Households Debt in South Africa increased to 34 percent of GDP in the second quarter of 2019 from 33.80 percent of GDP in the first quarter of 2019. Households Debt To GDP in South Africa averaged 37.97 percent of GDP from 2008 until 2019, reaching an all time high of 43.90 percent of GDP in the first quarter of 2008 and a record low of 33.10 percent of GDP in the fourth quarter of 2017.
Households Debt To GDP in South Africa is expected to be 36.50 percent of GDP by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Households Debt To GDP in South Africa to stand at 33.00 in 12 months time. In the long-term, the South Africa Households Debt To GDP is projected to trend around 36.00 percent of GDP in 2020, according to our econometric models.