Goods balance (credit less debit), Percent of GDP (Balance of) in South Africa
South Africa: Goods balance (credit less debit), Percent of GDP (Balance of) was 2.43 in 2027. ◆ Volatile
Goods balance (credit less debit), Percent of GDP (Balance of) in South Africa, 2000–2027
Source: International Monetary Fund.
Analysis
In 2027, goods balance (credit less debit), percent of gdp (balance of) in South Africa stood at 2.43.
Compared with earlier readings it is down 9.3% on the previous year and up 109.0% over ten years.
Over the whole period, goods balance (credit less debit), percent of gdp (balance of) in South Africa peaked at 7.28 in 2021 and was at its lowest, -1.9, in 2013.
South Africa ranks 18th of 45 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Goods balance (credit less debit), Percent of GDP (Balance of) in South Africa, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 3.1 | — |
| 2001 | 3.82 | +23.4% |
| 2002 | 3.69 | -3.5% |
| 2003 | 1.79 | -51.5% |
| 2004 | -0.0747 | -104.2% |
| 2005 | -0.1089 | +45.9% |
| 2006 | -1.18 | +982.5% |
| 2007 | -0.7754 | -34.2% |
| 2008 | -0.5561 | -28.3% |
| 2009 | 1.01 | -280.9% |
| 2010 | 1.92 | +91.2% |
| 2011 | 1.42 | -26.2% |
| 2012 | -1.11 | -178.5% |
| 2013 | -1.9 | +70.5% |
| 2014 | -1.52 | -20.2% |
| 2015 | -1.25 | -17.7% |
| 2016 | 0.5399 | -143.2% |
| 2017 | 1.16 | +115.1% |
| 2018 | 0.4921 | -57.6% |
| 2019 | 0.6515 | +32.4% |
| 2020 | 5.2 | +698.0% |
| 2021 | 7.28 | +40.0% |
| 2022 | 3.5 | -51.9% |
| 2023 | 1.98 | -43.3% |
| 2024 | 2.91 | +47.0% |
| 2025 | 2.82 | -3.4% |
| 2026 | 2.68 | -5.0% |
| 2027 | 2.43 | -9.3% |
South Africa compared with similar countries
- South Africa's 2.43 is above the median for Sub-Saharan Africa, which is -2.52. (45 countries reporting)
- South Africa's 2.43 is above the median for upper middle income countries, which is -2.59. (6 countries reporting)
Biggest year-on-year movements
Years where Goods balance (credit less debit), Percent of GDP (Balance of) 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 | -982.5% | -0.1089 | -1.18 |
| 2020 | +698.0% | 0.6515 | 5.2 |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 1.07 | -1.18 | 3.82 | 10 |
| 2010s | 0.0407 | -1.9 | 1.92 | 10 |
| 2020s | 3.6 | 1.98 | 7.28 | 8 |
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), percent of gdp (balance of) in South Africa?
- Goods balance (credit less debit), percent of gdp (balance of) in South Africa was 2.43 in 2027, according to International Monetary Fund.
- What is the highest goods balance (credit less debit), percent of gdp (balance of) recorded in South Africa?
- The highest recorded value was 7.28 in 2021.
- What is the lowest goods balance (credit less debit), percent of gdp (balance of) recorded in South Africa?
- The lowest recorded value was -1.9 in 2013.
- How does South Africa rank for goods balance (credit less debit), percent of gdp (balance of)?
- South Africa ranks 18th out of 45 countries with data for 2027.
- Is goods balance (credit less debit), percent of gdp (balance of) rising or falling in South Africa?
- Over the last ten years it is up 109.0%. 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), Percent of GDP (Balance of Payments and International Investment Position Manual, Sixth Edition (BPM6)). Statizoid updates them automatically from the source API.
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About this data
Sub-Saharan Africa Regional Economic Outlook (REO) provides information on recent economic developments and prospects for countries in sub-Saharan Africa. Data for the REO for sub-Saharan Africa are prepared in conjunction with the semi-annual World Economic Outlook (WEO) exercises, spring and fall.