The U.S. current account deficit decreased to $113.0 billion (preliminary) in the third quarter of 2016 from $118.3 billion (revised) in the second quarter of 2016, according to statistics released by the Bureau of Economic Analysis (BEA). The deficit decreased to 2.4 percent of current-dollar gross domestic product (GDP) from 2.6 percent in the second quarter.

The $5.3 billion decrease in the current account deficit reflected a $9.0 billion decrease in the deficit on goods that was partly offset by changes in the balances on secondary income, primary income, and services.