South Africa vs Zimbabwe

South Africa vs Zimbabwe: Government debt

Government debt: 76% of GDP in South Africa in 2024 and 38% of GDP in Zimbabwe in 2025, by IMF estimates. In 2024 the value was higher in South Africa, by 5.5 percentage points, or 1.08 times that in Zimbabwe.

% of GDP · IMF

South Africa vs Zimbabwe: Government debtGovernment debt: 76% of GDP in South Africa in 2024 and 38% of GDP in Zimbabwe in 2025, by IMF estimates. In 2024 the value was higher in South Africa, by 5.5 percentage points, or 1.08 times that in Zimbabwe.
South AfricaZimbabweIMF projection (World Economic Outlook, October 2026)

What the numbers say

  • South Africa has been higher since 2024, when it overtook Zimbabwe.
  • The IMF projection (World Economic Outlook, October 2026) puts South Africa at 79.8% of GDP and Zimbabwe at 25.7% of GDP in 2031.

Every year

% of GDP · IMF

YearSouth AfricaZimbabwe
202578.438
20247670.4
202373.276.1
202270.766.8
202168.839.9
202068.956.8
201956.153.9
201851.533
201748.649
201647.135.1
201545.234.1
201443.329.2
201340.426.4
201237.427.2
201134.730
201031.233.2
20092739.7
200824.141.3
200724.330.2
20062826.7
200529.622.4
200430.7–
200331.5–
200231.8–
200138.1–
200037.9–
  • 12.3Projected
IMF projection (World Economic Outlook, October 2026) · 2026–2031
YearSouth AfricaZimbabwe
20267833.5
202778.130.6
202878.830.2
202979.528.2
203079.726.7
203179.825.7

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 Zimbabwe

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