The US current account deficit narrowed to USD 130.4 billion or 2.5 percent of the GDP in the first quarter of 2019 from an upwardly revised USD 143.9 billion gap or 2.8 percent of the GDP in the last three months of 2018, above market consensus of USD 125 billion. The goods deficit fell to USD 216.5 billion from USD 232.3 billion, as goods imports shrank 2.1 percent to USD 635.9 billion mainly due to industrial supplies and materials, in particular petroleum and products while exports rose 0.6 percent to USD 419.3 billion driven by automotive vehicles, parts, and engines, namely passenger cars, and in foods, feeds, and beverages, mostly soybeans. Also, the services surplus widened to USD 61.9 billion from USD 61.2 billion and the primary income surplus went up to USD 61.1 billion from USD 60.1 billion. Meanwhile, the secondary income shortfall increased to USD 36.9 billion from USD 32.8 billion. Current Account in the United States averaged -48990.19 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.

Current Account in the United States is expected to be -123000.00 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 -129000.00 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
2018-09-19 12:30 PM Current Account Q2 $-101.5B $-121.7B $-103.5B -122.1B
2018-12-19 01:30 PM Current Account Q3 $-124.8B $-101.2B $-124.3B $ -120B
2019-03-27 02:00 PM Current Account Q4 $-134.4B $-126.6B $-130B $ -135B
2019-06-20 12:30 PM Current Account Q1 $-130.4B $-143.9B $-125B $-129B
2019-09-19 12:30 PM Current Account Q2 $-130.4B $ -123B
2019-12-19 01:30 PM Current Account Q3 $ -131B


United States Trade Last Previous Highest Lowest Unit
Balance of Trade -55520.00 -51224.00 1946.00 -67823.00 USD Million [+]
Current Account -130400.00 -143927.00 9957.00 -215769.00 USD Million [+]
Current Account to GDP -2.40 -2.30 0.20 -6.00 percent [+]
Imports 266156.00 257635.00 266816.00 577.00 USD Million [+]
Exports 210636.00 206411.00 213341.00 772.00 USD Million [+]
External Debt 20006050.00 19765887.00 20006050.00 6570168.00 USD Million [+]
Terms of Trade 105.85 106.43 168.28 91.82 Index Points [+]
Capital Flows 32920.00 -8995.00 272938.00 -194622.00 USD Million [+]
Foreign Direct Investment 52432.00 53720.00 55831.00 -9988.00 USD Million [+]
Net Long Term Tic Flows 3532.00 46914.00 157830.00 -72882.00 USD Million [+]
Gold Reserves 8133.50 8133.50 8149.05 8133.46 Tonnes [+]
Crude Oil Production 12162.00 11905.00 12162.00 3971.00 BBL/D/1K [+]
Tourism Revenues 21547.00 21389.00 21891.00 6496.00 USD Million [+]
Tourist Arrivals 6227283.00 5051167.00 8364941.00 2094287.00 [+]
Terrorism Index 6.07 5.43 7.39 3.70 [+]
Weapons Sales 10508.00 12485.00 15725.00 1742.00 USD Million [+]
Goods Trade Balance -75049.00 -70931.00 1492.20 -79790.00 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 July of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-130400.00 -143927.00 9957.00 -215769.00 1960 - 2019 USD Million Quarterly
SA




Country Last Previous
Argentina -3849.43 Mar/19
Australia -2900.00 Mar/19
Brazil 662.00 May/19
Canada -17347.00 Mar/19
China 490.00 Mar/19
Euro Area 13.32 May/19
France 343.00 May/19
Germany 16500.00 May/19
India -4600.00 Mar/19
Indonesia -6966.00 Mar/19
Italy 2599.00 May/19
Japan 1594.84 May/19
Mexico -5634.10 Mar/19
Netherlands 18079.00 Mar/19
Russia 12100.00 Jun/19
Saudi Arabia 11518.00 Mar/19
Singapore 20296.50 Mar/19
South Africa -142495.00 Mar/19
South Korea 4949.40 May/19
Spain -413.00 Apr/19
Switzerland 17215.95 Mar/19
Turkey 151.00 May/19
United Kingdom -30045.00 Mar/19
United States -130400.00 Mar/19


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