U.S. International Transactions
Data for 2002:IQ show a sizeable increase in the U.S. current account deficit, from $95.1 billion in 2001:IVQ to $112.5 billion. This movement can be attributed mainly to a deterioration in the goods deficit—from $100.7 billion to $106.4 billion— resulting from both declines in exports and increases in imports.
Suggested citation: "U.S. International Transactions," Federal Reserve Bank of Cleveland, Economic Trends, no. 02-07, pp. 09, 07.01.2002.