Financial and insurance activities (banking), value added in South Africa
South Africa: Financial and insurance activities (banking), value added was 565.22 billion current LCU in 2011. ◆ Volatile
Latest (2011)
565.22 billion current LCU
Change on year
up 10.5%
World rank
3rd
of 36 countries
All-time high
565.22 billion current LCU
in 2011
All-time low
850.00 million current 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 current LCU.
Analysis
South Africa recorded 565.22 billion current LCU for financial and insurance activities (banking), value added in 2011. That is the highest value across all 47 years on record.
Compared with earlier readings it is up 10.5% on the previous year and up 218.4% over ten years.
Over the whole period, financial and insurance activities (banking), value added in South Africa peaked at 565.22 billion current LCU in 2011 and was at its lowest, 850.00 million current LCU, in 1965.
South Africa ranks 3rd of 36 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 | current LCU | Change |
|---|---|---|
| 1965 | 850.00 million current LCU | — |
| 1966 | 957.00 million current LCU | +12.6% |
| 1967 | 1.13 billion current LCU | +18.0% |
| 1968 | 1.29 billion current LCU | +14.5% |
| 1969 | 1.50 billion current LCU | +15.8% |
| 1970 | 1.72 billion current LCU | +14.6% |
| 1971 | 1.94 billion current LCU | +13.4% |
| 1972 | 2.20 billion current LCU | +13.1% |
| 1973 | 2.57 billion current LCU | +17.0% |
| 1974 | 3.07 billion current LCU | +19.4% |
| 1975 | 3.23 billion current LCU | +5.3% |
| 1976 | 3.70 billion current LCU | +14.4% |
| 1977 | 4.03 billion current LCU | +8.9% |
| 1978 | 4.52 billion current LCU | +12.1% |
| 1979 | 5.34 billion current LCU | +18.1% |
| 1980 | 6.41 billion current LCU | +20.1% |
| 1981 | 7.64 billion current LCU | +19.2% |
| 1982 | 9.20 billion current LCU | +20.4% |
| 1983 | 11.14 billion current LCU | +21.1% |
| 1984 | 13.39 billion current LCU | +20.2% |
| 1985 | 15.85 billion current LCU | +18.4% |
| 1986 | 17.31 billion current LCU | +9.2% |
| 1987 | 20.69 billion current LCU | +19.5% |
| 1988 | 25.07 billion current LCU | +21.2% |
| 1989 | 30.27 billion current LCU | +20.7% |
| 1990 | 36.04 billion current LCU | +19.1% |
| 1991 | 44.95 billion current LCU | +24.7% |
| 1992 | 53.27 billion current LCU | +18.5% |
| 1993 | 62.86 billion current LCU | +18.0% |
| 1994 | 70.49 billion current LCU | +12.1% |
| 1995 | 82.16 billion current LCU | +16.6% |
| 1996 | 94.12 billion current LCU | +14.6% |
| 1997 | 110.49 billion current LCU | +17.4% |
| 1998 | 122.23 billion current LCU | +10.6% |
| 1999 | 140.67 billion current LCU | +15.1% |
| 2000 | 156.25 billion current LCU | +11.1% |
| 2001 | 177.53 billion current LCU | +13.6% |
| 2002 | 207.71 billion current LCU | +17.0% |
| 2003 | 231.18 billion current LCU | +11.3% |
| 2004 | 261.29 billion current LCU | +13.0% |
| 2005 | 295.50 billion current LCU | +13.1% |
| 2006 | 339.31 billion current LCU | +14.8% |
| 2007 | 405.53 billion current LCU | +19.5% |
| 2008 | 449.55 billion current LCU | +10.9% |
| 2009 | 473.72 billion current LCU | +5.4% |
| 2010 | 511.33 billion current LCU | +7.9% |
| 2011 | 565.22 billion current LCU | +10.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 1.15 billion current LCU | 850.00 million current LCU | 1.50 billion current LCU | 5 |
| 1970s | 3.23 billion current LCU | 1.72 billion current LCU | 5.34 billion current LCU | 10 |
| 1980s | 15.70 billion current LCU | 6.41 billion current LCU | 30.27 billion current LCU | 10 |
| 1990s | 81.73 billion current LCU | 36.04 billion current LCU | 140.67 billion current LCU | 10 |
| 2000s | 299.76 billion current LCU | 156.25 billion current LCU | 473.72 billion current LCU | 10 |
| 2010s | 538.28 billion current LCU | 511.33 billion current LCU | 565.22 billion current LCU | 2 |
Countries ranked near South Africa
- 1 Zambia 7.57 trillion current LCU compare
- 2 Sierra Leone 599.69 billion current LCU compare
- 4 Kenya 262.69 billion current LCU compare
- 5 Tanzania, United Republic of 233.93 billion current LCU compare
- 6 Senegal 165.55 billion current LCU compare
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)
- Exports of goods and services (current LCU), annual growth rate 2.69 % change on previous year (2025)
- Exports of goods and services (current LCU), per unit of GDP 5.62 current LCU per US$ of GDP (2025)
- Exports of goods and services (current LCU), per capita 37,072 current LCU per person (2025)
- Exports of goods and services (constant 2015 US$), annual growth rate -2.45 % change on previous year (2025)
- Exports of goods and services (constant 2015 US$), per unit of GDP 0.232 constant 2015 US$ per US$ of GDP (2025)
- Exports of goods and services (constant 2015 US$), per capita 1,531 constant 2015 US$ per person (2025)
- Gross fixed capital formation (current US$), annual growth rate 1.78 % change on previous year (2025)
- Gross fixed capital formation (current US$), per unit of GDP 0.1388 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 565.22 billion current 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 565.22 billion current LCU in 2011.
- What is the lowest financial and insurance activities (banking), value added recorded in South Africa?
- The lowest recorded value was 850.00 million current LCU in 1965.
- How does South Africa rank for financial and insurance activities (banking), value added?
- South Africa ranks 3rd out of 36 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 218.4%. 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 (current 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 current local currency.