Current Account in USA

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

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

After a modest slowdown in the third quarter, the economy appears to be maintaining a robust—even if likely slightly softening—growth momentum in the fourth quarter, buttressed primarily by upbeat private spending thanks to the winter holiday season. Indeed, consumer confidence remained elevated in November, while retail sales data in the same month signaled private consumption growth will accelerate somewhat in Q4 compared to the previous quarter. This should further be supported by steady job gains in the labor market, fanning upward wage pressures. However, a subdued housing sector should continue to weigh on the economy. On the trade front, the meeting between Donald Trump and Xi Jinping in early December yielded a 90-day truce. This ensured no new tariffs will be enacted during the period, which should limit disruptions in business activity for the time being. Indeed, despite concerns about tariffs, the manufacturing sector gained steam in November thanks to solid domestic demand. Nevertheless, the reprieve could be short-lived; the U.S. is set to increase the rate on existing tariffs from 10% to 25% on 2 March, in the likely event that trade talks fail to produce a substantive agreement.

United States - Current Account (USD bn) Data

2013  2014  2015  2016  2017  
Current Account Balance (USD bn)-349.5  -373.8  -434.6  -451.7  -466.3  

Sample Report

5 years of economic forecasts for more than 30 economic indicators.

Download

United States Current Account (USD bn) Chart


USA Current Account

United States Facts

ValueChangeDate
Bond Yield2.79-0.43 %Jan 18
Exchange Rate1.140.65 %Jan 21
Stock Market24,7060.02 %Jan 21

Sample Report

Get a sample report showing our regional, country and commodities data and analysis.

Download

Start Your Free Trial

Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.

Sign Up

Economic News

Search form