South Africa Current Account Balance: % of GDP

Key information about South Africa Current Account Balance: % of GDP

• South Africa Current Account deficit accounted for 0.9 % of the country's Nominal GDP in Mar 2023, compared with a 2.3 % deficit in the previous quarter.
• South Africa Current Account Balance: % of Nominal GDP data is updated quarterly, available from Mar 1960 to Mar 2023, with an average value of -1.0 %.
• The data reached an all-time high of 13.0 % in Mar 1980 and a record low of -9.6 % in Mar 1971.

• In the latest reports of South Africa, Current Account recorded a deficit of 932.5 USD mn in Mar 2023.
• Foreign Direct Investment (FDI) increased by 29.2 USD mn in Mar 2023.
• South Africa Direct Investment Abroad fell by 690.7 USD mn in Mar 2023.
• Its Foreign Portfolio Investment fell by 1.8 USD bn in Mar 2023.
• The country's Nominal GDP was reported at 95.9 USD bn in Mar 2023.

View South Africa's Current Account Balance: % of GDP from Mar 1960 to Mar 2023 in the chart:

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What was South Africa's Current Account Balance: % of GDP in Mar 2023?

South Africa Current Account deficit accounted for 0.9 % of the country's Nominal GDP in Mar 2023, compared with a 2.3 % deficit in the previous quarter. See the table below for more data.

Current Account Balance: % of GDP by Country Comparison

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