Savings Rate, Percent per annum in South Africa
South Africa: Savings Rate, Percent per annum was 6.03 in 2025. ▲ Rising
Savings Rate, Percent per annum in South Africa, 2001–2025
Source: International Monetary Fund.
Analysis
The most recent figure for savings rate, percent per annum in South Africa is 6.03, measured in 2025.
That represents a change of down 16.3% on the previous year and up 106.2% over ten years.
Over the whole period, savings rate, percent per annum in South Africa peaked at 7.21 in 2024 and was at its lowest, 2.58, in 2012.
That places South Africa 8th out of 63 countries with data for 2025, putting it in the top quarter.
The long-run direction has been consistently rising across the 25 years of available data.
Savings Rate, Percent per annum in South Africa, year by year
| Year | Value | Change |
|---|---|---|
| 2001 | 3.04 | — |
| 2002 | 4.76 | +56.5% |
| 2003 | 4.3 | -9.5% |
| 2004 | 3.32 | -22.9% |
| 2005 | 3.26 | -1.8% |
| 2006 | 3.63 | +11.3% |
| 2007 | 5.09 | +40.3% |
| 2008 | 6.46 | +26.9% |
| 2009 | 4.85 | -24.9% |
| 2010 | 3.04 | -37.3% |
| 2011 | 2.72 | -10.7% |
| 2012 | 2.58 | -5.0% |
| 2013 | 2.61 | +1.0% |
| 2014 | 3.11 | +19.2% |
| 2015 | 2.92 | -6.0% |
| 2016 | 3.73 | +27.5% |
| 2017 | 4.35 | +16.7% |
| 2018 | 4.62 | +6.1% |
| 2019 | 4.73 | +2.5% |
| 2020 | 3.91 | -17.4% |
| 2021 | 3.66 | -6.3% |
| 2022 | 4.57 | +24.8% |
| 2023 | 6.85 | +49.8% |
| 2024 | 7.21 | +5.2% |
| 2025 | 6.03 | -16.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 4.3 | 3.04 | 6.46 | 9 |
| 2010s | 3.44 | 2.58 | 4.73 | 10 |
| 2020s | 5.37 | 3.66 | 7.21 | 6 |
Countries ranked near South Africa
More financial sector data for South Africa
- Total reserves in months of imports, annual growth rate 9.76 % change on previous year (2025)
- Total reserves in months of imports, per unit of GDP 0 units per US$ of GDP (2025)
- Total reserves in months of imports, per capita 0 units per person (2025)
- Reserves excluding gold, foreign exchange (SDR), annual growth rate 1.24 % change on previous year (2025)
- Reserves excluding gold, foreign exchange (SDR), per unit of GDP 0.0877 SDR per US$ of GDP (2025)
- Reserves excluding gold, foreign exchange (SDR), per capita 578.61 SDR per person (2025)
- Reserves excluding gold (SDR), annual growth rate 1.27 % change on previous year (2025)
- Reserves excluding gold (SDR), per capita 658.6 SDR per person (2025)
- Total reserves (gold at market value) (SDR), annual growth rate 10.64 % change on previous year (2025)
- Total reserves (gold at market value) (SDR), per capita 857.36 SDR per person (2025)
Frequently asked questions
- What is savings rate, percent per annum in South Africa?
- Savings rate, percent per annum in South Africa was 6.03 in 2025, according to International Monetary Fund.
- What is the highest savings rate, percent per annum recorded in South Africa?
- The highest recorded value was 7.21 in 2024.
- What is the lowest savings rate, percent per annum recorded in South Africa?
- The lowest recorded value was 2.58 in 2012.
- How does South Africa rank for savings rate, percent per annum?
- South Africa ranks 8th out of 63 countries with data for 2025.
- Is savings rate, percent per annum rising or falling in South Africa?
- Over the last ten years it is up 106.2%. 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 Savings Rate, Percent per annum. Statizoid updates them automatically from the source API.
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About this data
The Monetary and Financial Statistics (MFS), Interest Rates dataset presents country-specific interest rate data across sectors and instruments, based on nationally defined methodologies.