U.S. International Transactions: First Quarter of 2013

摘要

THE U.S. CURRENT-ACCOUNT deficit - a net measure of transactions between the United States and the rest of the world in goods, services, income, and unilateral current transfers - increased to $106.1 billion (preliminary) in the first quarter of 2013 from $102.3 billion (revised) in the fourth quarter of 2012 (see pages 66-67). The deficit increased to 2.7 percent of current-dollar gross domestic product (GDP) from 2.6 percent in the fourth quarter. The increase in the current-account deficit reflected a decrease in the surplus on income and an increase in outflows of net unilateral current transfers to foreign residents. These changes were partly offset by a decrease in the deficit on goods and an increase in the surplus on services.