South Africa has had a negative current account balance to GDP for last 8 years and it reached the highest level of -1.5% in 2010. The lowest level of the current account balance as a percentage of GDP was observed in 2013 followed by the growth up to 2016. IMF who gives a forecast beyond 2018 predicts current account balance to stay around the level of -3.5% until 2021.
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World in 2020
Access and compare forecasts for more than 50 indicators related to a country’s economic, demographic, and energy futures from leading international institutions. Assess the historic quality of forecasts with our Forecast Accuracy Tracking Tool™ and select the most accurate forecast to support your analysis.