South Africa Current Account to GDP
South Africa recorded a Current Account deficit of 5.80 percent of the country's Gross Domestic Product in 2013. Current Account to GDP in South Africa averaged -1.41 Percent from 1963 until 2013, reaching an all time high of 6 Percent in 1987 and a record low of -7.50 Percent in 1971. Current Account to GDP in South Africa is reported by the South Africa Reserve Bank.
||1963 - 2013
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. This page provides - South Africa Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.