South Africa recorded a Current Account deficit of 3 percent of the country's Gross Domestic Product in 2019.

Current Account to GDP in South Africa averaged -1.64 percent from 1963 until 2019, reaching an all time high of 6 percent in 1987 and a record low of -7.50 percent in 1971. This page provides - South Africa Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. South Africa Current Account to GDP - values, historical data and charts - was last updated on October of 2020. source: South African Reserve Bank

Current Account to GDP in South Africa is expected to reach -1.00 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the South Africa Current Account to GDP is projected to trend around -1.90 percent in 2021 and -2.20 percent in 2022, according to our econometric models.

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South Africa Current Account to GDP

Actual Previous Highest Lowest Dates Unit Frequency
-3.00 -3.50 6.00 -7.50 1963 - 2019 percent Yearly

South Africa Trade Last Previous Highest Lowest Unit
Balance of Trade 38869.00 37181.00 45731.00 -35946.48 ZAR Million [+]
Current Account -103587.00 63440.00 63440.00 -246452.00 ZAR Million [+]
Current Account to GDP -3.00 -3.50 6.00 -7.50 percent [+]
Imports 91348.01 85027.33 125723.07 66.10 ZAR Million [+]
Exports 130217.45 122207.83 130217.45 55.80 ZAR Million [+]
External Debt 156341.00 155624.00 185236.00 33262.00 USD Million [+]
Tourist Arrivals 68914.00 62841.00 1598893.00 29341.00 [+]
Gold Reserves 125.30 125.30 183.51 123.48 Tonnes [+]
Weapons Sales 145.00 65.00 235.00 1.00 USD Million [+]
Terms Of Trade 117.30 114.00 117.30 42.20 points [+]
Terrorism Index 4.51 4.26 4.51 0.22 [+]
Foreign Direct Investment 17363.00 29012.00 52712.00 -13910.00 ZAR Billion [+]

South Africa Current Account to GDP
The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes.