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Jun 16, 2016

U. S.Current Account Deficit Increased to 2.7% of Current-Dollar GDP in Q4, 2015: BEA News: U.S. International Transactions, 1st quarter 2016 and Annual Revisions.



The U.S. Bureau of Economic Analysis (BEA) has issued the following news release today:  

The U.S. current-account deficit-a net measure of transactions between the United States and the rest of the world in goods, services, primary income, and secondary income-increased to $124.7 billion (preliminary) in the first quarter of 2016 from $113.4 billion (revised) in the fourth quarter of 2015, according to statistics released by the Bureau of Economic Analysis (BEA). The deficit increased to 2.7 percent of current-dollar gross domestic product (GDP) from 2.5 percent in the fourth quarter.

The full text of the release on BEA's Web site can be found at www.bea.gov/newsreleases/international/transactions/transnewsrelease.htm