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United States Current Account

Discussion in 'Market News' started by Jonathan, Dec 18, 2015.

  1. Jonathan

    Jonathan Forum Member

    Aug 29, 2015
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    The current account gap in the US rose to USD 124.1 billion or 2.7% of GDP in the third quarter of 2015 from an upwardly revised USD 111.1 billion or 2.5% of GDP in the second quarter. The increase in the deficit was largely accounted for by a decrease in the surplus on primary income (USD 46.1 billion from USD 52.8 billion) and an increase in the deficit on secondary income (USD -36.6 billion from USD -30.8 billion). Current Account in the United States averaged -45298.48 USD Million from 1960 until 2015, reaching an all time high of 9957 USD Million in the first quarter of 1991 and a record low of -216063 USD Million in the third quarter of 2006. Current Account in the United States is reported by the U.S. Bureau of Economic Analysis. Current Account is the sum of the balance of trade (exports minus imports of goods and services), net factor income (such as interest and dividends) and net transfer payments (such as foreign aid). This page provides the latest reported value for - United States Current Account - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

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