The current account gap in the US widened to $190 billion, or 3.3% of the GDP in the second quarter of 2021 from a downwardly revised $89 billion in the prior period and compared to forecasts of a $191 billion shortfall. It is the highest current account deficit since the Q2 of 2007, mainly reflecting reduced surpluses on services and on primary income that were mostly offset by a reduced deficit on secondary income. The services surplus shrank to $61 billion from $63 billion in Q1 amid higher demand for sea freight and air passenger transport and other personal travel; and the primary income surplus also fell slightly to $49 billion from $50 billion. Also, the secondary income gap narrowed to $31 billion from $34 billion, with decreases in both receipts and payments. The goods deficit rose slightly to $269.7 billion from $268.9 billion in Q1, led by imports of industrial supplies and materials, mainly petroleum and products and metals and nonmetallic products. source: U.S. Bureau of Economic Analysis
Current Account in the United States averaged -52198.20 USD Million from 1960 until 2021, reaching an all time high of 9957 USD Million in the first quarter of 1991 and a record low of -218442 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 December of 2021.
Current Account in the United States is expected to be -197000.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United States Current Account is projected to trend around -137000.00 USD Million in 2022, according to our econometric models.