Current Account
Released On 12/17/2013 8:30:00 AM For Q3:13
Prior Prior Revised Actual
Current Account $-98.9 B $-96.6 B $-94.8 B
Highlights
The nation's current account deficit narrowed slightly in the third quarter, to $94.8 billion from a downward revised $96.6 billion in the second quarter. The improvement is led by a $4.0 billion increase in the surplus on income to $60.0 billion. Also helping was a narrowing in the deficit on unilateral transfers, down $388 million to $34.1 billion, and an increase in the trade surplus for services, up $278 million to $57.9 billion. A negative in the quarter is a widening in the trade deficit for goods, up $2.9 billion to $178.6 billion. The current account as a percentage of GDP fell 1 tenth in the quarter to 2.2 percent.
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