United States Current Account to GDP

The United States recorded a Current Account deficit of 2.40 percent of the country's Gross Domestic Product in 2017. Current Account to GDP in the United States averaged -2.64 percent from 1980 until 2017, reaching an all time high of 0.20 percent in 1981 and a record low of -6 percent in 2006.

Current Account to GDP in the United States is expected to be -2.30 percent 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 to GDP is projected to trend around -2.50 percent in 2020, according to our econometric models.

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United States Trade	Last	Previous	Highest	Lowest	Unit
Balance of Trade	-55488.00	-54555.00	1946.00	-67823.00	USD Million	[+]
Current Account	-124817.00	-101224.00	9957.00	-215769.00	USD Million	[+]
Current Account to GDP	-2.40	-2.40	0.20	-6.00	percent	[+]
Imports	266534.00	265913.00	266534.00	577.00	USD Million	[+]
Exports	211046.00	211358.00	213593.00	772.00	USD Million	[+]
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	42018.00	-29179.00	272938.00	-193364.00	USD Million	[+]
Foreign Direct Investment	51938.00	47253.00	51938.00	-9988.00	USD Million	[+]
Net Long Term Tic Flows	31281.00	30808.00	157830.00	-72882.00	USD Million	[+]
Gold Reserves	8133.46	8133.46	8149.05	8133.46	Tonnes	[+]
Crude Oil Production	11537.00	11475.00	11537.00	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

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. 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 - actual data, historical chart and calendar of releases - was last updated on January of 2019.

	Actual	Previous	Highest	Lowest	Dates	Unit	Frequency
	-2.40	-2.40	0.20	-6.00	1980 - 2017	percent	Yearly

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Country	Last		Previous	Range
Singapore	19.50	Dec/17	19	26.1 : -13.1	%
Netherlands	10.20	Dec/17	8.5	10.4 : -1	%
Switzerland	9.80	Dec/17	9.4	14.8 : -0.6	%
Germany	8.00	Dec/17	8.5	8.9 : -1.7	%
South Korea	5.60	Dec/17	7	10.7 : -10.5	%
Japan	4.02	Dec/17	3.7	4.7 : -1	%
Euro Area	3.50	Dec/17	3.4	3.5 : -1.5	%
Italy	2.80	Dec/17	2.6	2.9 : -3.7	%
Russia	2.20	Dec/17	1.9	18 : -1.4	%
Saudi Arabia	2.20	Dec/17	-3.7	28.5 : -21	%
Spain	1.90	Dec/17	1.9	1.9 : -9.6	%
China	1.30	Dec/17	1.8	10.1 : -3.7	%
Brazil	-0.48	Dec/17	-1.3	1.8 : -8.2	%
France	-0.80	Dec/17	-0.9	3.4 : -2.1	%
Mexico	-1.60	Dec/17	-2.1	3.4 : -6.1	%
Indonesia	-1.70	Dec/17	-1.8	4.8 : -6.8	%
India	-1.90	Dec/17	-0.6	2.3 : -4.8	%
United States	-2.40	Dec/17	-2.4	0.2 : -6	%
South Africa	-2.50	Dec/17	-2.8	6 : -7.5	%
Canada	-3.00	Dec/17	-3.3	2.7 : -4.2	%
Australia	-3.10	Dec/17	-1.4	2.3 : -7.3	%
United Kingdom	-4.10	Dec/17	-5.8	2.6 : -5.8	%
Argentina	-4.80	Dec/17	-2.6	8 : -4.8	%
Turkey	-5.50	Dec/17	-3.8	2 : -9	%