The current account deficit in South Africa widened to ZAR 177 billion in the third quarter of 2018 from an upwardly revised ZAR 167 billion in the previous period and compared to market expectations of ZAR 176 billion. It is equivalent to 3.5 percent of the GDP, compared to 3.4 percent in the previous quarter. The goods and services surplus narrowed sharply to ZAR 3 billion from ZAR 33 billion as imports increased faster than exports in both volume and price. On the other hand, the primary income gap declined to ZAR 149 billion from ZAR 167 billion and the secondary income deficit narrowed to ZAR 30 billion from ZAR 34 billion. Current Account in South Africa averaged -29266.29 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
2018-12-06 09:00 AM Current Account ZAR-176.6B ZAR-167.4B ZAR-176B ZAR -180B
2019-03-20 08:00 AM Current Account ZAR-176.6B ZAR -93B
2019-06-21 08:00 AM Current Account ZAR -186B
2019-09-06 09:00 AM Current Account ZAR -178.2B


South Africa Trade Last Previous Highest Lowest Unit
Balance of Trade -5549.90 -3826.40 18730.94 -27100.00 ZAR Million [+]
Current Account -176577.00 -167380.00 15627.00 -246452.00 ZAR Million [+]
Current Account to GDP -2.50 -2.80 6.00 -7.50 percent [+]
Imports 127873.80 116618.40 127873.80 66.10 ZAR Million [+]
Exports 122323.90 112792.10 122323.90 55.80 ZAR Million [+]
External Debt 170811.00 183239.00 183239.00 33262.00 USD Million [+]
Tourist Arrivals 1293615.00 1331118.00 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 December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
-176577.00 -167380.00 15627.00 -246452.00 1960 - 2018 ZAR Million Quarterly
SA




Country Last Previous
Argentina -8292.00 Jun/18
Australia -10688.00 Sep/18
Brazil 329.00 Oct/18
Canada -10343.00 Sep/18
China 160.00 Sep/18
Euro Area 24.07 Sep/18
France -684.00 Oct/18
Germany 15900.00 Oct/18
India -19100.00 Sep/18
Indonesia -8846.10 Sep/18
Italy 3154.00 Sep/18
Japan 1309.90 Oct/18
Mexico -5081.50 Sep/18
Netherlands 16769.50 Jun/18
Russia 26400.00 Sep/18
Saudi Arabia 19181.00 Jun/18
Singapore 23400.20 Sep/18
South Africa -176577.00 Sep/18
South Korea 9190.00 Oct/18
Spain 899.00 Sep/18
Switzerland 22143.83 Jun/18
Turkey 2770.00 Oct/18
United Kingdom -20317.00 Jun/18
United States -101460.00 Jun/18


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