US current account deficit at 15-year high
The current account deficit in the US reached $214.8 billion in the third quarter of the year, the highest level recorded since 2006.
The US Department of Commerce announced the current account balance data for the period of July-September 2021.
Accordingly, the country’s current account deficit increased by 8.3 percent in the third quarter of this year compared to the previous quarter and became 214.8 billion dollars.
The current account deficit, which was above market expectations and reached the highest level since the third quarter of 2006, was expected to be $205 billion.
The current account deficit data for the second quarter of the year in the USA was revised from 190.3 billion dollars to 198.3 billion dollars.
The ratio of the country’s current account deficit to gross domestic product (GDP) was calculated as 3.7 percent in this period. This rate was recorded as 3.5 percent in the second quarter of the year.