Economic EventCurrent Account
UnitsBillions of Dollars
Current PeriodQ4 2008
Release DateMar. 18. 09
Reported-132.8
Consensus for Current Period-137.3
Number of Forecasts30
Economic Surprise4.5 ( 3.28 % )
Prior PeriodQ3 2008
Reported Value for Prior Period-181.3
Revised From-174.1
Next Release DateJun. 17. 09
Next Release Time8.30 AM Eastern Time
Source http://www.bea.gov/newsreleases/international/transactions/transnewsrelease.htm
NoteThis is the smallest deficit since the fourth quarter of 2003.
DescriptionThe current account of the balance of payments is the sum of the balance of trade (exports minus imports of goods and services), net factor incomes (such as interest and dividends) and net transfer payments (such as foreign aid). A current account surplus increases a country's net foreign assets by the corresponding amount, and a current account deficit does the reverse.
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