Financial and insurance activities (banking), value added in South Africa
South Africa: Financial and insurance activities (banking), value added was 400.38 billion constant LCU in 2011. ◆ Volatile
Latest (2011)
400.38 billion constant LCU
Change on year
up 3.9%
World rank
1st
of 31 countries
All-time high
400.38 billion constant LCU
in 2011
All-time low
62.28 billion constant LCU
in 1965
Years of data
47
1965–2011
Financial and insurance activities (banking), value added in South Africa, 1965–2011
Source: World Bank national accounts data, and OECD National Accounts data files. Measured in constant LCU.
Analysis
The most recent figure for financial and insurance activities (banking), value added in South Africa is 400.38 billion constant LCU, measured in 2011. That is the highest value across all 47 years on record.
That represents a change of up 3.9% on the previous year and up 70.8% over ten years.
Over the whole period, financial and insurance activities (banking), value added in South Africa peaked at 400.38 billion constant LCU in 2011 and was at its lowest, 62.28 billion constant LCU, in 1965.
South Africa ranks 1st of 31 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Financial and insurance activities (banking), value added in South Africa, year by year
| Year | constant LCU | Change |
|---|---|---|
| 1965 | 62.28 billion constant LCU | — |
| 1966 | 64.42 billion constant LCU | +3.4% |
| 1967 | 68.25 billion constant LCU | +5.9% |
| 1968 | 74.52 billion constant LCU | +9.2% |
| 1969 | 81.88 billion constant LCU | +9.9% |
| 1970 | 85.60 billion constant LCU | +4.5% |
| 1971 | 88.10 billion constant LCU | +2.9% |
| 1972 | 91.71 billion constant LCU | +4.1% |
| 1973 | 97.60 billion constant LCU | +6.4% |
| 1974 | 101.87 billion constant LCU | +4.4% |
| 1975 | 104.16 billion constant LCU | +2.2% |
| 1976 | 106.77 billion constant LCU | +2.5% |
| 1977 | 107.01 billion constant LCU | +0.2% |
| 1978 | 109.57 billion constant LCU | +2.4% |
| 1979 | 115.17 billion constant LCU | +5.1% |
| 1980 | 122.26 billion constant LCU | +6.2% |
| 1981 | 128.66 billion constant LCU | +5.2% |
| 1982 | 131.83 billion constant LCU | +2.5% |
| 1983 | 136.20 billion constant LCU | +3.3% |
| 1984 | 141.63 billion constant LCU | +4.0% |
| 1985 | 143.89 billion constant LCU | +1.6% |
| 1986 | 147.15 billion constant LCU | +2.3% |
| 1987 | 152.58 billion constant LCU | +3.7% |
| 1988 | 155.60 billion constant LCU | +2.0% |
| 1989 | 158.53 billion constant LCU | +1.9% |
| 1990 | 158.89 billion constant LCU | +0.2% |
| 1991 | 161.35 billion constant LCU | +1.5% |
| 1992 | 162.04 billion constant LCU | +0.4% |
| 1993 | 162.85 billion constant LCU | +0.5% |
| 1994 | 168.80 billion constant LCU | +3.7% |
| 1995 | 174.72 billion constant LCU | +3.5% |
| 1996 | 186.57 billion constant LCU | +6.8% |
| 1997 | 195.36 billion constant LCU | +4.7% |
| 1998 | 199.85 billion constant LCU | +2.3% |
| 1999 | 210.07 billion constant LCU | +5.1% |
| 2000 | 216.75 billion constant LCU | +3.2% |
| 2001 | 234.45 billion constant LCU | +8.2% |
| 2002 | 249.16 billion constant LCU | +6.3% |
| 2003 | 261.12 billion constant LCU | +4.8% |
| 2004 | 279.54 billion constant LCU | +7.1% |
| 2005 | 295.50 billion constant LCU | +5.7% |
| 2006 | 324.00 billion constant LCU | +9.6% |
| 2007 | 349.49 billion constant LCU | +7.9% |
| 2008 | 376.96 billion constant LCU | +7.9% |
| 2009 | 381.86 billion constant LCU | +1.3% |
| 2010 | 385.49 billion constant LCU | +1.0% |
| 2011 | 400.38 billion constant LCU | +3.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 70.27 billion constant LCU | 62.28 billion constant LCU | 81.88 billion constant LCU | 5 |
| 1970s | 100.76 billion constant LCU | 85.60 billion constant LCU | 115.17 billion constant LCU | 10 |
| 1980s | 141.83 billion constant LCU | 122.26 billion constant LCU | 158.53 billion constant LCU | 10 |
| 1990s | 178.05 billion constant LCU | 158.89 billion constant LCU | 210.07 billion constant LCU | 10 |
| 2000s | 296.88 billion constant LCU | 216.75 billion constant LCU | 381.86 billion constant LCU | 10 |
| 2010s | 392.94 billion constant LCU | 385.49 billion constant LCU | 400.38 billion constant LCU | 2 |
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)
- Households and NPISHs Final consumption expenditure (current LCU) 5.85 % change on previous year (2025)
- Households and NPISHs Final consumption expenditure (current LCU) 11.78 current LCU per US$ of GDP (2025)
- Households and NPISHs Final consumption expenditure (current LCU) 77,700 current LCU per person (2025)
- Households and NPISHs Final consumption expenditure (constant 2015) 3.56 % change on previous year (2025)
- Households and NPISHs Final consumption expenditure (constant 2015) 0.5921 constant 2015 US$ per US$ of GDP (2025)
- Households and NPISHs Final consumption expenditure (constant 2015) 3,907 constant 2015 US$ per person (2025)
- Final consumption expenditure (current US$), annual growth rate 7.63 % change on previous year (2025)
- Final consumption expenditure (current US$), per unit of GDP 0.8472 current US$ per US$ of GDP (2025)
Frequently asked questions
- What is financial and insurance activities (banking), value added in South Africa?
- Financial and insurance activities (banking), value added in South Africa was 400.38 billion constant LCU in 2011, according to World Bank national accounts data, and OECD National Accounts data files.
- What is the highest financial and insurance activities (banking), value added recorded in South Africa?
- The highest recorded value was 400.38 billion constant LCU in 2011.
- What is the lowest financial and insurance activities (banking), value added recorded in South Africa?
- The lowest recorded value was 62.28 billion constant LCU in 1965.
- How does South Africa rank for financial and insurance activities (banking), value added?
- South Africa ranks 1st out of 31 countries with data for 2011.
- Is financial and insurance activities (banking), value added rising or falling in South Africa?
- Over the last ten years it is up 70.8%. The long-run trend across the full record is volatile.
- Where does this South Africa data come from?
- The figures come from World Bank national accounts data, and OECD National Accounts data files, published as part of Financial and insurance activities (banking), value added (constant LCU). Statizoid updates them automatically from the source API.
Download this data
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About this data
Value added in banking is defined as the value of output of the banking industry less the value of intermediate consumption (intermediate inputs). Banking is a subset of services, comprising financial intermediation (ISIC 65-67). Data are in constant local currency.