South Africa Forecast: Unemployment Rate

1980 - 2029 | Yearly | % | International Monetary Fund

Key information about South Africa Unemployment Rate Forecast

  • South Africa Unemployment Rate is forecasted to be 33.676 % in Dec 2024 as reported by International Monetary Fund
  • It records an increase from the last reported number of 33.100 % in Dec 2023
  • Looking ahead, South Africa Unemployment Rate is projected to stand at 34.738 % in Dec 2029
  • 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 2029 in the chart:

South Africa Forecast: Unemployment Rate

What is South Africa's Forecast: Unemployment Rate in 2029?

South Africa Unemployment Rate is forecasted to be 33.676 % in Dec 2024 as reported by International Monetary Fund See the table below for more data.

Last Previous Min Max Unit Frequency Range
34.738 2029 34.526 2028 9.241 1980 34.738 2029 % yearly 1980 - 2029

Forecast: Unemployment Rate by Country Comparison

country/region Last Frequency Range
Afghanistan (%) 0.000 yearly -
Albania (%) 10.700 2029 yearly 1980 - 2029
Algeria (%) 11.383 2019 yearly 1980 - 2019
Andorra (%) 1.550 2029 yearly 2010 - 2029
Angola (%) 0.000 yearly -
Antigua and Barbuda (%) 0.000 yearly -
Argentina (%) 7.000 2029 yearly 1980 - 2029
Armenia (%) 14.000 2029 yearly 2001 - 2029
Aruba (%) 5.091 2026 yearly 1991 - 2026
Australia (%) 4.524 2029 yearly 1980 - 2029
Austria (%) 5.179 2028 yearly 1980 - 2028
Azerbaijan (%) 5.098 2029 yearly 2000 - 2029
Bahamas (%) 9.500 2029 yearly 1986 - 2029
Bahrain (%) 6.300 2023 yearly 2007 - 2023
Bangladesh (%) 0.000 yearly -
Barbados (%) 7.677 2029 yearly 1981 - 2029
Belarus (%) 2.898 2029 yearly 1993 - 2029
Belgium (%) 5.700 2029 yearly 1980 - 2029
Belize (%) 3.400 2029 yearly 1990 - 2029
Benin (%) 0.000 yearly -
Bhutan (%) 3.500 2023 yearly 2003 - 2023
Bolivia (%) 5.200 2029 yearly 2000 - 2029
Bosnia and Herzegovina (%) 13.200 2029 yearly 1995 - 2029
Botswana (%) 0.000 yearly -
Brazil (%) 7.482 2029 yearly 1991 - 2029
Brunei (%) 4.900 2029 yearly 2011 - 2029
Bulgaria (%) 4.000 2029 yearly 1989 - 2029
Burkina Faso (%) 0.000 yearly -
Burundi (%) 0.000 yearly -
Cambodia (%) 0.000 yearly -
Cameroon (%) 0.000 yearly -
Canada (%) 5.960 2029 yearly 1980 - 2029
Cape Verde (%) 8.500 2029 yearly 1980 - 2029
Central African Republic (%) 0.000 yearly -
Chad (%) 0.000 yearly -
Chile (%) 7.500 2029 yearly 1980 - 2029
China (%) 5.100 2029 yearly 2017 - 2029
Colombia (%) 9.400 2029 yearly 1980 - 2029
Comoros (%) 0.000 yearly -
Congo (%) 0.000 yearly -
Costa Rica (%) 9.000 2026 yearly 1980 - 2026
Croatia (%) 5.466 2029 yearly 1991 - 2029
Cyprus (%) 4.979 2029 yearly 1982 - 2029
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 2029 yearly 1991 - 2029
Ecuador (%) 3.500 2029 yearly 1988 - 2029
Egypt (%) 5.502 2029 yearly 1990 - 2029
El Salvador (%) 5.216 2029 yearly 1988 - 2029
Equatorial Guinea (%) 0.000 yearly -
Eritrea (%) 0.000 yearly -
Estonia (%) 6.508 2029 yearly 1993 - 2029
Swaziland (%) 25.000 2016 yearly 1995 - 2016
Ethiopia (%) 0.000 yearly -
Fiji (%) 4.500 2029 yearly 1986 - 2029
Finland (%) 7.100 2028 yearly 1980 - 2028
France (%) 6.663 2028 yearly 1980 - 2028
Gabon (%) 0.000 yearly -
Gambia (%) 0.000 yearly -
Georgia (%) 14.500 2029 yearly 1996 - 2029
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 2029 yearly 1980 - 2029
Hong Kong SAR, China (%) 2.669 2029 yearly 1980 - 2029
Hungary (%) 3.689 2029 yearly 1980 - 2029
Iceland (%) 4.000 2029 yearly 1980 - 2029
India (%) 0.000 yearly -
Indonesia (%) 5.100 2029 yearly 1984 - 2029
Iran (%) 9.000 2029 yearly 1990 - 2029
Iraq (%) 0.000 yearly -
Ireland (%) 4.507 2028 yearly 1985 - 2028
Israel (%) 3.900 2029 yearly 1980 - 2029
Italy (%) 8.250 2028 yearly 1980 - 2028
Ivory Coast (%) 0.000 yearly -
Jamaica (%) 4.400 2023 yearly 1980 - 2023
Japan (%) 2.300 2028 yearly 1980 - 2028
Jordan (%) 21.975 2023 yearly 1984 - 2023
Kazakhstan (%) 4.775 2029 yearly 1994 - 2029
Kenya (%) 0.000 yearly -
Kiribati (%) 0.000 yearly -
South Korea (%) 3.000 2029 yearly 1980 - 2029
Kosovo (%) 10.875 2023 yearly 2012 - 2023
Kuwait (%) 2.200 2028 yearly 2002 - 2028
Kyrgyzstan (%) 9.014 2029 yearly 1994 - 2029
Laos (%) 0.000 yearly -
Latvia (%) 6.286 2029 yearly 1992 - 2029
Lebanon (%) 0.000 yearly -
Lesotho (%) 0.000 2015 yearly 2000 - 2015
Liberia (%) 0.000 yearly -
Libya (%) 0.000 yearly -

South Africa Key Series

Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -4.4 Dec 2024 quarterly Dec 1990 - Dec 2024
Consolidated Fiscal Balance (USD mn) -3,349.311 Jan 2025 monthly Jan 1990 - Jan 2025
Tax Revenue (USD mn) 6,427.262 Jan 2025 monthly Jan 1990 - Jan 2025
Tax Revenue: % of GDP (%) 21.6 Sep 2024 quarterly Mar 1990 - Sep 2024
National Government Debt (USD mn) 300,217.4 Dec 2024 monthly Jan 1960 - Dec 2024
Government Debt: % of GDP (%) 75.1 Sep 2024 quarterly Dec 1960 - Sep 2024
Forecast: Government Expenditure (ZAR bn) 3,210.549 2029 yearly 2000 - 2029
Forecast: Government Net Debt (ZAR bn) 8,316.118 2029 yearly 2000 - 2029
Forecast: Government Revenue (ZAR bn) 2,703.075 2029 yearly 2000 - 2029
National Govt Expenditure (ZAR mn) 188,304.000 Dec 2024 monthly Jan 1990 - Dec 2024
National Govt Balance (ZAR mn) 21,384.000 Dec 2024 monthly Jan 1990 - Dec 2024
National Govt Revenue (ZAR mn) 126,085.000 Jan 2025 monthly Jan 1990 - Jan 2025
National Govt Debt: Gross (ZAR mn) 5,616,629.000 Nov 2024 monthly Jan 1960 - Nov 2024
National Govt Debt: Gross: Foreign (ZAR mn) 596,210.000 Nov 2024 monthly Jan 1960 - Nov 2024
National Govt Debt: Gross: Domestic (ZAR mn) 5,020,420.000 Nov 2024 monthly Jan 1960 - Nov 2024
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 3.612 2028 yearly 1980 - 2028
Trade Balance (USD mn) -877.5 Jan 2025 monthly Oct 2004 - Jan 2025
Total Exports (USD mn) 7,960.6 Jan 2025 monthly Oct 2004 - Jan 2025
Total Exports Growth (%) 3.5 Jan 2025 monthly Oct 2005 - Jan 2025
Aluminum: Exports (USD th) 2,085,195.221 2023 yearly 1995 - 2023
Exports: Medicament (USD th) 360,954.969 2023 yearly 1995 - 2023
Exports: Medicinal and Pharmaceutical Product (USD th) 127,325.046 2023 yearly 1995 - 2023
Total Imports (USD mn) 8,838.0 Jan 2025 monthly Oct 2004 - Jan 2025
Total Imports Growth (%) 7.6 Jan 2025 monthly Oct 2005 - Jan 2025
Imports: Medicament (USD th) 1,817,229.560 2023 yearly 1995 - 2023
Imports: Medicinal and Pharmaceutical Product (USD th) 696,045.515 2023 yearly 1995 - 2023
Total Exports to USA (USD mn) 521.985 Jan 2025 monthly Jan 1998 - Jan 2025
Total Imports from USA (USD mn) 636.387 Jan 2025 monthly Jan 1998 - Jan 2025
Total Exports to China (USD mn) 934.436 Jan 2025 monthly Jan 1998 - Jan 2025
Total Imports from China (USD mn) 2,024.400 Jan 2025 monthly Sep 1999 - Jan 2025
Exports: Chemical Products (ZAR mn) 8,636.400 Jan 2025 monthly Jan 2010 - Jan 2025
Exports: Machinery and Mechanical Appliances (ZAR mn) 9,636.700 Jan 2025 monthly Jan 2010 - Jan 2025
Exports: Mineral Products (ZAR mn) 42,817.000 Jan 2025 monthly Jan 2010 - Jan 2025
Exports: Base Metals (ZAR mn) 18,816.200 Jan 2025 monthly Jan 2010 - Jan 2025
Exports: Natural Pearls and Precious Metal (ZAR mn) 26,028.500 Jan 2025 monthly Jan 2010 - Jan 2025
Exports: China (ZAR) 17,486,186,511.000 Jan 2025 monthly Jan 2009 - Jan 2025
Exports: United Kingdom (ZAR) 7,490,577,062.000 Jan 2025 monthly Jan 2009 - Jan 2025
Exports: United States (ZAR) 9,767,948,909.000 Jan 2025 monthly Jan 2009 - Jan 2025
Exports: Japan (ZAR) 8,267,784,079.000 Jan 2025 monthly Jan 2009 - Jan 2025
Exports: Germany (ZAR) 8,692,692,113.000 Jan 2025 monthly Jan 2009 - Jan 2025
Exports (ZAR mn) 148,966.700 Jan 2025 monthly Jan 2010 - Jan 2025
Imports: Vehicles (ZAR mn) 15,710.000 Jan 2025 monthly Jan 2010 - Jan 2025
Imports: Chemical Products (ZAR mn) 17,339.100 Jan 2025 monthly Jan 2010 - Jan 2025
Imports: Mineral Products (ZAR mn) 28,892.500 Jan 2025 monthly Jan 2010 - Jan 2025
Imports: Machinery and Mechanical Appliances (ZAR mn) 38,595.300 Jan 2025 monthly Jan 2010 - Jan 2025
Imports: Textiles (ZAR mn) 6,247.100 Jan 2025 monthly Jan 2010 - Jan 2025
Imports: China (ZAR) 37,882,799,630.000 Jan 2025 monthly Jan 2009 - Jan 2025
Imports: Japan (ZAR) 3,541,254,586.000 Jan 2025 monthly Jan 2009 - Jan 2025
Imports: United States (ZAR) 11,908,775,286.000 Jan 2025 monthly Jan 2009 - Jan 2025
Imports: United Kingdom (ZAR) 2,510,755,108.000 Jan 2025 monthly Jan 2009 - Jan 2025
Imports: Germany (ZAR) 11,161,878,827.000 Jan 2025 monthly Jan 2009 - Jan 2025
Imports (ZAR mn) 165,386.700 Jan 2025 monthly Jan 2010 - Jan 2025
Export Value Index (2015=100) 152.554 2021 yearly 1980 - 2021
Import Value Index (2015=100) 108.922 2021 yearly 1980 - 2021
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) -955.2 Sep 2024 quarterly Mar 1985 - Sep 2024
Current Account Balance (USD mn) -932.5 Mar 2023 quarterly Mar 1960 - Mar 2023
Current Account Balance: % of GDP (%) -0.4 Dec 2024 quarterly Mar 1960 - Dec 2024
Foreign Direct Investment (USD mn) -180.4 Sep 2024 quarterly Mar 1985 - Sep 2024
Foreign Direct Investment: % of GDP (%) -0.2 Sep 2024 quarterly Mar 1985 - Sep 2024
Foreign Portfolio Investment (USD mn) 2,538.594 Sep 2024 quarterly Mar 1985 - Sep 2024
Foreign Portfolio Investment: % of GDP (%) 2.5 Sep 2024 quarterly Mar 1985 - Sep 2024
Foreign Portfolio Investment: Equity Securities (USD mn) 231.0 Sep 2024 quarterly Mar 1985 - Sep 2024
Foreign Portfolio Investment: Debt Securities (USD mn) 2,307.615 Sep 2024 quarterly Mar 1985 - Sep 2024
External Debt (USD mn) 163,852.0 Jun 2024 quarterly Dec 1985 - Jun 2024
External Debt: % of GDP (%) 41.5 2023 yearly 1985 - 2023
External Debt: Short Term (USD mn) 40,186.0 Sep 2024 quarterly Dec 2002 - Sep 2024
External Debt: Short Term: % of GDP (%) 8.4 2023 yearly 1994 - 2023
Forecast: Current Account Balance (USD bn) -10.305 2029 yearly 1980 - 2029
Net International Investment Position (USD mn) 112,572.209 Jun 2024 quarterly Dec 2012 - Jun 2024
BoP: Current Account: Exports: Net Gold (ZAR mn) 34,789.000 Sep 2024 quarterly Mar 1960 - Sep 2024
BoP: Current Account: Receipts: Services (ZAR mn) 72,748.000 Sep 2024 quarterly Mar 1960 - Sep 2024
BoP: Financial Account: Financial Derivatives: Net (ZAR mn) -7,215.000 Sep 2024 quarterly Mar 1985 - Sep 2024
BoP: Financial Account: Financial Derivatives: Net: Liabilities (ZAR mn) -43,636.000 Sep 2024 quarterly Mar 1985 - Sep 2024
BoP: Financial Account: Financial Derivatives: Net: Financial Assets (ZAR mn) 36,421.000 Sep 2024 quarterly Mar 1985 - Sep 2024
BoP: Financial Account: Reserve Assets (ZAR mn) 16,658.000 Sep 2024 quarterly Mar 1985 - Sep 2024
BoP: Current Account: Less Payments: Income (ZAR mn) 109,064.000 Sep 2024 quarterly Mar 1960 - Sep 2024
BoP: Current Account: Receipts: Income (ZAR mn) 53,866.000 Sep 2024 quarterly Mar 1960 - Sep 2024
BoP: Financial Account (ZAR mn) 39,054.000 Sep 2024 quarterly Mar 1985 - Sep 2024
BoP: Financial Account: Direct Investment: Net (ZAR mn) 13,914.000 Sep 2024 quarterly Mar 1985 - Sep 2024
BoP: Financial Account: PI: Net: Liabilities (ZAR mn) 45,589.000 Sep 2024 quarterly Mar 1985 - Sep 2024
BoP: Financial Account: Other Investment: Net: Financial Assets (ZAR mn) -132,566.000 Sep 2024 quarterly Mar 1985 - Sep 2024
BoP: Current Account: Exports: Merchandise (ZAR mn) 475,890.000 Sep 2024 quarterly Mar 1960 - Sep 2024
BoP: Current Account: Less Payments: Services (ZAR mn) 93,592.000 Sep 2024 quarterly Mar 1960 - Sep 2024
BoP: Financial Account: Other Investment: Net (ZAR mn) -65,364.000 Sep 2024 quarterly Mar 1985 - Sep 2024
BoP: Current Account: Current Transfers (ZAR mn) -12,053.000 Sep 2024 quarterly Mar 1960 - Sep 2024
BoP: Capital Transfers Account (ZAR mn) 63.000 Sep 2024 quarterly Mar 1960 - Sep 2024
BoP: Financial Account: Portfolio Investment (PI): Net (ZAR mn) 81,061.000 Sep 2024 quarterly Mar 1985 - Sep 2024
BoP: Financial Account: PI: Net: Assets (ZAR mn) 35,472.000 Sep 2024 quarterly Mar 1985 - Sep 2024
BoP: Current Account: Less Imports: Merchandise (ZAR mn) 466,372.000 Sep 2024 quarterly Mar 1960 - Sep 2024
BoP: Financial Account: Direct Investment: Net: Financial Assets (ZAR mn) 17,153.000 Sep 2024 quarterly Mar 1985 - Sep 2024
BoP: Financial Account: Other Investment: Net: Liabilities (ZAR mn) 67,202.000 Sep 2024 quarterly Mar 1985 - Sep 2024
BoP: Financial Account: PI: Liabilities: Equity & Investment Fund Shares (ZAR mn) -15,687.000 Dec 2018 quarterly Mar 1997 - Dec 2018
BoP: Financial Account: Net Direct Investment: Liabilities (ZAR mn) -8,219.000 Dec 2018 quarterly Mar 1985 - Dec 2018
BoP: saar: Current Account (CA) (ZAR mn) -31,632.000 Dec 2024 quarterly Mar 1960 - Dec 2024
BoP: saar: CA: Exports: Merchandise (ZAR mn) 1,836,276.000 Dec 2024 quarterly Mar 1960 - Dec 2024
BoP: saar: CA: Exports: Net Gold (ZAR mn) 196,594.000 Dec 2024 quarterly Mar 1960 - Dec 2024
BoP: saar: CA: Receipts: Services (ZAR mn) 307,189.000 Dec 2024 quarterly Mar 1960 - Dec 2024
BoP: saar: CA: Receipts: Income (ZAR mn) 197,699.000 Dec 2024 quarterly Mar 1960 - Dec 2024
BoP: saar: CA: Less Payments: Services (ZAR mn) 369,115.000 Dec 2024 quarterly Mar 1960 - Dec 2024
BoP: saar: CA: Less Payments: Income (ZAR mn) 362,004.000 Dec 2024 quarterly Mar 1960 - Dec 2024
BoP: saar: CA: Current Transfers (ZAR mn) -38,306.000 Dec 2024 quarterly Mar 1960 - Dec 2024
BoP: saar: CA: Less Imports: Merchandise (ZAR mn) 1,799,965.000 Dec 2024 quarterly Mar 1960 - Dec 2024
Foreign Investment: Direct (ZAR mn) 1,925,533.000 2017 yearly 1956 - 2017
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 5.2 Dec 2024 monthly Jan 2008 - Dec 2024
Household Debt: % of GDP (%) 40.7 Sep 2024 quarterly Mar 1969 - Sep 2024
Non-Performing Loans (USD mn) 15,910.113 Dec 2024 monthly Jan 2008 - Dec 2024
Money Supply M1 (USD mn) 144,748.262 Jan 2025 monthly Mar 1965 - Jan 2025
Money Supply M2 (USD mn) 240,307.257 Jan 2025 monthly Mar 1965 - Jan 2025
M2 Growth (%) 6.7 Jan 2025 monthly Mar 1966 - Jan 2025
Reserve Requirement Ratio (%) 2.5 Feb 2025 monthly Feb 1994 - Feb 2025
Foreign Exchange Reserves (USD mn) 47,911.0 Jan 2025 monthly Jan 2001 - Jan 2025
Foreign Exchange Reserves: % of GDP (%) 11.762 Sep 2024 quarterly Mar 2001 - Sep 2024
Foreign Exchange Reserves: Months of Import (NA) 5.4 Jan 2025 monthly Oct 2004 - Jan 2025
Gold Reserves (USD mn) 11,315.000 Jan 2025 monthly Dec 1956 - Jan 2025
Total Deposits (USD mn) 352,613.690 Sep 2024 monthly Dec 1986 - Sep 2024
Total Deposits Growth (%) 7.3 Sep 2024 monthly Dec 1987 - Sep 2024
Domestic Credit (USD mn) 301,930.0 Jan 2025 monthly Mar 1965 - Jan 2025
Domestic Credit Growth (%) 6.2 Jan 2025 monthly Mar 1966 - Jan 2025
Debt Service Ratio: Private Non-Financial Sector (%) 8.300 Sep 2024 quarterly Mar 1999 - Sep 2024
Credit to Households (USD bn) 142.831 Sep 2024 quarterly Mar 2008 - Sep 2024
Credit to Private Non-Financial Sector (USD bn) 279.694 Sep 2024 quarterly Mar 1965 - Sep 2024
Household Debt (USD mn) 171,195.1 Sep 2024 quarterly Mar 1969 - Sep 2024
Total Loans (USD mn) 307,405.507 Dec 2024 monthly Jan 2008 - Dec 2024
Total Loans Growth (%) 6.76 Dec 2024 monthly Jan 2009 - Dec 2024
Private Debt: % of Nominal GDP (%) 66.59 Sep 2024 quarterly Mar 1965 - Sep 2024
Money Supply M3 (ZAR mn) 5,445,905.000 Jan 2025 monthly Mar 1965 - Jan 2025
Money Supply M3: sa (ZAR mn) 5,476,878.000 Jan 2025 monthly Mar 1965 - Jan 2025
Money Supply M3: M2 (ZAR mn) 4,479,904.000 Jan 2025 monthly Mar 1965 - Jan 2025
Money Supply M3: M2: M1 (ZAR mn) 2,698,455.000 Jan 2025 monthly Mar 1965 - Jan 2025
Monetary Base (ZAR mn) 502,088.000 Jan 2025 monthly Mar 1965 - Jan 2025
Official Reserve Assets (USD mn) 65,876.000 Jan 2025 monthly Jan 2001 - Jan 2025
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) -11.1 Feb 2025 monthly Sep 2000 - Feb 2025
Purchasing Managers' Index (NA) 46.005 Feb 2025 monthly Sep 1999 - Feb 2025
Business Confidence Index: Quarterly: Manufacturers (%) 34.000 Mar 2025 quarterly Mar 1975 - Mar 2025
Business Confidence Index (2020=100) 121.000 Dec 2024 monthly Jan 2015 - Dec 2024
Composite Lagging Index: sa: 2015=100: Domestic (2015=100) 94.64 Mar 2018 monthly Jan 1960 - Mar 2018
Composite Coincident Index: sa: 2015=100: Domestic (2015=100) 102.50 Mar 2018 monthly Jan 1960 - Mar 2018
Composite Leading Index: sa: 2015=100: Domestic (2015=100) 105.88 Apr 2018 monthly Jan 1960 - Apr 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

More Indicators for South Africa

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