South Africa Economic Dashboard

Key economic indicators sourced directly from the South African Reserve Bank.

M3 Money Supply

R6.1tr

Real GDP (annualised)

R4.8tr

Government Debt

R6.1tr

Debt-to-GDP

76%

M3 Growth (1yr)

9.2%

Real GDP Growth (1yr)

2.5%

Unemployment

32.7%

Repo Rate

7.0%

CPI Rate (YoY)

4.5%

5 years 10 years 15 years 20 years All Showing: 15 years

M3 Money Supply vs GDP (Indexed)

All series indexed to 100 at the first data point. The gap between M3 (blue) and Real GDP (green) represents the cumulative effect of money creation exceeding real output growth.

Government Debt & Debt-to-GDP

Total gross loan debt (area) and debt-to-GDP ratio (dashed line). Debt has grown from R0.8tr in 2010 to R6.1tr, pushing the ratio from ~35% to ~76%.

Annual Growth: M3 vs Real GDP

When M3 growth (blue line) exceeds Real GDP growth (green bars), the excess represents monetary debasement — the hidden inflation tax.

Data sourced from the South African Reserve Bank API. GDP data is quarterly (seasonally adjusted at annual rates). Government debt and M3 data are monthly. Latest values shown where available. See the Why the Rand is Losing Value article for an explanation of M3 and purchasing power.