General government net debt in % of GDP

(%)

In 2017, general government net debt (% of GDP) in South Africa was 46.8 %. In the ranking by general government net debt (% of GDP) including 88 countries, South Africa has the 36th rank that is close to the positions of such countries as Seychelles and the Mexico. Compared to Barbados which at the top of the ranking with general government net debt (% of GDP) of 156.2 % in 2017, South Africa has 70.02 % percent lower general government net debt (% of GDP).

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Net debt is calculated as gross debt minus financial assets corresponding to debt instruments. These financial assets are: monetary gold and SDRs, currency and deposits, debt securities, loans, insurance, pension, and standardized guarantee schemes, and other accounts receivable.