Liabilities, Liabilities to Central Government (OFCS) in South Africa
South Africa: Liabilities, Liabilities to Central Government (OFCS) was 352.28 billion in 2024. ◆ Volatile
Liabilities, Liabilities to Central Government (OFCS) in South Africa, 2001–2024
Source: International Monetary Fund.
Analysis
In 2024, liabilities, liabilities to central government (ofcs) in South Africa stood at 352.28 billion. That is the highest value across all 24 years on record.
Compared with earlier readings it is up 14.0% on the previous year and up 77.6% over ten years.
Over the whole period, liabilities, liabilities to central government (ofcs) in South Africa peaked at 352.28 billion in 2024 and was at its lowest, 16.66 billion, in 2001.
That places South Africa 8th out of 65 countries with data for 2024, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Liabilities, Liabilities to Central Government (OFCS) in South Africa, year by year
| Year | Value | Change |
|---|---|---|
| 2001 | 16.66 billion | — |
| 2002 | 19.55 billion | +17.4% |
| 2003 | 24.83 billion | +27.0% |
| 2004 | 33.66 billion | +35.6% |
| 2005 | 42.57 billion | +26.5% |
| 2006 | 53.25 billion | +25.1% |
| 2007 | 64.96 billion | +22.0% |
| 2008 | 78.25 billion | +20.5% |
| 2009 | 86.09 billion | +10.0% |
| 2010 | 104.64 billion | +21.5% |
| 2011 | 122.54 billion | +17.1% |
| 2012 | 148.19 billion | +20.9% |
| 2013 | 174.62 billion | +17.8% |
| 2014 | 198.32 billion | +13.6% |
| 2015 | 212.40 billion | +7.1% |
| 2016 | 232.40 billion | +9.4% |
| 2017 | 258.07 billion | +11.0% |
| 2018 | 269.13 billion | +4.3% |
| 2019 | 292.34 billion | +8.6% |
| 2020 | 238.98 billion | -18.3% |
| 2021 | 250.35 billion | +4.8% |
| 2022 | 272.49 billion | +8.8% |
| 2023 | 309.08 billion | +13.4% |
| 2024 | 352.28 billion | +14.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 46.65 billion | 16.66 billion | 86.09 billion | 9 |
| 2010s | 201.26 billion | 104.64 billion | 292.34 billion | 10 |
| 2020s | 284.64 billion | 238.98 billion | 352.28 billion | 5 |
Countries ranked near South Africa
More external debt data for South Africa
- IFC, private nonguaranteed -15.41 million NFL, US$ (2024)
- IFC, private nonguaranteed (NFL, US$), per capita -0.2407 NFL, US$ per person (2024)
- IFC, private nonguaranteed (NFL, US$), per unit of GDP -0 NFL, US$ per US$ of GDP (2024)
- IFC, private nonguaranteed (NFL, US$), per square kilometre 444.22 NFL, US$ per square kilometre (2023)
- Public and publicly guaranteed debt service 2.3% (2024)
- Net financial flows, IBRD 910.75 million NFL, current US$ (2024)
- Public and publicly guaranteed debt service 6.5% (2024)
- Net financial flows, IBRD (NFL, current US$), annual growth rate -109.7 % change on previous year (2023)
- Other investment, Debt instruments 53.54 billion US dollar (2025)
- Use of IMF credit 7.63 billion DOD, current US$ (2024)
Frequently asked questions
- What is liabilities, liabilities to central government (ofcs) in South Africa?
- Liabilities, liabilities to central government (ofcs) in South Africa was 352.28 billion in 2024, according to International Monetary Fund.
- What is the highest liabilities, liabilities to central government (ofcs) recorded in South Africa?
- The highest recorded value was 352.28 billion in 2024.
- What is the lowest liabilities, liabilities to central government (ofcs) recorded in South Africa?
- The lowest recorded value was 16.66 billion in 2001.
- How does South Africa rank for liabilities, liabilities to central government (ofcs)?
- South Africa ranks 8th out of 65 countries with data for 2024.
- Is liabilities, liabilities to central government (ofcs) rising or falling in South Africa?
- Over the last ten years it is up 77.6%. 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 Liabilities, Liabilities to Central Government (OFCS) (Domestic currency). Statizoid updates them automatically from the source API.
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About this data
The Monetary and Financial Statistics (MFS), Other Financial Corporations (OFCs) dataset presents the balance sheet of OFCs highlighting their financial linkages with other economic sectors and nonresidents.