The South African Reserve Bank published its Quarterly Bulletin for June 2025, updating a set of statistical tables covering the balance of payments and national accounts, including sectoral gross value added and household final consumption expenditure. The balance of payments tables show a current account deficit of ZAR 47 991 million in 2024, with merchandise exports of ZAR 1 892 677 million and merchandise imports of ZAR 1 828 234 million, alongside a trade balance of ZAR 214 306 million and a financial account balance of ZAR 65 905 million. The national accounts “key information” series includes quarter-to-quarter changes at constant 2015 prices showing real gross domestic product growth of 0.1% in 2025 Q1, with household consumption up 0.4%, gross fixed capital formation down 1.7%, exports up 1.0% and imports up 2.0%; the bulletin notes that data for the previous four years are preliminary and subject to revision.
South African Reserve Bank 2025-06-26
South African Reserve Bank releases June 2025 Quarterly Bulletin updating balance of payments and national accounts statistics
The South African Reserve Bank's June 2025 Quarterly Bulletin reports a current account deficit of ZAR 47,991 million for 2024, with merchandise exports and imports totaling ZAR 1,892,677 million and ZAR 1,828,234 million, respectively. The bulletin highlights real GDP growth of 0.1% in Q1 2025, with household consumption rising by 0.4% and gross fixed capital formation declining by 1.7%. Data for the previous four years remain preliminary and subject to revision.