The U.S. current-account deficit decreased to $217.1 billion in the third quarter from $238.7 billion in the second quarter of 2022.
Real GDP increased 3.2 percent in the third quarter of 2022, reflecting increases in exports, consumer spending, nonresidential fixed investment, state and local government spending, and federal government spending that were partly offset by decreases in residential fixed investment and private inventory investment.
The U.S. net international investment position was −$16.71 trillion at the end of the third quarter of 2022. At the end of the second quarter, the net investment position was −$16.29 trillion.
Net government saving decreased $200.0 billion to −$1,117.8 billion. Net federal government saving decreased $157.8 billion to −$1,037.7 billion. Net state and local government saving decreased $42.1 billion to −$80.0 billion.