The US current account deficit narrowed to USD 101.5 billion or 2.0 percent of the GDP in the second quarter of 2018 from a downwardly revised USD 121.7 billion gap or 2.4 percent of the GDP in the first three months of the year and compared to market expectations of a USD 103.5 billion shortfall. It is the smallest current account gap since the last quarter of 2015. The goods deficit decreased to USD 203.2 billion from USD 220.8 billion in the first quarter of 2018, as exports rose faster than imports and the services surplus increased to USD 69.3 billion from USD 66.8 billion. Meantime, the primary income surplus fell to USD 60.8 billion from USD 61.2 billion while the secondary income gap declined to USD 28.5 billion from USD 28.9 billion. Current Account in the United States averaged -47886.67 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 -105000.00 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 -103000.00 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
2017-12-19 01:30 PM Current Account $-100.6B $-124.4B $-116.8B $ -118.4B
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 $-101.5B $-122.2B $ -105B
2019-03-21 12:30 PM Current Account $ -102B
2019-06-20 12:30 PM Current Account $ -109B


United States Trade Last Previous Highest Lowest Unit
Balance of Trade -55488.00 -54555.00 1946.00 -67823.00 USD Million [+]
Exports 211046.00 211358.00 213593.00 772.00 USD Million [+]
Imports 266534.00 265913.00 266534.00 577.00 USD Million [+]
Current Account -101460.00 -121710.00 9957.00 -215769.00 USD Million [+]
Current Account to GDP -2.40 -2.40 0.20 -6.00 percent [+]
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 -29140.00 108136.00 272938.00 -193364.00 USD Million [+]
Foreign Direct Investment 47253.00 45701.00 48155.00 -9988.00 USD Million [+]
Net Long Term Tic Flows 30808.00 131679.00 157830.00 -72882.00 USD Million [+]
Gold Reserves 8133.46 8134.00 8149.05 8133.46 Tonnes [+]
Crude Oil Production 11475.00 11346.00 11475.00 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 December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
-101460.00 -121710.00 9957.00 -215769.00 1960 - 2018 USD Million Quarterly




Country Last Previous
Argentina -8292.00 Jun/18
Australia -10688.00 Sep/18
Brazil 329.00 Oct/18
Canada -10343.00 Sep/18
China 160.00 Sep/18
Euro Area 24.07 Sep/18
France -684.00 Oct/18
Germany 15900.00 Oct/18
India -19100.00 Sep/18
Indonesia -8846.10 Sep/18
Italy 3154.00 Sep/18
Japan 1309.90 Oct/18
Mexico -5081.50 Sep/18
Netherlands 16769.50 Jun/18
Russia 26400.00 Sep/18
Saudi Arabia 19181.00 Jun/18
Singapore 23400.20 Sep/18
South Africa -176577.00 Sep/18
South Korea 9190.00 Oct/18
Spain 899.00 Sep/18
Switzerland 22143.83 Jun/18
Turkey 1830.00 Sep/18
United Kingdom -20317.00 Jun/18
United States -101460.00 Jun/18


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