U.S. International Transactions, First Quarter 2019 and Annual Update

The U.S. current-account deficit decreased to $130.4 billion (preliminary) in the first quarter of 2019 from $143.9 billion (revised) in the fourth quarter of 2018, according to statistics released by the Bureau of Economic Analysis. The deficit was 2.5 percent of current-dollar gross domestic product in the first quarter, down from 2.8 percent in the fourth quarter. The previously published current-account deficit for the fourth quarter was $134.4 billion.Full Text