Arab Today, arab today us currentaccount deficit falls to 14 year low
Last Updated : GMT 13:34:54
Arab Today, arab today
Arab Today, arab today

US current-account deficit falls to 14 year low

Arab Today, arab today

Arab Today, arab today US current-account deficit falls to 14 year low

Washington - SPA

The U.S. current-account deficit fell to a 14-year low in the fourth quarter due to big gains in exports and overseas investment, the government reported Wednesday. The Commerce Department said the deficit in the current account—the broadest measure of trade, including the flow of goods, services, and investments into and out of the country—was $81.1 billion in the October-December period, down from $96.4 billion in the third quarter. It was the smallest deficit since the third quarter of 1999. In the fourth quarter, exports of goods rose 1.9 percent to $405.4 billion, driven by higher sales of petroleum and agricultural products. Exports of goods and services rose 2.5 percent to a record-high $785.2 billion. Imports rose only 0.7 percent. Americans received $206.1 billion in overseas income, mostly from investments, a 4.3 percent increase from the previous quarter. Payments to overseas owners of U.S. assets rose 2.4 percent to $137.8 billion, helping push the U.S. income surplus to $64.4 billion. The fourth-quarter current-account deficit represented 1.9 percent of gross domestic product (GDP), down from 2.3 percent in the July-September period and the smallest share since the third quarter of 1997. The current-account deficit has shrunk from a peak of 6.2 percent of GDP in late 2005. For all of 2013, the current-account deficit averaged 2.3 percent of GDP, the smallest since 1997. Two trends have helped narrow the current-account deficit in the past several years. First, the United States has benefited from an oil and natural-gas boom because new drilling technologies have made it feasible to drill in states like North Dakota and Pennsylvania, pushing down the trade deficit by increasing petroleum exports and reducing oil imports. Second, low U.S. interest rates have reduced the payments foreigners have received on their holdings of U.S. Treasury bonds and other investments. Meanwhile, the payments that Americans receive on overseas investments have risen, increasing the country’s investment surplus.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today us currentaccount deficit falls to 14 year low Arab Today, arab today us currentaccount deficit falls to 14 year low

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today us currentaccount deficit falls to 14 year low Arab Today, arab today us currentaccount deficit falls to 14 year low

 



Arab Today, arab today Designer prepared new set of ornaments

GMT 02:45 2017 Wednesday ,28 June

Designer prepared new set of ornaments
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
Arab Today, arab today
Arab Today, arab today

GMT 05:52 2017 Wednesday ,28 June

Suzanne Tamim’s father refuses to give comment

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 11:09 2017 Sunday ,25 June

HUAWEI P10 the ‘guru’ of portrait shots

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday