Further improvement in South Africa’s terms of trade leads to the narrowing of the current account deficit

SOUTH AFRICA - Report 05 Sep 2024 by Iraj Abedian

A welcome economic metric for South Africa came out today as data released by the South African Reserve Bank (SARB) indicates that the deficit on the country’s current account of the balance of payments narrowed markedly in the second quarter of 2024. The deficit on the current account declined from R106.9 billion in the first quarter to R64.6 billion in the second quarter. Accordingly, the current account deficit narrowed further from 1.5% to 0.9% in the second quarter of 2024 as a ratio of GDP.

Now read on...

Register to sample a report

Register
Sign-in
Forgot your password?
Copyright 2024 GlobalSource Partners. All rights reserved. This report is prepared for GlobalSource Partners’ clients and may not be redistributed, reproduced, stored in a retrieval system, retransmitted or disclosed, in whole or in part, or in any form or manner, without the express written consent of GlobalSource Partners. This report is distributed simultaneously to our website and other portals used by GlobalSource Partners. The information herein was obtained from various sources and is believed to be reliable but GlobalSource Partners does not warrant its completeness or accuracy. Neither GlobalSource Partners nor any Country Analyst, officer or employee accepts any liability whatsoever for any direct, indirect or consequential damages or losses rising from any use of this report or its contents.