In 2021, government debt for South Africa was 4,271 billion LCU. Between 2002 and 2021, government debt of South Africa grew substantially from 433 to 4,271 billion LCU rising at an increasing annual rate that reached a maximum of 26.33% in 2010 and then decreased to 11.40% in 2021.
The description is composed by our digital data assistant.Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110).
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