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US Current Account deficit narrowed to $112 billion in Q4

Tuesday, Mar 21 2017
US Current Account deficit narrowed to $112 billion in Q4

The U.S. current-account deficit decreased to $112.4 billion (preliminary) in the fourth quarter of 2016 from $116.0 billion (revised) in the third quarter of 2016, according to statistics released by the Bureau of Economic Analysis (BEA).  The deficit decreased to 2.4 percent of current-dollar gross domestic product (GDP) from 2.5 percent in the third quarter.

The $3.6 billion decrease in the current-account deficit mostly reflected a $19.9 billion increase in the surplus on primary income that was largely offset by a $17.5 billion increase in the deficit on goods.  The changes in the surplus on services and the deficit on secondary income were relatively small.

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