Economic Policy & Debt · South Africa
Yearly data from 1994 to 2024, from the World Bank.
South Africa's PPG, commercial banks (NFL, current US$) was US$112.05 million in 2024, the latest year in the World Bank's World Development Indicators. That is up 121.02% from −US$533.09 million in 2014.
| Value | Year | |
|---|---|---|
| Latest | US$112.05 million | 2024 |
| Five years earlier | −US$1.37 billion | 2019 |
| Ten years earlier | −US$533.09 million | 2014 |
| Highest | US$4.18 billion | 2018 |
| Lowest | −US$1.89 billion | 2021 |
| Average since 2015 | US$109.5 million | 2015–2024 |
| First recorded | US$154.4 million | 1994 |
Over five years it is up 108.17% from −US$1.37 billion in 2019. Since 1994 it is down 27.43% from US$154.4 million in 1994 (1.06% a year on average, compounded).
In 2024, South Africa's PPG, commercial banks (NFL, current US$) rose US$748.22 million on 2023 (from −US$636.17 million to US$112.05 million).
Across the 29 yearly changes before that (1995 to 2023), the average change was −US$27.26 million and a typical year strayed about US$1.67 billion from that (the standard deviation). This year's change was 0.5 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
On record, the biggest yearly rise was US$3.69 billion in 2018 and the biggest yearly fall was US$5.55 billion in 2019. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2015 to 2024 there is no clear straight-line trend: a straight line explains 17% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
In 2024, South Africa had the 17th highest value of the 87 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.
| Value | Year | |
|---|---|---|
| South Africa | US$112.05 million | 2024 |
| Upper middle income | US$30.53 billion | 2024 |
Public and publicly guaranteed commercial bank loans from private banks and other private financial institutions. Net flows (or net lending or net disbursements) received by the borrower during the year are disbursements minus principal repayments. Data are in current U.S. dollars.
Regional and income-group figures are computed by the World Bank as a sum.
| Year | PPG, commercial banks (NFL, current US$) |
|---|---|
| 2024 | 112,052,000 |
| 2023 | -636,169,000 |
| 2022 | -644,137,000 |
| 2021 | -1,888,202,000 |
| 2020 | -598,331,000 |
| 2019 | -1,371,230,000 |
| 2018 | 4,175,447,000 |
| 2017 | 488,175,000 |
| 2016 | -681,070,000 |
| 2015 | 2,138,464,000 |
| 2014 | -533,094,000 |
| 2013 | -464,881,000 |
| 2012 | 721,205,000 |
| 2011 | 981,104,000 |
| 2010 | 284,640,000 |
| 2009 | -1,504,986,000 |
| 2008 | -296,031,000 |
| 2007 | -559,334,000 |
| 2006 | -971,313,000 |
| 2005 | 1,047,780,000 |
| 2004 | 593,969,000 |
| 2003 | -325,998,000 |
| 2002 | -26,202,000 |
| 2001 | -904,032,000 |
| 2000 | -529,226,000 |
| 1999 | -106,612,000 |
| 1998 | -356,499,000 |
| 1997 | -26,109,000 |
| 1996 | -415,288,000 |
| 1995 | 110,840,000 |
| 1994 | 154,398,000 |
Every indicator for South Africa is on the South Africa data page.
World Bank, World Development Indicators, indicator DT.NFL.PCBK.CD, licensed CC BY 4.0. Original source: International Debt Statistics, World Bank (WB) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
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