The U.S. current-account deficit rose to $124.8 billion in the third quarter (Q3) of 2018, up from $101.2 billion (revised) in Q2 2018, according to the preliminary estimate by the Bureau of Economic Analysis (BEA).
The deficit was 2.4% of current-dollar gross domestic product (GDP) in the third quarter, up from 2.0 percent in the second quarter. The $23.6 billion increase in the current-account deficit largely reflects a $24.0 billion increase in the deficit on goods.
Exports of goods and services and income receipts decreased $6.2 billion in the third quarter to $930.3 billion. Imports of goods and services and income payments increased $17.4 billion in the third quarter to $1,055.1 billion.