Research >> Economics
4Q2013 Current Account Deficit Decreased
The U.S. current-account deficit—the combined balances on trade in goods and services, income, and net unilateral current transfers—decreased to $81.1 billion (preliminary) in the fourth quarter from $96.4 billion (revised) in the third quarter. The deficit decreased to 1.9 percent of current-dollar gross domestic product (GDP) from 2.3 percent in the third quarter. The decrease in the current-account deficit reflected a decrease in the deficit on goods and services, an increase in the surplus on income, and a decrease in net outflows of unilateral current transfers.
Posted: March 19, 2014 Wednesday 08:30 AM