South Africa recorded a Current Account deficit of 3 percent of the country's Gross Domestic Product in 2019.
Current Account to GDP in South Africa averaged -1.64 percent from 1963 until 2019, reaching an all time high of 6 percent in 1987 and a record low of -7.50 percent in 1971. This page provides - South Africa Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. South Africa Current Account to GDP - values, historical data and charts - was last updated on August of 2020. source: South African Reserve Bank
Current Account to GDP in South Africa is expected to reach -6.70 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the South Africa Current Account to GDP is projected to trend around -4.30 percent in 2021 and -3.70 percent in 2022, according to our econometric models.