International Transactions | U.S. Bureau of Economic Analysis (BEA)

The U.S. current-account deficit resulting from international economic transactions widened by $33.4 billion, or 15.7 percent, to $246.0 billion in the second quarter of 2026, according to statistics released today by the U.S. Bureau of Economic Analysis. The revised first-quarter deficit was $212.6 billion. The second-quarter deficit was 3.0 percent of current-dollar gross domestic product, up from 2.7 percent in the first quarter.

Current Release

End of Q2 2026	-$22.42 T
End of Q1 2026	-$21.27 T

The U.S. net international investment position, the difference between U.S. residents’ foreign financial assets and liabilities, was –$22.42 trillion at the end of the second quarter of 2026. Assets totaled $46.97 trillion, and liabilities totaled $69.39 trillion. At the end of the first quarter of 2026, the net investment position was –$21.27 trillion (revised).

International Investment Position Product Page

Current release: September 24, 2026
Next release: December 18, 2026

U.S. International Transactions and Investment Position, 2nd Quarter '26 Double Chart

U.S. International Transactions and Investment Position - double chart

U.S. International Transactions and Investment Position, 1st Quarter 2026 and Annual Update

Q1 2026	-$226.8 B
Q4 2025	-$221.1 B

The U.S. current-account deficit resulting from international economic transactions widened by $5.8 billion, or 2.6 percent, to $226.8 billion in the first quarter of 2026, according to statistics released today by the U.S. Bureau of Economic Analysis. The revised fourth-quarter deficit was $221.1 billion. The first-quarter deficit was 2.9 percent of current-dollar gross domestic product, up from 2.8 percent in the fourth quarter.

Current Release

End of Q1 2026	-$21.27 T
End of Q4 2025	-$21.87 T

The U.S. net international investment position, the difference between U.S. residents’ foreign financial assets and liabilities, was –$21.27 trillion at the end of the first quarter of 2026. Assets totaled $43.37 trillion, and liabilities totaled $64.64 trillion. At the end of the fourth quarter of 2025, the net investment position was –$21.87 trillion (revised).

International Investment Position Product Page

Current Release: June 24, 2026
Next Release: September 24, 2026

U.S. International Transactions and Investment Position, 1st Quarter Annual '26 Double Chart

U.S. International Transactions and Investment Position, 4th Quarter and Year 2025

Q4 2025	-$190.7 B
Q3 2025	-$239.1 B

The U.S. current-account deficit resulting from international economic transactions narrowed by $48.4 billion, or 20.2 percent, to $190.7 billion in the fourth quarter of 2025, according to statistics released today by the U.S. Bureau of Economic Analysis. The revised third-quarter deficit was $239.1 billion. The fourth-quarter deficit was 2.4 percent of current-dollar gross domestic product, down from 3.1 percent in the third quarter.

Current Release

End of Q4 2025	-$27.54 T
End of Q3 2025	-$27.55 T

The U.S. net international investment position, the difference between U.S. residents’ foreign financial assets and liabilities, was –$27.54 trillion at the end of the fourth quarter of 2025. Assets totaled $42.96 trillion, and liabilities totaled $70.49 trillion. At the end of the third quarter, the net investment position was –$27.55 trillion (revised).

International Investment Position Product Page

Current Release: March 25, 2026
Next Release: June 24, 2026

U.S. International Transactions and Investment Position, Q4 and Year '25 Double Chart

U.S. International Transactions, 3rd Quarter 2025

Q3 2025	-$226.4 B
Q2 2025	-$249.2 B

The U.S. current-account deficit narrowed by $22.8 billion, or 9.2 percent, to $226.4 billion in the third quarter of 2025, according to statistics released today by BEA. The revised second-quarter deficit was $249.2 billion. The third-quarter deficit was 2.9 percent of current-dollar gross domestic product, down from 3.3 percent in the second quarter.

Current Release