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United States Current Account to GDP

The United States recorded a Current Account deficit of 3.10 percent of the country's Gross Domestic Product in 2020. Current Account to GDP in the United States averaged -2.64 percent of GDP from 1980 until 2020, reaching an all time high of 0.20 percent of GDP in 1981 and a record low of -6 percent of GDP in 2006. 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.
from Trading Economics ..
United States Current Account to GDP

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