The Current Account Deficit Widens in the First Quarter of 2017

SOUTH AFRICA - Report 20 Jun 2017 by Iraj Abedian

Despite the South African trade surplus’ being sustained for the second consecutive quarter in Jan-Mar 2017 (registering R57 billion in first quarter of 2017 and R56 billion in the final quarter of 2016), the deficit of the current account balance widened from R76 billion in the last quarter of 2016 to R92 billion in the first quarter of 2017. This translated into the deficit’s widening from 1.7% to 2.1% as a percentage of GDP. The widening of the deficit was due to the increase in the shortfall in the services, income and current transfer account from R132 billion in the last quarter of 2016 to R149 billion during the first quarter of 2017.

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.