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The African Exponent DATA

Country

🇿🇦 South Africa

ZA · ZAR South African rand · Compare South Africa →

Policy rate 7.00% Policy rate (repo) · 29 May 2026
Headline inflation 4.30% Jul 2026
FX premium +11.64% week +5.69%
Latest T-bill 6.84% 91-day · 17 Aug 2026

Tier 1 · Markets

The Market Now

Series Per US$1 As of Source
Official reference 16.29 25 Sep 2026, 00:00 UTC ECB reference rates (via Frankfurter API)
Marketparallel 18.19 27 Sep 2026, 00:20 UTC Bybit P2P
Premium +11.64% week +5.69% market vs official

Official rate, 10-year annual average (World Bank)

10141820142017202020232025

Premium history · since Aug 2026 · our collectors

-14%0%14%Aug 2026Sep 2026

Download CSV — FX history · Download CSV — official rate, annual

Tier 2 · Policy & Prices

Policy & Prices

Policy rate

Instrument Rate Effective Source
South African Reserve Bank Policy rate (repo) 7.00% 29 May 2026 South African Reserve Bank

As of 12 Sep 2026, 01:12 UTC

Inflation

Series YoY Period Source
Headline 4.30% Jul 2026 Source

As of 12 Sep 2026, 19:49 UTC

Download CSV — headline

Yield curve

yield SARB

91-day 6.84% 17 Aug 2026
182-day 7.15% 17 Aug 2026
364-day 7.20% 17 Aug 2026

Steep — 364-day above 91-day.

Download CSV — auction history

Sovereign credit ratings

Fitch BB Stable Upgraded 5 Jun 2026 As of 5 Jun 2026 Source
Moody's Ba2 Positive Outlook raised 22 May 2026 As of 22 May 2026 Source
S&P BB Positive Upgraded 14 Nov 2025 As of 14 Nov 2025 Source

Stock market

JSE All Share

110,826 · 25 Sep 2026

45,00087,500130,0002016202020222026

↑ 113.2% since 2016

Yahoo Finance

Tier 3 · Structure

Structure & trajectory

Annual indicators, latest available year on each card · Sources: World Bank / UN / IMF WEO Oct 2025 / V-Dem / EIA

19 of 29 indicators improving improving

Rule: for each metric with at least two observations, direction is the sign of (latest − earliest). Child mortality, $3/day poverty, national poverty, debt service, debt-to-GDP, and the Gini index are inverted (a decline is improvement). Overall: improving if ≥60% of those metrics improved, mixed if 40–60%, worsening if <40%.

Population

64.7M · 2025

56M60.5M65M201520172019202120232025

↑ 9.2M since 2014

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GDP per capita (PPP)

$15,906 · 2025

$12,000$14,000$16,000201520172019202120232025

↑ $2,547 since 2014

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GDP per capita growth

-0% · 2025

-8%0%4%201520172019202120232025

↑ 0.2 pts since 2014

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Life expectancy

66.3 years · 2024

626466201420162018202020222024

↑ 3.1 years since 2014

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Child mortality

35.1 per 1,000 · 2024

3336.540201420162018202020222024

↓ 4.6 since 2014

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Internet users

78.4% · 2024

49%63.5%78%201420162018202020222024

↑ 29.4 pts since 2014

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Manufacturing share of GDP

12.3% · 2025

11%12%13%201520172019202120232025

↓ 0.2 pts since 2014

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Electricity access

90.2% · 2024

83%86.5%90%201420162018202020222024

↑ 4.3 pts since 2014

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Poverty ($3/day)

17.4% · 2022

17%22.5%28%20142016201820202022

↓ 10.5 pts since 2014

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National poverty line

37.9% · 2022

37%42%47%20142016201820202022

↓ 8.8 pts since 2014

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Adult literacy

91.2% · 2024

90%92.5%95%201420162018202020222024

↓ 3 pts since 2014

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Debt service / exports

16.3% · 2024

8.5%17.8%27%201420162018202020222024

↑ 7.7 pts since 2014

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Exports of goods and services

$134.5B · 2025

$91B$115.5B$140B201520172019202120232025

↑ $24B since 2014

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GDP growth

1.1% · 2025

-7%0%5%201520172019202120232025

↓ 0.3 pts since 2014

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GDP

$427.2B · 2025

$320B$375B$430B201520172019202120232025

↑ $46B since 2014

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Unemployment

32.4% · 2025

25%29.5%34%201520172019202120232025

↑ 7.5 pts since 2014

ILO modeled estimate — national definitions differ

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FDI inflows

$-2.2B · 2025

$-2.2B$0$40.7B201520172019202120232025

↓ $8B since 2014

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Remittances

$1B · 2025

$750M$875M$1B201520172019202120232025

↑ $91.3M since 2014

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External debt

$175.9B · 2024

$120B$155B$190B201420162018202020222024

↑ $26.6B since 2014

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Agriculture share of GDP

2.8% · 2025

1.9%2.4%2.8%201520172019202120232025

↑ 0.7 pts since 2014

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Services share of GDP

63.1% · 2025

62%63.5%65%201520172019202120232025

↓ 0.9 pts since 2014

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Investment rate

13.9% · 2025

13%15.5%18%201520172019202120232025

↓ 4.4 pts since 2014

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Terms of trade

117.10 · 2024

97.00113.50130.00201420162018202020222024

↑ 19.60 since 2014

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FX reserves

$76B · 2025

$45B$60.5B$76B201520172019202120232025

↑ $26.9B since 2014

includes gold

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Lending rate

10.7% · 2025

7%9.5%12%201520172019202120232025

↑ 1.6 pts since 2014

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Deposit rate

7.4% · 2025

3.8%5.8%7.9%201520172019202120232025

↑ 1.6 pts since 2014

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Gini index

54.10 · 2022

54.0057.0060.0020142016201820202022

↓ 5.50 since 2014

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Health expenditure

8.9% · 2023

7.8%8.4%9%2014201820202023

↑ 1 pts since 2014

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Physicians

0.8 per 1,000 · 2022

0.740.7650.7920142016201820202022

↑ 0.1 since 2014

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Tertiary enrollment

23.5% · 2023

18%21%24%2014201820202023

↑ 5 pts since 2014

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Tourist arrivals

3.9M · 2020

3.8M9.4M15M2014201620182020

↓ 10.6M since 2014

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Account ownership

81.1% · 2024

69%77%85%201420162018202020222024

↑ 10.8 pts since 2014

Findex · every 3–4 years

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Exports per capita derived

$2,077 · 2025

$1,500$1,850$2,200201520172019202120232025

↑ $90.52 since 2014

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Median age

28.2 years · 2023

2526.5282014201820202023

↑ 3.2 years since 2014

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Government revenue / GDP

28.5% · 2026

24%26%28%201620182020202220242026

↑ 3.1 pts since 2014

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Debt to GDP

78.9% · 2026

43%61%79%20142017202020232026

↑ 35.7 pts since 2014

Source: IMF WEO · latest 1–2 years are IMF estimates

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Gross debt (national currency)

R6.3T · 2026

R1.7TR4.0TR6.3T20142017202020232026

↑ R4.5T since 2014

Source: IMF WEO · latest 1–2 years are IMF estimates

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Current account / GDP

-0.9% · 2026

-5%0%4%20142017202020232026

↑ 3.9 pts since 2014

Source: IMF WEO · latest 1–2 years are IMF estimates

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Budget balance / GDP

-4.9% · 2026

-9.7%-6.7%-3.7%20142017202020232026

↓ 0.9 pts since 2014

Source: IMF WEO · latest 1–2 years are IMF estimates

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Electoral democracy

0.74 · 2025

0.710.730.76201520172019202120232025

↓ 0.02 since 2014

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Minimum wage

R30.23 / hour · 2026

National Minimum Wage Amendment 2026 — Government Gazette 54075

Gazette monthly equivalent R5,894.40 (45-hour week × 4.333). EPWP is R16.62/hour.

Download CSV

Trade profile

Exports

$134.5B · 2025

$91B$115.5B$140B201420202025

↑ $24B since 2014

Imports

$126.2B · 2025

$79B$104.5B$130B201420202025

↑ $10B since 2014

Balance derived

$8.2B · 2025

$-5.8B$0$26.4B20142017202020232025

↑ $14B since 2014

Top exports · 2025

Products

  1. Pearls, precious stones and metals $23.3B · 20.0%
  2. Ores, slag and ash $18.1B · 15.5%
  3. Vehicles other than railway $15.3B · 13.1%
  4. Mineral fuels $9.5B · 8.2%
  5. Edible fruit and nuts $6B · 5.2%
  6. Machinery and mechanical appliances $5.9B · 5.0%
  7. Iron and steel $3.5B · 3.0%
  8. Aluminium $2.4B · 2.1%
  9. Electrical machinery and equipment $2.4B · 2.0%
  10. Beverages, spirits, vinegar $1.6B · 1.4%

Partners

  1. China $12.8B · 11.0%
  2. M49 899 $9.3B · 8.0%
  3. Germany $8.8B · 7.6%
  4. United States $8.3B · 7.1%
  5. Japan $5.5B · 4.7%
  6. United Kingdom $5.4B · 4.6%
  7. Mozambique $5.2B · 4.5%
  8. India $4.7B · 4.0%
  9. Netherlands $4.3B · 3.7%
  10. Namibia $4.2B · 3.6%

Top imports · 2025

Products

  1. Mineral fuels $18.5B · 17.6%
  2. Machinery and mechanical appliances $14B · 13.3%
  3. Electrical machinery and equipment $10.4B · 9.9%
  4. Vehicles other than railway $8.8B · 8.4%
  5. Commodities not specified $8.5B · 8.1%
  6. Plastics $2.9B · 2.7%
  7. Optical, medical, precision instruments $2.5B · 2.4%
  8. Pharmaceutical products $2.5B · 2.4%
  9. Pearls, precious stones and metals $2B · 1.9%
  10. Miscellaneous chemical products $2B · 1.9%

Partners

  1. China $23.6B · 22.5%
  2. India $7.6B · 7.3%
  3. Germany $7.2B · 6.9%
  4. United States $7.2B · 6.9%
  5. Oman $3.5B · 3.3%
  6. Thailand $3.4B · 3.3%
  7. Saudi Arabia $3.1B · 3.0%
  8. United Arab Emirates $2.6B · 2.5%
  9. Japan $2.4B · 2.3%
  10. Italy $2.4B · 2.3%

2025 filings are still arriving — this page updates as each country reports

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