South Africa: Selected Issues

March 31, 2000

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Format: Chicago

South Africa: Selected Issues, (USA: International Monetary Fund, 2000) accessed November 26, 2024

Summary

The external current account in South Africa has strengthened significantly in 1999, mainly owing to a large decline in imports. Compared with a deficit of about 1.5 percent of GDP in recent years, it is close to balance during the first three quarters of 1999. A resumption of investor confidence has led to an increase in international reserves and facilitated a decline in the net open forward position (NOFP). The external current account deficit has declined to 0.2 percent of GDP during the first three quarters of 1999.

Subject: Inflation targeting, Labor, Monetary policy, National accounts, Personal income, Production, Tariffs, Taxes, Total factor productivity

Keywords: Africa, CR, Global, Inflation targeting, Inflation-targeting framework, ISCR, Liberalization, Personal income, South Africa's net export, Tariffs, TFP growth, Total factor productivity, Trade liberalization, U.S. dollar

Publication Details

Pages:

187
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2000/042
Stock No:

1ZAFEA0012000
ISBN:

9781451840957
ISSN:

1934-7685

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