Annual broad money growth in South Africa
South Africa: Annual broad money growth was 6.7% in 2024. ◆ Volatile
Annual broad money growth in South Africa, 2000–2024
Source: International Monetary Fund – processed by Our World in Data. Measured in %.
Analysis
The most recent figure for annual broad money growth in South Africa is 6.7%, measured in 2024.
The figure is down 11.6% on the previous year and down 7.8% over ten years.
Over the whole period, annual broad money growth in South Africa peaked at 23.9% in 2007 and was at its lowest, 1.8%, in 2009.
That places South Africa 105th out of 164 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.
Annual broad money growth in South Africa, year by year
| Year | % | Change |
|---|---|---|
| 2000 | 7.2% | — |
| 2001 | 20.2% | +179.6% |
| 2002 | 18.3% | -9.4% |
| 2003 | 13.3% | -27.0% |
| 2004 | 13.2% | -1.5% |
| 2005 | 20.7% | +57.4% |
| 2006 | 22.6% | +9.3% |
| 2007 | 23.9% | +5.8% |
| 2008 | 14.7% | -38.4% |
| 2009 | 1.8% | -88.1% |
| 2010 | 6.9% | +293.8% |
| 2011 | 8.3% | +20.3% |
| 2012 | 5.2% | -38.0% |
| 2013 | 5.9% | +14.5% |
| 2014 | 7.3% | +23.0% |
| 2015 | 10.3% | +41.8% |
| 2016 | 6.1% | -41.1% |
| 2017 | 6.4% | +5.8% |
| 2018 | 5.6% | -12.9% |
| 2019 | 6.1% | +9.1% |
| 2020 | 9.4% | +54.3% |
| 2021 | 5.7% | -39.4% |
| 2022 | 8.6% | +51.3% |
| 2023 | 7.6% | -12.2% |
| 2024 | 6.7% | -11.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 15.6% | 1.8% | 23.9% | 10 |
| 2010s | 6.8% | 5.2% | 10.3% | 10 |
| 2020s | 7.6% | 5.7% | 9.4% | 5 |
Countries ranked near South Africa
More economy & growth data for South Africa
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 0.4836 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 1.4 Percent per annum (2029)
- Services, value added (constant LCU), per capita 48,868 constant LCU per person (2025)
- GDP deflator (base year varies by country), annual growth rate 2.79 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current US$), annual growth 6.34 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current US$), per unit of GDP 0.8998 current US$ per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current US$), per capita 5,937 current US$ per person (2025)
- Gross value added at basic prices (GVA) (current LCU), annual growth 3.79 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 16.1 current LCU per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current LCU), per capita 106,203 current LCU per person (2025)
Frequently asked questions
- What is annual broad money growth in South Africa?
- Annual broad money growth in South Africa was 6.7% in 2024, according to International Monetary Fund – processed by Our World in Data.
- What is the highest annual broad money growth recorded in South Africa?
- The highest recorded value was 23.9% in 2007.
- What is the lowest annual broad money growth recorded in South Africa?
- The lowest recorded value was 1.8% in 2009.
- How does South Africa rank for annual broad money growth?
- South Africa ranks 105th out of 164 countries with data for 2024.
- Is annual broad money growth rising or falling in South Africa?
- Over the last ten years it is down 7.8%. 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 – processed by Our World in Data, published as part of Annual broad money growth. Statizoid updates them automatically from the source API.
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About this data
Annual broad money growth (%).