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Thomas StorringDirector – Economics and Statistics
Tel: 902-424-2410Email:

December 21, 2022

In 2022Q3 vs 2022Q2, the Net current account deficit narrowed by $21.6 billion to $217.1 billion

  • the Net goods and services deficit narrowed by $43.0 billion to $210.6 billion 
  • the net primary income surplus narrowed by $11.6 billion to $45.6 billion
  • the Net secondary income deficit widened by $9.8 billion to $52.1 billion 




In 2022Q3, exports of services  increased by 2.1% ($4.9 billion) to $234.0 billion,  while imports of services increased by 0.9% ($1.6 billion) to $173.5 billion. As a result, net services surplus widened by $3.3 billion to $60.5 billion.


 In 2022Q3, goods exports increased $7.2 billion to $547.0 billion, and goods imports decreased $32.5 billion to $818.2 billion. As a result, the net goods deficit narrowed by $39.7 billion to $271.1 billion,


Source: United States Bureau of Economic Analysis retrieved from the Federal Bank of St. Louis



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