South Africa’s Current Account Balance To Deteriorate In 2018

Market Commentary, Market Insights

South Africa’s (EZA) current account balance narrowed modestly in 2017 from 2.8% of GDP in 2016 (calendar) to 2.5%. The narrowing in the country’s current account deficit was due to the widening in the country’s trade surplus from ZAR 35bn in 2016 to ZAR 69bn in 2017 or roughly 1.5% of GDP.

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