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 July of 2020. source: South African Reserve Bank

Current Account to GDP in South Africa is expected to reach -6.70 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 -4.30 percent in 2021 and -3.70 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 15939.29 -35946.48 22554.97 -35946.48 ZAR Million [+]
Current Account 69700.00 -68100.00 69700.00 -246452.00 ZAR Million [+]
Current Account to GDP -3.00 -3.50 6.00 -7.50 percent [+]
Imports 85905.95 88031.16 125716.72 66.10 ZAR Million [+]
Exports 101845.23 53016.05 122757.04 55.80 ZAR Million [+]
External Debt 185236.00 177676.00 185236.00 33262.00 USD Million [+]
Tourist Arrivals 863232.00 1218468.00 1598893.00 37430.00 [+]
Gold Reserves 125.30 125.31 183.51 123.48 Tonnes [+]
Weapons Sales 149.00 103.00 235.00 1.00 USD Million [+]
Terms Of Trade 114.00 109.80 114.00 42.20 points [+]
Terrorism Index 4.51 4.26 4.51 0.22 [+]
Foreign Direct Investment 10528.00 17329.00 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.