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 December of 2021.

Current Account to GDP in South Africa is expected to reach 3.80 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 -0.60 percent of GDP in 2022 and -1.80 percent of GDP in 2023, according to our econometric models.

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South Africa Current Account to GDP

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 164741.00 USD Million Jun/21
Terms Of Trade 131.90 126.20 points Jun/21
Foreign Direct Investment 17422.00 6138.00 ZAR Billion Jun/21
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.