United States Current Account to GDP

The United States recorded a Current Account deficit of 3 percent of the country's Gross Domestic Product in 2012. Current Account to GDP in the United States is reported by the Bureau of Economic Analysis. Historically, from 1980 until 2012, the United States Current Account to GDP averaged -2.69 Percent reaching an all time high of 0.20 Percent in December of 1981 and a record low of -6 Percent in December of 2006. The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes. This page includes a chart with historical data for the United States Current Account to GDP.