Trade Deficit Scaler
Is a $1 Trillion trade deficit dangerous? Normalize absolute net exports against total domestic output.
Macro Inputs ($ Billions)
Analysis
Net Trade Balance (Goods & Services)
$0
Deficit as % of GDP
0%
While absolute trade deficits appear enormous, they currently represent approximately 3-4% of total US GDP, largely offset by capital account surpluses (foreign investment into US assets).