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U.S. Current Account Deficit Narrows to $190.7 Billion

3/26/2026

48 9 Full Breakdown

Summary

Story summary

The U.S. current account deficit narrowed in Q4 2025 by $48.4 billion to $190.7 billion, or 2.4% of GDP, the lowest since Q1 2021.
The decline was driven by a rise in primary income and a reduction in the goods trade deficit influenced by tariffs.
Primary income shifted to a surplus of $23.9 billion.
Exports of goods rose to $563.6 billion.

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Story summary

The U.S. current account deficit narrowed in Q4 2025 by $48.4 billion to $190.7 billion, or 2.4% of GDP, the lowest since Q1 2021.
The decline was driven by a rise in primary income and a reduction in the goods trade deficit influenced by tariffs.
Primary income shifted to a surplus of $23.9 billion.
Exports of goods rose to $563.6 billion.