US’ current account deficit widens 11.5% to $943bn last year

The US’ current account deficit widened by $97.4 billion, or 11.5%, to reach $943.8 billion in 2022, the Bureau of Economic Analysis said Thursday. 
The deficit last year was 3.7% of the current-dollar gross domestic product (GDP), which was up from 3.6% in 2021, it added.
The widening figure reflected “expanded deficits on goods and on secondary income that were partly offset by an expanded surplus on primary income,” the agency said in a statement.

Leave a Comment

Your email address will not be published. Required fields are marked *

Scroll to Top