Current account balance (credit less debit), Net (credits less) in United States
United States: Current account balance (credit less debit), Net (credits less) was -1.19 trillion in 2024. ▼ Falling
Current account balance (credit less debit), Net (credits less debits) in United States, 2005–2024
Source: International Monetary Fund.
Analysis
In 2024, current account balance (credit less debit), net (credits less debits) in United States stood at -1.19 trillion. That is the lowest value across all 20 years on record.
That represents a change of down 27.7% on the previous year and down 220.4% over ten years.
Over the whole period, current account balance (credit less debit), net (credits less debits) in United States peaked at -339.45 billion in 2013 and was at its lowest, -1.19 trillion, in 2024.
That places United States 198th out of 198 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 20 years of available data.
Current account balance (credit less debit), Net (credits less) in United States, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | -749.23 billion | — |
| 2006 | -816.64 billion | +9.0% |
| 2007 | -736.55 billion | -9.8% |
| 2008 | -696.53 billion | -5.4% |
| 2009 | -379.74 billion | -45.5% |
| 2010 | -432.00 billion | +13.8% |
| 2011 | -455.30 billion | +5.4% |
| 2012 | -418.11 billion | -8.2% |
| 2013 | -339.45 billion | -18.8% |
| 2014 | -369.98 billion | +9.0% |
| 2015 | -408.45 billion | +10.4% |
| 2016 | -396.22 billion | -3.0% |
| 2017 | -367.61 billion | -7.2% |
| 2018 | -438.99 billion | +19.4% |
| 2019 | -441.96 billion | +0.7% |
| 2020 | -593.50 billion | +34.3% |
| 2021 | -858.63 billion | +44.7% |
| 2022 | -993.14 billion | +15.7% |
| 2023 | -928.02 billion | -6.6% |
| 2024 | -1.19 trillion | +27.7% |
United States compared with similar countries
- United States's -1.19 trillion is below the median for high income countries, which is 547.38 million. (72 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -675.74 billion | -816.64 billion | -379.74 billion | 5 |
| 2010s | -406.81 billion | -455.30 billion | -339.45 billion | 10 |
| 2020s | -911.72 billion | -1.19 trillion | -593.50 billion | 5 |
Countries ranked near United States
More financial sector data for United States
- Reserve position in the IMF, US dollar, annual growth rate 17.82 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.001 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 89.64 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 12.2 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0007 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 65.46 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 17.82 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.001 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 89.64 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 12.2 % change on previous year (2025)
Frequently asked questions
- What is current account balance (credit less debit), net (credits less debits) in United States?
- Current account balance (credit less debit), net (credits less debits) in United States was -1.19 trillion in 2024, according to International Monetary Fund.
- What is the highest current account balance (credit less debit), net (credits less debits) recorded in United States?
- The highest recorded value was -339.45 billion in 2013.
- What is the lowest current account balance (credit less debit), net (credits less debits) recorded in United States?
- The lowest recorded value was -1.19 trillion in 2024.
- How does United States rank for current account balance (credit less debit), net (credits less debits)?
- United States ranks 198th out of 198 countries with data for 2024.
- Is current account balance (credit less debit), net (credits less debits) rising or falling in United States?
- Over the last ten years it is down 220.4%. The long-run trend across the full record is falling.
- Where does this United States data come from?
- The figures come from International Monetary Fund, published as part of Current account balance (credit less debit), Net (credits less debits) (US dollar). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 20 observations, free to reuse under IMF Terms and Conditions (attribution required).
About this data
The World and Country Group Aggregates (historically called BOPSY) is an annual publication, released each November, of major balance of payments and international investment position components for countries, country groups, and the world.