The Current Account Deficit Remains in Place

SOUTH AFRICA - Report 23 Jun 2015 by Iraj Abedian
After having eased to 5.1% of the gross domestic product in Q4 2014, the deficit on the current account narrowed further, to 4.8% in Q1 2015 (see Graph 1). Graph 1 Current account balance, South Africa, 2010 Q1- 2015 Q1 Notes: (1) The data is seasonally adjusted and annualized.(2) Current account balance equals trade balance plus net services, income and current transfer payments.Source: SARB. According to official figures released by the South African Reserve Bank (SARB), the outcome was a function of a trimmed trade balance shortfall of R189 billion (from minus R223 billion and minus R198...

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.