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Economy of South Africa vs Syria compared: GDP & Debt

Updated on by Georank team

South Africa has a GDP of $401B compared to $20B for Syria, ranking 40/197 and 129/197 by economy size, respectively.

South Africa has $305B in government debt (76% of GDP), compared to $18.4B (30% of GDP) in Syria.

South Africa vs Syria GDP by year

South Africa
Syria
1x
Year GDP, current $
South Africa Syria
2024 $401,144,998,374 -
2023 $381,440,724,491 $19,993,439,950
2022 $407,596,043,068 $23,622,827,080
2021 $419,986,284,375 $14,353,205,678
2020 $337,974,655,408 $12,047,752,036
2019 $389,330,032,224 $22,583,045,060
2018 $405,260,723,893 $21,497,782,868
2017 $381,448,814,653 $16,369,843,352
2016 $323,585,509,674 $12,597,854,877
2015 $346,709,790,459 $16,466,863,117
2014 $381,198,869,776 $21,502,061,466
2013 $400,886,013,596 $21,361,254,635
2012 $434,400,545,086 $43,190,318,033
2011 $458,199,494,831 $67,539,428,159
2010 $417,363,822,802 $61,390,830,875
2009 $329,754,060,647 $54,111,735,629
2008 $316,131,258,616 $52,557,913,569
2007 $333,077,117,254 $40,465,318,382
2006 $303,858,675,364 $33,751,788,856
2005 $288,867,217,197 $28,858,965,517
2004 $255,806,908,595 $25,086,950,495
2003 $197,018,965,309 $21,828,144,686
2002 $129,087,556,612 $20,669,357,462
2001 $135,429,905,923 $20,237,024,725
2000 $151,752,757,215 $18,937,052,543
1999 $151,516,957,079 $15,873,875,969
1998 $152,982,984,557 $15,200,846,154
1997 $168,978,057,328 $14,505,233,463
1996 $163,234,925,381 $13,789,560,878
1995 $171,735,933,897 $11,396,706,587
1994 $153,512,712,382 $10,122,020,000
1993 $147,194,747,566 $13,695,962,055
1992 $146,956,150,987 $13,253,565,861
1991 $135,203,698,238 $12,981,833,333
1990 $126,048,140,142 $12,308,624,418
1989 $108,055,624,082 $9,853,395,762
1988 $103,976,831,871 $10,577,041,645
1987 $96,535,763,418 $11,356,215,543
1986 $73,354,771,399 $13,293,205,278
1985 $64,459,376,087 $16,403,539,893
1984 $84,870,163,366 $17,503,078,174
1983 $96,204,110,942 $17,589,277,143
1982 $85,904,057,409 $16,298,929,011
1981 $93,141,472,164 $15,518,201,335
1980 $89,411,864,402 $13,062,420,382
1979 $63,038,658,089 $9,929,681,529
1978 $51,607,412,902 $9,275,200,458
1977 $45,328,411,332 $7,696,011,396
1976 $41,150,460,288 $7,633,528,867
1975 $42,906,905,672 $6,826,980,444
1974 $41,389,186,095 $5,159,557,148
1973 $33,262,772,008 $3,239,487,516
1972 $24,515,919,217 $3,059,681,698
1971 $23,411,076,638 $2,589,851,325
1970 $21,218,391,513 $2,140,384,010
1969 $19,256,992,297 $2,245,011,515
1968 $17,124,793,150 $1,753,746,430
1967 $15,821,393,671 $1,580,229,799
1966 $14,211,394,315 $1,342,287,553
1965 $13,068,994,772 $1,472,036,540
1964 $11,955,995,218 $1,339,494,267
1963 $10,854,195,658 $1,200,447,408
1962 $9,813,996,074 $1,110,565,881
1961 $9,225,996,310 $945,244,972
1960 $8,748,596,501 $857,704,413

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/south-africa/syria | CC BY

GDP per capita in South Africa vs Syria by year

South Africa
GDP per capita

GDP per capita, PPP
Syria
GDP per capita

GDP per capita, PPP
1x
Year Current $
South Africa Syria
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $6,267 $15,456 - -
2023 $6,034 $15,200 $847 $4,650
2022 $6,534 $14,749 $1,052 $4,772
2021 $6,829 $13,682 $664 $4,593
2020 $5,581 $12,671 $572 $3,738
2019 $6,534 $13,361 $1,110 $3,502
2018 $6,914 $13,347 $1,098 $3,456
2017 $6,618 $13,738 $852 $3,265
2016 $5,651 $13,519 $656 -
2015 $6,112 $13,398 $848 -
2014 $6,857 $13,359 $1,061 -
2013 $7,332 $13,369 $986 -
2012 $8,077 $12,987 $1,898 -
2011 $8,646 $13,143 $2,952 -
2010 $7,973 $12,637 $2,731 -
2009 $6,375 $12,261 $2,462 -
2008 $6,185 $12,525 $2,429 -
2007 $6,592 $12,047 $1,938 -
2006 $6,077 $11,250 $1,719 -
2005 $5,837 $10,441 $1,534 -
2004 $5,221 $9,714 $1,368 -
2003 $4,062 $9,139 $1,220 -
2002 $2,688 $8,792 $1,183 -
2001 $2,847 $8,428 $1,187 -
2000 $3,218 $8,095 $1,138 -
1999 $3,242 $7,667 $978 -
1998 $3,310 $7,463 $961 -
1997 $3,700 $7,433 $941 -
1996 $3,618 $7,208 $918 -
1995 $3,856 $6,875 $780 -
1994 $3,489 $6,611 $712 -
1993 $3,400 $6,375 $993 -
1992 $3,462 $6,275 $990 -
1991 $3,243 $6,383 $1,000 -
1990 $3,093 $6,382 $978 -
1989 $2,727 - $809 -
1988 $2,702 - $898 -
1987 $2,586 - $997 -
1986 $2,027 - $1,208 -
1985 $1,839 - $1,544 -
1984 $2,504 - $1,706 -
1983 $2,938 - $1,776 -
1982 $2,717 - $1,703 -
1981 $3,050 - $1,676 -
1980 $3,029 - $1,458 -
1979 $2,202 - $1,146 -
1978 $1,852 - $1,108 -
1977 $1,671 - $951 -
1976 $1,559 - $976 -
1975 $1,670 - $904 -
1974 $1,656 - $707 -
1973 $1,369 - $459 -
1972 $1,038 - $448 -
1971 $1,020 - $393 -
1970 $952 - $335 -
1969 $891 - $364 -
1968 $817 - $293.3 -
1967 $779 - $272.9 -
1966 $722 - $239.3 -
1965 $685 - $270.8 -
1964 $646 - $254.2 -
1963 $605 - $234.9 -
1962 $563 - $223.9 -
1961 $546 - $196.3 -
1960 $532 - $183.5 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/south-africa/syria | CC BY

South Africa's GDP per capita is $6,267, ranking 111/197, compared to $847 in Syria, ranking 185/197. Adjusted for purchasing power (GDP per capita PPP), South Africa ranks 112th at $15,456, while Syria ranks 160th at $4,650.

Economic indicators

South Africa Syria
Gross domestic product
$401B
2024
$20B
2023
GDP rank
40/197
2024
129/197
2023
GDP growth
0.53%
2023-2024
-1.21%
2022-2023
GDP per capita
$6,267
2024
$847
2023
GDP per capita rank
111/197
2024
185/197
2023
GDP per capita, PPP
$15,456
2024
$4,650
2023
GDP per capita PPP rank
112/197
2024
160/197
2023
Government debt
$305B
2024
$18.4B
2010
Debt-to-GDP ratio
76%
2024
30%
2010
Government debt per person
$4,761
2024
$820
2010
Government debt per person rank
83/185
2024
148/185
2010
Average annual personal income after taxes
$15,431
2026
$730
2026
Market capitalization of domestic companies
$986B
2024
n/a
Number of millionaires
90,595
2025
n/a
Number of billionaires
7
2025
n/a
Income share by richest 10%
50.5%
2014
21.1%
2022
Income share by poorest 10%
0.9%
2014
3.8%
2022
Government expenditure, % of GDP
33%
2024
28.6%
2010
Consumer prices inflation
4.36%
2023-2024
13.4%
2018-2019
Central bank interest rate
6.75%
2025
n/a
Unemployment rate
32.3%
2024
8.61%
2010
Population
65683993
26829400

Spending and national debt comparison by year

South Africa
Spending

Debt
Syria
Spending

Debt
1x
Year % of GDP
South Africa Syria
Government spending Government debt Government spending Government debt
2024 33% 76% - -
2023 32.5% 73.2% - -
2022 31.9% 70.7% - -
2021 32.7% 68.8% - -
2020 34.6% 68.9% - -
2019 31.4% 56.1% - -
2018 30.2% 51.5% - -
2017 29.9% 48.6% - -
2016 29.9% 47.1% - -
2015 30.2% 45.2% - -
2014 29.3% 43.3% - -
2013 28.9% 40.4% - -
2012 28.6% 37.4% - -
2011 28.1% 34.7% - -
2010 28.3% 31.2% 28.6% 30%
2009 28.5% 27% 26.7% 31.2%
2008 26% 24% 22.9% 37.3%
2007 24.4% 24.3% 25.7% 42.7%
2006 24.7% 28% 26.3% 45%
2005 25.1% 29.6% 28.2% 50.7%
2004 22.7% 30.7% 31.3% 113%
2003 22.6% 31.5% 32.6% 133.4%
2002 22.2% 31.8% 28.5% 132.4%
2001 22.6% 38% 28% 144.5%
2000 22.6% 37.9% 27.4% 152.1%
1999 26.7% 45.9% 28% 147.7%
1998 27.1% 45.8% 28.8% 151.2%
1997 27.9% 45.8% 29% 147.6%
1996 28.5% 44.3% 27.7% 141.5%
1995 27.2% 47% 29.8% 152.6%
1994 31.3% 46.4% 30.3% 163%
1993 29.1% 39.8% 29.4% 171.9%
1992 29.8% 34.8% 34.2% 173.6%
1991 27.8% 34.7% 34.3% 182.4%
1990 28.7% 31.8% 28.3% 189.8%
1989 29.6% 33.3% - -
1988 23.9% 30.6% - -
1987 28% 33.5% - -
1986 27.8% 32.5% - -
1985 26.8% 26.3% - -
1984 25.2% 23.2% - -
1983 25.1% 28.7% - -
1982 23.8% 31.3% - -
1981 23.3% 27.4% - -
1980 21.8% 33.3% - -
1979 26.5% 41.9% - -
1978 26.8% 44.7% - -
1977 27.3% 45.3% - -
1976 23% 35% - -
1975 21.2% 32.8% - -
1974 19.1% 33.7% - -
1973 21% 38.2% - -
1972 22.9% 41.1% - -
1971 19.9% 41.1% - -
1970 20% 43.3% - -
1969 18.8% 44.4% - -
1968 19.4% 42.7% - -
1967 18.8% 41.1% - -
1966 18.3% 41.4% - -
1965 18.2% 42.7% - -
1964 11.3% 30% - -
1963 15.9% 43.4% - -
1962 15.9% 45.7% - -
1961 15.7% 52.8% - -
1960 16.7% 52.9% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1999, retrieved 2026-02-20).

GeoRank.org/economy/south-africa/syria | CC BY

In 2024, South Africa's government spending was $132B, accounting for 33% of its GDP, while Syria spent $17.6B, or 28.6% of GDP.

Debt-to-GDP ratio is 76% in South Africa and 30% in Syria, ranking 48/185 and 157/185, respectively.

Government deficit by year

Deficit/surplus
South Africa

Syria
1x
Year Deficit/surplus, % of GDP
South Africa Syria
2024 -5.79% -
2023 -5.55% -
2022 -4.25% -
2021 -5.54% -
2020 -9.62% -
2019 -5.07% -
2018 -3.73% -
2017 -4.02% -
2016 -3.72% -
2015 -4.37% -
2014 -3.93% -
2013 -3.9% -
2012 -4.04% -
2011 -3.7% -
2010 -4.51% -7.79%
2009 -4.67% -2.89%
2008 -0.49% -2.86%
2007 1.22% -2.99%
2006 0.81% -1.12%
2005 -0.1% -4.41%
2004 -1.04% -4.18%
2003 -1.59% -2.7%
2002 -0.96% -2.02%
2001 -1.02% 2.3%
2000 -1.38% -1.36%
1999 -2.21% -1.47%
1998 -2.56% -2.81%
1997 -4.08% -1.78%
1996 -4.53% -2.83%
1995 -4.38% -3.81%
1994 -8.09% -6%
1993 -8.54% -4.96%
1992 -7.09% -7.26%
1991 -4.85% -6.57%
1990 -3.82% -3.92%
1989 -8.3% -
1988 -3.29% -
1987 -6.36% -
1986 -5.69% -
1985 -4.86% -
1984 -5.24% -
1983 -5.3% -
1982 -3.88% -
1981 -3.72% -
1980 -1.91% -
1979 -4.65% -
1978 -5.42% -
1977 -5.52% -
1976 -4.19% -
1975 -2.62% -
1974 -1.5% -
1973 -4.54% -
1972 -5.39% -
1971 -1.96% -
1970 -3.19% -
1969 -3.94% -
1968 -3.38% -
1967 -3.8% -
1966 -3.04% -
1965 -3.15% -
1964 -1.19% -
1963 -2.26% -
1962 -1.4% -
1961 -3.25% -
1960 -2.36% -
1959 -4.4% -
1958 -3.5% -
1957 -2.8% -
1956 -2.12% -
1955 -2.9% -
1954 -2.53% -
1953 -3.72% -
1952 -4.14% -
1951 -0.4% -
1950 -2.33% -
1949 -6.87% -
1948 -6.03% -
1947 -1.82% -
1946 -4.03% -
1945 -7.41% -
1944 -8.94% -
1943 -8.49% -
1942 -9.08% -
1941 -7.3% -
1940 -10.9% -
1939 -2.96% -
1938 -3.91% -
1937 -2.16% -
1936 -2.58% -
1935 -3.2% -
1934 -3.29% -
1933 -3.31% -
1932 -4.72% -
1931 -5.31% -
1930 -5.19% -
1929 -4.41% -
1928 -3.29% -
1927 -3.79% -
1926 -4.76% -
1925 -4.92% -
1924 -4.72% -
1923 -5.53% -
1922 -4.51% -
1921 -5.38% -
1920 -5.52% -
1919 -2.6% -
1918 -3.7% -
1917 -3.52% -
1916 -2.57% -
1915 -10.7% -
1914 -11.6% -
1913 -4.15% -

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1913–1999, retrieved 2026-02-20); International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

GeoRank.org/economy/south-africa/syria | CC BY

In 2010, South Africa's government deficit, the difference between spending and revenue, was $18.8B, equivalent to 4.51% of GDP. This compares to Syria's deficit of $4.78B, or 7.79% of GDP.

Over the past 21 years, South Africa recorded a fiscal deficit in 19 of those years, while Syria ran a deficit in 20 years. On average, South Africa posted an annual deficit equal to 3.04% of GDP, compared to deficit of 3.4% of GDP for Syria.

Inflation comparison by year

Inflation
South Africa

Syria
1x
Year Consumer prices inflation
South Africa Syria
2024 4.36% -
2023 6.08% -
2022 7.04% -
2021 4.62% -
2020 3.23% -
2019 4.1% 13.4%
2018 4.51% 0.94%
2017 5.19% 18.1%
2016 6.6% 47.7%
2015 4.52% 38.5%
2014 6.13% 10.9%
2013 5.78% 40%
2012 5.74% 36.7%
2011 5% 4.75%
2010 4.07% 4.4%
2009 7.24% 2.92%
2008 9.91% 15.7%
2007 6.18% 3.91%
2006 3.24% 10%
2005 2.06% 7.24%
2004 -0.69% 4.43%
2003 5.68% 5.8%
2002 9.49% -0.13%
2001 5.7% 3%
2000 5.34% -3.85%
1999 5.18% -3.7%
1998 6.88% -0.8%
1997 8.6% 1.89%

Data sources: World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

GeoRank.org/economy/south-africa/syria | CC BY

Over the past 23 years, South Africa has recorded an average annual inflation rate of 5.5%, compared with 11.4% in Syria. In 2019, inflation was 4.36% in South Africa and 13.4% in Syria.

Top exports between countries

South Africa
Export category Export value
Processed food, beverages & tobacco $501K
Chemicals & pharma $478K
Textiles & consumer goods $451K
Metals $183K
Machinery & equipment $108K
Raw agricultural goods $66K
Raw materials & minerals $53K
Wood & paper products $27K
Syria
Export category Export value
Textiles & consumer goods $1.72M
Processed food, beverages & tobacco $112K
Chemicals & pharma $100K
Machinery & equipment $78K
Raw agricultural goods $14K
Raw materials & minerals $6K
Metals $2K
Miscellaneous $2K
Precious metals & jewellery $1K
Wood & paper products $1K

Balance of trade

South Africa Syria
Current account balance
-$2.58B
2024
-$367M
2010
Current account balance ranking
152/190
2024
103/190
2010
Current account balance, % of GDP
-0.64%
2024
-0.6%
2010
Goods imports
$99.8B
2024
$15.9B
2010
Goods exports
$112B
2024
$12.3B
2010
Service imports
$20B
2024
$3.53B
2010
Service exports
$16.1B
2024
$7.33B
2010
Imports of goods and services, % of GDP
29.9%
2024
28.8%
2022
Exports of goods and services, % of GDP
31.8%
2024
6.81%
2022

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

South Africa Syria
Economic freedom 58.6 51.2
Economic freedom ranking 110/197 155/197
Property rights 48.8 4
Government integrity 46.7 3.6
Judicial effectiveness 64.6 3.7
Tax burden 65.4 87.3
Government spending 68.4 78.5
Fiscal health 45.3 13.8
Business freedom 67.9 33.8
Labor freedom 70.8 37.2
Monetary freedom 75.8 80
Trade freedom 68.8 47
Investment freedom 40 0
Financial freedom 40 20

Economic freedom comparison by year

South Africa
Syria
1x
Year Economic freedom index
South Africa Syria
2026 58.6 -
2025 57.3 -
2024 55.3 -
2023 55.7 -
2022 56.2 -
2021 59.7 -
2020 58.8 -
2019 58.3 -
2018 63 -
2017 62.3 -
2016 61.9 -
2015 62.6 -
2014 62.5 -
2013 61.8 -
2012 62.7 51.2
2011 62.7 51.3
2010 62.8 49.4
2009 63.8 51.3
2008 63.4 47.2
2007 63.5 48.3
2006 63.7 51.2
2005 62.9 46.3
2004 66.3 40.6
2003 67.1 41.3
2002 64 36.3
2001 63.8 36.6
2000 63.7 37.2
1999 63.3 39
1998 64.3 42.2
1997 63.2 43
1996 62.5 42.3
1995 60.7 -

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09).

GeoRank.org/economy/south-africa/syria | CC BY

The Economic Freedom Index for South Africa is 58.6, ranking 110/197, compared to 51.2 for Syria, ranking 155/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

South Africa Syria
Services, % of GDP
63%
2024
44.9%
2022
Industry, % of GDP
24.3%
2024
12%
2022
Agriculture, forestry, and fishing, % of GDP
2.81%
2024
43.1%
2022
GNI, Atlas method
$391B
2024
$18.2B
2023
GNI per capita, PPP
$15,150
2024
$4,480
2023
Total reserves including gold
$65.4B
2024
$20.6B
2010
Total reserves ranking
36/177
2024
62/177
2010
Net foreign direct investment
-$3.59B
2024
-$1.47B
2010
Net inflows of foreign direct investment
$2.33B
2024
$0
2024
Net outflows of foreign direct investment
-$1.26B
2024
$0
2024
Servicing debt to the IMF, % of GNI
5.74%
2024
0.15%
2023
Poverty at national poverty lines
55.5%
2014
35.2%
2007
Gross capital formation, % of GDP
14.1%
2024
16%
1969

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).

GeoRank.org/economy/south-africa/syria | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Public Finances in Modern History (1913–1999, retrieved 2026-02-20)
  3. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  5. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  6. TradeMap (2010–2024, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)

Creative Commons Attribution (CC BY) — you’re free to copy, share, remix, adapt, and use even commercially as long as you give appropriate credit and clearly indicate if you made changes. Other sources may be subject to different license terms.

The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.

Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.

A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).

Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.

Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.

Principal and interest payments to the IMF in currency, goods, or services on long-term debt expressed as a share of GNI.

Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.