South Africa Crude Oil Production  Forecast


Crude Oil Production in South Africa is expected to be 4.07 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 6.98 in 12 months time. In the long-term, the South Africa Crude Oil Production is projected to trend around 11.79 BBL/D/1K in 2020, according to our econometric models.


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South Africa Trade Last Q4/17 Q1/18 Q2/18 Q3/18 2020
Balance of Trade 5941 -6639 3004 1992 1332 -1700
Exports 103377 90804 100436 100047 99790 99742
Imports 97436 97443 91900 91668 91425 101442
Current Account -110457 -89000 -99000 -102000 -94392 -159000
Current Account to GDP -3.3 -3.2 -3.4 -3.4 -1.86 -3.1
External Debt 158533 153000 164179 164570 164625 166000
Tourist Arrivals 1347125 1340509 1273100 1266900 1262100 1518528
Gold Reserves 125 127 128 128 129 131
Terrorism Index 3.53 2.42 2.18 1.93 1.69 1.99
Weapons Sales 59 60.74 57.49 57.79 58.09 58.4
Crude Oil Production 2 4.07 5.14 6.1 6.98 11.79
Foreign Direct Investment 1830 1801 1798 1796 1793 1770