Research >> Economics
1Q2016 Current Account Deficit Increased
The U.S. current-account deficit—a net measure of transactions between the United States and the rest of the world in goods, services, primary income, and secondary income—increased to $124.7 billion (preliminary) in the first quarter of 2016 from $113.4 billion (revised) in the fourth quarter of 2015, according to statistics released by the Bureau of Economic Analysis (BEA). The deficit increased to 2.7 percent of current-dollar gross domestic product (GDP) from 2.5 percent in the fourth quarter.
The $11.3 billion increase reflected a $9.6 billion decrease in the surplus on primary income to $37.5 billion and a $4.0 billion increase in the deficit on secondary income to $40.3 billion. These changes were partly offset by a $2.0 billion decrease in the deficit on goods to $186.4 billion and a $0.4 billion increase in the surplus on services to $64.6 billion.
Posted: June 16, 2016 Thursday 08:30 AM