Current Account in USA

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

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

GDP growth has likely lost some momentum in the third quarter, after accelerating slightly in Q2 on the back of stronger private consumption and rebounding exports. In August, the Chicago Fed National Activity Index—a leading indicator for GDP—moderated notably from July due to weaker industrial output and private consumption activity. Moreover, consumer confidence dropped to its lowest level since February in August, while the increase in nonfarm payrolls eased notably in the same month and average retail sales declined in July–August—all further pointing to a slowdown in private consumption in the quarter. Furthermore, despite remaining upbeat in July–August, the ISM manufacturing PMI was below Q2’s average. On the Covid-19 front, daily new cases of the virus have remained elevated in recent weeks, despite solid vaccination progress, which is likely dampening GDP prospects for Q4.

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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