Current Account in USA

United States Current Account (USD bn) | Economic News & Forecasts

USA - Current Account (billions of U.S. Dollars)

The economy likely recovered robustly in Q3, after Q2’s unprecedented contraction due to the blow dealt by Covid-19. In September, the unemployment rate dropped 0.5 percentage points from the month prior while non-farm payrolls continued to rise, although they were still down 10.7 million compared to February. This, coupled with consumer confidence hitting a six-month high, likely boosted private spending, as suggested by a jump in auto and clothing sales in the same month. Furthermore, upbeat construction activity and a surge in housing starts in Q3 should have supported residential investment. Meanwhile, Joe Biden and the Democrats are currently leading the polls ahead of the presidential elections on 3 November. Under a Biden administration, economic growth would likely benefit from increased spending on infrastructure and social security, as well as a less disruptive foreign trade policy.

United States - Current Account (USD bn) Data

2015   2016   2017   2018   2019  
Current Account Balance (USD bn)-407.8  -428.4  -439.7  -491.0  -498.4  

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United States Current Account (USD bn) 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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