Historical Year Data · 2023
South Africa Current Account (% GDP, WEO) in 2023
South Africa Current Account (% GDP, WEO) opened 2023 at -1.10% and closed at -1.10%, a +0.00% move for the year. The high of -1.10% was reached on December 31, and the low of -1.10% on December 31.
Open
-1.10%
2023-01
Close
-1.10%
1 data points
High
-1.10%
Dec 31
Low
-1.10%
Dec 31
Full Year Change
+0.00%
2022 Change
+0.00%
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Dec | -1.10% | -1.10% | -1.10% | -1.10% | +0.00% |
Events During 2023
2023 Silicon Valley Bank Collapse
Mixed
March 2023
Silicon Valley Bank collapsed on March 10, 2023, the second-largest bank failure in US history. The Fed's response redefined liquidity backstops for the banking system.
2023 Credit Suisse Forced Merger
Mixed
March 15-19, 2023
Credit Suisse was forced into an emergency acquisition by UBS over the weekend of March 18-19, 2023. The deal wiped out AT1 bondholders while preserving some equity, reshaping bank capital structure risk assessment globally.
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