Goods balance (credit less debit), Net (credits less debits) (US) in South Africa
South Africa: Goods balance (credit less debit), Net (credits less debits) (US) was 11.74 billion in 2024. ◆ Volatile
Goods balance (credit less debit), Net (credits less debits) in South Africa, 2005–2024
Source: International Monetary Fund.
Analysis
The most recent figure for goods balance (credit less debit), net (credits less debits) in South Africa is 11.74 billion, measured in 2024.
That represents a change of up 56.2% on the previous year and up 301.8% over ten years.
Over the whole period, goods balance (credit less debit), net (credits less debits) in South Africa peaked at 30.80 billion in 2021 and was at its lowest, -7.66 billion, in 2013.
South Africa ranks 33rd of 198 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Goods balance (credit less debit), Net (credits less debits) (US) in South Africa, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | -311.05 million | — |
| 2006 | -3.47 billion | +1015.4% |
| 2007 | -2.57 billion | -25.9% |
| 2008 | -1.93 billion | -24.8% |
| 2009 | 3.67 billion | -290.1% |
| 2010 | 8.19 billion | +123.0% |
| 2011 | 6.70 billion | -18.3% |
| 2012 | -4.81 billion | -171.8% |
| 2013 | -7.66 billion | +59.3% |
| 2014 | -5.82 billion | -24.0% |
| 2015 | -4.29 billion | -26.3% |
| 2016 | 1.87 billion | -143.6% |
| 2017 | 4.42 billion | +136.2% |
| 2018 | 1.87 billion | -57.7% |
| 2019 | 2.49 billion | +33.0% |
| 2020 | 17.73 billion | +613.0% |
| 2021 | 30.80 billion | +73.7% |
| 2022 | 14.56 billion | -52.7% |
| 2023 | 7.52 billion | -48.4% |
| 2024 | 11.74 billion | +56.2% |
South Africa compared with similar countries
- South Africa's 11.74 billion is above the median for upper middle income countries, which is -778.45 million. (54 countries reporting)
- South Africa's 11.74 billion is above the median for Sub-Saharan Africa, which is -577.00 million. (43 countries reporting)
Biggest year-on-year movements
Years where Goods balance (credit less debit), Net (credits less debits) (US) 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 |
|---|---|---|---|
| 2006 | -1015.4% | -311.05 million | -3.47 billion |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -921.85 million | -3.47 billion | 3.67 billion | 5 |
| 2010s | 295.62 million | -7.66 billion | 8.19 billion | 10 |
| 2020s | 16.47 billion | 7.52 billion | 30.80 billion | 5 |
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 goods balance (credit less debit), net (credits less debits) in South Africa?
- Goods balance (credit less debit), net (credits less debits) in South Africa was 11.74 billion in 2024, according to International Monetary Fund.
- What is the highest goods balance (credit less debit), net (credits less debits) recorded in South Africa?
- The highest recorded value was 30.80 billion in 2021.
- What is the lowest goods balance (credit less debit), net (credits less debits) recorded in South Africa?
- The lowest recorded value was -7.66 billion in 2013.
- How does South Africa rank for goods balance (credit less debit), net (credits less debits)?
- South Africa ranks 33rd out of 198 countries with data for 2024.
- Is goods balance (credit less debit), net (credits less debits) rising or falling in South Africa?
- Over the last ten years it is up 301.8%. The long-run trend across the full record is volatile.
- Where does this South Africa data come from?
- The figures come from International Monetary Fund, published as part of Goods balance (credit less debit), Net (credits less debits) (US dollar). Statizoid updates them automatically from the source API.
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About this data
The World and Country Group Aggregates (historically called BOPSY) is an annual publication, released each November, of major balance of payments and international investment position components for countries, country groups, and the world.