South Africa’s current account deficit narrowed to ZAR 163.8 billion in the second quarter of 2018 from an downwardly revised ZAR 219.4 billion in the previous period and compared to a market consensus of ZAR 166.5 billion deficit. The trade balance shifted to ZAR 41.9 billion surplus from ZAR 15.2 billion deficit, as exports rose 5.7 percent to ZAR 1192 billion while imports advanced 0.7 percent to ZAR 1151 billion. On the other hand, the shortfall on the services, income and current transfer account went up to ZAR 205.7 billion compared to ZAR 204.2 billion in the first quarter, mainly driven by a larger primary income deficit and service deficit. Current Account in South Africa averaged -28621.29 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
2018-03-20 08:00 AM Current Account ZAR-137B ZAR-99B ZAR-100.5B ZAR -90.0B
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
2018-12-11 08:00 AM Current Account ZAR-163.8B ZAR -180B


South Africa Trade Last Previous Highest Lowest Unit
Balance of Trade -2950.00 8769.00 18730.94 -27100.00 ZAR Million [+]
Exports 113694.50 116758.70 116758.70 55.80 ZAR Million [+]
Imports 116647.00 107989.50 116647.00 66.10 ZAR Million [+]
Current Account -163760.00 -219401.00 15627.00 -246452.00 ZAR Million [+]
Current Account to GDP -2.50 -2.80 6.00 -7.50 percent [+]
External Debt 170811.00 183239.00 183239.00 33262.00 USD Million [+]
Tourist Arrivals 1331118.00 1303293.00 1598893.00 37430.00 [+]
Gold Reserves 125.30 125.30 183.51 123.48 Tonnes [+]
Terrorism Index 4.09 3.53 4.23 0.22 [+]
Weapons Sales 74.00 65.00 235.00 1.00 USD Million [+]
Crude Oil Production 2.00 2.00 58.00 2.00 BBL/D/1K [+]
Foreign Direct Investment 1863.00 1961.00 2101.00 1.00 ZAR Billion [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



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 November of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
-163760.00 -219401.00 15627.00 -246452.00 1960 - 2018 ZAR Million Quarterly
SA




Country Last
Argentina -8292.00 Jun/18
Australia -13472.00 Jun/18
Brazil 31.80 Sep/18
Canada -15880.00 Jun/18
China 160.00 Sep/18
Euro Area 20.49 Aug/18
France -1918.00 Sep/18
Germany 21100.00 Sep/18
India -15807.13 Jun/18
Indonesia -8846.10 Sep/18
Italy 4994.00 Aug/18
Japan 1821.60 Sep/18
Mexico -3882.10 Jun/18
Netherlands 16769.50 Jun/18
Russia 26400.00 Sep/18
Saudi Arabia 19181.00 Jun/18
Singapore 22832.40 Jun/18
South Africa -163760.00 Jun/18
South Korea 10831.40 Sep/18
Spain 1830.00 Aug/18
Switzerland 22143.83 Jun/18
Turkey 1830.00 Sep/18
United Kingdom -20317.00 Jun/18
United States -101460.00 Jun/18


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