South Africa's current account deficit rose to ZAR 204.1 billion in the second quarter of 2019 from an upwardly revised ZAR 143.5 billion in the previous period and compared with market expectations of a ZAR 134.5 billion shortfall. This was the largest current account gap since the first quarter of 2018, as the goods trade balance switched to a ZAR 27 billion deficit from a ZAR 42 billion surplus in Q1. Meanwhile, the shortfall on services, income and current transfer payments decreased slightly to ZAR 177 billion from ZAR 185 billion, due to smaller deficits on the income and current transfer accounts, which partially countered a slightly larger deficit on the services account. As a ratio of GDP, the current account deficit deteriorated to 4.0 percent in the second quarter of 2019 from 2.9 percent in the first quarter Current Account in South Africa averaged -31109.11 ZAR Million from 1960 until 2019, reaching an all time high of 15627 ZAR Million in the fourth quarter of 2002 and a record low of -246452 ZAR Million in the third quarter of 2013.

South Africa Current Account
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Calendar GMT Actual Previous Consensus TEForecast
2018-12-06 09:00 AM Current Account Q3 ZAR-176.6B ZAR-167.4B ZAR-176B ZAR -180B
2019-03-07 09:00 AM Current Account Q4 ZAR-110.2B ZAR-180.4B ZAR-162.5B ZAR -93B
2019-06-06 09:00 AM Current Account Q1 ZAR-142.5B ZAR-110.2B ZAR-154.5B ZAR -140B
2019-09-05 09:00 AM Current Account Q2 ZAR-204.1B ZAR-143.5B ZAR-134.5B ZAR -120B
2019-12-05 09:00 AM Current Account Q3 ZAR-204.1B ZAR -170B


South Africa Trade Last Previous Highest Lowest Unit
Balance of Trade 6842.94 -3724.97 17088.56 -26851.81 ZAR Million [+]
Current Account -204100.00 -143500.00 15627.00 -246452.00 ZAR Million [+]
Current Account to GDP -3.60 -2.50 6.00 -7.50 percent [+]
Imports 115177.56 116286.31 125721.78 66.10 ZAR Million [+]
Exports 122020.50 112561.34 122020.50 55.80 ZAR Million [+]
External Debt 180568.00 176004.00 183239.00 33262.00 USD Million [+]
Tourist Arrivals 1238165.00 1163574.00 1598893.00 37430.00 [+]
Gold Reserves 125.31 125.30 183.51 123.48 Tonnes [+]
Terms Of Trade 106.80 107.10 109.50 42.20 Index Points [+]
Terrorism Index 4.26 4.09 4.26 0.22 [+]
Weapons Sales 149.00 103.00 235.00 1.00 USD Million [+]
Foreign Direct Investment 26301.00 11733.00 52712.00 -13910.00 ZAR Billion [+]


South Africa Current Account

Current Account is the sum of the balance of trade (exports minus imports of goods and services), net factor income (such as interest and dividends) and net transfer payments (such as foreign aid). This page provides the latest reported value for - South Africa Current Account - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. South Africa Current Account - actual data, historical chart and calendar of releases - was last updated on October of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-204100.00 -143500.00 15627.00 -246452.00 1960 - 2019 ZAR Million Quarterly
SA




Country Last Previous
Argentina -2560.58 Jun/19
Australia 5853.00 Jun/19
Brazil -4274.30 Aug/19
Canada -6380.00 Jun/19
China 461.67 Jun/19
Euro Area 25.71 Aug/19
France -2487.00 Aug/19
Germany 16900.00 Aug/19
India -14315.70 Jun/19
Indonesia -8442.80 Jun/19
Italy 6037.00 Aug/19
Japan 2157.71 Aug/19
Mexico 5142.70 Jun/19
Netherlands 13615.80 Jun/19
Russia 12900.00 Sep/19
Saudi Arabia 12407.00 Jun/19
Singapore 21497.50 Jun/19
South Africa -204100.00 Jun/19
South Korea 5270.00 Aug/19
Spain 3237.00 Jul/19
Switzerland 21272.85 Jun/19
Turkey 2604.00 Aug/19
United Kingdom -25200.00 Jun/19
United States -128188.00 Jun/19


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