South Africa current account to gdp

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South Africa current account to gdp: -1.6 (220%)
Last Update: December 31, 2023

South Africa current account to gdp closed down -1.6 as of December 31, 2023 from -0.5 from the previous month and -2.3 from last year.


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South Africa current account to gdp closing prices of the last 24 values are displayed below. Sign up free to download the full historical data series using MacroVar Web/Excel or API.

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South Africa current account to gdp

Date Values
2023-12-31 -1.6
2022-12-31 -0.5
2021-12-31 3.7
2020-12-31 2
2019-12-31 -3
2018-12-31 -3.5
2017-12-31 -2.5
2016-12-31 -2.9
2015-12-31 -4.4
2014-12-31 -5.4
2013-12-31 -5.8
2012-12-31 -5.2
2011-12-31 -2.3
2010-12-31 -2
2009-12-31 -4
2008-12-31 -7.2
2007-12-31 -7
2006-12-31 -5.3
2005-12-31 -3.5
2004-12-31 -3
2003-12-31 -1
2002-12-31 0.8
2001-12-31 0.3
2000-12-31 -0.1

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South Africa current account to gdp Statistics


Indicator Symbol Actual Previous M/M% Y/Y% Trend Slope Percentile Update
current account to gdp za.currentaccountgdp -1.6 -0.5 220 -30 UP UP 0 2023-12-31

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South Africa current account to gdp Historical Data

The MacroVar database offers free access to historical data for the South Africa current account to gdp, dating back to 1950. This extensive dataset is readily available through MacroVar versatile platforms, including a user-friendly web interface, a robust Python API, and convenient Excel integration. By leveraging these tools, users can efficiently retrieve and analyze decades of South Africa current account to gdp data, supporting a wide range of research, financial analysis, and decision-making processes.

What is the South Africa current account to gdp

The current account to GDP ratio in South Africa measures the country's ability to finance its imports and exports through its economic output. A negative current account balance indicates that the country is spending more on imports than it is earning through exports, which can put pressure on the country's currency and overall economic stability. Conversely, a positive current account balance indicates that the country is earning more from exports than it is spending on imports, which can contribute to economic growth and stability. Monitoring and managing the current account to GDP ratio is important for South Africa to ensure a sustainable balance of trade and maintain a healthy economy.

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