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BEA Report: U.S. current account deficit widens by $7.6 billion, or 4.2 percent, to $188.5 billion
This came out yesterday.
EMBARGOED UNTIL RELEASE AT 8:30 A.M. EDT, Tuesday, March 23, 2021
BEA 21-09
U.S. International Transactions, Fourth Quarter and Year 2020
Current Account Deficit Widens by 4.2 Percent in Fourth Quarter
Current Account Balance, Fourth Quarter
The U.S. current account deficit, which reflects the combined balances on trade in goods and services and income flows between U.S. residents and residents of other countries, widened by $7.6 billion, or 4.2 percent, to $188.5 billion in the fourth quarter of 2020, according to statistics released by the U.S. Bureau of Economic Analysis. The revised third quarter deficit was $180.9 billion.
The fourth quarter deficit was 3.5 percent of current dollar gross domestic product (GDP), up from 3.4 percent in the third quarter.
The $7.6 billion widening of the current account deficit in the fourth quarter primarily reflected an expanded deficit on goods and a reduced surplus on services that were partly offset by a reduced deficit on secondary income.
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BEA 21-09
U.S. International Transactions, Fourth Quarter and Year 2020
Current Account Deficit Widens by 4.2 Percent in Fourth Quarter
Current Account Balance, Fourth Quarter
The U.S. current account deficit, which reflects the combined balances on trade in goods and services and income flows between U.S. residents and residents of other countries, widened by $7.6 billion, or 4.2 percent, to $188.5 billion in the fourth quarter of 2020, according to statistics released by the U.S. Bureau of Economic Analysis. The revised third quarter deficit was $180.9 billion.
The fourth quarter deficit was 3.5 percent of current dollar gross domestic product (GDP), up from 3.4 percent in the third quarter.
The $7.6 billion widening of the current account deficit in the fourth quarter primarily reflected an expanded deficit on goods and a reduced surplus on services that were partly offset by a reduced deficit on secondary income.
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