South Africa: Household credit

* indicates monthly or quarterly data series
The most recent value is 2189.06 billion South African Rand as of December 2024, an increase compared to the previous value of 2188.33 billion South African Rand. Historically, the average for South Africa from January 1994 to December 2024 is 989.08 billion South African Rand. The minimum of 140.13 billion South African Rand was recorded in January 1994, while the maximum of 2189.06 billion South African Rand was reached in December 2024. Click on the following link to see the values of: Household credit around the world.
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* indicates monthly or quarterly data series

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  • Measure: billion South African Rand
  • Source: South African Reserve Bank

Recent values South Africa: Household credit, billion currency units
2024  Dec 2189.06
2024  Nov 2188.33
2024  Oct 2181.48
2024  Sep 2175.98
2024  Aug 2169.22
2024  Jul 2162.75
2024  Jun 2159.2
2024  May 2150.81


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Definition: Household credit includes credit extended by commercial banks and other deposit-taking institutions (excluding central banks) to households. Included are all credit institutions: domestic and foreign owned as well as private and public ones.

 Related indicators Latest Reference Measure
 Inflation 6.1 2023 percent
 Exchange rate regimes 7 2022 index points
 USD exchange rate 18.7227 1/2025 Local Currency Units per USD
 Money supply (broad money) 4,473.22 12/2024 billion
 Consumer Price Index (CPI) 116.1000 12/2024 index points
 Inflation, monthly 0.09 12/2024 percent
 Inflation, annual 3.02 12/2024 percent
 Private sector credit 4,456.15 12/2024 billion
 Business credit 2,267.09 12/2024 billion
 Household credit 2,189.06 12/2024 billion
 Deposit interest rate 8.97 9/2024 percent
 Mortgage credit interest rate 11.25 11/2024 percent
 Policy rate 7.75 12/2024 percent
 Household debt to GDP 34.30 6/2024 percent
 Debt service ratios for private non-financial sector 8.20 Q2/2024 percent
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