South Africa’s current account deficit narrows to 2.3% of GDP

SOUTH AFRICA - Report 14 Dec 2017 by Iraj Abedian

The surplus on the South African trade balance widened once again during the third quarter of 2017, a trend that started during the last quarter of 2016, making it the fourth consecutive quarter of a trade surplus growth. The trade surplus increased to R71 billion during the quarter from R64 billion in the second quarter of 2017. This came on the back of the decreased value of both merchandise exports and imports, but with the value of merchandise imports decreasing more than that of merchandise exports. On the other hand, the deficit on the services, income and current transfer account widened for the third straight quarter to R180 billion from R175 billion during the period.

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