The US current account deficit narrowed by $21.6 billion, or 9.1%, to $217.1 billion in Q3 2022, from a revised $238.7 billion in Q2 and compared with market expectations of $222.0 billion. It was the smallest current account gap for over a year, and equivalent to 3.4% of GDP (vs 3.8% of GDP in Q2), as a decreased deficit on goods offset a narrower surplus on primary income and a larger deficit on secondary income. The goods deficit shrank to $271.1 billion from $310.9 billion in Q2, helped by rising exports of nonmonetary gold and capital goods, mostly civilian aircraft engines and parts and other industrial machinery, as well as falling imports of consumer goods and industrial supplies and materials. Meanwhile, the secondary income deficit rose to $52.2 billion from $42.3 billion and the primary income surplus declined to $45.6 billion from $57.2 billion. Considering Q1-Q3, the current account gap widened to $738.4 billion from $621.5 billion in the same period of 2021. source: U.S. Bureau of Economic Analysis
Current Account in the United States averaged -55866.65 USD Million from 1960 until 2022, reaching an all time high of 9957.00 USD Million in the first quarter of 1991 and a record low of -282540.00 USD Million 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 January of 2023.
Current Account in the United States is expected to be -200000.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations.