United States Current Account to GDP

The Current Account in the United States was last reported at -3.2 percent of GDP. From 1980 until 2010, the United States' average Current Account as percent of GDP was -2.67 percent reaching an historical high of 0.20 percent in December of 1981 and a record low of -6.00 percent in December of 2006. Usually, when the United States records a strong current account, its Gross Domestic Product expands boosted by exports revenues. Also, the United States' exchange rate appreciates as investors begin to expect higher interest rates going forward. However, when the United States reports a stronger than expected current account to GDP, it may also lead to economic overheating and a general rise in prices, also known as inflation, which will make the United States' products less competitive when sold abroad. This page includes a chart with historical data for the United States' Current Account as a percent of GDP.

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Current Account to GDP

Current account balance as a percent of GDP (current account to GDP) is the current account a country has in percentage of its Gross Domestic Product. The current account is one of the two most important components of the balance of payments; the other is the capital account. The current account is the sum of the balance of trade (exports minus imports), net factor income (interest and dividends) and net transfer payments (foreign aid). Current account balance as a percent of GDP indicates the nature of a country's foreign trade. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with a high savings ratings but weak domestic demand.

United States News

U.S. Annual Inflation Rate Down to 2.9% in January
Published: 2/17/2012 7:16:50 PM By: TradingEconomics.com, U.S. Bureau of Labor Statistics
The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.2 percent in January on a seasonally adjusted basis, the U.S. Bureau of Labor Statistics reported. Over the last 12 months, the all items index increased 2.9 percent before seasonal adjustment

U.S. Trade Deficit Widens in December
Published: 2/10/2012 1:38:25 PM By: TradingEconomics.com, U.S. Department of Commerce
Total December exports of $178.8 billion and imports of $227.6 billion resulted in a goods and services deficit of $48.8 billion, up from $47.1 billion in November, revised.

U.S. Jobless Rate Down to 8.3%, Nonfarm Payrolls Up by 243K
Published: 2/3/2012 1:40:28 PM By: TradingEconomics.com, U.S. Bureau of Labor Statistics
Total U.S. nonfarm payroll employment rose by 243,000 in January, and the unemployment rate decreased to 8.3 percent, the U.S. Bureau of Labor Statistics Total U.S.nonfarm payroll employment rose by 243,000 in January, and the unemployment rate decreased to 8.3 percent, the U.S. Bureau of Labor Statistics reported on February 3rd. Job growth was widespread in the private sector, with large employment gains in professional and business services, leisure and hospitality, and manufacturing.

U.S. Economy Expands 2.8% in Q4
Published: 1/27/2012 5:44:01 PM By: TradingEconomics.com, Bureau of Economic Analysis
U.S.real gross domestic product increased at an annual rate of 2.8 percent in the fourth quarter of 2011 (that is, from the third quarter to the fourth quarter), according to the "advance" estimate released by the Bureau of Economic Analysis.

U.S. Fed Said No Rate Hikes Until at Least Late 2014
Published: 1/25/2012 5:50:33 PM By: TradingEconomics.com, Fed
The U.S. Federal Reserve on Wednesday said it will not raise interest rates until at least late 2014, even later than investors expected, in an effort to support a sluggish economic recovery.

U.S.Annual Inflation Down to 3% in December
Published: 1/19/2012 6:42:11 PM By: TradingEconomics.com, U.S. Bureau of Labor Statistics
Over the last 12 months, Consumer Price Index for All Urban Consumers (CPI-U)increased 3.0 percent before seasonal adjustment.It was unchanged in December on a seasonally adjusted basis, the U.S. Bureau of Labor Statistics reported on January 19th.

U.S. Trade Deficit Widens in November
Published: 1/13/2012 3:48:56 PM By: TradingEconomics.com, the Department of Commerce
November exports of $177.8 billion and imports of $225.6 billion resulted in a goods and services deficit of $47.8 billion, up from $43.3 billion in October, revised.

Unemployment Rate Falls to 8.5 percent
Published: 1/6/2012 1:49:00 PM By: U.S. Bureau of Labor Statistics
Nonfarm payroll employment rose by 200,000 in December, and the unemployment rate, at 8.5 percent, continued to trend down, the U.S. Bureau of Labor Statistics reported. Job gains occurred in transportation and warehousing, retail trade, manufacturing, health care, and mining.

U.S. GDP Revised Down to 1.8% in Q3
Published: 12/22/2011 1:36:38 PM By: TradingEconomics.com, US Bureau of Economic Analysis
U.S. real gross domestic product increased at an annual rate of 1.8 percent in the third quarter of 2011 (that is, from the second quarter to the third quarter), according to the "third" estimate released by the Bureau of Economic Analysis. In the second quarter, real GDP increased 1.3 percent.

U.S. Annual Inflation Down to 3.4% in November
Published: 12/16/2011 1:37:34 PM By: TradingEconomics.com, US Bureau of Labor Statistics
The Consumer Price Index for All Urban Consumers (CPI-U) was unchanged in November on a seasonally adjusted basis, the U.S. Bureau of Labor Statistics reported on December 16th. Over the last 12 months, the all items index increased 3.4 percent before seasonal adjustment.

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