Current Account to GDP in South Africa increased to 2.20 percent in 2020 from -3 percent in 2019. source: South African Reserve Bank

Current Account to GDP in South Africa averaged -1.58 percent from 1963 until 2020, 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 September of 2021.

Current Account to GDP in South Africa is expected to reach 2.80 percent of GDP by the end of 2021, 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 -0.40 percent of GDP in 2022 and -1.20 percent of GDP in 2023, according to our econometric models.

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South Africa Current Account to GDP

Actual Previous Highest Lowest Dates Unit Frequency
2.20 -3.00 6.00 -7.50 1963 - 2020 percent of GDP Yearly

South Africa Trade Last Previous Highest Lowest Unit
Balance of Trade 36963.95 54481.23 54481.23 -36098.28 ZAR Million [+]
Current Account 342780.00 261154.00 342780.00 -241123.00 ZAR Million [+]
Current Account to GDP 2.20 -3.00 6.00 -7.50 percent of GDP [+]
Imports 108044.35 108853.65 125881.90 66.10 ZAR Million [+]
Exports 145008.30 163334.88 168185.07 55.80 ZAR Million [+]
External Debt 164726.00 170393.00 185357.00 33262.00 USD Million [+]
Tourist Arrivals 258521.00 248314.00 1598893.00 29341.00 [+]
Gold Reserves 125.35 125.35 183.51 123.48 Tonnes [+]
Weapons Sales 37.00 142.00 235.00 0.00 SIPRI TIV Million [+]
Terms Of Trade 131.90 126.70 131.90 42.20 points [+]
Terrorism Index 4.36 4.51 4.51 0.22 [+]
Foreign Direct Investment 6138.00 16010.00 52712.00 -13910.00 ZAR Billion [+]

South Africa Current Account to GDP
The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes.