SA Balance of payments: Current account: Third quarter 2024

From resbank.co.za

The deficit on the current account of the balance of payments narrowed to R70.8 billion in the third quarter of 2024 from a revised R75.3 billion in the second quarter. The current account deficit as a ratio of gross domestic product (GDP) remained broadly unchanged at 1.0% from the second quarter of 2024 to the third quarter. South Africa’s trade surplus narrowed slightly from R179.5 billion in the second quarter of 2024 to R177.0 billion in the third quarter as the value of goods exports decreased more than that of merchandise imports. The decrease in the value of exports and imports of goods and services in the ... (full story)