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.

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.

South Africa ZA: Deposit Interest Rate data was reported at 7.245 % pa in 2017. This records an increase from the previous number of 7.172 % pa for 2016. South Africa ZA: Deposit Interest Rate data is updated yearly, averaging 6.309 % pa from Dec 2008 (Median) to 2017, with 10 observations. The data reached an all-time high of 11.613 % pa in 2008 and a record low of 5.152 % pa in 2013. South Africa ZA: Deposit Interest Rate 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.WDI: Interest Rates. Deposit interest rate is the rate paid by commercial or similar banks for demand, time, or savings deposits. The terms and conditions attached to these rates differ by country, however, limiting their comparability.; ; International Monetary Fund, International Financial Statistics and data files.; ;

Gross savings (% of GDP) in South Africa was reported at 13.32 % in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. South Africa - Gross savings (% of GDP) - actual values, historical data, forecasts and projections were sourced from the World Bank on September of 2025.

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

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.

Deposit Interest Rate in South Africa decreased to 7.85 percent in February from 7.88 percent in January of 2025. This dataset includes a chart with historical data for Deposit Interest Rate in South Africa.

Key information about South Africa Short Term Interest Rate

• South Africa Short Term Interest Rate: Month End: Treasury Bills Rate: 91 Days was reported at 7.41 % pa in Feb 2025, compared with 7.70 % pa in the previous month.
• South Africa Short Term Interest Rate data is updated monthly, available from Dec 1980 to Feb 2025.
• The data reached an all-time high of 22.15 % pa in Feb 1985 and a record low of 3.45 % pa in Aug 2020.
• Short Term Interest Rate is reported by reported by South African Reserve Bank.

Related information about South Africa Short Term Interest Rate

• In the latest reports, South Africa Government Bond Yield: Month End: 10 Years and Over was reported at 10.52 % pa in Feb 2025.
• The cash rate (Policy Rate: Month End: Repo Rate) was set at 7.50 % pa in Feb 2025.
• South Africa Exchange Rate against USD averaged 18.74 (USD/ZAR) in Jun 2023.

The benchmark interest rate in South Africa was last recorded at 7 percent. This dataset provides - South Africa Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Key information about South Africa Investment: % of GDP

• South Africa Investment accounted for 12.6 % of its Nominal GDP in Dec 2024, compared with a ratio of 15.2 % in the previous quarter.
• South Africa investment share of Nominal GDP data is updated quarterly, available from Mar 1960 to Dec 2024, with an average ratio of 19.4 %.
• The data reached an all-time high of 40.6 % in Sep 1981 and a record low of 10.1 % in Dec 2020.

CEIC calculates Investment as % of Nominal GDP from quarterly Nominal Gross Capital Formation and quarterly Nominal GDP. Gross Capital Formation is calculated as the sum of Gross Fixed Capital Formation and Changes in Inventories. Statistics South Africa provides Nominal Gross Capital Formation in local currency and Nominal GDP in local currency.


Related information about South Africa Investment: % of GDP

• In the latest reports, South Africa GDP expanded 0.2 % YoY in Mar 2023.
• South Africa Nominal GDP reached 95.9 USD bn 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.
• Its Gross Savings Rate was measured at 13.7 % in Sep 2024.

Key information about South Africa Real GDP Growth

• The Gross Domestic Product (GDP) in South Africa expanded 1.3 % YoY in Dec 2022, following a growth of 4.0 % in the previous quarter.
• Real GDP Growth YoY data in South Africa is updated quarterly, available from Mar 1961 to Dec 2022, with an average rate of 3.0 %.
• The data reached an all-time high of 19.4 % in Jun 2021 and a record low of -17.0 % in Jun 2020.

CEIC calculates Real GDP Growth from quarterly Real GDP. Statistics South Africa provides Real GDP in local currency, at 2015 prices. Real GDP Growth prior to Q1 1994 is calculated from Real GDP at 2010 prices.


Related information about South Africa Real GDP Growth

• In the latest reports, Nominal GDP of South Africa reached 98.8 USD bn in Sep 2022.
• Its GDP deflator (implicit price deflator) increased 4.7 % in Sep 2022.
• GDP Per Capita in South Africa reached 6,966.1 USD in Dec 2021.
• Its Gross Savings Rate was measured at 15.6 % in Sep 2022.
• For Nominal GDP contributions, Investment accounted for 14.8 % in Dec 2022.
• Public Consumption accounted for 19.9 % in Dec 2022.
• Private Consumption accounted for 66.6 % in Dec 2022.

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.

In 2023, the savings of households in Switzerland represented over ***** percent of their disposable income. In contrast, households in Poland and Luxembourg amounted to **** and *** percent of their disposable income, respectively. Poland and Portugal had negative figures, which means that the final consumption of the households of that country was higher than their net disposable income.

South Africa ZA: Interest Rate Spread data was reported at 3.130 % pa in 2017. This records a decrease from the previous number of 3.287 % pa for 2016. South Africa ZA: Interest Rate Spread data is updated yearly, averaging 3.319 % pa from Dec 2008 (Median) to 2017, with 10 observations. The data reached an all-time high of 3.513 % pa in 2008 and a record low of 3.130 % pa in 2017. South Africa ZA: Interest Rate Spread 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.WDI: Interest Rates. Interest rate spread is the interest rate charged by banks on loans to private sector customers minus the interest rate paid by commercial or similar banks for demand, time, or savings deposits. The terms and conditions attached to these rates differ by country, however, limiting their comparability.; ; International Monetary Fund, International Financial Statistics and data files.; Median;

Key information about South Africa Public Consumption: % of GDP

• South Africa Public Consumption accounted for 19.1 % of its Nominal GDP in Dec 2024, compared with a share of 19.3 % in the previous quarter.
• South Africa Public Consumption share of Nominal GDP ratio is updated quarterly, available from Mar 1960 to Dec 2024, with an average number of 16.7 %.
• The data reached an all-time high of 22.7 % in Jun 2020 and a record low of 8.6 % in Jun 1963.

CEIC calculates Government Consumption as % of Nominal GDP from quarterly Government Consumption Expenditure and quarterly Nominal GDP. Statistics South Africa provides Government Consumption Expenditure in local currency and Nominal GDP in local currency.


Related information about South Africa Public Consumption: % of GDP

• In the latest reports, South Africa GDP expanded 0.2 % YoY in Mar 2023.
• South Africa Nominal GDP reached 95.9 USD bn 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.
• Its Gross Savings Rate was measured at 13.7 % in Sep 2024.
• For Nominal GDP contributions, Investment accounted for 12.6 % in Dec 2024.
• Private Consumption accounted for 67.3 % in Dec 2024.

Key information about South Africa Private Consumption: % of GDP

• South Africa Private Consumption accounted for 67.3 % of its Nominal GDP in Dec 2024, compared with a ratio of 64.7 % in the previous quarter.
• South Africa Private Consumption contribution to Nominal GDP ratio is updated quarterly, available from Mar 1960 to Dec 2024, with an average share of 61.6 %.
• The data reached an all-time high of 69.0 % in Dec 1996 and a record low of 47.6 % in Jun 1980.

CEIC calculates Private Consumption as % of Nominal GDP from quarterly Private Consumption Expenditure and quarterly Nominal GDP. Statistics South Africa provides Private Consumption Expenditure in local currency and Nominal GDP in local currency.


Related information about South Africa Private Consumption: % of GDP

• In the latest reports, South Africa GDP expanded 0.2 % YoY in Mar 2023.
• Its Nominal GDP reached 95.9 USD bn in Mar 2023.
• South Africa GDP Per Capita reached 6,667.3 USD in Dec 2022.
• Its Gross Savings Rate was measured at 13.7 % in Sep 2024.

As of 2023, the cheapest plan available from Bonitas Medical Scheme is the edge plan, with a price range from ***** to ***** South African rand (approximately ** to ** U.S. dollars) per month. The savings plan had the most expensive option, with monthly contributions of ***** South African rand (around *** U.S. dollars). However, there are cheaper options starting at ***** South African rand (almost *** U.S. dollars). Bonitas has various plans, with a selection of choices to choose from at different prices depending on the needs and economic standing of their clients.

Key information about South Africa GDP Per Capita

• South Africa Gross Domestic Product (GDP) per Capita reached 6,667.325 USD in Dec 2022, compared with 6,984.435 USD in Dec 2021.
• South Africa GDP Per Capita data is updated yearly, available from Dec 1957 to Dec 2022, with an average number of 3,145.677 USD.
• The data reached an all-time high of 8,809.909 USD in Dec 2011 and a record low of 476.000 in Dec 1957.
• CEIC converts annual GDP per Capita into USD. South African Reserve Bank provides GDP per Capita in local currency. Federal Reserve Board average market exchange rate is used for currency conversions.

Related information about South Africa GDP Per Capita data

• In the latest reports, South Africa GDP expanded 0.176 % YoY in Mar 2023.
• South Africa Nominal GDP reached 95.914 USD bn in Mar 2023.
• Its GDP deflator (implicit price deflator) increased 5.589 % in Mar 2023.
• Gross Savings Rate of South Africa was measured at 14.500 % in Mar 2023.

Explore the Economic Outlook No. 95 Long-Term Baseline Projections dataset for key indicators such as current account balance, GDP, national currency exchange rates, and more. Find insights for countries including Australia, Austria, Brazil, Canada, China, and more.

Current account balance, Purchasing power parity, Output gap, Long-term interest rate, Gross national savings, GDP deflator, Productive capital stocks, Gross capital formation, Government net lending, NAIRU, Exchange rate, Population, Gross financial liabilities, Gross private savings, Potential employment, Forecast

Australia, Austria, Belgium, Brazil, Canada, Chile, China, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, India, Indonesia, Ireland, Israel, Italy, Japan, Luxembourg, Mexico, Netherlands, New Zealand, Norway, Poland, Portugal, Russia, Slovenia, South Africa, Spain, Sweden, Switzerland, Turkey, United Kingdom

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Market Analysis The global Cost Savings Calculator market is projected to reach a valuation of XXX million by 2033, with a CAGR of XX% during the forecast period (2025-2033). The rising demand for cost-optimization solutions in various industries, including commercial, government, and public sectors, is driving market growth. Additionally, the increasing awareness of energy efficiency and the need to reduce operational costs are contributing factors. Market Segments and Key Players The market is segmented by application (commercial, government and public sector, others), type (energy savings calculator, operational savings calculator, others), and region (North America, Europe, Asia Pacific, Middle East & Africa, South America). Major players in the industry include Bossard, Leanmap, Panasonic, COATINO, Tteam GmbH, Birdie, TimeXtender, StretchSense, TestFirst, Webnames Corporate, Integrative Systems, Mews, Crossfire, and Simera.