Consumer Spending in South Africa increased to 1864428 ZAR Million in the third quarter of 2020 from 1656067 ZAR Million in the second quarter of 2020. source: South African Reserve Bank

Consumer Spending in South Africa averaged 966568.59 ZAR Million from 1960 until 2020, reaching an all time high of 1967226 ZAR Million in the first quarter of 2020 and a record low of 260612 ZAR Million in the first quarter of 1960. This page provides the latest reported value for - South Africa Consumer Spending - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. South Africa Consumer Spending - values, historical data and charts - was last updated on February of 2021.

Consumer Spending in South Africa is expected to be 2006571.00 ZAR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Consumer Spending in South Africa to stand at 1931547.00 in 12 months time. In the long-term, the South Africa Consumer Spending is projected to trend around 1977905.00 ZAR Million in 2022 and 2027352.00 ZAR Million in 2023, according to our econometric models.

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South Africa Consumer Spending

Actual Previous Highest Lowest Dates Unit Frequency
1864428.00 1656067.00 1967226.00 260612.00 1960 - 2020 ZAR Million Quarterly
Constant Prices 2010, SA & Annualized

South Africa Consumer Last Previous Highest Lowest Unit
Consumer Confidence -12.00 -23.00 26.00 -36.00 points [+]
Retail Sales MoM -0.80 2.10 69.20 -49.00 percent [+]
Retail Sales YoY -1.30 -4.30 15.50 -49.90 percent [+]
Consumer Spending 1864428.00 1656067.00 1967226.00 260612.00 ZAR Million [+]
Disposable Personal Income 3050164.00 2619615.00 3127441.00 3520.00 ZAR Million [+]
Personal Savings 0.70 0.10 23.80 -2.50 percent [+]
Private Sector Credit 3.55 3.38 35.88 -2.35 percent [+]
Bank Lending Rate 7.00 7.00 25.50 5.50 percent [+]
Gasoline Prices 0.98 0.99 1.44 0.43 USD/Liter [+]
Households Debt To GDP 35.10 34.50 43.90 33.10 percent of GDP [+]
Households Debt To Income 72.80 71.90 86.40 40.30 percent [+]
Consumer Confidence Economic Expectations -22.20 -1.00 37.00 -38.00 [+]
Consumer Confidence Financial Expectations 6.40 3.00 30.40 -22.00 [+]
Consumer Confidence Major Purchases Expectations -11.80 -17.00 13.10 -42.00 [+]