South Africa vs Sweden

South Africa vs Sweden: Government debt

Government debt: 76% of GDP in South Africa in 2024 and 34.6% of GDP in Sweden in 2025, by IMF estimates. In 2024 the value was higher in South Africa, by 42.1 percentage points, or 2.24 times that in Sweden.

% of GDP · IMF

South Africa vs Sweden: Government debtGovernment debt: 76% of GDP in South Africa in 2024 and 34.6% of GDP in Sweden in 2025, by IMF estimates. In 2024 the value was higher in South Africa, by 42.1 percentage points, or 2.24 times that in Sweden.
South AfricaSwedenIMF projection (World Economic Outlook, October 2026)

What the numbers say

  • South Africa has been higher since 2015, when it overtook Sweden.
  • The IMF projection (World Economic Outlook, October 2026) puts South Africa at 79.8% of GDP and Sweden at 30.7% of GDP in 2031.

Every year

% of GDP · IMF

YearSouth AfricaSweden
202578.434.6
20247633.9
202373.232.2
202270.734.4
202168.837.2
202068.940.5
201956.136
201851.540.2
201748.641.9
201647.143.2
201545.244.8
201443.346.1
201340.441.2
201237.438.1
201134.737.8
201031.238.7
20092741.3
200824.138
200724.339.3
20062843.9
200529.649
200430.748.7
200331.549.5
200231.849.9
200138.152
200037.950.4
1999–60.3
1998–65.4
1997–67.7
1996–68.9
1995–68.7
1994–68.6
1993–66.1
  • 12.3Projected
IMF projection (World Economic Outlook, October 2026) · 2026–2031
YearSouth AfricaSweden
20267835.1
202778.135.5
202878.834.8
202979.533.6
203079.732.3
203179.830.7

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.
  • Ranks count the 149 countries with a value in 2025, highest first.

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

South Africa vs Sweden

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