United States Current Account


The US current account deficit decreased to USD 112.4 billion in the last three months of 2016 from an upwardly revised USD 116 billion gap in the previous period and better than market expectations of a USD 128 billion shortfall. It is the smallest gap since the second quarter of 2015, as the surplus widened for the primary income (by USD 19.9 billion to USD 61.5 billion) and the services account (by USD 1.4 billion to USD 63.8 billion). In contrast, the goods deficit widened by USD 17.5 billion to USD 196 billion due to a drop in soybean exports. In addition, the secondary income gap increased slightly by USD 0.16 billion to USD 41.5 billion. Considering full 2016, the US current account deficit went up to USD 481.2 billion from a USD 463 billion gap in 2015. It represents 2.6 percent of current-dollar GDP, the same percentage as in 2015. Current Account in the United States averaged -47303.42 USD Million from 1960 until 2016, reaching an all time high of 9957 USD Million in the first quarter of 1991 and a record low of -216063 USD Million in the third quarter of 2006.


United States Current Account

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Current Account is the sum of the balance of trade (exports minus imports of goods and services), net factor income (such as interest and dividends) and net transfer payments (such as foreign aid). This page provides the latest reported value for – United States Current Account – plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United States Current Account – actual data, historical chart and calendar of releases – was last updated on March of 2017.