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United States Current Account to GDP

Discussion in 'Market News' started by Jonathan, Jan 5, 2016.

  1. Jonathan

    Jonathan Forum Member

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    The United States recorded a Current Account deficit of 2.40 percent of the country's Gross Domestic Product in 2014. Current Account to GDP in the United States averaged -2.67 percent from 1980 until 2014, reaching an all time high of 0.20 percent in 1981 and a record low of -6 percent in 2006. Current Account to GDP in the United States is reported by the U.S. Bureau of Economic Analysis. The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes. This page provides - United States Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

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