Total debt service in South Africa

South Africa: Total debt service was 6.1% in 2023. ◆ Volatile

Latest (2023)
6.1%
Change on year
down 11.9%
World rank
37th
of 119 countries
All-time high
8.4%
in 2020
All-time low
1.4%
in 2007
Years of data
30
1994–2023

Total debt service in South Africa, 1994–2023

24681994200820231994: 1.9 % of GNI1995: 2 % of GNI1996: 2.6 % of GNI1997: 3.9 % of GNI1998: 2.9 % of GNI1999: 3 % of GNI2000: 2.7 % of GNI2001: 3.4 % of GNI2002: 4.1 % of GNI2003: 2.3 % of GNI2004: 1.6 % of GNI2005: 1.7 % of GNI2006: 2.6 % of GNI2007: 1.4 % of GNI2008: 2.3 % of GNI2009: 1.7 % of GNI2010: 1.6 % of GNI2011: 1.5 % of GNI2012: 2.5 % of GNI2013: 3.5 % of GNI2014: 2.7 % of GNI2015: 8 % of GNI2016: 4.6 % of GNI2017: 4 % of GNI2018: 7.4 % of GNI2019: 5.6 % of GNI2020: 8.4 % of GNI2021: 6.5 % of GNI2022: 6.9 % of GNI2023: 6.1 % of GNI

Source: UNESCO Institute for Statistics. Measured in % of GNI.

Analysis

South Africa recorded 6.1% for total debt service in 2023.

Compared with earlier readings it is down 11.9% on the previous year and up 76.9% over ten years.

Over the whole period, total debt service in South Africa peaked at 8.4% in 2020 and was at its lowest, 1.4%, in 2007.

That places South Africa 37th out of 119 countries with data for 2023, putting it in the middle of the range.

The series is highly variable year to year, so single readings are best treated with caution.

Total debt service in South Africa, year by year

Annual values for Total debt service (% of GNI) in South Africa, 1994 to 2023.
Year % of GNI Change
1994 1.9%
1995 2.0% +4.6%
1996 2.6% +31.8%
1997 3.9% +49.2%
1998 2.9% -25.7%
1999 3.0% +2.2%
2000 2.7% -9.6%
2001 3.4% +25.3%
2002 4.1% +21.4%
2003 2.3% -44.3%
2004 1.6% -29.2%
2005 1.7% +7.1%
2006 2.6% +47.5%
2007 1.4% -44.9%
2008 2.3% +60.0%
2009 1.7% -23.7%
2010 1.6% -5.8%
2011 1.5% -7.8%
2012 2.5% +67.7%
2013 3.5% +37.2%
2014 2.7% -21.2%
2015 8.0% +194.1%
2016 4.6% -42.8%
2017 4.0% -12.4%
2018 7.4% +83.9%
2019 5.6% -23.4%
2020 8.4% +48.3%
2021 6.5% -22.8%
2022 6.9% +7.2%
2023 6.1% -11.9%

Averages by decade

DecadeAverage LowestHighest Years
1990s 2.7% 1.9% 3.9% 6
2000s 2.4% 1.4% 4.1% 10
2010s 4.1% 1.5% 8.0% 10
2020s 7.0% 6.1% 8.4% 4

Countries ranked near South Africa

  1. 34 Gabon 6.3% compare
  2. 35 Costa Rica 6.3% compare
  3. 36 Bosnia and Herzegovina 6.1% compare
  4. 38 Cambodia 5.9% compare
  5. 39 Egypt 5.6% compare
  6. 40 Ecuador 5.6% compare

See the full ranking of 119 places →

More population data for South Africa

All data for South Africa →

Frequently asked questions

What is total debt service in South Africa?
Total debt service in South Africa was 6.1% in 2023, according to UNESCO Institute for Statistics.
What is the highest total debt service recorded in South Africa?
The highest recorded value was 8.4% in 2020.
What is the lowest total debt service recorded in South Africa?
The lowest recorded value was 1.4% in 2007.
How does South Africa rank for total debt service?
South Africa ranks 37th out of 119 countries with data for 2023.
Is total debt service rising or falling in South Africa?
Over the last ten years it is up 76.9%. The long-run trend across the full record is volatile.
Where does this South Africa data come from?
The figures come from UNESCO Institute for Statistics, published as part of Total debt service (% of GNI). Statizoid updates them automatically from the source API.

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Total debt service in South Africa. Statizoid, drawing on UNESCO Institute for Statistics. Retrieved 03 September 2026, from https://population.statizoid.com/stat/total-debt-service-percent-of-gni-2/south-africa/

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About this data

Indicator
Total debt service (% of GNI)
Unit
% of GNI
Source
UNESCO Institute for Statistics
Licence
CC BY-SA 3.0 IGO (UNESCO Institute for Statistics)
Coverage
119 places, 5,373 data points, 1970–2023
Last refreshed

February 2026 Data Release