South Africa Current Account  1960-2017 | Data | Chart | Calendar

South Africa's current account deficit narrowed to ZAR 76 billion (1.7 percent of GDP) in the fourth quarter of 2016, compared to a downwardly revised ZAR 166 billion (3.8 percent of GDP) in the previous period while market expected ZAR 147 billion. It was the lowest shortfall since the second quarter of 2011. Trade balance shifted to ZAR 56 billion surplus from ZAR 7 billion gap. Exports went up 3.7 percent, alongside improved demand for domestically produced goods and higher commodity prices. In contrast, imports fell 1.9 percent, as domestic demand remained subdued. The shortfall on the services, income and current transfer account declined to ZAR 132 billion from ZAR 159 billion, as the net income deficit narrowed following a notable increase in dividend receipts from abroad. In 2016, current account gap narrowed to 3.3 percent of GDP from 4.4 percent in 2015. Current Account in South Africa averaged -26028.01 ZAR Million from 1960 until 2016, reaching an all time high of 15627 ZAR Million in the fourth quarter of 2002 and a record low of -241786 ZAR Million in the third quarter of 2013.

South Africa Current Account
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Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-09-13 08:00 AM Q2 ZAR -134.0B ZAR -221B ZAR -156.5B ZAR -189.4B
2016-12-09 08:00 AM Q3 ZAR -176B ZAR -123B ZAR -155B ZAR -162.7B
2017-03-22 08:00 AM Q4 ZAR-76B ZAR -166B ZAR-147B ZAR-180B
2017-06-20 08:00 AM Q1 ZAR-76B ZAR -113.4B
2017-09-12 08:00 AM Q2 ZAR -75.3B
2017-12-11 08:00 AM Q3 ZAR -105.2B




South Africa Trade Last Previous Highest Lowest Unit
Balance of Trade 11435.19 4788.80 18730.94 -23426.17 ZAR Million [+]
Exports 101234.19 87269.50 105163.26 55.80 ZAR Million [+]
Imports 89798.99 82480.68 110258.82 66.10 ZAR Million [+]
Current Account -76438.00 -165718.00 15627.00 -241786.00 ZAR Million [+]
Current Account to GDP -3.30 -4.40 6.00 -7.50 percent [+]
External Debt 142833.00 141530.00 145082.00 33262.00 USD Million [+]
Tourist Arrivals 1180301.00 1558854.00 1558854.00 37430.00 [+]
Gold Reserves 125.25 125.25 183.51 123.48 Tonnes [+]
Terrorism Index 3.53 4.23 4.23 0.22 [+]
Weapons Sales 39.00 59.00 235.00 1.00 USD Million [+]
Crude Oil Production 2.00 2.00 58.00 2.00 BBL/D/1K [+]
Foreign Direct Investment 1873.00 1958.00 2089.00 1.00 ZAR Billion [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



South Africa Current Account Notes

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 May of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
-76438.00 -165718.00 15627.00 -241786.00 1960 - 2016 ZAR Million Quarterly
SA



current account by Country

Last
Australia -3853.00 Dec/16
Brazil 1152.80 Apr/17
Canada -10726.00 Dec/16
China 190.00 Mar/17
Euro Area 44.80 Mar/17
France -3032.00 Mar/17
Germany 30200.00 Mar/17
India -7900.00 Dec/16
Indonesia -2397.00 Mar/17
Italy 3121.40 Mar/17
Japan 2907.70 Mar/17
Mexico -3362.67 Dec/16
Netherlands 17897.70 Dec/16
Russia 22800.00 Mar/17
South Korea 5930.00 Mar/17
Spain -223.00 Feb/17
Switzerland 22022.94 Dec/16
Turkey -3057.00 Mar/17
United Kingdom -12088.00 Dec/16
United States -112382.00 Dec/16