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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

December 20, 2023
US CURRENT ACCOUNT 2023Q3

In 2023 Q3 vs 2023 Q2 the current account deficit narrowed by $16.5 billion to $200.3 billion

  • the goods deficit narrowed by $14.5 billion to $261.0 billion
  • the services surplus widened by $4.5 billion to $76.2 billion
  • the primary income surplus narrowed by $2.2 billion to $30.0 billion
  • the secondary income deficit widened by $0.3 billion to $45.6 billion

 

 In 2023 Q3, services exports increased $2.7 billion to $252.2 billion, and services imports decreased $1.9 billion to $176.0 billion. 

 

In 2023 Q3, goods exports increased $19.1 billion to $516.4 billion, and goods imports increased $4.6 billion to $777.4 billion. 

 

In 2023 Q3, primary income receipts increased $11.8 billion to $362.1 billion, and primary income payments increased $14.0 billion to $332.1 billion. 

In 2023 Q3, secondary income receipts decreased $0.7 billion to $45.1 billion, and secondary payments decreased $0.3 billion to $90.7 billion. 

 

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



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