South Africa Government Spending to GDP

General government expenditure as a percentage of GDP.

Government Spending to GDP in South Africa increased to 32.98 percent of GDP in 2024 from 32.46 percent of GDP in 2023.

33.0%
▲ +0.5 pp2024 · previous 32.5%Annual · percent of GDP · Source: IMF — Public Finances in Modern History

South Africa Government Spending to GDP — History

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South Africa Government Spending to GDP — analysis in simple words

Latest reading

Government Spending to GDP in South Africa increased to 32.98 percent of GDP in 2024 from 32.46 percent of GDP in 2023.

Over the last three years it rose twice and fell once.

Recent trend

A year earlier (2023) it was 32.5%, so the latest figure is 0.5 percentage points higher.

Over the past five years the average was 32.9%, with a range from 31.9% to 34.6%. The latest value is above that five-year average.

Historical context

This data series starts in 1913 and has 112 annual observations. The latest reading is higher than 98% of all of them.

The highest value on record is 34.6% (2020) and the lowest is 11.3% (1964). The long-run average is 23.1%.

Compared with other countries

Among 151 economies with recent data, South Africa ranks 66th from the top. The median across all these economies is 30.3%, so South Africa is above the typical country.

Among 18 major economies tracked on this site it ranks 11th.

Within Sub-Saharan Africa (33 economies with data) it ranks 6th; the regional median is 20.6%.

Statistics

Latest
33.0%2024
Previous
32.5%
5-year average
32.9%
Long-run average
23.1%since 1913
All-time high
34.6%2020
All-time low
11.3%1964
Observations
112Annual

Recent Data

PeriodValueChange
202433.0%▲ +0.5 pp
202332.5%▲ +0.6 pp
202231.9%▼ −0.8 pp
202132.7%▼ −2.0 pp
202034.6%▲ +3.2 pp
201931.4%▲ +1.2 pp
201830.2%▲ +0.3 pp
201729.9%▼ −0.0 pp
201629.9%▼ −0.3 pp
201530.2%▲ +0.8 pp
201429.3%▲ +0.4 pp
201328.9%▲ +0.3 pp
201228.6%▲ +0.5 pp
201128.1%▼ −0.3 pp
201028.3%▼ −0.1 pp
200928.5%▲ +2.4 pp
200826.0%▲ +1.6 pp
200724.4%▼ −0.2 pp
200624.7%▼ −0.5 pp
200525.1%▲ +2.4 pp
200422.7%▲ +0.1 pp
200322.6%▲ +0.4 pp
200222.2%▼ −0.4 pp
200122.6%▼ −0.0 pp
200022.6%▼ −4.0 pp
199926.7%▼ −0.4 pp
199827.1%▼ −0.8 pp
199727.9%▼ −0.6 pp
199628.5%▲ +1.3 pp
199527.2%

Government Spending to GDP — South Africa vs Peers

Latest available reading for each economy (periods may differ). South Africa highlighted.

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More South Africa indicators

Understanding Government Spending to GDP — a simple guide

What it measures

General government expenditure as a percentage of GDP.

How it is calculated

Total government expenditure ÷ GDP × 100.

Simple example

28% means government spending equals 28% of GDP.

▲ When it is high or rising

A large public sector role in the economy.

▼ When it is low or falling

A smaller public sector role.

Why it matters for the economy and markets

The ratio shows the size of the public sector in the economy.

How to read it

Read with revenue: the gap between the two is the fiscal balance.

Data source

IMF — Public Finances in Modern History (series exp), annual data from 1913 to 2024. Values are shown exactly as published by the source and may be revised later.

How to use the chart

Use the 5Y / 10Y / 25Y / Max buttons to change the time range, or drag the slider under the chart. Hover (or tap) on the line to see the exact value for any period. Dashed lines and hatched bars are IMF projections, not actual data. The “Download CSV” button gives you the full data series.

Frequently asked questions

What is the current government spending to gdp of South Africa?
South Africa government spending to gdp was 33.0% in 2024, compared with 32.5% in the previous period, according to IMF — Public Finances in Modern History.
What is the highest and lowest government spending to gdp of South Africa?
Since 1913, the highest reading was 34.6% (2020) and the lowest was 11.3% (1964).
What does government spending to gdp measure?
General government expenditure as a percentage of GDP.

Data are sourced from official international organisations (IMF, World Bank, BIS) and national authorities, and are shown for educational and informational purposes only. They are not investment advice and no recommendation is made. Figures may be revised by the source; IMF figures for the current and future years are projections. This page was last updated on Saturday, October 17, 2026.