24Peaks / Africa / South Africa / Government Fiscal Balance (% of GDP)

South Africa - Government Fiscal Balance (% of GDP) -3.5

IMF Government Finance Statistics · updated 2026-10-03 · 48 economies tracked

Latest value

-3.5 (2024)

Global rank

#n/a of 48 economies

Share of global total

25.4%

Growth since 2017

0.97×

Ranking Race — Government Fiscal Balance (% of GDP)

1 = global #1 · higher value ranks higher

#1#7#13#19#25#31#37201720222025#33#172023 overtook Jordan2024 overtook Indonesia
South AfricaTürkiye

Real annual global ranks, 2017 - 2025. South Africa climbed from #33 to #17 (overtook Jordan). Gaps in a lane = missing data that year.

Key events for South Africa ↓

Key Events — South Africa

Auto-detected from rank data + curated milestones

2020
COVID-19 recession curated

Deepest contraction in a century.

2023
Overtook Jordan in global rank auto
2024
Overtook Indonesia in global rank auto

Government Fiscal Balance (% of GDP), 2017-2024

IMF Government Finance Statistics · % of GDP · linear scale · ranking in the race above
201720222024-8.96-6.97-4.99-3
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