U.S. Cross-Border Transactions, Fourth Quarter and Full Year 2025
U.S. Current-Account Deficit Shrinks in Q4 2025
According to the latest data from the U.S. Bureau of Economic Analysis, the nation's current-account deficit, which tracks international economic exchanges, decreased by $48.4 billion—representing a 20.2% reduction—to $190.7 billion in the final quarter of 2025. The previously revised figure for the third quarter stood at $239.1 billion.
In relation to the gross domestic product (GDP), the fourth-quarter deficit accounted for 2.4% of current-dollar GDP, marking a decline from 3.1% in the prior quarter. This substantial improvement was largely driven by a transition in the primary income balance, which moved from a deficit in the third quarter to a surplus in the fourth.
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