South Africa recorded a Current Account deficit of 3.50 percent of the country's Gross Domestic Product in 2019. Current Account to GDP in South Africa averaged -1.65 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. source: South African Reserve Bank

Current Account to GDP in South Africa is expected to be -3.50 percent by the end of this quarter, 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 -3.70 percent in 2020, according to our econometric models.

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South Africa Current Account to GDP

Actual Previous Highest Lowest Dates Unit Frequency
-3.50 -3.60 6.00 -7.50 1963 - 2019 percent Yearly


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.

South Africa Trade Last Previous Highest Lowest Unit
Balance of Trade 6097.33 2751.65 17088.51 -26858.70 ZAR Million [+]
Current Account -190312.00 -208656.00 15627.00 -246452.00 ZAR Million [+]
Current Account to GDP -3.50 -3.60 6.00 -7.50 percent [+]
Imports 110804.69 120091.02 125721.33 66.10 ZAR Million [+]
Exports 116902.03 122842.67 122842.67 55.80 ZAR Million [+]
External Debt 177676.00 180568.00 183311.00 33262.00 USD Million [+]
Tourist Arrivals 1297483.00 1219616.00 1598893.00 37430.00 [+]
Gold Reserves 125.31 125.31 183.51 123.48 Tonnes [+]
Terms Of Trade 109.30 106.80 109.50 42.20 points [+]
Terrorism Index 4.51 4.26 4.51 0.22 [+]
Weapons Sales 149.00 103.00 235.00 1.00 USD Million [+]
Foreign Direct Investment 17024.00 26301.00 52712.00 -13910.00 ZAR Billion [+]