External balance on goods and services in United States
United States: External balance on goods and services was -984.55 billion constant LCU in 2024. ◆ Volatile
Latest (2024)
-984.55 billion constant LCU
Change on year
down 11.9%
World rank
137th
of 161 countries
All-time high
28.40 billion constant LCU
in 1980
All-time low
-984.55 billion constant LCU
in 2024
Years of data
55
1970–2024
External balance on goods and services in United States, 1970–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant LCU.
Analysis
The most recent figure for external balance on goods and services in United States is -984.55 billion constant LCU, measured in 2024. That is the lowest value across all 55 years on record.
That represents a change of down 11.9% on the previous year and down 215.4% over ten years.
Over the whole period, external balance on goods and services in United States peaked at 28.40 billion constant LCU in 1980 and was at its lowest, -984.55 billion constant LCU, in 2024.
United States ranks 137th of 161 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
External balance on goods and services in United States, year by year
| Year | constant LCU | Change |
|---|---|---|
| 1970 | -53.90 billion constant LCU | — |
| 1971 | -63.75 billion constant LCU | +18.3% |
| 1972 | -77.72 billion constant LCU | +21.9% |
| 1973 | -51.27 billion constant LCU | -34.0% |
| 1974 | -24.40 billion constant LCU | -52.4% |
| 1975 | 6.79 billion constant LCU | -127.8% |
| 1976 | -32.91 billion constant LCU | -584.9% |
| 1977 | -60.55 billion constant LCU | +84.0% |
| 1978 | -60.35 billion constant LCU | -0.3% |
| 1979 | -35.05 billion constant LCU | -41.9% |
| 1980 | 28.40 billion constant LCU | -181.0% |
| 1981 | 23.73 billion constant LCU | -16.4% |
| 1982 | -1.68 billion constant LCU | -107.1% |
| 1983 | -57.13 billion constant LCU | +3296.1% |
| 1984 | -128.32 billion constant LCU | +124.6% |
| 1985 | -148.66 billion constant LCU | +15.8% |
| 1986 | -164.76 billion constant LCU | +10.8% |
| 1987 | -153.33 billion constant LCU | -6.9% |
| 1988 | -101.34 billion constant LCU | -33.9% |
| 1989 | -66.43 billion constant LCU | -34.4% |
| 1990 | -36.69 billion constant LCU | -44.8% |
| 1991 | 8.43 billion constant LCU | -123.0% |
| 1992 | 8.44 billion constant LCU | +0.1% |
| 1993 | -31.72 billion constant LCU | -475.8% |
| 1994 | -59.76 billion constant LCU | +88.4% |
| 1995 | -45.09 billion constant LCU | -24.5% |
| 1996 | -53.91 billion constant LCU | +19.6% |
| 1997 | -77.04 billion constant LCU | +42.9% |
| 1998 | -192.65 billion constant LCU | +150.1% |
| 1999 | -292.14 billion constant LCU | +51.6% |
| 2000 | -387.50 billion constant LCU | +32.6% |
| 2001 | -419.35 billion constant LCU | +8.2% |
| 2002 | -505.16 billion constant LCU | +20.5% |
| 2003 | -568.10 billion constant LCU | +12.5% |
| 2004 | -647.26 billion constant LCU | +13.9% |
| 2005 | -683.00 billion constant LCU | +5.5% |
| 2006 | -681.93 billion constant LCU | -0.2% |
| 2007 | -599.66 billion constant LCU | -12.1% |
| 2008 | -447.86 billion constant LCU | -25.3% |
| 2009 | -311.40 billion constant LCU | -30.5% |
| 2010 | -357.22 billion constant LCU | +14.7% |
| 2011 | -329.25 billion constant LCU | -7.8% |
| 2012 | -305.13 billion constant LCU | -7.3% |
| 2013 | -270.51 billion constant LCU | -11.3% |
| 2014 | -312.12 billion constant LCU | +15.4% |
| 2015 | -439.48 billion constant LCU | +40.8% |
| 2016 | -468.38 billion constant LCU | +6.6% |
| 2017 | -504.14 billion constant LCU | +7.6% |
| 2018 | -552.85 billion constant LCU | +9.7% |
| 2019 | -575.20 billion constant LCU | +4.0% |
| 2020 | -618.55 billion constant LCU | +7.5% |
| 2021 | -884.20 billion constant LCU | +42.9% |
| 2022 | -978.69 billion constant LCU | +10.7% |
| 2023 | -879.61 billion constant LCU | -10.1% |
| 2024 | -984.55 billion constant LCU | +11.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | -45.31 billion constant LCU | -77.72 billion constant LCU | 6.79 billion constant LCU | 10 |
| 1980s | -76.95 billion constant LCU | -164.76 billion constant LCU | 28.40 billion constant LCU | 10 |
| 1990s | -77.21 billion constant LCU | -292.14 billion constant LCU | 8.44 billion constant LCU | 10 |
| 2000s | -525.12 billion constant LCU | -683.00 billion constant LCU | -311.40 billion constant LCU | 10 |
| 2010s | -411.43 billion constant LCU | -575.20 billion constant LCU | -270.51 billion constant LCU | 10 |
| 2020s | -869.12 billion constant LCU | -984.55 billion constant LCU | -618.55 billion constant LCU | 5 |
Countries ranked near United States
More economy & growth data for United States
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.63 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.12 Percent per annum (2029)
- Gross value added at basic prices (GVA) (current US$), annual growth 10.53 % change on previous year (2021)
- Gross value added at basic prices (GVA) (current US$), per unit of GDP 0.9477 current US$ per US$ of GDP (2021)
- Gross value added at basic prices (GVA) (current US$), per capita 67,708 current US$ per person (2021)
- Gross value added at basic prices (GVA) (current LCU), annual growth 10.53 % change on previous year (2021)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 0.9477 current LCU per US$ of GDP (2021)
- Gross value added at basic prices (GVA) (current LCU), per capita 67,708 current LCU per person (2021)
- GDP (current US$), annual growth rate 5.02 % change on previous year (2025)
- GDP (current US$), per capita 90,026 current US$ per person (2025)
Frequently asked questions
- What is external balance on goods and services in United States?
- External balance on goods and services in United States was -984.55 billion constant LCU in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest external balance on goods and services recorded in United States?
- The highest recorded value was 28.40 billion constant LCU in 1980.
- What is the lowest external balance on goods and services recorded in United States?
- The lowest recorded value was -984.55 billion constant LCU in 2024.
- How does United States rank for external balance on goods and services?
- United States ranks 137th out of 161 countries with data for 2024.
- Is external balance on goods and services rising or falling in United States?
- Over the last ten years it is down 215.4%. The long-run trend across the full record is volatile.
- Where does this United States data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of External balance on goods and services (constant LCU). Statizoid updates them automatically from the source API.
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About this data
The balance of international trade in goods and services is the difference between the exports and imports of goods and services. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.