Household Saving Rate in South Africa decreased to -1.20 percent in the first quarter of 2025 from -1.10 percent in the fourth quarter of 2024. This dataset provides the latest reported value for - South Africa Households Savings - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Key information about South Africa Gross Savings Rate

• South Africa Gross Savings Rate was measured at 13.7% in Sep 2024, compared with 13.7% in the previous quarter.
• South Africa Gross Savings Rate is updated quarterly, with data available from Mar 1960 to Sep 2024, and an average rate of 13.7%.
• The data reached an all-time high of 13.7% in Mar 1980 and a record low of 12.6% in Sep 2019.
• In the latest reports, South Africa GDP expanded 0.2% YoY in Mar 2023.
• South Africa Nominal GDP reached 95,914.4 USD mn in Mar 2023. Its GDP deflator (implicit price deflator) increased 5.6% in Mar 2023.
• South Africa GDP Per Capita reached 6,667.3 USD in Dec 2022.

Graph and download economic data for Nominal Gross National Saving for South Africa (ZAFNGSGDPPT) from 2000 to 2026 about savings, South Africa, REO, and gross.

Gross savings (% of GNI) in South Africa was reported at 13.59 % in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. South Africa - Gross savings (% of GNI) - actual values, historical data, forecasts and projections were sourced from the World Bank on September of 2025.

South Africa Financial Liabilities: Flow: Households: Net Saving data was reported at 7,122.000 ZAR mn in 2017. This records an increase from the previous number of -11,350.000 ZAR mn for 2016. South Africa Financial Liabilities: Flow: Households: Net Saving data is updated yearly, averaging 7,802.500 ZAR mn from Dec 1992 (Median) to 2017, with 26 observations. The data reached an all-time high of 16,560.000 ZAR mn in 1997 and a record low of -54,105.000 ZAR mn in 2014. South Africa Financial Liabilities: Flow: Households: Net Saving data remains active status in CEIC and is reported by South African Reserve Bank. The data is categorized under Global Database’s South Africa – Table ZA.AB014: Funds by Sector: Flow: Households: Annual.

South Africa General Government Net Saving data was reported at -17,045.000 ZAR mn in Jun 2018. This records a decrease from the previous number of -2,598.000 ZAR mn for Mar 2018. South Africa General Government Net Saving data is updated quarterly, averaging 37.500 ZAR mn from Mar 1960 (Median) to Jun 2018, with 234 observations. The data reached an all-time high of 35,393.000 ZAR mn in Mar 2009 and a record low of -55,326.000 ZAR mn in Sep 2017. South Africa General Government Net Saving data remains active status in CEIC and is reported by South African Reserve Bank. The data is categorized under Global Database’s South Africa – Table ZA.A038: SNA 2008: General Government Current Income and Saving.

South Africa: Savings as percent of GDP: The latest value from 2024 is 13.32 percent, a decline from 14.33 percent in 2023. In comparison, the world average is 22.88 percent, based on data from 84 countries. Historically, the average for South Africa from 1960 to 2024 is 20.53 percent. The minimum value, 13.22 percent, was reached in 2019 while the maximum of 32.26 percent was recorded in 1974.

Adjusted savings: net national savings (current US$) in South Africa was reported at 14437137581 USD in 2021, according to the World Bank collection of development indicators, compiled from officially recognized sources. South Africa - Adjusted savings: net national savings - actual values, historical data, forecasts and projections were sourced from the World Bank on September of 2025.

Saved using a savings club in the past year (% age 15+) in South Africa was reported at 26.36 % in 2021, according to the World Bank collection of development indicators, compiled from officially recognized sources. South Africa - Saved using a savings club in the past year (% age 15+) - actual values, historical data, forecasts and projections were sourced from the World Bank on September of 2025.

South Africa Financial Liabilities: Flow: PC: Net Saving data was reported at 94.000 ZAR mn in 2017. This records an increase from the previous number of 0.000 ZAR mn for 2016. South Africa Financial Liabilities: Flow: PC: Net Saving data is updated yearly, averaging 0.000 ZAR mn from Dec 1992 (Median) to 2017, with 26 observations. The data reached an all-time high of 94.000 ZAR mn in 2017 and a record low of 0.000 ZAR mn in 2016. South Africa Financial Liabilities: Flow: PC: Net Saving data remains active status in CEIC and is reported by South African Reserve Bank. The data is categorized under Global Database’s South Africa – Table ZA.AB010: Funds by Sector: Flow: Public Investment Corporation: Annual.

Graph and download economic data for People 15 Years and Over Saving at a Financial Institution in the Past Year for South Africa (DDAI06ZAA156NWDB) from 2011 to 2021 about adult, finance companies, savings, South Africa, companies, finance, and financial.

South Africa ZA: Savings Rate data was reported at 4.349 % pa in 2017. This records an increase from the previous number of 3.727 % pa for 2016. South Africa ZA: Savings Rate data is updated yearly, averaging 3.319 % pa from Dec 2001 (Median) to 2017, with 17 observations. The data reached an all-time high of 6.463 % pa in 2008 and a record low of 2.582 % pa in 2012. South Africa ZA: Savings Rate data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s South Africa – Table ZA.IMF.IFS: Lending, Saving and Deposit Rates: Annual.

The average for 2023 based on 19 countries was 25.21 percent. The highest value was in China: 42.49 percent and the lowest value was in South Africa: 14.33 percent. The indicator is available from 1960 to 2024. Below is a chart for all countries where data are available.

View yearly updates and historical trends for South Africa Deposit Interest Rate. Source: World Bank. Track economic data with YCharts analytics.

South Africa ZA: Adjusted Savings: Gross Savings: % of GNI data was reported at 16.583 % in 2016. This records a decrease from the previous number of 16.722 % for 2015. South Africa ZA: Adjusted Savings: Gross Savings: % of GNI data is updated yearly, averaging 18.408 % from Dec 1970 (Median) to 2016, with 47 observations. The data reached an all-time high of 36.795 % in 1980 and a record low of 15.254 % in 2012. South Africa ZA: Adjusted Savings: Gross Savings: % of GNI data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s South Africa – Table ZA.World Bank: Gross Domestic Product: Nominal. Gross savings are the difference between gross national income and public and private consumption, plus net current transfers.; ; World Bank national accounts data files.; Weighted Average;

The average for 2022 based on 33 countries was 8.77 billion U.S. dollars. The highest value was in South Africa: 61.42 billion U.S. dollars and the lowest value was in the Seychelles: 0.04 billion U.S. dollars. The indicator is available from 1960 to 2023. Below is a chart for all countries where data are available.

Gross savings (current US$) in South Africa was reported at 53305486937 USD in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. South Africa - Gross savings - actual values, historical data, forecasts and projections were sourced from the World Bank on September of 2025.

Adjusted savings: net national savings (% of GNI) in South Africa was reported at 3.5128 % in 2021, according to the World Bank collection of development indicators, compiled from officially recognized sources. South Africa - Adjusted savings: net national savings (% of GNI) - actual values, historical data, forecasts and projections were sourced from the World Bank on September of 2025.

Gross domestic savings (current US$) in South Africa was reported at 63725622989 USD in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. South Africa - Gross domestic savings - actual values, historical data, forecasts and projections were sourced from the World Bank on September of 2025.

As of 2021, open medical schemes had the highest out-of-pocket outlays from medical savings accounts (MSAs), with payments amounting to around ** billion South African rand (*** million U.S. dollars). Restricted medical schemes, however, paid out significantly less from their medical savings account, with about *** billion South African rand (*** million U.S. dollars) in layouts. This is due to restricted schemes being more comprehensive.