U.S. Current Account Deficit Narrows by 9.2% in Q3 2025

U.S. current account deficit narrowed by $22.8 billion, or 9.2%, to $226.4 billion in the third quarter of 2025, according to the the Bureau of Economic Analysis. This represents 2.9% of the country's current-dollar gross domestic product, down from 3.3% in the second quarter. The improvement was led by a shift in the balance of primary income to a surplus, an expanded services surplus, and a reduced goods deficit. Exports of goods and services increased $24.1 billion to $1.30 trillion, while imports rose $1.3 billion to $1.53 trillion. Goods exports fell $1.9 billion to $548 billion, but services exports grew $11.7 billion to $314.2 billion. Primary income receipts rose to $395.2 billion, while payments increased to $390.0 billion. Net financial-account transactions showed U.S. borrowing of $409.9 billion.