South Africa Current Account to GDP


South Africa recorded a Current Account deficit of 3.30 percent of the country’s Gross Domestic Product in 2016. Current Account to GDP in South Africa averaged -1.58 percent from 1963 until 2016, reaching an all time high of 6 percent in 1987 and a record low of -7.50 percent in 1971.


South Africa Current Account to GDP

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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. South Africa Current Account to GDP – actual data, historical chart and calendar of releases – was last updated on March of 2017.