South Africa

South Africa Current Account

South Africa Current Account

Current Account Balance in South Africa

The current account balance in South Africa averaged -2.0% of GDP in the decade to 2022, in line with the Sub-Saharan Africa average of -2.5% of GDP. The 2022 reading was -0.5% of GDP. For more current account information, visit our dedicated page.

South Africa Current Account Chart

Note: This chart displays Current Account (% of GDP) for South Africa from 2013 to 2022.
Source: South African Reserve Bank.

South Africa Current Account Data

2018 2019 2020 2021 2022
Current Account Balance (% of GDP) -2.9 -2.6 1.9 3.7 -0.5
Current Account Balance (USD bn) -11.9 -10.1 6.6 15.3 -1.8
Consensus Forecasts and Projections for the next ten years

How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects South African current account projections for the next ten years from a panel of 21 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable current account forecast available for South African current account.

Download one of our sample reports to visualize what a Consensus Forecast is and see our South African current account projections.

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