South Africa: Debt service ratios for private non-financial sector
* indicates monthly or quarterly data series
The most recent value is 8.2 percent as of Q1 2024, an increase compared to the previous value of 7.9 percent. Historically, the average for South Africa from Q1 2000 to Q1 2024 is 8.69 percent. The minimum of 6.8 percent was recorded in Q4 2021, while the maximum of 11.3 percent was reached in Q4 2008.
Click on the following link to see the values of: Debt service ratios for private non-financial sector around the world.
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* indicates monthly or quarterly data series
- Measure: percent
- Source: Bank for International Settlements (BIS)
| Recent values | South Africa: Debt service ratios for private non-financial sector |
|---|---|
| 2024 Q1 | 8.2 |
| 2023 Q4 | 7.9 |
| 2023 Q3 | 7.8 |
| 2023 Q2 | 7.5 |
| 2023 Q1 | 7.4 |
| 2022 Q4 | 7.2 |
| 2022 Q3 | 7 |
| 2022 Q2 | 6.8 |
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Definition: Debt service ratio - comprising interest payments and debt amortizations as a proportion of the income of the private non-financial sector. The DSR is a measure of the financial constraints imposed by indebtedness.
| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Inflation | 6.1 | 2023 | percent |
| Exchange rate regimes | 7 | 2021 | index points |
| USD exchange rate | 17.5903 | 9/2024 | Local Currency Units per USD |
| Money supply (broad money) | 4,186.71 | 6/2024 | billion |
| Consumer Price Index (CPI) | 116.0000 | 8/2024 | index points |
| Inflation, monthly | 0.09 | 8/2024 | percent |
| Inflation, annual | 4.41 | 8/2024 | percent |
| Private sector credit | 4,377.13 | 6/2024 | billion |
| Business credit | 2,223.08 | 6/2024 | billion |
| Household credit | 2,154.05 | 6/2024 | billion |
| Deposit interest rate | 8.90 | 3/2024 | percent |
| Mortgage credit interest rate | 11.75 | 5/2024 | percent |
| Policy rate | 8.00 | 9/2024 | percent |
| Household debt to GDP | 34.60 | 3/2024 | percent |
| Debt service ratios for private non-financial sector | 8.20 | Q1/2024 | percent |