The current account gap in the United States widened to USD 134.4 billion in Q4 2018 from an upwardly revised USD 126 billion gap in Q3, above forecasts of USD -130 billion. It is the highest current account gap in ten years as deficits on goods and on secondary income rose and surplus on services decreased. Goods exports shrank USD 3.7 billion to USD 416.1 billion, mainly due to foods, feeds, and beverages, mostly soybeans. Services imports increased USD 3.4 billion to USD 143.2 billion, mostly due to travel (for all purposes including education), primarily personal travel, and in transport, primarily sea freight transport and air passenger transport. Considering full 2018, the current account gap widened 8.8% to USD 488.5 billion, the highest since 2008. Compared to the GDP, the deficit reached 2.4% in 2018 versus 2.3% reported in 2017. Current Account in the United States averaged -48604.89 USD Million from 1960 until 2018, reaching an all time high of 9957 USD Million in the first quarter of 1991 and a record low of -215769 USD Million in the third quarter of 2006.

Current Account in the United States is expected to be -129000.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Current Account in the United States to stand at -134000.00 in 12 months time. In the long-term, the United States Current Account is projected to trend around -137000.00 USD Million in 2020, according to our econometric models.

United States Current Account
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Calendar GMT Actual Previous Consensus TEForecast
2018-06-20 12:30 PM Current Account $-124.1B $-116.2B $-129B $ -123B
2018-09-19 12:30 PM Current Account $-101.5B $-121.7B $-103.5B -122.1B
2018-12-19 01:30 PM Current Account $-124.8B $-101.2B $-124.3B $ -120B
2019-03-27 02:00 PM Current Account $-134.4B $-126.6B $-130B $ -135B
2019-06-20 12:30 PM Current Account $-134.4B $ -129B
2019-09-19 12:30 PM Current Account $ -123B
2019-12-19 01:30 PM Current Account $ -131B


United States Trade Last Previous Highest Lowest Unit
Balance of Trade -50000.00 -49300.00 1946.00 -67823.00 USD Million [+]
Current Account -134377.00 -126604.00 9957.00 -215769.00 USD Million [+]
Current Account to GDP -2.40 -2.30 0.20 -6.00 percent [+]
Imports 261968.00 259190.00 267232.00 577.00 USD Million [+]
Exports 211966.00 209905.00 212855.00 772.00 USD Million [+]
External Debt 19765887.00 19556588.00 19765887.00 6570168.00 USD Million [+]
Terms of Trade 105.85 106.43 168.28 91.82 Index Points [+]
Capital Flows -8061.00 -21481.00 272938.00 -194622.00 USD Million [+]
Foreign Direct Investment 50955.00 51938.00 51938.00 -9988.00 USD Million [+]
Net Long Term Tic Flows -28403.00 51884.00 157830.00 -72882.00 USD Million [+]
Gold Reserves 8133.50 8133.46 8149.05 8133.46 Tonnes [+]
Crude Oil Production 11683.00 11871.00 11900.00 3971.00 BBL/D/1K [+]
Terrorism Index 6.07 5.43 7.39 3.70 [+]
Tourism Revenues 21490.00 21399.00 21490.00 6496.00 USD Million [+]
Tourist Arrivals 6079693.00 6772971.00 8364941.00 2094287.00 [+]
Weapons Sales 12394.00 10304.00 16071.00 1769.00 USD Million [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



United States Current Account

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 May of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-134377.00 -126604.00 9957.00 -215769.00 1960 - 2018 USD Million Quarterly
SA




Country Last Previous
Argentina -2317.00 Dec/18
Australia -7203.00 Dec/18
Brazil -494.20 Mar/19
Canada -15483.00 Dec/18
China 586.00 Mar/19
Euro Area 15.50 Feb/19
France -1263.00 Mar/19
Germany 30217.35 Mar/19
India -16899.55 Dec/18
Indonesia -6966.00 Mar/19
Italy 3252.80 Feb/19
Japan 2847.87 Mar/19
Mexico -3424.00 Dec/18
Netherlands 27505.30 Dec/18
Russia 32800.00 Mar/19
Saudi Arabia 18521.00 Dec/18
Singapore 17796.10 Dec/18
South Africa -110158.00 Dec/18
South Korea 4820.00 Mar/19
Spain -2769.00 Feb/19
Switzerland 15181.70 Dec/18
Turkey -589.00 Mar/19
United Kingdom -23707.00 Dec/18
United States -134377.00 Dec/18


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