, Economics Of Cash, Banking And Monetary Markets, The, Enterprise College Version, 5th Version

Overall, the current account deficit implies that the worth of the products and services being bought from overseas by the United States exceeds the value of the goods and services being offered to foreigners. The U.S. current account deficit widened progressively for the rationale that Nineteen Nineties and reached an all-time record and international high of 5.8% of GDP in 2006. The deficit has since narrowed due partially to increased domestic oil manufacturing.