U.S. International Transactions, 4th Quarter and Year 2024

From bea.gov

The U.S. current-account deficit, which reflects the combined balances on trade in goods and services and income flows between U.S. residents and residents of other countries, narrowed by $6.3 billion, or 2.0 percent, to $303.9 billion in the fourth quarter of 2024, according to statistics released today by the U.S. Bureau of Economic Analysis. The revised third-quarter deficit was $310.3 billion (table A). The fourth-quarter deficit was 4.1 percent of current-dollar gross domestic product (GDP), down from 4.2 percent in the third quarter. The $6.3 billion narrowing of the current-account deficit in the fourth ... (full story)