The US current account deficit narrowed by USD 15.6 billion to USD 109.8 billion in the fourth quarter of 2019, compared to market expectations of USD 109.0 billion, mainly reflecting a reduced deficit on goods that was partly offset by an expanded deficit on secondary income. The fourth quarter deficit was equivalent to 2.0 percent of GDP, down from 2.3 percent in the third quarter. Considering 2019 full year, the current account deficit widened by USD 7.4 billion, or 1.5 percent, to USD 498.4 billion in 2019, equivalent to 2.3 percent of GDP, down from 2.4 percent in 2018.
Current Account in the United States averaged -49816.01 USD Million from 1960 until 2019, 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. 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 May of 2020. source: U.S. Bureau of Economic Analysis
Current Account in the United States is expected to be -125000.00 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 -125000.00 in 12 months time. In the long-term, the United States Current Account is projected to trend around -137000.00 USD Million in 2021, according to our econometric models.