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September 19, 2018US CURRENT ACCOUNT Q2 2018 In Q2 2018, the US Bureau of Economic Analysis reported that the United States current account deficit narrowed by $20.3 million to $101.5 billion, compared to the revised Q1 2018 report. The current account deficit was 2.0% of current-dollar gross domestic product (GDP) compared to 2.4% in Q1 2018.
Compared to the previous quarter, there was decrease in the goods trade deficit (+$17.6 billion) and an increase in the service trade surplus ($2.5 billion). The primary income surplus declined ($330 million) and the secondary income account deficit increased ($403 million).
For Q2 2018, the current account deficit of $101.5 billion results from balances on goods (-$203.2 billion), services (+$69.3 billion), primary income (+$60.8 billion) and secondary income (-$28.5 billion).
Source: United States Bureau of Economic Analysis
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