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U.S. International Transactions, 4th Quarter and Year 2024 | U.S. Bureau of Economic Analysis (BEA)

Summary by bea.gov
The U.S. current-account deficit narrowed by $6.3 billion, or 2.0 percent, to $303.9 billion in the fourth quarter of 2024, according to statistics released today by the U.S. Bureau of Economic Analysis. The revised third-quarter deficit was $310.3 billion. The fourth-quarter deficit was 4.1 percent of current-dollar gross domestic product, down from 4.2 percent in the third quarter. Full Text
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The US balance of payments deficit fell in the fourth quarter

The improvement is only likely to be temporary, as imports of goods jumped to record levels in January

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U.S. International Transactions, 4th Quarter and Year 2024 | U.S. Bureau of Economic Analysis (BEA)

The U.S. current-account deficit narrowed by $6.3 billion, or 2.0 percent, to $303.9 billion in the fourth quarter of 2024, according to statistics released today by the U.S. Bureau of Economic Analysis. The revised third-quarter deficit was $310.3 billion. The fourth-quarter deficit was 4.1 percent of current-dollar gross domestic product, down from 4.2 percent in the third quarter. Full Text

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bea.gov broke the news in on Thursday, March 20, 2025.
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