South Africa Current Account Balance: % of GDP

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

• South Africa Current Account deficit accounted for 0.4 % of the country's Nominal GDP in Dec 2024, compared with a 0.8 % deficit in the previous quarter.
• South Africa Current Account Balance: % of Nominal GDP data is updated quarterly, available from Mar 1960 to Dec 2024, with an average value of -0.9 %.
• The data reached an all-time high of 13.0 % in Mar 1980 and a record low of -9.6 % in Mar 1971.

CEIC calculates Current Account Balance as % of Nominal GDP from quarterly Current Account Balance and quarterly Nominal GDP. South African Reserve Bank provides Current Account Balance in local currency and Nominal GDP in local currency.


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

• In the latest reports of South Africa, Current Account recorded a deficit of 932.5 USD mn in Mar 2023.
• Foreign Direct Investment (FDI) fell by 180.4 USD mn in Sep 2024.
• South Africa Direct Investment Abroad fell by 955.2 USD mn in Sep 2024.
• Its Foreign Portfolio Investment increased by 2.5 USD bn in Sep 2024.
• 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 Dec 2024 in the chart:

What was South Africa's Current Account Balance: % of GDP in Dec 2024?

South Africa Current Account deficit accounted for 0.4 % of the country's Nominal GDP in Dec 2024, compared with a 0.8 % deficit in the previous quarter. See the table below for more data.

Last	Previous	Min	Max	Unit	Frequency	Range
-0.4 Dec 2024	-0.8 Sep 2024	-9.6 Mar 1971	13.0 Mar 1980	%	quarterly	Mar 1960 - Dec 2024

Current Account Balance: % of GDP by Country Comparison

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