The US current account deficit narrowed by 15.7% to $818.8 billion in 2023, mostly reflected a reduced deficit on goods. The current account gap was equivalent to 3.0% of current-dollar GDP, down from 3.8% in 2022. source: U.S. Bureau of Economic Analysis

Current Account to GDP in the United States averaged -2.69 percent of GDP from 1980 until 2023, reaching an all time high of 0.20 percent of GDP in 1981 and a record low of -6.00 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 April of 2024.

Current Account to GDP in the United States is expected to reach -2.80 percent of GDP by the end of 2024, 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 of GDP in 2025 and -2.60 percent of GDP in 2026, according to our econometric models.

Related Last Previous Unit Reference
Auto Exports 63.84 67.20 Thousand Jan 2024
Current Account -194.81 -196.38 USD Billion Dec 2023
Current Account to GDP -3.00 -3.80 percent of GDP Dec 2023
External Debt 25984649.00 25649607.00 USD Million Dec 2023
Foreign Direct Investment 66372.00 72782.00 USD Million Dec 2023
Terms of Trade 108.76 109.92 points Dec 2023

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
-3.00 -3.80 0.20 -6.00 1980 - 2023 percent of GDP Yearly