Financial and insurance activities (banking), value added in South Africa
South Africa: Financial and insurance activities (banking), value added was 77.84 billion current US$ in 2011. ◆ Volatile
Latest (2011)
77.84 billion current US$
Change on year
up 11.5%
World rank
1st
of 37 countries
All-time high
77.84 billion current US$
in 2011
All-time low
1.19 billion current US$
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 US$.
Analysis
South Africa recorded 77.84 billion current US$ for financial and insurance activities (banking), value added in 2011. That is the highest value across all 47 years on record.
That represents a change of up 11.5% on the previous year and up 277.5% over ten years.
Over the whole period, financial and insurance activities (banking), value added in South Africa peaked at 77.84 billion current US$ in 2011 and was at its lowest, 1.19 billion current US$, in 1965.
That places South Africa 1st out of 37 countries with data for 2011, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Financial and insurance activities (banking), value added in South Africa, year by year
| Year | current US$ | Change |
|---|---|---|
| 1965 | 1.19 billion current US$ | — |
| 1966 | 1.34 billion current US$ | +12.6% |
| 1967 | 1.58 billion current US$ | +18.0% |
| 1968 | 1.81 billion current US$ | +14.5% |
| 1969 | 2.10 billion current US$ | +15.8% |
| 1970 | 2.40 billion current US$ | +14.6% |
| 1971 | 2.72 billion current US$ | +13.2% |
| 1972 | 2.86 billion current US$ | +5.2% |
| 1973 | 3.71 billion current US$ | +29.6% |
| 1974 | 4.52 billion current US$ | +21.9% |
| 1975 | 4.37 billion current US$ | -3.2% |
| 1976 | 4.26 billion current US$ | -2.7% |
| 1977 | 4.64 billion current US$ | +8.9% |
| 1978 | 5.20 billion current US$ | +12.1% |
| 1979 | 6.34 billion current US$ | +22.0% |
| 1980 | 8.23 billion current US$ | +29.8% |
| 1981 | 9.13 billion current US$ | +11.0% |
| 1982 | 8.93 billion current US$ | -2.2% |
| 1983 | 10.16 billion current US$ | +13.7% |
| 1984 | 10.31 billion current US$ | +1.5% |
| 1985 | 8.33 billion current US$ | -19.2% |
| 1986 | 9.21 billion current US$ | +10.6% |
| 1987 | 12.32 billion current US$ | +33.8% |
| 1988 | 13.71 billion current US$ | +11.3% |
| 1989 | 15.02 billion current US$ | +9.6% |
| 1990 | 13.93 billion current US$ | -7.3% |
| 1991 | 16.28 billion current US$ | +16.9% |
| 1992 | 18.68 billion current US$ | +14.7% |
| 1993 | 19.24 billion current US$ | +3.0% |
| 1994 | 19.85 billion current US$ | +3.2% |
| 1995 | 22.65 billion current US$ | +14.1% |
| 1996 | 21.89 billion current US$ | -3.4% |
| 1997 | 23.98 billion current US$ | +9.5% |
| 1998 | 22.11 billion current US$ | -7.8% |
| 1999 | 23.03 billion current US$ | +4.1% |
| 2000 | 22.52 billion current US$ | -2.2% |
| 2001 | 20.62 billion current US$ | -8.4% |
| 2002 | 19.71 billion current US$ | -4.4% |
| 2003 | 30.56 billion current US$ | +55.1% |
| 2004 | 40.45 billion current US$ | +32.4% |
| 2005 | 46.47 billion current US$ | +14.9% |
| 2006 | 50.11 billion current US$ | +7.8% |
| 2007 | 57.56 billion current US$ | +14.9% |
| 2008 | 54.42 billion current US$ | -5.5% |
| 2009 | 55.90 billion current US$ | +2.7% |
| 2010 | 69.84 billion current US$ | +24.9% |
| 2011 | 77.84 billion current US$ | +11.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 1.60 billion current US$ | 1.19 billion current US$ | 2.10 billion current US$ | 5 |
| 1970s | 4.10 billion current US$ | 2.40 billion current US$ | 6.34 billion current US$ | 10 |
| 1980s | 10.54 billion current US$ | 8.23 billion current US$ | 15.02 billion current US$ | 10 |
| 1990s | 20.16 billion current US$ | 13.93 billion current US$ | 23.98 billion current US$ | 10 |
| 2000s | 39.83 billion current US$ | 19.71 billion current US$ | 57.56 billion current US$ | 10 |
| 2010s | 73.84 billion current US$ | 69.84 billion current US$ | 77.84 billion current US$ | 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)
- Gross capital formation (constant 2015 US$), annual growth rate 0.7139 % change on previous year (2025)
- Gross capital formation (constant 2015 US$), per unit of GDP 0.1196 constant 2015 US$ per US$ of GDP (2025)
- Gross capital formation (constant 2015 US$), per capita 789.38 constant 2015 US$ per person (2025)
- Imports of goods and services (current US$), annual growth rate 5.23 % change on previous year (2025)
- Imports of goods and services (current US$), per unit of GDP 0.295 current US$ per US$ of GDP (2025)
- Imports of goods and services (current US$), per capita 1,946 current US$ per person (2025)
- Imports of goods and services (current LCU), annual growth rate 2.7 % change on previous year (2025)
- Imports of goods and services (current LCU), per unit of GDP 5.28 current LCU 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 77.84 billion current US$ 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 77.84 billion current US$ in 2011.
- What is the lowest financial and insurance activities (banking), value added recorded in South Africa?
- The lowest recorded value was 1.19 billion current US$ in 1965.
- How does South Africa rank for financial and insurance activities (banking), value added?
- South Africa ranks 1st out of 37 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 277.5%. 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 US$). Statizoid updates them automatically from the source API.
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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 U.S. dollars.