South Africa - Investment

South Africa: Investment

Mnemonic I.IZAF
Unit Mil. ZAR, SAAR
Adjustments Seasonally Adjusted at Annual Rate
Quarterly 21.84 %
Data 2021 Q1 688,128
2020 Q4 564,780

Series Information

Source South African Reserve Bank (SARB)
Release Quarterly Bulletin
Frequency Quarterly
Start Date 3/31/1960
End Date 3/31/2021

South Africa: GDP

Reference Last Previous Units Frequency
Government Consumption 2021 Q1 1,167,230 1,147,623 Mil. ZAR, SAAR Quarterly
Investment 2021 Q1 688,128 564,780 Mil. ZAR, SAAR Quarterly
Nominal Fixed Investment (gross fixed capital formation) 2021 Q1 796,807 802,418 Mil. ZAR, SAAR Quarterly
Nominal Gross Domestic Product 2021 Q1 5,321,010 5,356,677 Mil. ZAR, SAAR Quarterly
Private Consumption 2021 Q1 3,160,012 3,128,993 Mil. ZAR, SAAR Quarterly
Real Fixed Investment (gross fixed capital formation) 2021 Q1 491,021 494,223 Mil. 2010 ZAR, SAAR Quarterly
Real Government Consumption 2021 Q1 657,183 655,551 Mil. 2010 ZAR, SAAR Quarterly
Real Gross Domestic Product 2021 Q1 3,044,465 3,010,318 Mil. 2010 ZAR, SAAR Quarterly
Real Investment 2021 Q1 437,775 376,692 Mil. 2010 ZAR, SAAR Quarterly
Real Private Consumption 2021 Q1 1,940,020 1,917,965 Mil. 2010 ZAR, SAAR Quarterly

Release Information

For South Africa: interest rates, detailed balance of payments, detailed expenditure approach to GDP from the quarterly national accounts (GDP(E)), GFCF detail. From the quarterly bulletin produced by the South African Reserve Bank (SARB).

Interest rates


Balance of payments


National accounts


  • Framework: UN SNA 2008
  • Measurements:
    • Millions of South African rand at constant year-2015 prices (Mil. 2010 ZAR)
    • At current prices (Mil. ZAR)
  • Adjustments:
    • Seasonally adjusted annualized rate (SAAR)
    • Not seasonally adjusted (NSA)
  • Native frequency: Quarterly
  • Start date: Uniformly 1993Q1


  • SNA 2008 at 2010 prices - 1960 or 1993 to 2021
  • SNA 93 at 2005 prices

The source writes:

The analysis focuses on four key areas:

  • Domestic economic developments
  • Foreign trade and payments
  • Monetary developments, interest rates and financial markets
  • Public finance

The statistical section is organized along eight major categories:

  • Money and banking
  • Capital market
  • National financial account
  • Public finance
  • International economic relations
    • Balance of payments statistics are aligned with the guidelines of the Balance of Payments and International Investment Position Manual (BPM6).
  • National accounts
    • National accounts data are reported according to the standards of the 2008 SNA.
    • Industries are clasified according to the Standard Industrial Classification (SIC) fifth edition, the localization of ISIC Rev.3.
  • General economic indicators
  • Key information

Debt-service cost is defined as the interest payments on household's outstanding debt. To calculate the debt service ratio, debt-service cost is multiplied by 100, and then divided by net disposable income of households.

Data for the previous quarter is subject to revision during the regular update. 

Figures for the past four years are preliminary and subject to revision during the fourth quarter update.  

In accordance with international best practice, national accounts are rebased and benchmarked every five years.

Statistics South Africa (Stats SA) disseminates quarterly data on GDP compiled according to the production approach (GVA). Differences between GDP compiled for the production approach and GDP compiled from the expenditure approach (by the SARB) are allocated to a "statistical discrepancy" item in the expenditure-based estimates.

Further reading