US Current Account Deficit of $170.5 Billion in Q2... Deficit Widens Compared to Previous Quarter

Goods and Primary Income Account Deficit

[Asia Economy Reporter Cha Min-young] The United States recorded a current account deficit of approximately $170.5 billion in the second quarter.

According to the U.S. Bureau of Economic Analysis (BEA) under the Department of Commerce, announced on the 18th (local time), the U.S. current account deficit for the second quarter was preliminarily estimated at $170.5 billion. This is about $59 billion larger than the $111.5 billion (revised) deficit in the first quarter, and the deficit was larger than the initial estimate of -$160 billion.

By sector, the goods balance recorded a deficit of $219.3 billion, while the services balance showed a surplus of $54.4 billion. The primary income balance had a surplus of $29.2 billion, and the secondary income balance had a deficit of $34.9 billion.