Services balance (credit less debit), Net (credits less debits) in South Africa
South Africa: Services balance (credit less debit), Net (credits less debits) was -3.93 billion in 2024. ◆ Volatile
Services balance (credit less debit), Net (credits less debits) in South Africa, 2005–2024
Source: International Monetary Fund.
Analysis
South Africa recorded -3.93 billion for services balance (credit less debit), net (credits less debits) in 2024.
That represents a change of up 10.5% on the previous year and down 7,198.3% over ten years.
Over the whole period, services balance (credit less debit), net (credits less debits) in South Africa peaked at 116.41 million in 2018 and was at its lowest, -5.55 billion, in 2022.
That places South Africa 163rd out of 197 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Services balance (credit less debit), Net (credits less debits) in South Africa, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | -322.30 million | — |
| 2006 | -1.16 billion | +261.4% |
| 2007 | -1.43 billion | +22.7% |
| 2008 | -3.00 billion | +109.9% |
| 2009 | -2.15 billion | -28.2% |
| 2010 | -3.21 billion | +49.2% |
| 2011 | -3.12 billion | -2.9% |
| 2012 | -815.67 million | -73.9% |
| 2013 | -855.23 million | +4.9% |
| 2014 | 55.37 million | -106.5% |
| 2015 | -166.42 million | -400.5% |
| 2016 | -336.12 million | +102.0% |
| 2017 | -67.93 million | -79.8% |
| 2018 | 116.41 million | -271.4% |
| 2019 | -547.95 million | -570.7% |
| 2020 | -2.65 billion | +383.9% |
| 2021 | -4.45 billion | +67.8% |
| 2022 | -5.55 billion | +24.8% |
| 2023 | -4.39 billion | -20.8% |
| 2024 | -3.93 billion | -10.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -1.61 billion | -3.00 billion | -322.30 million | 5 |
| 2010s | -894.94 million | -3.21 billion | 116.41 million | 10 |
| 2020s | -4.19 billion | -5.55 billion | -2.65 billion | 5 |
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)
- Total reserves (gold at national valuation) (SDR), per capita 855.88 SDR per person (2025)
Frequently asked questions
- What is services balance (credit less debit), net (credits less debits) in South Africa?
- Services balance (credit less debit), net (credits less debits) in South Africa was -3.93 billion in 2024, according to International Monetary Fund.
- What is the highest services balance (credit less debit), net (credits less debits) recorded in South Africa?
- The highest recorded value was 116.41 million in 2018.
- What is the lowest services balance (credit less debit), net (credits less debits) recorded in South Africa?
- The lowest recorded value was -5.55 billion in 2022.
- How does South Africa rank for services balance (credit less debit), net (credits less debits)?
- South Africa ranks 163rd out of 197 countries with data for 2024.
- Is services balance (credit less debit), net (credits less debits) rising or falling in South Africa?
- Over the last ten years it is down 7,198.3%. 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 Services 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.