December 17, 2013
The U.S. current-account deficit—the combined balances on trade in goods and services, income, and net unilateral current transfers—decreased to $94.8 billion (preliminary) in the third quarter of 2013 from $96.6 billion (revised) in the second quarter of 2013. As a percentage of U.S. gross domestic product, the deficit decreased to 2.2 percent from 2.3 percent. The previously published current-account deficit for the second quarter was $98.9 billion.
- The deficit on international trade in goods increased to $178.6 billion from $175.7 billion as goods imports increased more than goods exports.
- The surplus on international trade in services increased to $57.9 billion from $57.6 billion as services exports increased more than services imports.
- The surplus on income increased to $60.0 billion from $56.0 billion as income payments decreased and income receipts increased.
- Net unilateral current transfers to foreign residents were $34.1 billion, down from $34.5 billion.
- Net financial inflows were $67.3 billion in the third quarter, up from $65.5 billion in the second.
- U.S.-owned assets abroad increased $74.3 billion in the third quarter after increasing $106.2 billion in the second.
- Foreign-owned assets in the United States increased $148.2 billion in the third quarter after increasing $168.2 billion in the second.
To find out more about U.S. international transactions, read the full report.