Net incurrence of liabilities, total in South Africa
South Africa: Net incurrence of liabilities, total was 414.86 billion current LCU in 2024. ◆ Volatile
Net incurrence of liabilities, total in South Africa, 1972–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
South Africa recorded 414.86 billion current LCU for net incurrence of liabilities, total in 2024.
That represents a change of up 22.8% on the previous year and up 91.3% over ten years.
Over the whole period, net incurrence of liabilities, total in South Africa peaked at 699.09 billion current LCU in 2020 and was at its lowest, 732.00 million current LCU, in 1973.
That places South Africa 40th out of 136 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Net incurrence of liabilities, total in South Africa, year by year
| Year | current LCU | Change |
|---|---|---|
| 1972 | 867.00 million current LCU | — |
| 1973 | 732.00 million current LCU | -15.6% |
| 1974 | 794.00 million current LCU | +8.5% |
| 1975 | 1.63 billion current LCU | +105.0% |
| 1976 | 1.85 billion current LCU | +13.6% |
| 1977 | 2.14 billion current LCU | +15.6% |
| 1978 | 2.16 billion current LCU | +1.0% |
| 1979 | 2.02 billion current LCU | -6.5% |
| 1980 | 1.52 billion current LCU | -24.6% |
| 1981 | 2.41 billion current LCU | +58.2% |
| 1982 | 4.19 billion current LCU | +74.1% |
| 1983 | 4.43 billion current LCU | +5.6% |
| 1984 | 5.07 billion current LCU | +14.5% |
| 1985 | 5.09 billion current LCU | +0.6% |
| 1986 | 8.55 billion current LCU | +67.8% |
| 1987 | 12.28 billion current LCU | +43.7% |
| 1988 | 11.91 billion current LCU | -3.0% |
| 1989 | 12.94 billion current LCU | +8.7% |
| 1990 | 10.66 billion current LCU | -17.6% |
| 1991 | 14.03 billion current LCU | +31.6% |
| 1992 | 28.71 billion current LCU | +104.6% |
| 1993 | 38.62 billion current LCU | +34.5% |
| 1994 | 26.86 billion current LCU | -30.4% |
| 1995 | 30.10 billion current LCU | +12.0% |
| 1996 | 23.94 billion current LCU | -20.5% |
| 1997 | 23.45 billion current LCU | -2.0% |
| 1998 | 19.57 billion current LCU | -16.6% |
| 1999 | 15.37 billion current LCU | -21.5% |
| 2000 | 17.04 billion current LCU | +10.9% |
| 2001 | 15.67 billion current LCU | -8.1% |
| 2002 | 20.89 billion current LCU | +33.3% |
| 2003 | 42.76 billion current LCU | +104.6% |
| 2004 | 52.32 billion current LCU | +22.4% |
| 2005 | 40.54 billion current LCU | -22.5% |
| 2006 | 13.20 billion current LCU | -67.4% |
| 2007 | 10.97 billion current LCU | -16.9% |
| 2008 | 62.07 billion current LCU | +465.7% |
| 2009 | 226.22 billion current LCU | +264.5% |
| 2010 | 206.82 billion current LCU | -8.6% |
| 2011 | 166.34 billion current LCU | -19.6% |
| 2012 | 152.42 billion current LCU | -8.4% |
| 2013 | 215.32 billion current LCU | +41.3% |
| 2014 | 216.89 billion current LCU | +0.7% |
| 2015 | 215.73 billion current LCU | -0.5% |
| 2016 | 238.43 billion current LCU | +10.5% |
| 2017 | 295.87 billion current LCU | +24.1% |
| 2018 | 289.53 billion current LCU | -2.1% |
| 2019 | 420.48 billion current LCU | +45.2% |
| 2020 | 699.09 billion current LCU | +66.3% |
| 2021 | 262.67 billion current LCU | -62.4% |
| 2022 | 323.57 billion current LCU | +23.2% |
| 2023 | 337.76 billion current LCU | +4.4% |
| 2024 | 414.86 billion current LCU | +22.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 1.52 billion current LCU | 732.00 million current LCU | 2.16 billion current LCU | 8 |
| 1980s | 6.84 billion current LCU | 1.52 billion current LCU | 12.94 billion current LCU | 10 |
| 1990s | 23.13 billion current LCU | 10.66 billion current LCU | 38.62 billion current LCU | 10 |
| 2000s | 50.17 billion current LCU | 10.97 billion current LCU | 226.22 billion current LCU | 10 |
| 2010s | 241.78 billion current LCU | 152.42 billion current LCU | 420.48 billion current LCU | 10 |
| 2020s | 407.59 billion current LCU | 262.67 billion current LCU | 699.09 billion current LCU | 5 |
Countries ranked near South Africa
More public sector data for South Africa
- Arms imports 30.00 million SIPRI trend indicator values (2023)
- Arms imports (SIPRI trend indicator values), per capita 0.4746 SIPRI trend indicator values per person (2023)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0001 SIPRI trend indicator values per US$ of GDP (2023)
- Arms imports (SIPRI trend indicator values), annual growth rate 0 % change on previous year (2023)
- Arms imports (SIPRI trend indicator values), gaps filled 30.00 million SIPRI trend indicator values (2023)
- Military expenditure (current USD), per capita 44.31 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0071 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate -1.41 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 2.84 billion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 24.73 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is net incurrence of liabilities, total in South Africa?
- Net incurrence of liabilities, total in South Africa was 414.86 billion current LCU in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest net incurrence of liabilities, total recorded in South Africa?
- The highest recorded value was 699.09 billion current LCU in 2020.
- What is the lowest net incurrence of liabilities, total recorded in South Africa?
- The lowest recorded value was 732.00 million current LCU in 1973.
- How does South Africa rank for net incurrence of liabilities, total?
- South Africa ranks 40th out of 136 countries with data for 2024.
- Is net incurrence of liabilities, total rising or falling in South Africa?
- Over the last ten years it is up 91.3%. The long-run trend across the full record is volatile.
- Where does this South Africa data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Net incurrence of liabilities, total (current LCU). Statizoid updates them automatically from the source API.
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About this data
Net incurrence of government liabilities includes foreign financing (obtained from nonresidents) and domestic financing (obtained from residents), or the means by which a government provides financial resources to cover a budget deficit or allocates financial resources arising from a budget surplus. The net incurrence of liabilities should be offset by the net acquisition of financial assets. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.