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.

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

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.

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 July of 2025.

South Africa: Savings, billion USD: The latest value from 2023 is 54.56 billion U.S. dollars, a decline from 61.42 billion U.S. dollars in 2022. In comparison, the world average is 216.52 billion U.S. dollars, based on data from 123 countries. Historically, the average for South Africa from 1960 to 2023 is 28 billion U.S. dollars. The minimum value, 2.43 billion U.S. dollars, was reached in 1960 while the maximum of 73.78 billion U.S. dollars was recorded in 2011.

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;

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 July of 2025.

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 July of 2025.

South Africa ZA: Other Depository Corporations: Time, Savings, and Foreign Currency Deposits data was reported at 1,154,318.056 ZAR mn in 2008. This records an increase from the previous number of 964,286.821 ZAR mn for 2007. South Africa ZA: Other Depository Corporations: Time, Savings, and Foreign Currency Deposits data is updated yearly, averaging 53,258.800 ZAR mn from Dec 1965 (Median) to 2008, with 43 observations. The data reached an all-time high of 1,154,318.056 ZAR mn in 2008 and a record low of 3,360.000 ZAR mn in 1965. South Africa ZA: Other Depository Corporations: Time, Savings, and Foreign Currency Deposits 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: Financial System: Deposit Money Banks: Annual.

************************************************************* and ******************************** are the top two answers among South African consumers in our survey on the subject of "Most used financial products".The survey was conducted online among 2,022 respondents in South Africa, in 2025.

South Africa Banks: LE: Deposits: Savings data was reported at 245,291.000 ZAR mn in Jun 2018. This records an increase from the previous number of 242,432.000 ZAR mn for May 2018. South Africa Banks: LE: Deposits: Savings data is updated monthly, averaging 37,201.000 ZAR mn from Dec 1986 (Median) to Jun 2018, with 379 observations. The data reached an all-time high of 246,171.000 ZAR mn in Nov 2017 and a record low of 11,501.000 ZAR mn in Feb 1987. South Africa Banks: LE: Deposits: Savings 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.KB008: Balance Sheet: Banks.

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 August of 2025.

Gross savings (current LCU) in South Africa was reported at 977018015634 LCU in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. South Africa - Gross savings (current LCU) - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

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 July of 2025.

South Africa ZA: GDP: Gross Savings data was reported at 735,764.675 ZAR mn in 2017. This records an increase from the previous number of 711,532.461 ZAR mn for 2016. South Africa ZA: GDP: Gross Savings data is updated yearly, averaging 45,363.702 ZAR mn from Dec 1960 (Median) to 2017, with 58 observations. The data reached an all-time high of 735,764.675 ZAR mn in 2017 and a record low of 1,325.000 ZAR mn in 1960. South Africa ZA: GDP: Gross Savings 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 calculated as gross national income less total consumption, plus net transfers. Data are in current local currency.; ; World Bank national accounts data, and OECD National Accounts data files.; ;

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.

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 July of 2025.

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.

South Africa ZA: GDP: % of GNI: Gross Savings data was reported at 16.306 % in 2017. This records a decrease from the previous number of 16.822 % for 2016. South Africa ZA: GDP: % of GNI: Gross Savings data is updated yearly, averaging 20.362 % from Dec 1960 (Median) to 2017, with 58 observations. The data reached an all-time high of 33.710 % in 1980 and a record low of 15.032 % in 1998. South Africa ZA: GDP: % of GNI: Gross Savings 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: Share of GDP. Gross savings are calculated as gross national income less total consumption, plus net transfers.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted Average;

The average for 2023 based on 16 countries was 24.33 percent. The highest value was in Indonesia: 35.95 percent and the lowest value was in South Africa: 13.63 percent. The indicator is available from 1960 to 2023. Below is a chart for all countries where data are available.