June 14, 2013
The U.S. current-account deficit—the combined balances on trade in goods and services, income, and net unilateral current transfers—increased to $106.1 billion (preliminary) in the first quarter of 2013 from $102.3 billion (revised) in the fourth quarter of 2012. As a percentage of U.S. gross domestic product, the deficit increased to 2.7 percent from 2.6 percent. The previously published current-account deficit for the fourth quarter was $110.4 billion.
- The deficit on international trade in goods decreased to $179.1 billion from $182.4 billion, as goods imports decreased and goods exports increased.
- The surplus on international trade in services increased to $55.5 billion from $55.0 billion, as services exports increased more than services imports.
- The surplus on income decreased to $52.0 billion from $57.0 billion, as income receipts decreased and income payments increased.
- Net unilateral current transfers to foreign residents were $34.5 billion, up from $31.9 billion.
Net financial inflows were $80.7 billion in the first quarter, down from $129.4 billion in the fourth.
- U.S.-owned assets abroad increased $218.8 billion in the first quarter after increasing $116.0 billion in the fourth.
- Foreign-owned assets in the United States increased $295.5 billion in the first quarter after increasing $242.4 billion in the fourth.
To find out more about U.S. international transactions, read the full report.