The current account surplus in South Africa widened substantially to ZAR 343 billion, from a downwardly revised ZAR 261 billion in the first quarter and beating market expectations of ZAR 305 billion. It was the largest current account surplus since available records began in 1960. The goods surplus expanded to ZAR 613.6 billion from ZAR 450.8 billion in the last quarter, as exports grew to a new all-time high driven by shipments of metal and precious metals, while imports rose slower to its second highest level since the second quarter of 2019. Meanwhile, the shortfall on the services, income and current transfer account rose to ZAR 271 billion from ZAR 190 billion in the first quarter, due to a wider deficit of primary income, while net current transfer payments were little changed. As a ratio of GDP, the current account surplus rose to 5.6% in the quarter ended June of 2021 from 4.3% in the prior quarter. source: South African Reserve Bank

Current Account in South Africa averaged -26820.96 ZAR Million from 1960 until 2021, reaching an all time high of 342780 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 October of 2021.

Current Account in South Africa is expected to be 285000.00 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 -200000.00 ZAR Million in 2022 and -170000.00 ZAR Million in 2023, according to our econometric models.

Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

Please Paste this Code in your Website
width
height
South Africa Current Account


Calendar GMT Actual Previous Consensus TEForecast
2021-06-10 09:00 AM Q1 ZAR267.3B ZAR197.8B ZAR182.1B ZAR 185B
2021-09-09 09:00 AM Q2 ZAR342.8B ZAR261.2B ZAR305.1B ZAR 350B
2021-12-09 09:00 AM Q3 ZAR342.8B ZAR 285B


Related Last Previous Unit Reference
Current Account 342780.00 261154.00 ZAR Million Jun/21
Current Account to GDP 2.20 -3.00 percent of GDP Dec/20
External Debt 170603.00 164726.00 USD Million Jun/21
Terms Of Trade 131.90 126.70 points Jun/21
Foreign Direct Investment 17400.00 6138.00 ZAR Billion Jun/21

News Stream
South Africa Posts Record Current Account Surplus in Q2
The current account surplus in South Africa widened substantially to ZAR 343 billion, from a downwardly revised ZAR 261 billion in the first quarter and beating market expectations of ZAR 305 billion. It was the largest current account surplus since available records began in 1960. The goods surplus expanded to ZAR 613.6 billion from ZAR 450.8 billion in the last quarter, as exports grew to a new all-time high driven by shipments of metal and precious metals, while imports rose slower to its second highest level since the second quarter of 2019. Meanwhile, the shortfall on the services, income and current transfer account rose to ZAR 271 billion from ZAR 190 billion in the first quarter, due to a wider deficit of primary income, while net current transfer payments were little changed. As a ratio of GDP, the current account surplus rose to 5.6% in the quarter ended June of 2021 from 4.3% in the prior quarter.
2021-09-09
South Africa Current Account Surplus Widens to 5% of GDP
The current account surplus in South Africa widened to ZAR 267.3 billion in the first quarter of 2021, from ZAR 197.8 billion in the previous 3-month period and compared with market expectations of a ZAR 182.1 billion surplus. It was the second-largest current account surplus since available records began in 1960. The goods surplus expanded to ZAR 430.5 billion from ZAR 425.2 billion in the last quarter, as exports rose to a new all-time high and imports increased slower. Also, the shortfall on the services, income and current transfer account narrowed to ZAR 163.1 billion from ZAR 227.4 billion, due to a noticeably smaller deficit of the income account, along with a softer decline in the services deficit, while net current transfer payments were little changed. As a ratio of GDP, the current account surplus rose to 5.0% in the quarter ended March of 2021 from 3.7% in the prior quarter.
2021-06-10
South Africa Current Account Surplus Narrows in Q4
The current account surplus in South Africa fell to ZAR 197.8 billion from a downwardly revised ZAR 294.4 billion in the previous period and compared with market expectations of a ZAR 156.5 billion surplus. Still, it was the second-largest current account surplus since available records began in 1960. The goods surplus narrowed to ZAR 425.2 billion from ZAR 450.9 billion in Q3, as imports increased more than exports. Meantime, the shortfall on the services, income and current transfer account increased to ZAR 227.4 billion from ZAR 156.4 billion, due to a noticeably larger shortfall on the income account, while the services deficit decreased somewhat along with a further increase in net current transfer payments. As a ratio of GDP, the current account surplus narrowed to 3.7% in the fourth quarter of 2020 from 5.9% in the third quarter. In 2020, the country's current account shifted to a surplus of ZAR 108 billion compared to a deficit of ZAR 153 billion a year earlier.
2021-03-11

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).