The United States recorded a Current Account deficit of 450.17 USD Billion in the first quarter of 2025. This dataset 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.

The United States recorded a Current Account deficit of 3.90 percent of the country's Gross Domestic Product in 2024. This dataset provides - United States Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Key information about United States Current Account Balance: % of GDP

• United States Current Account deficit accounted for 4.2 % of the country's Nominal GDP in Sep 2024, compared with a 3.8 % deficit in the previous quarter.
• US Current Account Balance: % of Nominal GDP data is updated quarterly, available from Mar 1960 to Sep 2024, with an average value of -1.8 %.
• The data reached an all-time high of 1.2 % in Jun 1975 and a record low of -6.3 % in Sep 2006.

• In the latest reports of US, Current Account recorded a deficit of 310.9 USD bn in Sep 2024.
• Foreign Direct Investment (FDI) increased by 96.6 USD bn in Sep 2024.
• US Direct Investment Abroad expanded by 96.8 USD bn in Sep 2024.
• Its Foreign Portfolio Investment increased by 637.6 USD bn in Sep 2024.
• The country's Nominal GDP was reported at 6,632.4 USD bn in Mar 2023.

Key information about US Current Account Balance

• United States Current Account recorded a deficit of 310.9 USD bn in Sep 2024, compared with a deficit of 275.0 USD bn in the previous quarter.
• US Current Account Balance: USD mn data is updated quarterly, available from Mar 1960 to Sep 2024, with an averaged value of -28.9 USD bn.
• The data reached an all-time high of 10.0 USD bn in Mar 1991 and a record low of -310.9 USD bn in Sep 2024.
• Foreign Direct Investment (FDI) increased by 96.6 USD bn in Sep 2024.
• US Direct Investment Abroad expanded by 96.8 USD bn in Sep 2024.
• Its Foreign Portfolio Investment increased by 637.6 USD bn in Sep 2024.
• The country's Nominal GDP was reported at 6,632.4 USD bn in Mar 2023.

Graph and download economic data for Federal Surplus or Deficit [-] as Percent of Gross Domestic Product (FYFSGDA188S) from 1929 to 2024 about budget, federal, GDP, and USA.

In 2023, the U.S. government had a budget deficit of 1.69 trillion U.S. dollars. This is compared to 2000, when the government had a budget surplus of 0.24 trillion U.S. dollars.

U.S. Government budget

The government budget is a financial statement that demonstrates the government’s suggested revenues and spending for the financial year. Budget surpluses occur when income exceeds expenditures. Budget deficits occur when spending exceeds income. The budget balance of the U.S. government has fluctuated since 2016, and is expected to decrease slightly by 2026.

Military spending

Defense outlays in the United States amounted to 714 billion U.S. dollars in 2020. It is expected to continue to increase over the next several years. The United States currently has the largest defense budget in the world, and is the largest employer in the world. The military budget funds the Army, Marine Corps, Navy, and Air Force. The amount of funding that goes towards the Department of Defense is heavily criticized by Democrats in the United States, because they believe that the funding should be more evenly distributed towards other social welfare programs such as public health insurance and education.

The United States had the largest account deficit of the G7 countries between 2010 and 2023. Moreover, its deficit increased sharply from 2019 to 2022, from minus *** billion U.S. dollars to minus ************ dollars in 2024. The account balance of the other six countries fluctuated more, with Germany having the highest positive balance at *** billion U.S. dollars. In terms of share of gross domestic product (GDP), the United Kingdom had the highest account balance deficit of the G7.

The United States recorded a trade deficit of 71.52 USD Billion in May of 2025. This dataset provides the latest reported value for - United States Balance of Trade - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Current account balance (BoP, current US$) in Myanmar was reported at 67720479 USD in 2019, according to the World Bank collection of development indicators, compiled from officially recognized sources. Myanmar - Current account balance (BoP, current US$) - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

Graph and download economic data for Federal Surplus or Deficit - from 1901 to 2024 about budget, federal, and USA.

As of 2024, the United States had a trade deficit of about *** billion U.S. dollars. The U.S. trade deficit has increased since 2009, peaking in 2022. Most recently, 2023 marked the year when the U.S. trade deficit decreased from the previous year. What is trade deficit? A trade deficit is, quite simply, the total value of a country’s imports of goods and services minus the total value of its exports of goods and services. When a country exports more than it imports, it has a trade surplus, and when it imports more than it exports, it has a trade deficit. A trade deficit can mean one of two things: Either the country is failing to produce enough goods for its citizens, or its citizens are wealthy enough to purchase more goods than the country produces (as is the case with the United States). Trading partners The United States’ top export partners are its closest neighbors, Canada and Mexico, due in part to the North American Free Trade Agreement (NAFTA), which, pending ratification, will be replaced by the United States-Mexico-Canada Agreement (USMCA). Regarding imports to the U.S., China takes the top spot, followed by Mexico and Canada.

Key information about China Current Account Balance

• China Current Account recorded a surplus of 147.6 USD bn in Sep 2024, compared with a surplus of 54.5 USD bn in the previous quarter.
• China Current Account Balance: USD mn data is updated quarterly, available from Mar 1998 to Sep 2024, with an averaged value of 43.2 USD bn.
• The data reached an all-time high of 151.5 USD bn in Sep 2022 and a record low of -52.3 USD bn in Mar 2020.
• The State Administration of Foreign Exchange provides quarterly Current Account Balance in USD.
• Foreign Direct Investment (FDI) fell by 8.3 USD bn in Sep 2024.
• China Direct Investment Abroad expanded by 34.5 USD bn in Sep 2024.
• Its Foreign Portfolio Investment increased by 24.0 USD bn in Sep 2024.
• The country's Nominal GDP was reported at 4,166.8 USD bn in Mar 2023.

In the second quarter of 2023, Ghana's current account balance amounted to a surplus of ***** million U.S. dollars, showing a huge improvement from the same period in 2022, when the country registered a deficit of ***** million U.S. dollars. Furthermore, in the period under review, the lowest deficit recorded on the country's imports and exports of goods and services, transfers, and payments made to foreign investors was reported in the third quarter of 2021, at minus *** billion U.S. dollars.

Canada recorded a Current Account deficit of 2100 CAD Million in the first quarter of 2025. This dataset provides - Canada Current Account - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Current account balance of Armenia sank by 959.53% from 64,724,981 US dollars in 2022 to -556,329,378 US dollars in 2023. Since the 6.73% jump in 2019, current account balance plummeted by 42.12% in 2023. Current account balance is the sum of net exports of goods, services, net income, and net current transfers. Data are in current U.S. dollars.

Key information about UK Current Account Balance

• United Kingdom Current Account recorded a deficit of 13.1 USD bn in Mar 2023, compared with a deficit of 2.9 USD bn in the previous quarter.
• UK Current Account Balance: USD mn data is updated quarterly, available from Mar 1957 to Mar 2023, with an averaged value of -1.7 USD bn.
• The data reached an all-time high of 6.5 USD bn in Mar 1981 and a record low of -67.7 USD bn in Mar 2022.
• CEIC converts quarterly Current Account Balance into USD. Office for National Statistics provides Current Account Balance in local currency. Federal Reserve Board average market exchange rate is used for currency conversions.
• Foreign Direct Investment (FDI) fell by 37.8 USD bn in Mar 2023.
• UK Direct Investment Abroad expanded by 14.7 USD bn in Mar 2023.
• Its Foreign Portfolio Investment fell by 33.0 USD bn in Mar 2023.
• The country's Nominal GDP was reported at 786.4 USD bn in Mar 2023.

The U.S. budget deficit amounted to roughly 1.7 trillion U.S. dollars in 2023, which was around 6.3 percent of the U.S. GDP. The forecast predicts a state deficit of about 2.58 trillion U.S. dollars in 2034, which would be about 6.2 percent of the U.S. GDP. The GDP of the United States since 1990 can be accessed here.

United States - Balance of payments BPM6: Current account Balance: Primary income: Total Balance for G7 was 119862000000.00000 US $, sum over component sub-periods in October of 2024, according to the United States Federal Reserve. Historically, United States - Balance of payments BPM6: Current account Balance: Primary income: Total Balance for G7 reached a record high of 196772700000.00000 in January of 2019 and a record low of -1507771667.69194 in April of 2002. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Balance of payments BPM6: Current account Balance: Primary income: Total Balance for G7 - last updated from the United States Federal Reserve on July of 2025.

Current account balance of Gambia shot up by 126.18% from -90,250,902 US dollars in 2022 to -204,131,642 US dollars in 2023. Since the 72.54% slump in 2019, current account balance soared by 450.54% in 2023. Current account balance is the sum of net exports of goods, services, net income, and net current transfers. Data are in current U.S. dollars.

This statistic shows the United States goods trade deficit with China from 2014 to 2024. In 2024, the value of U.S. imports from China exceeded the exports to China by around ***** billion U.S. dollars.