South Africa Current Account  1960-2018 | Data | Chart | Calendar

South Africa's current account deficit increased to ZAR 137.5 billion in the fourth quarter of 2017 from ZAR 99 billion in the previous period. It was the largest current account gap since Q1 2016. The trade surplus decreased to ZAR 74 billion from ZAR 92 billion, as imports advanced 9 percent to ZAR 1173 billion while exports grew only 6 percent to ZAR 1168 billion. Also, the shortfall on service, income and current transfer payments went up to ZAR 211 billion compared to a ZAR 191 billion deficit in Q3. In particular, there was an increase in net dividend payments to non-residents and in net payments for services, namely for transport-related services linked to higher imports and payments for other services, such as intellectual property. In 2017, the current account gap narrowed to ZAR 114 bilion or 2.5 percent of the GDP from ZAR 121 billion or 2.8 percent of the GDP. Current Account in South Africa averaged -27282.35 ZAR Million from 1960 until 2017, 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
2017-09-14 08:00 AM Current Account ZAR-110.5B ZAR-91B ZAR-87.3B ZAR -95B
2017-12-14 08:00 AM Current Account ZAR -109.0B ZAR -111.0B ZAR -92B ZAR -88.1B
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-137B ZAR-177B ZAR -99.0B
2018-09-13 08:00 AM Current Account ZAR -122.3B
2018-12-11 08:00 AM Current Account ZAR -96.5B


South Africa Trade Last Previous Highest Lowest Unit
Balance of Trade 1140.00 9303.00 18730.94 -27100.00 ZAR Million [+]
Exports 88498.00 98287.10 116185.90 55.80 ZAR Million [+]
Imports 87357.00 88812.60 110258.82 66.10 ZAR Million [+]
Current Account -137455.00 -98714.00 15627.00 -246452.00 ZAR Million [+]
Current Account to GDP -2.50 -2.80 6.00 -7.50 percent [+]
External Debt 173319.00 163311.00 173319.00 33262.00 USD Million [+]
Tourist Arrivals 1298709.00 1317875.00 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 1850.00 1916.00 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 June of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
-137455.00 -98714.00 15627.00 -246452.00 1960 - 2017 ZAR Million Quarterly
SA




current account by Country
Country Last
Australia -10469.00 Mar/18
Brazil 620.00 Apr/18
Canada -19496.00 Mar/18
China -282.00 Mar/18
Euro Area 26.20 Apr/18
France -1146.00 Apr/18
Germany 22700.00 Apr/18
India -13000.00 Mar/18
Indonesia -5500.00 Mar/18
Italy 3009.00 Apr/18
Japan 1845.10 Apr/18
Mexico -6940.80 Mar/18
Netherlands 20903.90 Dec/17
Russia 28800.00 Mar/18
South Korea 1770.00 Apr/18
Spain 904.00 Mar/18
Switzerland 19679.42 Dec/17
Turkey -5426.00 Apr/18
United Kingdom -18443.00 Dec/17
United States -124105.00 Mar/18


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