Recent current account deficit trends

The following chart was produced from IMF data on current account balances, for the four countries with the highest surpluses and the four countries with the largest deficits in 2008:

It is remarkable how the US deficit magnitude has been consistently so much larger than any other country’s balance.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: