iTulip Dollar Doom Guide
Exhibit #1: Current Account Deficit
Exhibit #1: Current Account Deficit
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Current Account The current account is the net flow of current transactions, including goods, services, and interest payments, between countries. A surplus occurs when a the value of the net flow is positive and a deficit with the net flow is negative. Where does the US stand? According to data on the current account balance provided by NationMaster.com, of 162 nations ranked, China is running the largest trade surplus in the world at $197 billion per year. Out of the remaining nations, the United States ranks 162nd–in last place–with a current account deficit of $862 billion per year, the largest deficit in the world. Comment... |