Research >> Economics
4Q09 Current Account Deficit increased, FY 2009 decreased
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The U.S. current-account deficit--the combined balances on trade in goods and
services, income, and net unilateral current transfers--increased to $115.6 billion (preliminary) in the fourth quarter of 2009 from $102.3 billion (revised) in the third quarter. The increase was more than accounted for by an increase in the deficit on goods and, to a lesser extent, a decrease in the surplus on income. A decrease in net unilateral current transfers to foreigners and an increase in the surplus on services were partly offsetting.
The U.S. current-account deficit--the combined balances on trade in goods and services, income, and net unilateral current transfers--decreased to $419.9 billion (preliminary) in 2009, the smallest deficit since 2001, from $706.1 billion in 2008. The decrease was more than accounted for by a drop in the deficit on goods. Decreases in the surpluses on income and on services and an increase in net unilateral current transfers to foreigners were partly offsetting.
Posted: March 18, 2010 Thursday 08:30 AM