The current account deficit in South Africa narrowed to ZAR 110.2 billion in the fourth quarter of 2018 from an upwardly revised ZAR 180.4 billion in the previous period and compared with market expectations of a ZAR 162.5 billion shortfall. It is the equivalent to 2.2 percent of the GDP, compared to 3.7 percent in the prior quarter. The goods and services balance shifted to a ZAR 61 billion surplus from ZAR 1 billion gap in the third quarter of the year. Also, the primary income deficit declined to ZAR 138 billion from ZAR 150 billion. Meanwhile, the secondary income gap increased slightly to ZAR 33 billion from ZAR 30 billion. In 2018, the current account shortfall widened to ZAR 173 billion from ZAR 118 billion in 2017. It is the equivalent to 3.5 percent of the GDP in 2018, compared to 2.5 percent in 2017. Current Account in South Africa averaged -29899.86 ZAR Million from 1960 until 2018, 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.