Public debt per capita in South Africa

This indicator measures general government gross debt per capita, expressed in current international dollars. Debt includes liabilities that require payment of interest and/or principal in the future. It follows the IMF World Economic Outlook definition of government debt, under the IMF Government Finance Statistics Manual (GFSM) framework. Debt is gross, that is, it is not net of government financial assets.
This metric shows the total stock of these consolidated gross liabilities divided by the country's total population, giving a clear sense of how much public debt corresponds to each resident on average. Amounts are gross, meaning government financial assets are not subtracted from the total.
Values are converted using purchasing power parity (PPP) so that cross-country comparisons accurately reflect differences in local price levels and cost of living rather than market exchange rate fluctuations.