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.

South Africa Current Account
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Calendar GMT Actual Previous Consensus TEForecast
2018-06-21 08:00 AM Current Account ZAR-229B ZAR-137B ZAR-177B ZAR -99.0B
2018-09-06 09:00 AM Current Account ZAR-163.8B ZAR-219.4B ZAR-166.5B ZAR -122.3B
2018-12-06 09:00 AM Current Account ZAR-176.6B ZAR-167.4B ZAR-176B ZAR -180B
2019-03-07 09:00 AM Current Account ZAR-110.2B ZAR-180.4B ZAR-162.5B ZAR -93B
2019-06-06 09:00 AM Current Account ZAR-110.2B ZAR 8.4B
2019-09-05 09:00 AM Current Account ZAR 10B
2019-12-05 09:00 AM Current Account


South Africa Trade Last Previous Highest Lowest Unit
Balance of Trade 5004.63 3867.19 17164.95 -26947.43 ZAR Million [+]
Current Account -110158.00 -180404.00 15627.00 -246452.00 ZAR Million [+]
Current Account to GDP -3.50 -2.50 6.00 -7.50 percent [+]
Imports 100401.54 94210.94 125808.00 66.10 ZAR Million [+]
Exports 105406.17 98078.13 119962.08 55.80 ZAR Million [+]
External Debt 172384.00 168147.00 183239.00 33262.00 USD Million [+]
Tourist Arrivals 1205901.00 1561510.00 1598893.00 37430.00 [+]
Gold Reserves 125.30 125.30 183.51 123.48 Tonnes [+]
Terms Of Trade 102.30 105.00 109.50 42.20 Index Points [+]
Terrorism Index 4.26 4.09 4.26 0.22 [+]
Weapons Sales 74.00 65.00 235.00 1.00 USD Million [+]
Crude Oil Production 1.00 1.00 58.00 1.00 BBL/D/1K [+]
Foreign Direct Investment 1854.00 1885.00 2101.00 1.00 ZAR Billion [+]

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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). 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 - actual data, historical chart and calendar of releases - was last updated on May of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-110158.00 -180404.00 15627.00 -246452.00 1960 - 2018 ZAR Million Quarterly
SA




Country Last Previous
Argentina -2317.00 Dec/18
Australia -7203.00 Dec/18
Brazil -494.20 Mar/19
Canada -15483.00 Dec/18
China 586.00 Mar/19
Euro Area 35.10 Mar/19
France -1263.00 Mar/19
Germany 30217.35 Mar/19
India -16899.55 Dec/18
Indonesia -6966.00 Mar/19
Italy 4040.10 Mar/19
Japan 2847.87 Mar/19
Mexico -3424.00 Dec/18
Netherlands 27505.30 Dec/18
Russia 32800.00 Mar/19
Saudi Arabia 18521.00 Dec/18
Singapore 20296.50 Mar/19
South Africa -110158.00 Dec/18
South Korea 4820.00 Mar/19
Spain -2769.00 Feb/19
Switzerland 15181.70 Dec/18
Turkey -589.00 Mar/19
United Kingdom -23707.00 Dec/18
United States -134377.00 Dec/18


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