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Historical Year Data · 2008

South Africa Current Account (% GDP, WEO) in 2008

South Africa Current Account (% GDP, WEO) opened 2008 at -5.19% and closed at -5.19%, a +0.00% move for the year. The high of -5.19% was reached on December 31, and the low of -5.19% on December 31.

Open
-5.19%
2008-01
Close
-5.19%
1 data points
High
-5.19%
Dec 31
Low
-5.19%
Dec 31
Full Year Change
+0.00%
2007 Change
+0.00%

Monthly Breakdown

MonthOpenCloseHighLowChange
Dec-5.19%-5.19%-5.19%-5.19%+0.00%

Events During 2008

2008 Financial Crisis
Deflation
September 2007 – March 2009

The 2008 Financial Crisis remains the deepest and most instructive market event of the 21st century. Subprime losses cascaded through leveraged balance sheets, froze interbank lending, and forced unprecedented central bank intervention.

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