Balance of Payments: Current account balance (credit less debit) for United States
USABCAGDPBP6 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-2.41
Year-over-Year Change
12.96%
Date Range
1/1/1980 - 1/1/2030
Summary
The current account balance measures the net flow of goods, services, and income between the United States and the rest of the world. It is a key indicator of a country's international economic position and competitiveness.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The current account balance represents the difference between a country's total exports and total imports of goods, services, and net income. It is an important economic indicator used to assess a country's external position and can inform policymaking related to trade, exchange rates, and international investment.
Methodology
The data is collected and published by the U.S. Bureau of Economic Analysis.
Historical Context
The current account balance is closely monitored by policymakers, businesses, and investors to understand a country's economic health and global trade dynamics.
Key Facts
- The U.S. has run a current account deficit since the 1970s.
- The current account deficit reached a record high of 6.3% of GDP in 2005.
- The deficit is often financed by foreign investment in U.S. assets.
FAQs
Q: What does this economic trend measure?
A: The current account balance measures the net flow of goods, services, and income between the United States and the rest of the world.
Q: Why is this trend relevant for users or analysts?
A: The current account balance is an important indicator of a country's international economic position and competitiveness, and it informs policymaking related to trade, exchange rates, and international investment.
Q: How is this data collected or calculated?
A: The data is collected and published by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: The current account balance is closely monitored by policymakers, businesses, and investors to understand a country's economic health and global trade dynamics.
Q: Are there update delays or limitations?
A: The data is published regularly by the U.S. Bureau of Economic Analysis, with minimal update delays.
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Citation
U.S. Federal Reserve, Balance of Payments: Current account balance (credit less debit) for United States (USABCAGDPBP6), retrieved from FRED.