 10 |
| 1990s | 0.3727 | 0.3188 | 0.4823 | 10 |
| 2000s | 0.5057 | 0.4419 | 0.5823 | 10 |
| 2010s | 0.6001 | 0.5533 | 0.6426 | 10 |
| 2020s | 0.6215 | 0.6215 | 0.6215 | 1 |
Countries ranked near South Africa
More financial sector data for South Africa
- Net domestic credit (current LCU), per capita 95,301 current LCU per person (2025)
- Net domestic credit (current LCU), per unit of GDP 14.44 current LCU per US$ of GDP (2025)
- Net domestic credit (current LCU), annual growth rate 11.21 % change on previous year (2025)
- Gold reserves at 35 SDRs per ounce 141.22 million SDR (2025)
- Gold reserves at market value 12.87 billion SDR (2025)
- Reserves excluding gold, foreign exchange 37.46 billion SDR (2025)
- Reserves excluding gold 42.64 billion SDR (2025)
- Total reserves (gold at market value) 55.51 billion SDR (2025)
- Total reserves (gold at national valuation) 55.42 billion SDR (2025)
- Domestic credit to private sector by banks 59.2% (2025)
Frequently asked questions
- What is financial development index in South Africa?
- Financial development index in South Africa was 0.6215 in 2020, according to International Monetary Fund.
- What is the highest financial development index recorded in South Africa?
- The highest recorded value was 0.6426 in 2018.
- What is the lowest financial development index recorded in South Africa?
- The lowest recorded value was 0.2805 in 1980.
- How does South Africa rank for financial development index?
- South Africa ranks 28th out of 183 countries with data for 2020.
- Is financial development index rising or falling in South Africa?
- Over the last ten years it is up 5.6%. The long-run trend across the full record is rising.
- Where does this South Africa data come from?
- The figures come from International Monetary Fund, published as part of Financial Development Index. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 41 observations, free to reuse under IMF Terms and Conditions (attribution required).
About this data
The dataset contains nine indices that summarize how developed financial institutions and financial markets are in terms of their depth, access, and efficiency. These indices are aggregated into an overall index of financial development. With the coverage of over 180 countries on annual frequency from 1980 onwards, the database should offer a useful analytical tool for researchers and policy makers.