Impact of COVID-19 on projected current account balance in South Africa 2020-2021

Published by
Natalie Cowling,
Apr 26, 2023
The coronavirus (COVID-19) pandemic was anticipated to have a slightly negative effect on the current account of South Africa. Under a worst-case scenario, where the pandemic persists through December 2020, the current account deficit for the same year was projected to be minus 3.9 percent of the GDP. In comparison, the outlook before coronavirus was at minus 3.7 percent of the GDP. Similarly, previous to the pandemic, a deficit of 3.4 percent of the GDP was projected for 2021. However, the deficit was reviewed to 3.7 percent of GDP, considering the worst-case scenario.

Impact of coronavirus (COVID-19) on projected current account balance in South Africa in 2020 and 2021

© Statista 2024
Download
Show detailed source information?
Register for free
Already a member?
Log in
Source

Use Ask Statista Research Service

Release date

June 2020

Region

South Africa

Survey time period

June 2020

Supplementary notes

Assumptions:
1) Baseline scenario: pandemic subsides in July 2020
2) Worst-case scenario: pandemic continues to December 2020

Citation formats
Access all statistics starting from $2,388 USD yearly *

* For commercial use only

Basic Account

For single users
$0 USD
Always free
Access limited to Free Statistics. Premium Statistics are not included.
  • Free Statistics
Based on your interests

Starter Account

For single users
$199 USD
per month, billed annually 1
Buy now
  • Free Statistics
  • Premium Statistics

    • The statistic on this page is a Premium Statistic and is included in this account.

Professional Account

For teams of up to 5 people
$959 USD
per month, billed annually 1
Buy now
  • Free + Premium Statistics
  • Reports
  • Market Insights

1 All prices do not include sales tax. The account requires an annual contract and will renew after one year to the regular list price.

Compare accounts

Statistics on " Coronavirus (COVID-19) in South Africa "

The most important statistics
The most important statistics
The most important statistics
The most important statistics
The most important statistics

Other statistics that may interest you Coronavirus (COVID-19) in South Africa

General overview

6

Health data

6

Economic impact

4

Impact on businesses

5

Vaccination efforts

5

Further related statistics

13

Further Content: You might find this interesting as well

Statistics

Topics

Coronavirus (COVID-19) in South AfricaCoronavirus COVID-19 in ChinaCoronavirus disease (COVID-19) pandemicCoronavirus (COVID-19) in the Middle East and North Africa
All features, all contents, at all times: Learn more about our professional solutions.

* For commercial use only

Basic Account

For single users
$0 USD
Always free
Access limited to Free Statistics. Premium Statistics are not included.
  • Free Statistics
Based on your interests

Starter Account

For single users
$199 USD
per month, billed annually 1
Buy now
  • Free Statistics
  • Premium Statistics

    • The statistic on this page is a Premium Statistic and is included in this account.

Professional Account

For teams of up to 5 people
$959 USD
per month, billed annually 1
Buy now
  • Free + Premium Statistics
  • Reports
  • Market Insights

1 All prices do not include sales tax. The account requires an annual contract and will renew after one year to the regular list price.

Compare accounts
Learn more about how Statista can support your business.