Current Account in USA

United States Current Account | Economic News & Forecasts

USA - Current Account

A second estimate confirmed that the economy contracted in Q1, driven by lower private inventory investment and defense spending, and a negative contribution from net exports. However, the economy’s underlying strength remained intact, with private consumption and fixed investment gaining steam. Turning to Q2, GDP is likely rebounding and is set to grow above 3.0% in quarter-on-quarter SAAR terms, as the contributions from net exports, government spending and inventories improve. Moreover, consumer spending has so far remained robust in the face of elevated price pressures—as shown by brisk retail sales growth in April—thanks to strong employment gains, the fading impact of the pandemic and households running down savings. That said, widespread labor shortages are constraining business activity, and PMI data suggests the manufacturing sector lost some steam at the outset of Q2.

United States - Current Account Data

2015   2016   2017   2018   2019  
Current Account (% of GDP)-2.2  -2.3  -2.3  -2.4  -2.3  

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United States Current Account Chart


USA Current Account

United States Facts

Value Change Date
Bond Yield1.92-0.43 %Dec 31
Exchange Rate1.120.65 %Dec 31

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