The US current account deficit narrowed by $1.6 billion to $194.8 billion in the fourth quarter of 2023, equivalent to 2.8% of GDP and falling short of market expectations of a $209 billion gap. The secondary income gap declined to $38.9 billion from the previous period's $47.5 billion, reflecting an increase in general government transfers, mostly fines and penalties, and a decline in international cooperation. On the other hand, the goods deficit rose to $265 billion from $259.2 billion, as imports increased $4.4 billion, led by purchases of capital goods, mainly computers and computer accessories, and industrial supplies and materials, mainly petroleum and products. Exports of goods decreased $1.4 billion, reflecting lower sales of automotive vehicles, parts, and engines, consumer goods, led by medicinal, dental, and pharmaceutical products, and nonmonetary gold. Finally, the services and primary income accounts reported surpluses of $72.9 billion and $36.1 billion, respectively. source: U.S. Bureau of Economic Analysis
The United States recorded a Current Account deficit of 194.81 USD Billion in the fourth quarter of 2023. Current Account in the United States averaged -58.75 USD Billion from 1960 until 2023, reaching an all time high of 9.96 USD Billion in the first quarter of 1991 and a record low of -283.90 USD Billion in the first quarter of 2022. 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 - data, historical chart, forecasts and calendar of releases - was last updated on April of 2024.
The United States recorded a Current Account deficit of 194.81 USD Billion in the fourth quarter of 2023. Current Account in the United States is expected to be -190.00 USD Billion by the end of this quarter, according to Trading Economics global macro models and analysts expectations.