Balance of payments: current account of the balance of payments: Fourth quarter 2023

From resbank.co.za

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 third quarter of 2023 to R88.1 billion in the fourth quarter as the value of ... (full story)