SA Current Account
It’s a leading indicator of consumer demand – a rising surplus indicates that foreigners are buying more of the country's resources;
- SA Current Account Graph
- History
Expected Impact / Date | Actual | Forecast | Previous |
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Sep 5, 2024 | -65B | -70B | -107B |
Jun 6, 2024 | -85B | -88B | -163B |
Mar 7, 2024 | -166B | -86B | -34B |
Dec 7, 2023 | -19B | -114B | -185B |
Sep 7, 2023 | -161B | -164B | -66B |
Jun 8, 2023 | -66B | -183B | -155B |
Mar 9, 2023 | -174B | -185B | 3B |
Dec 8, 2022 | -18B | -86B | -107B |
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- SA Current Account News
The deficit on the current account of the balance of payments narrowed noticeably to R64.6 billion in the second quarter of 2024 from a revised R106.9 billion in the first quarter. The current account deficit as a ratio of gross domestic product (GDP) narrowed further to 0.9% in the second quarter of 2024 from 1.5% in the first quarter. South Africa’s trade surplus widened further from R165.8 billion in the first quarter of 2024 to R187.4 billion in the second quarter as the value of goods exports increased more than that of ...
The deficit on the current account of the balance of payments narrowed noticeably to R84.6 billion in the first quarter of 2024 from a revised R162.9 billion in the fourth quarter of 2023. The current account deficit as a ratio of gross domestic product (GDP) narrowed to 1.2% in the first quarter of 2024 from 2.3% in the fourth quarter of 2023. South Africa’s trade surplus widened from R90.9 billion in the fourth quarter of 2023 to R183.4 billion in the first quarter of 2024 as the value of goods exports increased marginally while ...
The deficit on the current account of the balance of payments widened noticeably to R165.5 billion in the fourth quarter of 2023 from a revised R34.4 billion in the third quarter. The current account deficit as a ratio of gross domestic product (GDP) widened to 2.3% in the fourth quarter of 2023 from 0.5% in the third quarter. On an annual basis, the deficit on the current account widened to R112.5 billion (1.6% of GDP) in 2023 from R30.0 billion (0.5% of GDP) in 2022. South Africa’s trade surplus narrowed from R181.1 billion in the ...
South Africa’s current account deficit shrank by much more than expected in the third quarter, reflecting lower import volumes amid weaker demand and logistics bottlenecks. The deficit on the current account, the broadest measure of trade in goods and services, shrank to an annualized 0.3% of gross domestic product, or 19.3 billion rand ($1 billion), from a revised 2.7% of GDP in the prior quarter, the South African Reserve Bank said in a statement Thursday. The consensus of nine economists in a Bloomberg survey was for a deficit of ...
The deficit on the current account of the balance of payments narrowed to R19.3 billion in the third quarter of 2023 from a revised R185.2 billion in the second quarter. The current account deficit as a ratio of gross domestic product (GDP) narrowed to 0.3% in the third quarter of 2023 from 2.7% in the second quarter. South Africa’s trade surplus widened from R22.2 billion in the second quarter of 2023 to R189.1 billion in the third quarter as the value of merchandise imports decreased more than that of goods exports. The decrease in ...
The deficit on the current account of the balance of payments widened to R160.7 billion in the second quarter of 2023 from a revised R63.7 billion in the first quarter. The current account deficit as a ratio of gross domestic product (GDP) widened to 2.3% in the second quarter of 2023 from 0.9% in the first quarter. South Africa’s trade surplus narrowed from R110.6 billion in the first quarter of 2023 to R31.1 billion in the second quarter as the value of merchandise imports increased while that of goods exports declined. The ...
The deficit on the current account of the balance of payments narrowed to R66.2 billion in the first quarter of 2023 from a revised R155 billion in the fourth quarter of 2022. The current account deficit as a ratio of gross domestic product (GDP) narrowed to 1.0% in the first quarter of 2023 from 2.3% in the preceding quarter. South Africa’s trade surplus widened from R34.2 billion in the fourth quarter of 2022 to R103 billion in the first quarter of 2023 as the value of goods exports increased more than that of merchandise imports. ...
The balance on the current account of the balance of payments switched to a deficit of R174 billion (2.6% of GDP) in the fourth quarter of 2022 from a revised surplus of R3.1 billion in the third quarter. On an annual basis, the balance of the current account switched to a deficit of R31.8 billion (0.5% of GDP) in 2022 from a surplus of R228 billion (3.7% of GDP) in 2021 – the first annual deficit since 2019. South Africa’s trade surplus narrowed from R249 billion in the third quarter of 2022 to R12.2 billion in the fourth quarter as ...
Released on Sep 5, 2024 |
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Released on Jun 6, 2024 |
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Released on Mar 7, 2024 |
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Released on Dec 7, 2023 |
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Released on Sep 7, 2023 |
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Released on Jun 8, 2023 |
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Released on Mar 9, 2023 |
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