IMF Staff Country Reports

South Africa: Selected Issues

Publication Date:

March 31, 2000

Electronic Access:

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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.

Series:

Country Report No. 2000/042

Subject:

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