The United States recorded a Current Account deficit of 2.30 percent of the country's Gross Domestic Product in 2019. source: U.S. Bureau of Economic Analysis

Current Account to GDP in the United States averaged -2.63 percent from 1980 until 2019, reaching an all time high of 0.20 percent in 1981 and a record low of -6 percent 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 January of 2021.

Current Account to GDP in the United States is expected to reach -3.00 percent by the end of 2020, 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 -2.60 percent in 2021 and -2.40 percent in 2022, according to our econometric models.

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United States Current Account to GDP

Actual Previous Highest Lowest Dates Unit Frequency
-2.30 -2.40 0.20 -6.00 1980 - 2019 percent Yearly

United States Trade Last Previous Highest Lowest Unit
Balance of Trade -68142.00 -63111.00 1946.00 -68277.00 USD Million [+]
Current Account -178513.00 -161362.00 9957.00 -218442.00 USD Million [+]
Current Account to GDP -2.30 -2.40 0.20 -6.00 percent [+]
Imports 252316.00 245113.00 266719.00 577.00 USD Million [+]
Exports 184174.00 182002.00 215032.00 772.00 USD Million [+]
External Debt 21314655.00 21310649.00 21314655.00 6570168.00 USD Million [+]
Terms of Trade 103.85 103.10 172.45 94.05 points [+]
Capital Flows 214100.00 -11100.00 316838.00 -194622.00 USD Million [+]
Foreign Direct Investment 40052.00 26661.00 55831.00 -9988.00 USD Million [+]
Net Long Term Tic Flows 51869.00 108869.00 157830.00 -134895.00 USD Million [+]
Gold Reserves 8133.46 8133.46 8149.05 8133.46 Tonnes [+]
Crude Oil Production 10419.00 10860.00 12879.00 3971.00 BBL/D/1K [+]
Goods Trade Balance -84820.00 -80420.00 1492.20 -84820.00 USD Million [+]
Oil Exports 3383.54 3683.00 6722.71 0.00 USD Million [+]
Tourism Revenues 4119.00 3910.00 21327.00 3910.00 USD Million [+]
Tourist Arrivals 734036.00 534214.00 8418370.00 249143.00 [+]
Terrorism Index 5.26 5.69 7.39 3.70 [+]
Weapons Sales 10752.00 10414.00 15733.00 1429.00 USD Million [+]


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.