Key TakeawaysKey Takeaways
- The U.S. has the largest trade deficit globally, at $1.1 trillion in 2023, growing from $541.6 billion in two decades.
- India and the UK follow next in line, driven by strong domestic consumption.
- Europe is home to five of the top 10 highest trade deficits worldwide, while two countries in Asia rank in the top 10.
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If the rest of the world didn’t make such bad money, you wouldn’t need to trade for ours.
The dolar is still king!
https://data.worldbank.org/indicator/BN.GSR.MRCH.CD?most_recent_value_desc=true&view=map