The United States recorded a Current Account deficit of 3.10 percent of the country's Gross Domestic Product in 2020. source: U.S. Bureau of Economic Analysis

Current Account to GDP in the United States averaged -2.64 percent of GDP from 1980 until 2020, reaching an all time high of 0.20 percent of GDP in 1981 and a record low of -6 percent of GDP 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 2022.

Current Account to GDP in the United States is expected to reach -3.30 percent of GDP 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 -3.60 percent of GDP in 2022 and -3.20 percent of GDP in 2023, according to our econometric models.

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United States Current Account to GDP

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

Related Last Previous Unit Reference
Current Account -214774.00 -198319.00 USD Million Sep/21
Current Account to GDP -3.10 -2.20 percent of GDP Dec/20
External Debt 22824293.00 22595448.00 USD Million Sep/21
Terms of Trade 112.71 111.31 points Sep/21
Foreign Direct Investment 74515.00 66844.00 USD Million Sep/21