The Economics and Statistics Division maintains archives of previous publications for accountability purposes, but makes no updates to keep these documents current with the latest data revisions from Statistics Canada. As a result, information in older documents may not be accurate. Please exercise caution when referring to older documents. For the latest information and historical data, please contact the individual listed to the right.
<--- Return to Archive
For additional information relating to this article, please contact:
March 21, 2017US CURRENT ACCOUNT Q4 2016 The US Bureau of Economic Analysis reported that the current account deficit has improved in Q4 by $3.6 billion to $112.4 billion compared to the revised Q3 result. The deficit decreased to 2.4 per cent of current dollar gross domestic product from 2.5 per cent. The decrease in the deficit mostly reflects an increase in the primary income surplus (+$19.9 billion) offsetting an increase in the goods deficit (-$17.5 billion).
Primary income receipts rose $4.4 billion on higher investment income reflecting interest on long-term securities while primary income payments decreased $15.4 billion on a decrease in direct investment income of US affiliates. Goods exports decreased $3.4 billion while imports were up $14.1 billion on increases in industrial supplies and consumer goods other than food and automotive.
Source: United States Bureau of Economic Analysis
<--- Return to Archive