The US current account deficit widened to USD 124.8 billion, or 2.4 percent of GDP, in the third quarter of 2018 from a downwardly revised USD 101.2 billion, or 2 percent of GDP, in the previous three-month period and above market expectations of USD 124.3 billion. This was the largest current account deficit since the fourth quarter of 2008 mainly due to an increase in the deficit on goods (USD 227.0 billion vs USD 203.1 billion in Q2) as imports rose and exports fell. In addition, the secondary income gap declined to USD 25.6 billion from USD 29.0 billion in the previous period, while the primary income surplus shrank to USD 59.4 billion from USD 62.3 billion and the services surplus was virtually unchanged at USD 68.4 billion. Current Account in the United States averaged -48212.90 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 -102000.00 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 -101000.00 in 12 months time. In the long-term, the United States Current Account is projected to trend around -125000.00 USD Million in 2020, according to our econometric models.

United States Current Account
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Calendar GMT Actual Previous Consensus TEForecast
2018-03-21 12:30 PM Current Account $-128.2B $-101.5B $-125B $ -125B
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
2019-03-21 12:30 PM Current Account $-124.8B $ -102B
2019-06-20 12:30 PM Current Account $ -109B
2019-09-19 12:30 PM Current Account $ -103B


United States Trade Last Previous Highest Lowest Unit
Balance of Trade -55488.00 -54555.00 1946.00 -67823.00 USD Million [+]
Current Account -124817.00 -101224.00 9957.00 -215769.00 USD Million [+]
Current Account to GDP -2.40 -2.40 0.20 -6.00 percent [+]
Imports 266534.00 265913.00 266534.00 577.00 USD Million [+]
Exports 211046.00 211358.00 213593.00 772.00 USD Million [+]
External Debt 19306582.00 19180854.00 19306582.00 6570168.00 USD Million [+]
Terms of Trade 106.98 98.39 168.28 91.82 Index Points [+]
Capital Flows 42018.00 -29179.00 272938.00 -193364.00 USD Million [+]
Foreign Direct Investment 51938.00 47253.00 51938.00 -9988.00 USD Million [+]
Net Long Term Tic Flows 31281.00 30808.00 157830.00 -72882.00 USD Million [+]
Gold Reserves 8133.46 8133.46 8149.05 8133.46 Tonnes [+]
Crude Oil Production 11537.00 11475.00 11537.00 3971.00 BBL/D/1K [+]
Terrorism Index 5.43 4.88 7.39 3.70 [+]
Tourism Revenues 21283.00 21375.00 21429.00 6496.00 USD Million [+]
Tourist Arrivals 6734056.00 6907642.00 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 January of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-124817.00 -101224.00 9957.00 -215769.00 1960 - 2018 USD Million Quarterly
SA




Country Last Previous
Argentina -7591.00 Sep/18
Australia -10688.00 Sep/18
Brazil -795.30 Nov/18
Canada -10343.00 Sep/18
China 233.00 Sep/18
Euro Area 23.25 Nov/18
France -2756.00 Nov/18
Germany 21400.00 Nov/18
India -19100.00 Sep/18
Indonesia -8846.10 Sep/18
Italy 4805.70 Nov/18
Japan 757.22 Nov/18
Mexico -5081.50 Sep/18
Netherlands 20484.80 Sep/18
Russia 38800.00 Dec/18
Saudi Arabia 29583.00 Sep/18
Singapore 23400.20 Sep/18
South Africa -176577.00 Sep/18
South Korea 5063.40 Nov/18
Spain 294.00 Oct/18
Switzerland 14596.00 Sep/18
Turkey 986.00 Nov/18
United Kingdom -26522.00 Sep/18
United States -124817.00 Sep/18


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