The United States recorded a Current Account deficit of 3.70 percent of the country's Gross Domestic Product in 2022. It is the highest deficit since 2008. source: U.S. Bureau of Economic Analysis

Current Account to GDP in the United States averaged -2.68 percent of GDP from 1980 until 2022, reaching an all time high of 0.20 percent of GDP in 1981 and a record low of -6.00 percent of GDP in 2006. This page provides - United States Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. United States Current Account to GDP - values, historical data and charts - was last updated on August of 2023.

Current Account to GDP in the United States is expected to reach -2.80 percent of GDP by the end of 2023, according to Trading Economics global macro models and analysts expectations. In the long-term, the United States Current Account to GDP is projected to trend around -2.50 percent of GDP in 2024, according to our econometric models.

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United States Current Account to GDP



Related Last Previous Unit Reference
Current Account -219.30 -216.15 USD Billion Mar 2023
Current Account to GDP -3.70 -3.60 percent of GDP Dec 2022
External Debt 24952240.00 24544393.00 USD Million Mar 2023
Terms of Trade 113.50 113.73 points Jun 2023
Foreign Direct Investment 69607.00 68557.00 USD Million Mar 2023

United States Current Account to GDP
The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes.
Actual Previous Highest Lowest Dates Unit Frequency
-3.70 -3.60 0.20 -6.00 1980 - 2022 percent of GDP Yearly