South Africa Forecast: Unemployment Rate

1980 - 2028 | Yearly | % | International Monetary Fund

Key information about South Africa Unemployment Rate Forecast

  • South Africa Unemployment Rate is forecasted to be 32.786 % in Dec 2024 as reported by International Monetary Fund
  • It records an increase from the last reported number of 32.800 % in Dec 2023
  • Looking ahead, South Africa Unemployment Rate is projected to stand at 33.763 % in Dec 2028
  • The data is updated yearly and is categorized in CEIC under World Trend Plus’s Country Forecast – Table IMF.WEO: Unemployment Rate

View South Africa's Forecast: Unemployment Rate from 1980 to 2028 in the chart:

South Africa Forecast: Unemployment Rate

What is South Africa's Forecast: Unemployment Rate in 2028?

South Africa Unemployment Rate is forecasted to be 32.786 % in Dec 2024 as reported by International Monetary Fund See the table below for more data.

Last Previous Min Max Unit Frequency Range
33.763 2028 33.484 2027 9.241 1980 34.300 2021 % yearly 1980 - 2028

Forecast: Unemployment Rate by Country Comparison

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country/region Last Frequency Range
Afghanistan (%) 0.000 yearly -
Albania (%) 11.000 2028 yearly 1980 - 2028
Algeria (%) 11.383 2019 yearly 1980 - 2019
Andorra (%) 1.675 2028 yearly 2010 - 2028
Angola (%) 0.000 yearly -
Antigua and Barbuda (%) 0.000 yearly -
Argentina (%) 7.000 2028 yearly 1980 - 2028
Armenia (%) 14.000 2028 yearly 2001 - 2028
Aruba (%) 5.091 2026 yearly 1991 - 2026
Australia (%) 4.898 2028 yearly 1980 - 2028
Austria (%) 5.179 2028 yearly 1980 - 2028
Azerbaijan (%) 5.545 2028 yearly 2000 - 2028
Bahamas (%) 9.190 2028 yearly 1986 - 2028
Bahrain (%) 5.400 2022 yearly 2007 - 2022
Bangladesh (%) 0.000 yearly -
Barbados (%) 9.718 2028 yearly 1981 - 2028
Belarus (%) 3.455 2028 yearly 1993 - 2028
Belgium (%) 5.402 2028 yearly 1980 - 2028
Belize (%) 2.800 2028 yearly 1990 - 2028
Benin (%) 0.000 yearly -
Bhutan (%) 5.900 2022 yearly 2003 - 2022
Bolivia (%) 5.200 2028 yearly 2000 - 2028
Bosnia and Herzegovina (%) 15.255 2028 yearly 1995 - 2028
Botswana (%) 0.000 yearly -
Brazil (%) 7.931 2028 yearly 1991 - 2028
Brunei (%) 4.900 2028 yearly 2011 - 2028
Bulgaria (%) 4.200 2028 yearly 1989 - 2028
Burkina Faso (%) 0.000 yearly -
Burundi (%) 0.000 yearly -
Cambodia (%) 0.000 yearly -
Cameroon (%) 0.000 yearly -
Canada (%) 5.999 2028 yearly 1980 - 2028
Cape Verde (%) 8.500 2028 yearly 1980 - 2028
Central African Republic (%) 0.000 yearly -
Chad (%) 0.000 yearly -
Chile (%) 7.499 2028 yearly 1980 - 2028
China (%) 5.200 2028 yearly 2017 - 2028
Colombia (%) 9.511 2028 yearly 1980 - 2028
Comoros (%) 0.000 yearly -
Congo (%) 0.000 yearly -
Costa Rica (%) 9.000 2026 yearly 1980 - 2026
Croatia (%) 5.581 2028 yearly 1991 - 2028
Cyprus (%) 5.481 2028 yearly 1982 - 2028
Czech Republic (%) 2.300 2028 yearly 1995 - 2028
Democratic Republic of Congo (%) 0.000 yearly -
Denmark (%) 5.000 2028 yearly 1980 - 2028
Djibouti (%) 0.000 yearly -
Dominica (%) 0.000 yearly -
Dominican Republic (%) 6.000 2028 yearly 1991 - 2028
Ecuador (%) 3.500 2028 yearly 1988 - 2028
Egypt (%) 6.679 2028 yearly 1990 - 2028
El Salvador (%) 5.500 2028 yearly 1988 - 2028
Equatorial Guinea (%) 0.000 yearly -
Eritrea (%) 0.000 yearly -
Estonia (%) 6.364 2028 yearly 1993 - 2028
Swaziland (%) 25.000 2016 yearly 1995 - 2016
Ethiopia (%) 0.000 yearly -
Fiji (%) 4.500 2028 yearly 1986 - 2028
Finland (%) 7.100 2028 yearly 1980 - 2028
France (%) 6.663 2028 yearly 1980 - 2028
Gabon (%) 0.000 yearly -
Gambia (%) 0.000 yearly -
Georgia (%) 17.516 2028 yearly 1996 - 2028
Germany (%) 2.963 2028 yearly 1980 - 2028
Ghana (%) 0.000 yearly -
Greece (%) 9.000 2028 yearly 1980 - 2028
Grenada (%) 0.000 yearly -
Guatemala (%) 0.000 yearly -
Guinea (%) 0.000 yearly -
Guinea-Bissau (%) 0.000 yearly -
Guyana (%) 0.000 yearly -
Haiti (%) 0.000 yearly -
Honduras (%) 8.000 2028 yearly 1980 - 2028
Hong Kong SAR, China (%) 2.774 2028 yearly 1980 - 2028
Hungary (%) 3.300 2028 yearly 1980 - 2028
Iceland (%) 3.976 2028 yearly 1980 - 2028
India (%) 0.000 yearly -
Indonesia (%) 5.100 2028 yearly 1984 - 2028
Iran (%) 9.779 2028 yearly 1990 - 2028
Iraq (%) 0.000 yearly -
Ireland (%) 4.507 2028 yearly 1985 - 2028
Israel (%) 4.000 2028 yearly 1980 - 2028
Italy (%) 8.250 2028 yearly 1980 - 2028
Ivory Coast (%) 0.000 yearly -
Jamaica (%) 8.375 2021 yearly 1980 - 2021
Japan (%) 2.300 2028 yearly 1980 - 2028
Jordan (%) 22.850 2022 yearly 1984 - 2022
Kazakhstan (%) 4.775 2028 yearly 1994 - 2028
Kenya (%) 0.000 yearly -
Kiribati (%) 0.000 yearly -
South Korea (%) 3.205 2028 yearly 1980 - 2028
Kosovo (%) 20.750 2021 yearly 2012 - 2021
Kuwait (%) 2.200 2028 yearly 2002 - 2028
Kyrgyzstan (%) 9.014 2028 yearly 1994 - 2028
Laos (%) 0.000 yearly -
Latvia (%) 6.402 2028 yearly 1992 - 2028
Lebanon (%) 0.000 yearly -
Lesotho (%) 0.000 2015 yearly 2000 - 2015
Liberia (%) 0.000 yearly -
Libya (%) 0.000 yearly -

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South Africa Key Series

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Includes 257 key indicators for South Africa, curated by CEIC analysts. Instant access to full history data in excel.
Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -6.0 Dec 2023 quarterly Dec 1990 - Dec 2023
Consolidated Fiscal Balance (USD mn) 1,092.928 Feb 2024 monthly Jan 1990 - Feb 2024
Tax Revenue (USD mn) 9,667.557 Feb 2024 monthly Jan 1990 - Feb 2024
Tax Revenue: % of GDP (%) 23.7 Dec 2023 quarterly Mar 1990 - Dec 2023
National Government Debt (USD mn) 273,059.8 Feb 2024 monthly Jan 1960 - Feb 2024
Government Debt: % of GDP (%) 73.9 Dec 2023 quarterly Dec 1960 - Dec 2023
Forecast: Government Expenditure (ZAR bn) 3,213.470 2028 yearly 2000 - 2028
Forecast: Government Net Debt (ZAR bn) 8,237.820 2028 yearly 2000 - 2028
Forecast: Government Revenue (ZAR bn) 2,574.380 2028 yearly 2000 - 2028
National Govt Balance (ZAR mn) 20,784.000 Feb 2024 monthly Jan 1990 - Feb 2024
National Govt Expenditure (ZAR mn) 166,347.000 Feb 2024 monthly Jan 1990 - Feb 2024
National Govt Revenue (ZAR mn) 187,131.000 Feb 2024 monthly Jan 1990 - Feb 2024
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 3.612 2028 yearly 1980 - 2028
Trade Balance (USD mn) 738.4 Feb 2024 monthly Oct 2004 - Feb 2024
Total Exports (USD mn) 8,511.2 Feb 2024 monthly Oct 2004 - Feb 2024
Total Exports Growth (%) 6.9 Feb 2024 monthly Oct 2005 - Feb 2024
Aluminum: Exports (USD th) 1,988,217.085 2022 yearly 1995 - 2022
Exports: Medicament (USD th) 302,269.065 2022 yearly 1995 - 2022
Exports: Medicinal and Pharmaceutical Product (USD th) 336,373.993 2022 yearly 1995 - 2022
Total Imports (USD mn) 7,772.7 Feb 2024 monthly Oct 2004 - Feb 2024
Total Imports Growth (%) 5.1 Feb 2024 monthly Oct 2005 - Feb 2024
Imports: Medicament (USD th) 1,718,103.448 2022 yearly 1995 - 2022
Imports: Medicinal and Pharmaceutical Product (USD th) 709,875.453 2022 yearly 1995 - 2022
Total Exports to USA (USD mn) 599.079 Jan 2024 monthly Jan 1998 - Jan 2024
Total Imports from USA (USD mn) 621.685 Jan 2024 monthly Jan 1998 - Jan 2024
Total Exports to China (USD mn) 1,029.367 Feb 2024 monthly Jan 1998 - Feb 2024
Total Imports from China (USD mn) 1,570.025 Dec 2023 monthly Sep 1999 - Dec 2023
Exports: Natural Pearls and Precious Metal (ZAR mn) 23,914.600 Feb 2024 monthly Jan 2010 - Feb 2024
Exports: Chemical Products (ZAR mn) 8,433.600 Feb 2024 monthly Jan 2010 - Feb 2024
Exports: Base Metals (ZAR mn) 18,172.600 Feb 2024 monthly Jan 2010 - Feb 2024
Exports: Machinery and Mechanical Appliances (ZAR mn) 12,058.100 Feb 2024 monthly Jan 2010 - Feb 2024
Exports: Mineral Products (ZAR mn) 43,338.000 Feb 2024 monthly Jan 2010 - Feb 2024
Exports: China (ZAR) 17,189,193,278.000 Jan 2024 monthly Jan 2009 - Jan 2024
Exports: United Kingdom (ZAR) 6,546,147,800.000 Jan 2024 monthly Jan 2009 - Jan 2024
Exports: United States (ZAR) 11,266,042,674.000 Jan 2024 monthly Jan 2009 - Jan 2024
Exports: Japan (ZAR) 6,935,915,835.000 Jan 2024 monthly Jan 2009 - Jan 2024
Exports: Germany (ZAR) 6,053,674,400.000 Jan 2024 monthly Jan 2009 - Jan 2024
Exports (ZAR mn) 161,854.900 Feb 2024 monthly Jan 2010 - Feb 2024
Imports: Mineral Products (ZAR mn) 31,601.400 Feb 2024 monthly Jan 2010 - Feb 2024
Imports: Chemical Products (ZAR mn) 15,558.300 Feb 2024 monthly Jan 2010 - Feb 2024
Imports: Vehicles (ZAR mn) 10,535.100 Feb 2024 monthly Jan 2010 - Feb 2024
Imports: Machinery and Mechanical Appliances (ZAR mn) 32,840.000 Feb 2024 monthly Jan 2010 - Feb 2024
Imports: Textiles (ZAR mn) 5,117.200 Feb 2024 monthly Jan 2010 - Feb 2024
Imports: Japan (ZAR) 3,254,094,322.000 Jan 2024 monthly Jan 2009 - Jan 2024
Imports: Germany (ZAR) 12,971,088,608.000 Jan 2024 monthly Jan 2009 - Jan 2024
Imports: China (ZAR) 31,243,248,808.000 Jan 2024 monthly Jan 2009 - Jan 2024
Imports: United Kingdom (ZAR) 2,998,429,263.000 Jan 2024 monthly Jan 2009 - Jan 2024
Imports: United States (ZAR) 11,691,165,848.000 Jan 2024 monthly Jan 2009 - Jan 2024
Imports (ZAR mn) 153,706.400 Jan 2024 monthly Jan 2010 - Jan 2024
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) -726.9 Dec 2023 quarterly Mar 1985 - Dec 2023
Current Account Balance (USD mn) -932.5 Mar 2023 quarterly Mar 1960 - Mar 2023
Current Account Balance: % of GDP (%) -2.3 Dec 2023 quarterly Mar 1960 - Dec 2023
Foreign Direct Investment (USD mn) 864.4 Dec 2023 quarterly Mar 1985 - Dec 2023
Foreign Direct Investment: % of GDP (%) 0.9 Dec 2023 quarterly Mar 1985 - Dec 2023
Foreign Portfolio Investment (USD mn) -479.109 Dec 2023 quarterly Mar 1985 - Dec 2023
Foreign Portfolio Investment: % of GDP (%) -0.5 Dec 2023 quarterly Mar 1985 - Dec 2023
Foreign Portfolio Investment: Equity Securities (USD mn) -1,152.5 Dec 2023 quarterly Mar 1985 - Dec 2023
Foreign Portfolio Investment: Debt Securities (USD mn) 673.348 Dec 2023 quarterly Mar 1985 - Dec 2023
External Debt (USD mn) 158,081.0 Dec 2023 quarterly Dec 1985 - Dec 2023
External Debt: % of GDP (%) 41.8 2023 yearly 1985 - 2023
External Debt: Short Term (USD mn) 31,894.0 Dec 2023 quarterly Dec 2002 - Dec 2023
External Debt: Short Term: % of GDP (%) 8.4 2022 yearly 1994 - 2022
Forecast: Current Account Balance (USD bn) -9.444 2028 yearly 1980 - 2028
Net International Investment Position (USD mn) 107,161.240 Dec 2023 quarterly Dec 2012 - Dec 2023
BoP: Current Account: Exports: Merchandise (ZAR mn) 489,246.000 Dec 2023 quarterly Mar 1960 - Dec 2023
BoP: Current Account: Exports: Net Gold (ZAR mn) 30,496.000 Dec 2023 quarterly Mar 1960 - Dec 2023
BoP: Current Account: Receipts: Income (ZAR mn) 47,501.000 Dec 2023 quarterly Mar 1960 - Dec 2023
BoP: Current Account: Less Imports: Merchandise (ZAR mn) 488,337.000 Dec 2023 quarterly Mar 1960 - Dec 2023
BoP: Current Account: Less Payments: Income (ZAR mn) 60,349.000 Dec 2023 quarterly Mar 1960 - Dec 2023
BoP: Capital Transfers Account (ZAR mn) 58.000 Dec 2023 quarterly Mar 1960 - Dec 2023
BoP: Current Account: Less Payments: Services (ZAR mn) 92,305.000 Dec 2023 quarterly Mar 1960 - Dec 2023
BoP: Financial Account: Portfolio Investment (PI): Net (ZAR mn) -67,460.000 Dec 2023 quarterly Mar 1985 - Dec 2023
BoP: Current Account: Current Transfers (ZAR mn) -10,706.000 Dec 2023 quarterly Mar 1960 - Dec 2023
BoP: Financial Account (ZAR mn) -1,072.000 Dec 2023 quarterly Mar 1985 - Dec 2023
BoP: Financial Account: Direct Investment: Net: Financial Assets (ZAR mn) 13,610.000 Dec 2023 quarterly Mar 1985 - Dec 2023
BoP: Financial Account: Direct Investment: Net (ZAR mn) 29,795.000 Dec 2023 quarterly Mar 1985 - Dec 2023
BoP: Current Account: Receipts: Services (ZAR mn) 73,329.000 Dec 2023 quarterly Mar 1960 - Dec 2023
BoP: Financial Account: PI: Net: Assets (ZAR mn) -58,489.000 Dec 2023 quarterly Mar 1985 - Dec 2023
BoP: Financial Account: PI: Net: Liabilities (ZAR mn) -8,971.000 Dec 2023 quarterly Mar 1985 - Dec 2023
BoP: Financial Account: Other Investment: Net: Liabilities (ZAR mn) -26,630.000 Dec 2023 quarterly Mar 1985 - Dec 2023
BoP: Financial Account: Other Investment: Net (ZAR mn) 27,593.000 Dec 2023 quarterly Mar 1985 - Dec 2023
BoP: Financial Account: Other Investment: Net: Financial Assets (ZAR mn) 54,223.000 Dec 2023 quarterly Mar 1985 - Dec 2023
BoP: Financial Account: Financial Derivatives: Net (ZAR mn) 1,170.000 Dec 2023 quarterly Mar 1985 - Dec 2023
BoP: Financial Account: Financial Derivatives: Net: Liabilities (ZAR mn) -56,425.000 Dec 2023 quarterly Mar 1985 - Dec 2023
BoP: Financial Account: Financial Derivatives: Net: Financial Assets (ZAR mn) 57,595.000 Dec 2023 quarterly Mar 1985 - Dec 2023
BoP: Financial Account: Reserve Assets (ZAR mn) 7,830.000 Dec 2023 quarterly Mar 1985 - Dec 2023
BoP: Financial Account: Net Direct Investment: Liabilities (ZAR mn) -8,219.000 Dec 2018 quarterly Mar 1985 - Dec 2018
BoP: Financial Account: PI: Liabilities: Equity & Investment Fund Shares (ZAR mn) -15,687.000 Dec 2018 quarterly Mar 1997 - Dec 2018
BoP: saar: Current Account (CA) (ZAR mn) -165,528.000 Dec 2023 quarterly Mar 1960 - Dec 2023
BoP: saar: CA: Receipts: Services (ZAR mn) 279,577.000 Dec 2023 quarterly Mar 1960 - Dec 2023
BoP: saar: CA: Exports: Merchandise (ZAR mn) 1,900,940.000 Dec 2023 quarterly Mar 1960 - Dec 2023
BoP: saar: CA: Exports: Net Gold (ZAR mn) 121,984.000 Dec 2023 quarterly Mar 1960 - Dec 2023
BoP: saar: CA: Receipts: Income (ZAR mn) 223,854.000 Dec 2023 quarterly Mar 1960 - Dec 2023
BoP: saar: CA: Less Imports: Merchandise (ZAR mn) 1,934,794.000 Dec 2023 quarterly Mar 1960 - Dec 2023
BoP: saar: CA: Less Payments: Services (ZAR mn) 359,151.000 Dec 2023 quarterly Mar 1960 - Dec 2023
BoP: saar: CA: Less Payments: Income (ZAR mn) 355,189.000 Dec 2023 quarterly Mar 1960 - Dec 2023
BoP: saar: CA: Current Transfers (ZAR mn) -42,749.000 Dec 2023 quarterly Mar 1960 - Dec 2023
Foreign Investment: Direct (ZAR mn) 1,925,533.000 2017 yearly 1956 - 2017
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 5.4 Jan 2024 monthly Jan 2008 - Jan 2024
Household Debt: % of GDP (%) 40.8 Dec 2023 quarterly Mar 1969 - Dec 2023
Non-Performing Loans (USD mn) 15,736.592 Jan 2024 monthly Jan 2008 - Jan 2024
Money Supply M1 (USD mn) 136,430.187 Feb 2024 monthly Mar 1965 - Feb 2024
Money Supply M2 (USD mn) 219,011.382 Feb 2024 monthly Mar 1965 - Feb 2024
M2 Growth (%) 5.6 Feb 2024 monthly Mar 1966 - Feb 2024
Reserve Requirement Ratio (%) 2.5 Mar 2024 monthly Feb 1994 - Mar 2024
Foreign Exchange Reserves (USD mn) 46,773.0 Feb 2024 monthly Jan 2001 - Feb 2024
Foreign Exchange Reserves: % of GDP (%) 12.543 Dec 2023 quarterly Mar 2001 - Dec 2023
Foreign Exchange Reserves: Months of Import (NA) 6.0 Feb 2024 monthly Oct 2004 - Feb 2024
Gold Reserves (USD mn) 8,180.000 Feb 2024 monthly Dec 1956 - Feb 2024
Total Deposits (USD mn) 312,983.540 Dec 2023 monthly Dec 1986 - Dec 2023
Total Deposits Growth (%) 6.2 Dec 2023 monthly Dec 1987 - Dec 2023
Domestic Credit (USD mn) 278,419.8 Feb 2024 monthly Mar 1965 - Feb 2024
Domestic Credit Growth (%) 6.3 Feb 2024 monthly Mar 1966 - Feb 2024
Debt Service Ratio: Private Non-Financial Sector (%) 7.900 Sep 2023 quarterly Mar 1999 - Sep 2023
Credit to Households (USD bn) 126.448 Sep 2023 quarterly Mar 2008 - Sep 2023
Credit to Private Non-Financial Sector (USD bn) 245.071 Sep 2023 quarterly Mar 1965 - Sep 2023
Household Debt (USD mn) 155,607.2 Dec 2023 quarterly Mar 1969 - Dec 2023
Total Loans (USD mn) 292,384.524 Jan 2024 monthly Jan 2008 - Jan 2024
Total Loans Growth (%) 4.21 Jan 2024 monthly Jan 2009 - Jan 2024
Private Debt: % of Nominal GDP (%) 66.51 Dec 2023 quarterly Mar 1965 - Dec 2023
Money Supply M3 (ZAR mn) 5,101,846.000 Feb 2024 monthly Mar 1965 - Feb 2024
Money Supply M3: sa (ZAR mn) 5,152,798.000 Feb 2024 monthly Mar 1965 - Feb 2024
Money Supply M3: M2: M1 (ZAR mn) 2,617,877.000 Feb 2024 monthly Mar 1965 - Feb 2024
Money Supply M3: M2 (ZAR mn) 4,202,478.000 Feb 2024 monthly Mar 1965 - Feb 2024
Monetary Base (ZAR mn) 376,845.000 Feb 2024 monthly Mar 1965 - Feb 2024
Official Reserve Assets (USD mn) 62,323.000 Mar 2024 monthly Jan 2001 - Mar 2024
Official Reserve Assets: Gold (USD mn) 5,335.000 Jan 2019 monthly Jan 2001 - Jan 2019
Gold & Other Foreign Reserves: Memorandum Items: Gross (USD mn) 50,582.00 Jun 2018 monthly Jan 1981 - Jun 2018
Business and Economic Survey Last Frequency Range
Business Confidence Growth (% Point) 5.8 Feb 2024 monthly Sep 2000 - Feb 2024
Business Confidence Index: Quarterly: Manufacturers (%) 21.000 Mar 2024 quarterly Mar 1975 - Mar 2024
Business Confidence Index (2020=100) 111.500 Nov 2023 monthly Jan 2015 - Nov 2023
Composite Leading Index: sa: 2015=100: Domestic (2015=100) 105.88 Apr 2018 monthly Jan 1960 - Apr 2018
Composite Coincident Index: sa: 2015=100: Domestic (2015=100) 102.50 Mar 2018 monthly Jan 1960 - Mar 2018
Composite Lagging Index: sa: 2015=100: Domestic (2015=100) 94.64 Mar 2018 monthly Jan 1960 - Mar 2018
Building & Construction Survey: Composite Confidence (%) 24.500 Mar 2019 quarterly Jun 1986 - Mar 2019
ZA: Ease of Doing Business Rank: 1=Most Business-friendly Regulations (NA) 84.000 2019 yearly 2019 - 2019

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