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Current Account
The current account is the widest measure of a country's financial performance on an international basis because it includes investment flows as well as trade in goods and services.

Main Indicator: Current Account

Most Recent Release

March
17th, 2008
Actual Forecast Previous Revised Form
-173B -184B -177B -179B

4th Quarter
Official Release: Bureau of Economic Analysis

The Current Account deficit for the 4th quarter narrowed during the fourth quarter as the surplus on income rose. The current account is the broadest measure of the country's balance of payments as it incorporates trade of goods and services, transfer payements, and investment income, though about 90% of the deficit is accounted by the balance in goods and services. The shortfall in goods and services trade was $177.9 billion.

"The U.S. current-account deficit--the combined balances on trade in goods and services, income, and net unilateral current transfers--decreased to $172.9 billion (preliminary) in the fourth quarter of 2007 from $177.4 billion (revised) in the third quarter.

The U.S. current-account deficit--the combined balances on trade in decreased to $738.6 billion (preliminary) in 2007 from $811.5 billion in 2006."

Table of Past Data

9/1612/163/146/169/1812/183/146/1512/173/17
Actual-196B-196B-225B-208B-218B-226B-196B-193B-179B-173B
Forecast-193B-206B-220B-222B-212B-228B-204B-203B-183B-184B
Previous-195B-196B-196B-225B-209B-218B-226B-188B-189B-177B
Revised FromN/AN/AN/AN/AN/AN/AN/AN/A-191B-179B

Past Releases

December
17th, 2007
Actual Forecast Previous Revised Form
-179B -183B -189B -191B
3rd Quarter
Release from Bureau of Economic Analysis: International Economic Accounts

The current account deficit narrowed to $178.5 billion. is the smallest share of the GDP (5.1%) since Q1 of 2004. The weakened dollar had a clear impact on the increase of exports.
June
15th, 2007
Actual Forecast Previous Revised Form
-193B -203B -188B N/A
Goods and services trade deficit narrowed while income account surplus widened as did the transfers deficit.
March
14th, 2007
Actual Forecast Previous Revised Form
-196B -204B -226B N/A
US current account deficit in Q4 narrowed to $195.8 billion, the US Commerce Department said.
December
18th, 2006
Actual Forecast Previous Revised Form
-226B -228B -218B N/A
September
18th, 2006
Actual Forecast Previous Revised Form
-218B -212B -209B N/A
The US Q2 current account deficit rose to a slightly higher-than-expected $218.4b. Exports rose 5.3%, imports rose 4.4% and unilateral transfers rose 4.6%. The current account deficit rose $5.2b in the 2nd quarter from a revised $213.2b in the first quarter. The 1st quarter deficit was originally reported as $208.7b. The current account deficit was 6.6% of the overall economy, as measured by GDP.
June
16th, 2006
Actual Forecast Previous Revised Form
-208B -222B -225B N/A
The US current account deficit narrowed sharply. According to the Commerce Department, America's current account trade deficit showed an unexpectedly large improvement during the first quarter of 2006. Far exceeding expectations, the deficit fell to $208.7 billions in the January-March quarter, down 6.5% from the all-time high deficit of $223.1 billions set in the final quarter of last year.
March
14th, 2006
Actual Forecast Previous Revised Form
-225B -220B -196B N/A
The total deficit for 2005 was $804B, a significant worsening of the 2004 deficit of $668B. The 2005 deficit corresponds to 6.4% of economic output, up from 5.7% the previous year.
December
16th, 2005
Actual Forecast Previous Revised Form
-196B -206B -196B N/A
September
16th, 2005
Actual Forecast Previous Revised Form
-196B -193B -195B N/A

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