Loans from nonresident banks (amounts outstanding) to GDP in South Africa
South Africa: Loans from nonresident banks (amounts outstanding) to GDP was 20.3% in 2021. ◆ Volatile
Loans from nonresident banks (amounts outstanding) to GDP in South Africa, 1971–2021
Source: Bank for International Settlements (BIS). Measured in %.
Analysis
The most recent figure for loans from nonresident banks (amounts outstanding) to gdp in South Africa is 20.3%, measured in 2021.
Compared with earlier readings it is down 16.3% on the previous year and up 88.0% over ten years.
Over the whole period, loans from nonresident banks (amounts outstanding) to gdp in South Africa peaked at 24.3% in 2020 and was at its lowest, 0.8%, in 1993.
That places South Africa 57th out of 136 countries with data for 2021, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Loans from nonresident banks (amounts outstanding) to GDP in South Africa, year by year
| Year | % | Change |
|---|---|---|
| 1971 | 0.9% | — |
| 1972 | 1.8% | +91.0% |
| 1973 | 2.0% | +12.1% |
| 1974 | 1.9% | -4.9% |
| 1975 | 2.7% | +40.5% |
| 1976 | 3.1% | +16.2% |
| 1977 | 3.4% | +7.4% |
| 1978 | 4.0% | +19.1% |
| 1979 | 3.6% | -9.1% |
| 1980 | 2.2% | -39.4% |
| 1981 | 2.0% | -11.5% |
| 1982 | 2.1% | +8.0% |
| 1983 | 2.1% | +1.7% |
| 1984 | 2.9% | +36.4% |
| 1985 | 4.9% | +66.9% |
| 1986 | 4.8% | -2.1% |
| 1987 | 3.9% | -18.8% |
| 1988 | 2.9% | -25.9% |
| 1989 | 2.5% | -12.7% |
| 1990 | 1.5% | -42.0% |
| 1991 | 1.0% | -28.9% |
| 1992 | 1.1% | +1.2% |
| 1993 | 0.8% | -26.2% |
| 1994 | 1.6% | +109.6% |
| 1995 | 2.2% | +32.8% |
| 1996 | 2.7% | +23.6% |
| 1997 | 2.8% | +5.7% |
| 1998 | 3.9% | +38.4% |
| 1999 | 4.8% | +23.1% |
| 2000 | 5.6% | +15.4% |
| 2001 | 7.2% | +30.3% |
| 2002 | 10.1% | +40.1% |
| 2003 | 10.1% | -0.0% |
| 2004 | 9.7% | -4.3% |
| 2005 | 9.2% | -5.3% |
| 2006 | 10.8% | +18.0% |
| 2007 | 12.7% | +16.7% |
| 2008 | 11.3% | -11.1% |
| 2009 | 11.6% | +2.9% |
| 2010 | 10.6% | -8.5% |
| 2011 | 10.8% | +2.0% |
| 2012 | 12.4% | +15.1% |
| 2013 | 14.4% | +15.4% |
| 2014 | 14.5% | +0.8% |
| 2015 | 17.3% | +19.4% |
| 2016 | 19.2% | +11.4% |
| 2017 | 18.1% | -5.9% |
| 2018 | 18.1% | -0.2% |
| 2019 | 19.6% | +8.6% |
| 2020 | 24.3% | +23.9% |
| 2021 | 20.3% | -16.3% |
South Africa compared with similar countries
- South Africa's 20.3% is above the median for upper middle income countries, which is 17.4%, 1.2× the median. (45 countries reporting)
- South Africa's 20.3% is above the median for Sub-Saharan Africa, which is 11.9%, 1.7× the median. (20 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 2.6% | 0.9% | 4.0% | 9 |
| 1980s | 3.0% | 2.0% | 4.9% | 10 |
| 1990s | 2.2% | 0.8% | 4.8% | 10 |
| 2000s | 9.8% | 5.6% | 12.7% | 10 |
| 2010s | 15.5% | 10.6% | 19.6% | 10 |
| 2020s | 22.3% | 20.3% | 24.3% | 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 loans from nonresident banks (amounts outstanding) to gdp in South Africa?
- Loans from nonresident banks (amounts outstanding) to gdp in South Africa was 20.3% in 2021, according to Bank for International Settlements (BIS).
- What is the highest loans from nonresident banks (amounts outstanding) to gdp recorded in South Africa?
- The highest recorded value was 24.3% in 2020.
- What is the lowest loans from nonresident banks (amounts outstanding) to gdp recorded in South Africa?
- The lowest recorded value was 0.8% in 1993.
- How does South Africa rank for loans from nonresident banks (amounts outstanding) to gdp?
- South Africa ranks 57th out of 136 countries with data for 2021.
- Is loans from nonresident banks (amounts outstanding) to gdp rising or falling in South Africa?
- Over the last ten years it is up 88.0%. The long-run trend across the full record is volatile.
- Where does this South Africa data come from?
- The figures come from Bank for International Settlements (BIS), published as part of Loans from nonresident banks (amounts outstanding) to GDP (%). Statizoid updates them automatically from the source API.
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About this data
Ratio of outstanding offshore bank loans to GDP. An offshore bank is a bank located outside the country of residence of the depositor, typically in a low tax jurisdiction (or tax haven) that provides financial and legal advantages. Offshore bank loan data from BIS Statistical Appendix Table 7A: External loans and deposits of reporting banks vis-à-vis all sectors.