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For additional information relating to this article, please contact:

Thomas StorringDirector – Economics and Statistics
Tel: 902-424-2410Email: thomas.storring@novascotia.ca

March 21, 2024
US CURRENT ACCOUNT 2023Q4

In 2023 Q4 vs 2023 Q3 the current account deficit narrowed by $1.6 billion to $194.8 billion

  • the goods deficit widened by $5.8 billion to $264.9 billion
  • the services surplus narrowed by $0.4 billion to $72.9 billion
  • the primary income surplus narrowed by $0.8 billion to $36.1 billion
  • the secondary income deficit narrowed by $8.6 billion to $38.9 billion

 

 In 2023 Q4, services exports increased $2.0 billion to $254.4 billion, and services imports increased $2.5 billion to $181.5 billion. 

 

In 2023 Q4, goods exports decreased $1.4 billion to $514.4 billion, and goods imports increased $4.4 billion to $779.4 billion. 

 

In 2023 Q4, primary income receipts decreased $3.7 billion to $361.6 billion, and primary income payments decreased $2.9 billion to $325.5 billion. 

In 2023 Q4, secondary income receipts increased $5.0 billion to $49.6 billion, and secondary payments decreased $3.6 billion to $88.5 billion. 

 

Source: United States Bureau of Economic Analysis retrieved from the Federal Bank of St. Louis using a FRED API 



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