Current Account Balance in United States
The current account balance in the United States averaged -2.5% of GDP in the decade to 2022, which is below the average for major economies at -0.5% of GDP. The 2022 reading was -3.8% of GDP. For more current account information, visit our dedicated page.
United States Current Account Chart
Note: This chart displays Current Account (% of GDP) for United States from 2014 to 2023.
Source: Macrobond.
United States Current Account Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Current Account Balance (% of GDP) | -2.1 | -2.8 | -3.7 | -3.9 | -3.3 |
| Current Account Balance (USD bn) | -442 | -601 | -868 | -1,012 | -905 |
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects American current account projections for the next ten years from a panel of 37 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable current account forecast available for American current account.
Download one of our sample reports to visualize what a Consensus Forecast is and see our American current account projections.
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