India vs South Africa

India vs South Africa: Government debt

Government debt in 2024: 84.8% of GDP in India and 76% of GDP in South Africa, by IMF estimates. In 2024 the value was higher in India, by 8.9 percentage points, or 1.12 times that in South Africa.

% of GDP · IMF

India vs South Africa: Government debtGovernment debt in 2024: 84.8% of GDP in India and 76% of GDP in South Africa, by IMF estimates. In 2024 the value was higher in India, by 8.9 percentage points, or 1.12 times that in South Africa.
IndiaSouth AfricaIMF projection (World Economic Outlook, October 2026)

What the numbers say

  • India has been higher in every year both have figures for since 2000.
  • The IMF projection (World Economic Outlook, October 2026) puts India at 75.1% of GDP and South Africa at 79.8% of GDP in 2031.

Every year

% of GDP · IMF

YearIndiaSouth Africa
202484.876
202384.873.2
202284.470.7
202185.568.8
202090.468.9
201976.556.1
201871.651.5
201770.748.6
201669.847.1
201569.745.2
201467.643.3
20136840.4
201268.137.4
201168.734.7
201067.731.2
200972.727
200874.324.1
200775.424.3
200677.928
200582.429.6
200484.930.7
200385.931.5
200284.331.8
200180.138.1
200074.937.9
199971.3–
199869.3–
199769–
199667.1–
199570.9–
199474.8–
199378.3–
199278.8–
199176.7–
IMF projection (World Economic Outlook, October 2026) · 2025–2031
YearIndiaSouth Africa
202584.378.4
202683.178
202781.378.1
202879.978.8
202978.479.5
20307779.7
203175.179.8

Each country on its own

Good to know

  • What the government owes, as a share of the economy’s yearly output.
  • Source: IMF, World Economic Outlook, October 2026.
  • The dashed line is the IMF projection (World Economic Outlook, October 2026), a scenario rather than a forecast.

How the layers work, where their data comes from and what they can’t tell you: Countries through time

India vs South Africa

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