News Release: U.S. International Transactions

by Sabrina I. Pacifici on March 14, 2007

U.S. International Transactions – Fourth Quarter and Year 2006: “The U.S. current-account deficit–the combined balances on trade in goods and services, income, and net unilateral current transfers–decreased to $195.8 billion (preliminary) in the fourth quarter of 2006 from $229.4 billion (revised) in the third quarter. The decrease was mostly accounted for by a decrease in the deficit on goods. In addition, the surplus on services increased, the balance on income shifted to a surplus from a deficit, and net unilateral current transfers to foreigners decreased.”

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