Current Account in South Africa

South Africa Current Account | Economic News & Forecasts

South Africa - Current Account

South Africa’s economy has, slowly but surely, been on the mend since last year’s short-lived recession, but a number of potential setbacks threaten its further recovery. On the heels of last year’s household spending- and net export-led fourth quarter, available first-quarter indicators have been downbeat; lower inflation has done little to bolster retail sales, while dwindling business confidence and feeble manufacturing output hint at another round of foregone outlays on machinery and equipment. More recently, however, Moody’s upheld its investment-grade credit rating on 2 April. That said, rolling blackouts—testament to Eskom’s mismanagement—and general elections scheduled for 8 May are each taking their toll. President Cyril Ramaphosa’s market-friendly reforms will be on the line, although opinion polls suggest that his African National Congress should secure another majority.

South Africa - Current Account Data

2013  2014  2015  2016  2017  
Current Account (% of GDP)-5.8  -5.1  -4.6  -2.8  -2.5  

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South Africa Current Account Chart


South Africa Current Account
Note: Current account balance as % of GDP.
Source: South African Reserve Bank and Met the why particular calculations.

South Africa Facts

ValueChangeDate
Bond Yield8.470.29 %Apr 18
Exchange Rate14.18-0.21 %Apr 22
Stock Market0.5-0.44 %Apr 22

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