Current Account to GDP in the United States decreased to -3.10 percent in 2020 from -2.20 percent in 2019. source: U.S. Bureau of Economic Analysis

Current Account to GDP in the United States averaged -2.64 percent from 1980 until 2020, 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 June of 2021.

Current Account to GDP in the United States is expected to reach -2.60 percent by the end of 2021, 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 2022 and -2.40 percent in 2023, according to our econometric models.

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United States Current Account to GDP

Actual Previous Highest Lowest Dates Unit Frequency
-3.10 -2.20 0.20 -6.00 1980 - 2020 percent of GDP Yearly

United States Trade Last Previous Highest Lowest Unit
Balance of Trade -68899.00 -75025.00 1946.00 -75025.00 USD Million [+]
Current Account -188484.00 -180917.00 9957.00 -218442.00 USD Million [+]
Current Account to GDP -3.10 -2.20 0.20 -6.00 percent of GDP [+]
Imports 273891.00 277693.00 277693.00 577.00 USD Million [+]
Exports 204992.00 202669.00 216094.00 772.00 USD Million [+]
External Debt 21358343.00 21314655.00 21358343.00 6570168.00 USD Million [+]
Terms of Trade 107.64 105.06 172.45 94.05 points [+]
Capital Flows 146400.00 73700.00 317000.00 -194622.00 USD Million [+]
Foreign Direct Investment 45262.00 40052.00 55831.00 -9988.00 USD Million [+]
Net Long Term Tic Flows 262200.00 4300.00 262200.00 -134895.00 USD Million [+]
Gold Reserves 8133.46 8133.46 8149.05 8133.46 Tonnes [+]
Crude Oil Production 11184.00 9862.00 12879.00 3971.00 BBL/D/1K [+]
Goods Trade Balance -85727.00 -91917.00 1492.20 -91917.00 USD Million [+]
Oil Exports 5715.02 4734.36 6722.71 0.00 USD Million [+]
Tourism Revenues 4881.00 5091.00 21327.00 3873.00 USD Million [+]
Tourist Arrivals 1046703.00 1138958.00 8418370.00 248952.00 [+]
Terrorism Index 5.26 5.69 7.39 3.70 [+]
Weapons Sales 9372.00 10788.00 15731.00 1427.00 SIPRI TIV 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.