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South Africa - Current Account Balance 1974

Current account balance as % of GDP · World Bank
-3.47% −2.70% from 1973 Global rank: 11th

South Africa's current account balance was -3.47% in 1974, decreased +2.70% from -0.78% in 1973. This was the 11th highest globally.

Global Ranking - 1974▾
Current Account Balance by Country - 1974
RankCountryValueYoY
1st Singapore -19.56% -39.4%
2nd Barbados -18.49% 4.5%
3rd Israel -9.10% -106.3%
4th Honduras -8.36% -
5th Dominican Republic -8.24% -99.9%
6th Malaysia -5.67% -
7th Benin -5.28% -
8th Italy -4.14% -156.0%
9th Haiti -3.71% -1,566.5%
10th United Kingdom -3.61% -188.5%
11th South Africa -3.47% -347.2%
12th Senegal -3.12% -
13th Colombia -2.84% -436.1%
14th Canada -2.84% -82.0%
15th Niger -2.71% -
16th Madagascar -2.07% -
17th Türkiye -1.58% -
18th Sweden -0.80% -132.8%
19th United States 0.11% -79.3%
20th Jordan 0.29% -78.4%
21st Malta 1.38% -84.3%
22nd Germany 2.03% 94.4%
23rd Netherlands 3.48% -22.4%
24th São Tomé and Principe 9.95% -
25th Oman 10.89% -
26th Eswatini 16.09% -
27th Togo 16.65% -
28th Saudi Arabia 50.70% 200.8%
Source: World Bank (BN.CAB.XOKA.GD.ZS)

FAQ

What was South Africa's current account balance in 1974?▾

South Africa's current account balance in 1974 was -3.47%. This ranked 11th globally.

How did South Africa's current account balance change in 1974?▾

South Africa's current account balance decreased by 347.2% in 1974 compared to 1973.

Which country had the highest current account balance in 1974?▾

Saudi Arabia had the highest current account balance in 1974 at 50.70%.

What is the current account balance of South Africa in 1974?▾

The current account balance of South Africa in 1974 was -3.47%. This ranked 11th globally.

How does 1974 compare to 1973 for South Africa's current account balance?▾

South Africa's current account balance went from -0.78% in 1973 to -3.47% in 1974, a 347.2% decrease.

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