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 May 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.