The U.S. current account deficit widened to an unprecedented level in Q1 2025, according to data from the Bureau of Economic Analysis (BEA), part of the Department of Commerce. The deficit surged by $138.2 billion, or 44.3%, reaching $450.2 billion—the highest ever recorded.
In Q4 2024, the deficit had stood at $312 billion, compared to an initial estimate of $303.9 billion. The Q1 2025 deficit accounted for about 6% of GDP, the highest since Q3 2006 when it peaked at 6.3%, compared to 4.2% in Q4 of the previous year.
Source (Al-Sharq Al-Awsat Newspaper, Edited)
