The U.S. current-account deficit—a net measure of transactions between the United States and the rest
of the world in goods, services, primary income (investment income and compensation), and secondary
income (current transfers)—increased to $111.2 billion (preliminary) in the first quarter of 2014 from
$87.3 billion (revised) in the fourth quarter of 2013. The deficit increased to 2.6 percent of current-dollar
gross domestic product (GDP) from 2.0 percent in the fourth quarter. The increase in the current-account
deficit largely reflected an increase in the deficit on goods and a decrease in the surplus on primary
income. In addition, the deficit on secondary income increased and the surplus on services decreased.
of the world in goods, services, primary income (investment income and compensation), and secondary
income (current transfers)—increased to $111.2 billion (preliminary) in the first quarter of 2014 from
$87.3 billion (revised) in the fourth quarter of 2013. The deficit increased to 2.6 percent of current-dollar
gross domestic product (GDP) from 2.0 percent in the fourth quarter. The increase in the current-account
deficit largely reflected an increase in the deficit on goods and a decrease in the surplus on primary
income. In addition, the deficit on secondary income increased and the surplus on services decreased.
