The Current Account Balance Deteriorates Substantially In 2014 Q2

SOUTH AFRICA - Report 09 Sep 2014 by Iraj Abedian
Official figures released today by the South African Reserve Bank (SARB) show that the magnitude of the current account deficit worsened in 2014 Q2, recording a shortfall of R222 billion compared to R161 billion in the preceding quarter – see Table 1. Graph 1 Balance of payments on current account, South Africa, 2013 Q2 – 2014 Q2 Note: Seasonally adjusted and annualized rates. Source: SARB. As shown in Graph 1, the current account deficit (as a percentage of the gross domestic product) widened to 6.2% in 2014 Q2 compared to a deficit of 4.5% in the previous quarter. Graph 1 Current account ...

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