South Africa Crude Oil Production - Forecast

Crude Oil Production in South Africa is expected to be 2.00 BBL/D/1K by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Crude Oil Production in South Africa to stand at 2.00 in 12 months time. In the long-term, the South Africa Crude Oil Production is projected to trend around 5.00 BBL/D/1K in 2020, according to our econometric models.


South Africa Crude Oil Production
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South Africa Trade Last Q2/18 Q3/18 Q4/18 Q1/19 2020
Balance of Trade 1140 7973 5599 472 4540 -1700
Exports 88498 97211 95596 98513 94526 99742
Imports 87357 89238 89998 98041 89986 101442
Current Account -137455 -122300 -96528 -93000 -97534 -159000
Current Account to GDP -2.5 -2.3 -2.3 -2.3 -2.7 -3.2
External Debt 173319 179031 181117 158000 182946 166000
Tourist Arrivals 1317875 1337900 1348800 1368527 1353200 1518528
Gold Reserves 125 125 125 125 125 125
Terrorism Index 4.09 4.37 4.51 4.64 4.91 5.45
Weapons Sales 74 74 74 74 74 74
Crude Oil Production 2 2 3 3 2 5
Foreign Direct Investment 1850 1852 1903 1853 1901 1862