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South Africa Current Account

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South Africa Current Account

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Status

 
Latest Release
Dec 05, 2024
Actual
-70.8B
Previous
-75.3B
Balance of payments is a set of accounts recording all economic transactions between the residents of the country and the rest of the world in a given period of time, usually one year. Payments into the country are called credits, payments out of the country are called debits. There are three main components of a balance of payments: - current account - capital account - financial account Either a surplus or a deficit can be shown in any of these components. Current account records the values of the following: - trade balance, export and imports of goods and services - income payments and expenditure,interest, dividends, salaries - unilateral transfers, aid, taxes, one-way gifts It shows how a country deals with the global economy on a non-investment basis. Balance of payments shows strengths and weaknesses in a country's economy and theref helps to achieve balanced economic growth.
Importance:
Country:
Currency: ZAR
Source: South African Reserve Bank
South Africa Current Account
 
Release Date Time Actual Forecast Previous
Dec 05, 2024 (Q3) 04:00 -70.8B   -75.3B
Sep 05, 2024 (Q2) 04:00 -64.6B   -106.9B
Jun 06, 2024 (Q1) 04:00 -84.6B   -162.9B
Mar 07, 2024 04:00 -165.5B -92.0B -34.4B
Dec 07, 2023 (Q3) 04:00 -19.3B -111.2B -185.2B
Sep 07, 2023 (Q2) 04:00 -160.7B -178.4B -63.7B

Analysis

Marc Chandler
Emerging Markets: Week Ahead 06-18-18 — 06-22-18 By Marc Chandler - Jun 18, 2018

from my colleague Dr. Win ThinEM FX was mixed on Friday but capped off a largely losing week. MYR, CLP, and CNY were the best performers over the last week, while ARS, TRY, and ZAR were the worst. We...

Marc Chandler
EM Week Ahead: 2 Disruptive Events Still In Play By Marc Chandler - Jun 13, 2016

Emerging Markets ended last week under pressure. With two potentially disruptive events (FOMC meeting and Brexit vote) still in play, we think that EM softness should carry over into this week. ...

Current Account Discussion

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