The current account surplus in South Africa rose to ZAR 143 billion in the first quarter of 2022, from an upwardly revised ZAR 132 billion in the fourth quarter and better than market expectations of ZAR 105 billion. The goods surplus widened to ZAR 360 billion from ZAR 336 billion in the previous period, reflecting a larger increase in the value of merchandise and net gold exports than in the value of merchandise imports, although both at record levels. Meanwhile, the shortfall on the services, income and current transfer account rose to ZAR 217 billion from ZAR 204 billion, as larger deficits on the services and secondary income accounts outweighed a smaller deficit on the primary income account. As a ratio of GDP, the current account surplus rose slightly to 2.2% in the fourth quarter of 2021 from 2.1% in the final quarter of 2021. source: South African Reserve Bank

Current Account in South Africa averaged -24666.34 ZAR Million from 1960 until 2022, reaching an all time high of 295546 ZAR Million in the second quarter of 2021 and a record low of -241123 ZAR Million in the third quarter of 2013. 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 - data, historical chart, forecasts and calendar of releases - was last updated on August of 2022.

Current Account in South Africa is expected to be 115000.00 ZAR Million 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 is projected to trend around 180000.00 ZAR Million in 2023 and -210000.00 ZAR Million in 2024, according to our econometric models.

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South Africa Current Account



Calendar GMT Actual Previous Consensus TEForecast
2022-03-10 09:00 AM Q4 ZAR120B ZAR216B ZAR150B ZAR 160B
2022-06-09 09:00 AM Q1 ZAR143B ZAR132B ZAR105B ZAR 150B
2022-09-08 09:00 AM Q2 ZAR143B ZAR115B


Related Last Previous Unit Reference
Current Account 142629.00 132056.00 ZAR Million Mar 2022
Current Account to GDP 3.70 2.00 percent of GDP Dec 2021
External Debt 173837.00 160896.00 USD Million Mar 2022
Terms Of Trade 116.60 116.10 points Mar 2022
Foreign Direct Investment 27192.00 22668.00 ZAR Billion Mar 2022

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).
Actual Previous Highest Lowest Dates Unit Frequency
142629.00 132056.00 295546.00 -241123.00 1960 - 2022 ZAR Million Quarterly
SA

News Stream
South Africa Current Account Surplus Widens in Q1
The current account surplus in South Africa rose to ZAR 143 billion in the first quarter of 2022, from an upwardly revised ZAR 132 billion in the fourth quarter and better than market expectations of ZAR 105 billion. The goods surplus widened to ZAR 360 billion from ZAR 336 billion in the previous period, reflecting a larger increase in the value of merchandise and net gold exports than in the value of merchandise imports, although both at record levels. Meanwhile, the shortfall on the services, income and current transfer account rose to ZAR 217 billion from ZAR 204 billion, as larger deficits on the services and secondary income accounts outweighed a smaller deficit on the primary income account. As a ratio of GDP, the current account surplus rose slightly to 2.2% in the fourth quarter of 2021 from 2.1% in the final quarter of 2021.
2022-06-09
South Africa Current Account Surplus Smaller than Expected
The current account surplus in South Africa shrank to ZAR 120 billion in the fourth quarter of 2021, from a downwardly revised ZAR 216 billion in the third quarter and below market expectations of ZAR 150 billion. It was the smallest current account surplus since a shortfall was recorded in the second quarter of 2020, as the goods surplus narrowed to ZAR 324 billion from ZAR 439 billion in the previous quarter, with imports rising faster than exports. Meanwhile, the shortfall on the services, income and current transfer account fell to ZAR 204 billion from ZAR 222 billion in the third quarter. As a ratio of GDP, the current account surplus narrowed to 1.9% in the fourth quarter of 2021 from 3.5% in the preceding quarter while increasing on an annual basis to 3.7% in 2021 from 2.0% in 2020. The current account surplus more than doubled to ZAR 227 billion in 2021, the largest on record.
2022-03-10
South Africa Current Account Surplus Narrows in Q3
The current account surplus in South Africa shrank to ZAR 226 billion, from a downwardly revised ZAR 311 billion in the second quarter and well below market expectations of ZAR 280 billion, mainly due to a decline in the goods surplus to ZAR 455 billion from ZAR 582 billion in the previous quarter, as exports of goods slumped by 6.7% while imports remained broadly unchanged. Meanwhile, the shortfall on the services, income and current transfer account narrowed to R228 billion from R271 billion in the second quarter. As a ratio of GDP, the current account surplus narrowed to 3.6% in the quarter ended September of 2021 from 5.1% in the prior quarter.
2021-12-09